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Odds Information
The ODDS on a sports game or match are used to indicate -
for betting purposes or for interest - the oddsmakers' opinions
as to the probable outcome of the match.
The point spread - also called "the line" or "the
spread" - is used in football and basketball as a margin
to handicap the favorite team. For betting purposes, the oddsmaker
predicts that the favored team will win by a certain number
of points. This number of points is the point spread. The
favorite is always indicated by a minus sign (e.g. -5.5) and
the underdog by a plus sign (e.g.+5.5, or simply 5.5). If
you bet on the favorite, you win your bet if the favorite
wins AND their margin of victory is greater than the point
spread. If you bet on the underdog, you win if the underdog
wins, ties, or if the favored team wins but fails to exceed
the point spread. It is standard for point spread bets in
most sports that you wager $110 to win $100.
A money line, used in baseball and hockey, takes the place
of a point spread. Money line betting is simply wagering on
the contest based on a given price rather than a point spread.
The team wagered on has to win the game outright, regardless
of the score. The minus sign (e.g.-130) always indicates the
favorite and the amount you must bet to win $100. The plus
sign (e.g.+120, or simply 120) always indicates the underdog
and the amount you win for every $100 bet. Using this example,
therefore, you would bet $130 to win $100 on the favorite,
while for the underdog you would bet $100 to win $120.
The over/under is the number of points oddsmakers expect
will be the total score for the contest (both teams combined,
overtime included). You bet on whether the total points scored
will be more or less than this number. As with point spread
bets, you must generally wager $110 to win $100.
Betting on a point spread or money line is sometimes called
betting "sides" - that is, betting that one side
or the other will be the winner - while betting the over/under
is referred to as betting "totals".
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