Many like the challenge of testing their prediction skills against that of the sportsbook. Even a small wager becomes something you can be proud of when you win. And, while we all love to watch our favorite teams play, a bet adds immeasurable excitement to games between teams you otherwise don’t care too much about. Placing bets on an NFL game is legal only in some states in the United States. Some states have regulated online sports betting and allow betting on NFL games.
If you see -7.5 (-102), then you only need to wager $102 to win $100. If the Cowboys win 20-17, they win by three points and do NOT cover the 4.5 points, but the Giants have “covered the spread” by staying within 4.5 points. If you want to determine your profit only, then subtract your wager from that amount.
The wagered amount along with the odds selected, make up the placed bet. A ‘single’ bet is simply a bet placed on one specific outcome to occur. Each bet placed is contingent only on the individual outcome bet on. Return is the amount that is returned to you on a placed wager following settlement and results being known.
You place a wager on whether the total score between the two teams will be higher or lower than the total offered. Learning how to read odds like these and predicting what games will be high scoring are crucial skills as a sports bettor. To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake and the $220 profit. Meanwhile, the odds for underdogs are accompanied by a positive (+) sign, indicating the amount won for every $100 staked. In both cases, you get your initial wager back, in addition to the amount won.
Generally, the shifts are pretty slight, such as one side rising to -115 with the other side dropping to -105. The run line is very different from a spread bet in that respect. There can be much larger gaps between the odds on both sides. A plus or minus sign and a fractional or whole single or two-digit number usually denotes a handicap bet. Either bet can also be wagered during a given halftime or single quarter. For one football game, you could conceivably bet the over/under on seven different occasions .
For instance, if you see Dallas Cowboys +7, you are betting on whether or not the Cowboys will win their game by more than 7 points. Betting odds are a measure of how likely or unlikely a sportsbook finds an event to be. The more likely an outcome is, the less you can make wagering on that outcome. Conversely, betting on the less likely outcome correctly pays much better. Illinois passed sports betting legislature June 2019 and launched at physical sportsbooks March 2020, becoming the 15th state to offer wagering. Indiana passed a bill to allow sports betting in 2019 and wagering started in October with online betting opening a couple months later.