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All of the online sportsbooks use services that simply use the Vegas odds as a starting point for events. Then their own systems will adjust the spread depending on how people are betting at their sportsbook.
Exotic bets are there to make for a more entertaining betting experience, but they work somewhat differently compared to the straight bets.
But, the original point spread is still used in all these bets no matter how you look at it. Parlays are essentially a combination of two or more bets into one, such as three teams winning their respective matches.
These parlays are usually a long shot since so many teams have to win, but in the end they are also some of the highest paying games. You can pick teams to cover the point spread, over or unders, or moneylines in a parlay and sometimes you can mix in different sports. Pleasers are some of the highest paying bets, as they take the spread and then subtract points, making it harder to succeed. Then you also have to combine them into another bet of the same type in order to win. The payouts are huge, but it is not likely that these will come in unless you have the utmost luck or some sort of inside knowledge.
Teaser bets are the exact opposite, int hat you can adjust the spread to be more favorable, thus lowering your payout but increasing your chances of winning. Either way, these are some of the more exciting ways for you to wager. There are also " If-Bets ", which allow you combine two bets. The first bet has to win for the second bet to have action. If the first bet fails, the second bet doesn't come through.
If you win the first bet, you can then use the winnings on the second bet, essentially building your bankroll. American odds have become incredibly commonplace, despite the fact that they are not as easy to read as other formats.
As an example, American Odds read like this:. In the example above, you can see that Team A has the lowest number of the group and are considered to be the favorite to win this bet. And, with a little bit of manipulation, you can see how these odds will pay if the wager ends up being a winner and that is what we're all here for Fractional betting odds are the easiest to understand.
Just about every single sportsbook that caters to Americans has the option available for fractional odds. And, while they may seem daunting at first, you don't really need to understand complex fractions in order to utilize these odds. Lets look at an example:. In order to best understand these lines, you first need to look at the ratio to 1. Once you have determined this, you can figure out the favorite.
To figure out which side is favored, you simply need to figure out which is the lower number. Fighter A's wager is the clear favorite as it is the lower number. So, how do you figure out what these pay? Anytime fractional odds are displayed at a value of less than 1, the bettor must risk more than they intend to win if the wager is a winner. Thus, all of the basic bets are in one place, allowing for easy access.
The point spread, which is the most popular type of bet, lists the favored team with a minus sign and a number and the underdog with a plus sign and the same number as the favorite. The team that has the minus sign, which is the favorite, has points deducted from its final score, while the dog, with the plus sign, has points added.
The favorite must beat the spread, which means they have to win by more than the negative number to pay off. The underdog pays off in two instances—if they win outright or if they lose by less than the spread. In our scenario, Indianapolis is at If you bet on the Colts at If you wager on Cincinnati, which is the underdog, your bet pays off if they win the game outright or if they lose by less than If in our example the spread was reset to 10 with the Colts favored and they win by 10, then the game is considered to be a tie, which in betting terms is called a push.
If there is a push all bets are off and the sportsbooks return all wagers back to the bettors. Many people will say that the odds on a spread bet are even, paying 1: But this is not true. The actual odds are 0. For every dollar bet, you can win 90 cents. That number, which is your stake, is posted as Every NFL point spread works this way. The moneyline is different. First, with the moneyline whichever team wins the game pays out.
How do the bookies even the playing field with the moneyline? In order to be a stronger NHL bettor, you need to have a complete understanding of the different types of bets available.
Sportsbooks online offer several different betting options giving you complete flexibility in how you choose to bet. Long gone are the days where the only bet options you had are who would win the game. Just because there are tons of different bet types does not mean that you have to make tons of different types of bets.
Stick to what you know and only branch out if you see an opportunity. The complexity of a bet has nothing to do with its profitability. You can be a successful NHL bettor without ever touching any of these other bet types. You can also be a successful NHL bettor by betting all of these different types of bets. The point is that your success as a bettor does not rely on placing complex bets. It relies on your ability to leverage your knowledge base and find value.
A money line bet is the most popular type of NHL bet. This bet type is one where you select who will win the game. If the team you selected wins the game, you win your bet!
The important thing to realize about money line bets is that they do not always pay out the same amount for each team. In fact, they often do not pay out the same amount. The bigger of a favorite an NHL team is to win a game the less money the sportsbook is going to pay you for a correct pick.
The bigger of an underdog an NHL team is to win a game the more money the sportsbook is going to pay you. These statements are general rules of thumb, though the lines will move based on how the betting public chooses to bet. The important take away is that you realize that you will get paid out according to the likelihood of the team winning.
These money line bets in the NHL operate the same as they do in any of the other major sports. The puck line in the NHL is similar to a money line bet except that the team will need to win by more than 1. With a money line bet the payout odds are the only thing that is adjusted.
You win your money line bet no matter how many goals a team wins by. With puck line bets it does matter how many goals the team wins by.
The team that is the favorite will need to win the game by more than 1. In contrast, the team in that game that is the underdog can lose the game by 1. The Blue Jackets are significant favorites at on the money line. The corresponding puck line odds are as follows:. Remember, though, they have to win the game by more than 1. As there are no half goals in the NHL, this just means they have to win the game by 2 or more goals.
The reason it is expressed in half goals is to prevent betting ties. This will also show you why you would want to make one bet over the other. The Blue Jackets would only need to win the game by one goal or more for you to win your bet.
When should you make this bet? You make a puck line bet when you think a team is going to win decisively. If you win the game or lose by only one goal, you still win the bet. If you lose by two or more goals, you lose the bet. The puck line bet gives you a lot of flexibility when it comes to betting.