Football betting explained

You can cut your vig in half and save a lot over time. The bookie, of course, knows this. People are going to bet on teams like the Patriots, Packers, or the Giants--those teams have a big national following. The bookie might give a point-spread of lesser value to those teams than he would with a team like the Jacksonville Jaguars, where it takes more to entice people to bet.

The point is that there can be a lot of value found on teams that are not considered to be very good. Being a fan and a football bettor are two different things. You have to find which teams are getting point-spreads that are out-of-line, meaning they are being undervalued. You will hear a lot of people trying to give you tips, but be careful whose advice you take to heart. As a betting man, you have a completely different set of concerns than the guy at work or the talking head on ESPN.

Stephen A. Smith and Skip Bayless might know sports, but they know how to bet on sports the same way you know how to play the french horn. In football betting, the main enemies are ourselves and the almighty juice vig. Control and discipline is key. That means we all need to have a stoic single-mindedness on the long-run and never be thrown off-center, regardless of what temporary setbacks befall us. Too many people who get involved with football betting fail because they allow temporary problems to become permanent ones.

With vig, we have a choice. Those of us who had bet on a line on college and pro football for years before finding a line are still kicking ourselves over it. Handle — The total amount of bets taken. Hold — The percentage the house wins. Line — The current odds or pointspread on a particular event. Listed pitchers — A baseball bet placed only if both of the pitchers scheduled to start a game actually start. Longshot — A team perceived to be unlikely to win.

Middle — To win both sides of a game; wagering on the underdog at one pointspread and the favorite at a different pointspread and winning both sides. Money line — Odds expressed in terms of money. No action — A wager in which no money is lost or won and the original bet amount is refunded. Off the board — A game in which no bets are being accepted. Opening line— The earliest line posted for a particular sporting event. Over — A sports bet in which the player wagers that the combined point total of two teams will be more than a specified total.

Parlay — A single bet that links together two or more wagers; to win the bet, the player must win all the wagers in the parlay. If the player loses one wager, the player loses the entire bet. However, if he wins all the wagers in the parlay, the player wins a higher payoff than if the player had placed the bets separately.

Prop Proposition Bet — A bet that focuses on the outcome of events within a given game. Round Robin — A series of parlays. Run line — In baseball, a spread used instead of the money line. Sides — The two teams playing; the underdog and the favorite. Sportsbook — A physical location that accepts sports bets. Straight bet — An individual wager on a game or event that will be determined by a pointspread or money line Straight-up — Winning the game without any regard to the pointspread; a money-line bet.

Take the points — Betting the underdog and receiving its advantage in the pointspread. Take the price — Betting the underdog and accepting money odds. Teaser — A type of parlay in which the pointspread or total of each individual play is adjusted. The price of moving the pointspread teasing is lower payoff odds on winning wagers.

Total — The combined amount of runs, points or goals scored by both teams during the game, including overtime. Under — The player bets that the total points scored by two teams will be less than a certain figure. Underdog — The team perceived to be most likely to lose.

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The flipside of this includes any number less than one, as represented by a fraction. The closer or lower the fraction to zero, the lower the payout is, while the higher above one, the higher the payout is. Decimal Odds — Europe Decimal odds are perhaps the most complicated money line format.

The easiest starting point for decimal odds is to compare them to fractional odds. Decimal odds are the fractional odd, represented in a whole number, plus one. Even money in fractional odds is 2. Thus, the higher above two a fractional odd is, the higher the payout becomes. Odds with lower payouts than what is risked fall between 2. Football Betting Odds Online Every online sportsbook offers money lines for a huge variety of bets.

Football betting odds online can be a great way to place safe bets or find games with lucrative odds. American odds tend to be the standard setting for online sportsbooks, but football betting odds can be displayed in any of the three ways. The Asian Handicap also known as Hang Cheng eliminates the possibility of a tie result, which greatly increases the chances of bettors profiting.

Bank Bet Banker bets are bets on hot favourites and therefore are expected to bring some profit. In systematic betting, the banker is a choice that must win to guarantee a return. Offers higher returns than singles and better chances of winning than cascading accumulators, doubles, or simple doubles, used by a large number of sports bettors today.

Double Chance Bet Double chance betting is usually deployed by bettors who like to support the loser, and its main feature is that it covers two out of three possible outcomes. By getting a double chance on a team, you will win the same amount of money if your team wins or if they tie, meaning that only the team you support will lose if the team you support loses. If a bettor backs a team in a tie no-bet market, his bet will win if his team wins, and in the event of a tie, the full bet will be refunded.

Dutch Dutching is a betting system used to cover multiple competitors in an event, ensuring that each of these bets guarantees the same profit while eliminating major losers. This is most often used in horse racing, when bettors are betting on a horse to win or position usually top 3. In European Handicap, one of the two teams has the advantage before the game, but there are still three possible outcomes — home win, draw and away win.

Players only need to win all other bets with odd odds or higher to stay green, so betting on even odds can be a safe way to make steady profits exact or perfect Exact or perfect, usually used in horse racing, where the punter must correctly choose the order of first and second place.

Fixed Odds Betting Fixed odds betting is the process of placing bets on pre-determined odds, which means you know exactly how much money you can make when you place your bet. No matter how much the odds fluctuate after you place your bet, your potential return will not change. Prediction betting is usually taken as a direct bet on the outcome of a football match, where bettors usually predict that two teams will finish first and second respectively in a major league or competition.

The logic is that in the end the bet will win, and in addition to winning, the lost money will also be earned back. Outright betting is usually placed before the start of the season, but can be placed even during the game.

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