Other Bets Props and Futures Some other fun bets that can be made on basketball include prop bets and futures. How To Bet News. Handicapping Your Basketball Bets When oddsmakers set the lines, they take many factors into consideration. If you have even one loss, you lose the entire bet. On the other hand the Magic must either win outright or lose by 3 or fewer points for a Magic spread bet to payout.
From this, form a trading plan and make sure that you test it on a demo account before you start trading. Spread Betting on Livestock If you are spread betting on a livestock, you have several choices. The current price for a bet on live cattle is 12, Say the price went up to 13, This is how you work out how much you have won. Your long spread bet was placed at 12, The bet closed at 13, The difference between these is 13, This works out to Therefore you won Sometimes your bet will go the wrong way, and this does not always mean that you made a mistake, simply that the market had other ideas.
Perhaps the price will fall to 12, Your long spreadbet was placed at 12, The bet closed at 12, The difference between these is 12, Therefore you lost Something like a drought or torrential rain, baking or freezing weather, etc.
To the extent these things cannot be foreseen, everyone is in the same position and you need to apply technical analysis to the charts to see what other traders are thinking. As a second example, suppose you are interested in betting on lean hogs. The current spread betting quote for them is — The short bet goes on at the lower price, which is After a time, say that the quote goes down to — , and you decide to close your trade and collect your winnings.
As it is a short bet, it closes on the higher price of Your short bet was placed at You closed your bet at Therefore you gained less points. In essence, they are bets on which team or competitor will win any given match. As the wager is on who will win, usually with two teams or competitors, money line bets have only a couple of possible outcomes. Either the team selected will win, in which case the bettor will receive a payout on the odds discussed below —or the team will lose, in which case the bettor chose unsuccessfully.
Some events, such as fights, may have a third possible bet option: a draw. It is considered one of the more basic forms of betting. A money line bet is considered to be the least complicated kind of bet because what is at stake is so straightforward: who will win. Payouts still take into account the odds of a game, with the teams split into two neatly organized categories: favorite and underdog.
Gambling always involves a negative expected return—the house always has the advantage. Bookmakers separate out teams into favorites and underdogs. Gamblers can find opportunities to make especially good returns when betting markets are inefficient.
They look for chances to exploit those inefficiencies. For example, a paper that analyzed — data from bets on Ultimate Fighting Championship UFC matches claimed that bets for simple win outcomes were efficient, while bets for wins by round and wins by method were not.
There are many such studies of other betting markets. With the rise of online gambling, the industry is becoming more profitable, more permissible, and more popular, advocates say. Thirty-two states have legalized sports betting since the U. Supreme Court threw out a federal ban on it in it was already legal in Nevada, which had been exempted from the law due to the legacy of legal gambling in that state. It is not yet operational in Florida, Nebraska, and Ohio, though. According to the gambling advocacy nonprofit American Gaming Association, recent data suggests that a majority of Americans see gambling as acceptable entertainment, with many also suggesting that it has an overall positive impact, especially economically.
Despite this, projections show that gambling, especially online, will continue to grow. And money line bets are considered a comparatively easy way for newbies to bet. In , the U. Supreme Court gave states permission to legalize sports betting if they wish to do so. It is still fully illegal in 17 states, including California, Massachusetts, and Texas.
In , the U. Supreme Court gave states permission to legalize sports betting if they wish to do so. It is still fully illegal in 17 states, including California, Massachusetts, and Texas. In four other states, there is some form of pending legislation. Money Line Bets vs.
Point Spread Bets A point spread bet considers not only which team wins but also by how much. In this sort of bet, the favorite has to win by a set amount of points or more. To manage risk , bookmakers use point spreads to evenly distribute bettors on both sides of a bet. In fact, both try to account for the relative strength of each team. However, they do this in different ways. Money lines change the amount charged for bets on a team, while point spreads change the team scores that would count as a win.
The information in money line markets may be more precise than that in point spread markets, according to some financial studies. If you or someone you know has a gambling problem, call the National Problem Gambling Helpline at , or visit ncpgambling.
What is a money line bet? A money line bet is a wager on the outcome of an event. It is a bet on which team or competitor the bettor expects to win. It also tells you that the team is not expected to win, as it is the underdog in the game. How do you figure out a money line? To figure out how much you would make on a money line bet, you need to figure out how much your bet would pay out. Look at the integers next to the teams.
The Bottom Line Money line bets, one of the simplest kinds of bets to place, allow bettors to select who they think will win a competition. Article Sources Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. What is Back-to-Lay?
Betting exchanges around the world offer these bets on different events and matches. You can then use it on cricket, football, or any other sport the bookie or exchange offer. You find a runner you like and back it by betting on it. Lay Betting Instead of backing a horse to win, you can also lay a bet against its odds.
Your lay bet wins if any other horse wins the race, even if your choice has lost. The same can be applied to, for example, outrights for a football competition such as the Champions League. You can lay a bet against Barcelona winning the CL at great odds, and your chances of winning will be high in that case. Lay betting is an interesting way to place bets against other punters without a bookmaker as the third party in the business.
What Is Liability in Betting? Many exchanges have a liability calculator that makes it easy for punters to learn what it is. When you back an outcome in a match, the stake is the liability. The liability is also correlated with the odds which are used in the formula we mentioned before.
Think of it as insurance for the lay bet the betting exchange locks away from you. While not essential to place back and lay bets, liability is a major factor you should consider. Using the formula above, you can calculate backing and laying bets to make money without the need to log in and let the system do the work for you at a betting exchange.
In Australia and other countries, punters at sports betting sites usually use the so-called lay the draw strategy to optimize profits. This strategy consists of laying a bet on a draw. Keep in mind that there are 2 different lay the draw strategies. One is a lay the draw betting; the other is for traders.
If it ends or or any other draw result, you lose your lay bet. Whenever a team scores in the match, the draw price goes up to make some nice profit. The example we used above is for lay the draw betting strategies. No need for anything fancy — a basic strategy will do nicely.
Jul 27, · Leans AI and REMI are doing the same thing, transforming the sports betting market one pick at a time. Leans AI and REMI crunch numbers every minute of the day and . Aug 22, · Liability in betting is the amount of money needed to cover the outcome of a bet. So whether you back or lay a bet, there will be a liability to some extent. Let’s first look at a . So if you want to bet $50 on the Texans, the formula would be the below. $50 * (/) = $ So, a $50 bet would win $ Now, let’s say you want to win $ That would look like the .