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General Types Of Wagers

The point spread is meant to make things a little more equal, in the sense that you assign a certain number of points to a team/side that isn’t as strong as the one they’re playing. However, in some sports where there is a clear mismatch – let’s say a big, established college football program versus a downtrodden small school – the outright outcome is very obvious. If the perceived better team has to win by, say, 20 points, that makes the decision much more challenging and the matchup on the field much fairer. Betting against the spread means you are taking the Underdog and the points in a game. To win you want the “underdog” to either win the game outright OR lose by less then the “Point Spread” you are given. In this example we are taking the underdog the NY Jets and +7 points.

If you pick the Giants to win, they must win by more than 9 points for you to win your bet. In cases where a team matches the spread, the bet is considered a ‘push’ and the original wager is refunded. For the game above, if the Giants won by exactly 9 points, all bettors would get their money back with no profits or losses. A teaser is a type of football or basketball wager in which the pointspread is adjusted by additional points in the player’s favor on more than one game.

A Money Line or straight up wager is a bet on the outright winner of the game or event, without any point spread odds. A Money Line better doesn’t have to worry about a team winning or losing by a certain number of points. These lines work exactly the same way as a point spread, but they usually have adjusted juice rather than the standard -110 juice attached to most football and basketball point spreads. For the first bet, you take the Saints to cover since they have a history of working well against the spread .

The additional points on the spread or total make these bets easier to win and thus they pay less than a traditional parlay. Many are the stories of an insane parlay bet hitting for huge money against all odds. Hell, the climaxes of recent critically acclaimed movies “Silver Linings Playbook” and “Uncut Gems” both revolve around daring parlay bets. If the Seahawks win the game, Seahawks money line bettors win $100 for every $230 they bet on the money line. A winning Seahawks money line bettor who wagered $230 would collect their $230 wager plus $100 profit. If the Eagles win the game, an Eagles money line bettor who wagered $100 would make $200 profit and therefore collect $300 at the counter.

The wagers can be a mixture of multiple bet types, including spreads, moneylines, and over/unders. For that reason, parlays tend to have higher payouts than each wager would if placed separately. A total, or over/under, is a bet on the total amount of points scored in a game by both teams combined. A bet on the over means that both teams must combine to score more than the indicated point total, whereas a bet on the under means that they must combine for less. If the teams combine for the indicated total exactly, then the wager is a push and all bets are voided and you get your money back.

So if you bet on them, you’ll win your bet as long as they come within three points of the other team’s score — even if they do not win. You can either win, lose or push individual bets based on the outcome of the game. There are hundreds of different bets for the dozens of different betting markets available, so understanding what you’re looking at is the most important part of the process. Straight betting is the most common form of wagering in Major League Baseball.

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