Understanding Sports Odds
NCAA Football Betting Terms
Action: A bet of any kind.
ATS: Abbreviation for Above the Spread
Sports Betting Odds Explained In May of 2018, the supreme court struck down a federal law that bars gambling on football, basketball, baseball, and other sports in US states. This rule change gave states the go-ahead to legalize betting on sports. Betting Odds Explained. Having never been explained betting odds can be intimidating. They come in different formats, and sometimes seem to work counter-intuitively. You can trust our team of experts. We have put together all the key information about how odds work and how to read their different formats. We know that finding the best sports. This is a very common occurrence in sports betting and sportsbooks have the full right to shift the spread or odds for any given match prior to its start. Many factors can influence a change of the spread such as injuries, the number of bets coming in for either team or the weather, to name a few. Sports Betting Odds Explained Many people don't know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below. American Style Sports Betting Odds.
Back-door Cover: This term refers to meaningless points scored late in the game by the underdog team to cover the spread.
Book: A sportsbook or a betting establishment that offers odds and accepts wagers.
Bookie: A person (or establishment) that takes bets on the outcome of sporting events.
Cover: If you beat the spread by the required number of points, you've ‘covered' the spread.
Edge: This is the advantage in any wager.
Favorite: This is the team that is expected to win.
Front-door Cover: This is the opposite of Back-door cover. It is used in reference to the favored team scoring meaningless points late in the game to cover the spread.
Futures bet: This refers to placing a bet on any future event in the season. For example, putting down a bet early in the football season for who will win a bowl game.
Handicapper: This is a person who studies and rates sporting events.
Handicapping: This is when someone tries to predict the outcome of any given game.
Home field advantage: The edge a team is supposed to have when they play on their home field. Since the home field is a familiar turf and in front of the home crowd, teams are expected to perform better than they would if they were travelling thus giving them an edge.
Hook: This is a half point added to football odds.
Line: This is the odds, points, money line, or point spread offered on football games.
Linemaker: This is someone that sets the odds, points, money lines, or point spreads for football games.
Lock: This term is used to refer to an easy win.
Longshot: This is a term used to refer to an extreme underdog.
Moneyline: This refers to the amount of money a player must wager in order to win $100, or the amount of money a player wins if they put $100 on the underdog.
Oddsmaker: This is another term for the Linemaker. It is the person who sets the odds, moneyline, or point spread for football games.
Over/Under Bets: This refers to a bet on whether the combined total of the points scored by both teams will be more or less than a set number.
Overlay: This is a term to refer to odds that are higher than they should be. These odds favor the bettor not the house.
Parlay: This is a wager on two or more teams or outcomes where the selections must win in order for the bettor to win.
Past performance: This refers to any given team's results in past seasons. This is particularly important when betting on NCAA football.
Player: This is a term that refers to any person that puts down a bet on any given sports event.
Point Spread: Best way to win blackjack. This is a number of points given to the underdog by the Linemaker in order to handicap the favorite. It can also be thought of in terms of the scoring differential between the two teams. The point spread is used to even the playing field.
Proposition Bet or Props: This is a bet placed on a specific aspect of the game, such as who will score first or how long the longest touch down pass will be.
Soft line: This refers to a line that has been adjusted because of the result of an action. It is not the true posted line.
Underdog: This is a term that refers to the team that is expected to lose.
Underlay: This is a term that refers to odds that lower than they should be. These odds favor the house and not the bettor.
While not as popular as betting against the point spread in sports gambling, betting the 'over/under' isn't that far behind. Sometimes you may see this as O/U, over-under, over under or simply referred to as 'the over' or 'the under.'
What does over under mean in betting?
Simply stated, it is the total of the points scored by both teams. While all sports employ an over/under betting option, by far the most money wagered on this bet is in football and basketball. Sports like baseball and hockey offer over/under options, but the vast majority of bets on those sports in based on the established 'money line' to pick a winner at a set price.
Unlike a point spread bet in which you are aligning yourself with one team, you're betting on both teams – either their offenses or the defenses – when betting the over/under. Sports books set over/under scores on games based upon numerous factors.
In the NFL, most over/under scores are set in the low-to-mid 40s.In college football, over/under scores are usually in the high-40 to low 50s – in the Big 12, the land that defense forgot, it can hit the 60s.In the NBA, a typical over/under tends to hover in the 210 range. In college basketball, a standard over/under is between 140 and 155.The hidden factors that come into play in determining a point spread vary by sport, but have common themes. Recent team history is a primary factor that sports books like to exploit. Sports by their nature are a reflective business based on developing trends from previous games ('getting on a roll') and, if a football team has scored 40-plus points in three straight games, the over/under is going to be higher because sports bettors tend to believe that trends are going to continue. It's human nature…until they don't.
Sports Betting Odds Explained
If a critical player – a quarterback in football or a dominant scorer in basketball – is out or playing injured, the over/under will drop.
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Gambling Odds Explained
Other factors critical in setting the over/under number include weather (where applicable), an undefinable history between teams (you know Steelers-Ravens games are going to be physical bloodbaths) and injuries that may not jump out to casual fans that mean a lot sports books are all factors that go into creating and setting an over/under line that will draw an even number of fans to both sides of the number.
The key to betting the over/under is to look at a slate of games without knowing what the over/under is and set what you believe it should be based on your knowledge of those two teams. The ones that differ the most from what you think should be are the ones to place your bets on.
Point Spread: Best way to win blackjack. This is a number of points given to the underdog by the Linemaker in order to handicap the favorite. It can also be thought of in terms of the scoring differential between the two teams. The point spread is used to even the playing field.
Proposition Bet or Props: This is a bet placed on a specific aspect of the game, such as who will score first or how long the longest touch down pass will be.
Soft line: This refers to a line that has been adjusted because of the result of an action. It is not the true posted line.
Underdog: This is a term that refers to the team that is expected to lose.
Underlay: This is a term that refers to odds that lower than they should be. These odds favor the house and not the bettor.
While not as popular as betting against the point spread in sports gambling, betting the 'over/under' isn't that far behind. Sometimes you may see this as O/U, over-under, over under or simply referred to as 'the over' or 'the under.'
What does over under mean in betting?
Simply stated, it is the total of the points scored by both teams. While all sports employ an over/under betting option, by far the most money wagered on this bet is in football and basketball. Sports like baseball and hockey offer over/under options, but the vast majority of bets on those sports in based on the established 'money line' to pick a winner at a set price.
Unlike a point spread bet in which you are aligning yourself with one team, you're betting on both teams – either their offenses or the defenses – when betting the over/under. Sports books set over/under scores on games based upon numerous factors.
In the NFL, most over/under scores are set in the low-to-mid 40s.In college football, over/under scores are usually in the high-40 to low 50s – in the Big 12, the land that defense forgot, it can hit the 60s.In the NBA, a typical over/under tends to hover in the 210 range. In college basketball, a standard over/under is between 140 and 155.The hidden factors that come into play in determining a point spread vary by sport, but have common themes. Recent team history is a primary factor that sports books like to exploit. Sports by their nature are a reflective business based on developing trends from previous games ('getting on a roll') and, if a football team has scored 40-plus points in three straight games, the over/under is going to be higher because sports bettors tend to believe that trends are going to continue. It's human nature…until they don't.
Sports Betting Odds Explained
If a critical player – a quarterback in football or a dominant scorer in basketball – is out or playing injured, the over/under will drop.
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Gambling Odds Explained
Other factors critical in setting the over/under number include weather (where applicable), an undefinable history between teams (you know Steelers-Ravens games are going to be physical bloodbaths) and injuries that may not jump out to casual fans that mean a lot sports books are all factors that go into creating and setting an over/under line that will draw an even number of fans to both sides of the number.
The key to betting the over/under is to look at a slate of games without knowing what the over/under is and set what you believe it should be based on your knowledge of those two teams. The ones that differ the most from what you think should be are the ones to place your bets on.
One final note that has been a mantra of those who bet the over/under with some consistency – every game is under until it goes over.
Sports Gambling Odds Explained Against
If you're new to sports betting, start with picking and choosing games you're convinced should go under and get an understanding of how late-game fireworks can botch your plans.
