The Patriots were 7 ½-point favorites against the Philadelphia Eagles, but -265 to win the game on t

After learning about betting point spreads, Emily wanted to find out how to gamble on her favorite sport: Tennis. There are no point spreads in tennis and other individual sports like boxing and NASCAR because holiday inn sunspree clearwater there is no meaningful way to measure how much a player wins or loses by. In these sports all that really matters holiday inn sunspree clearwater is who wins and loses, and that s where money line wagering comes into play. Nascar Betting Las Vegas
Oddsmakers set the money line so that more money must be risked on the favorite (the expected winner) and less money on the underdog in an effort to balance holiday inn sunspree clearwater the willingness of bettors to back the respective sides of a contest.
For example, Emily s favorite tennis player Serena Williams wins a majority of her matches. holiday inn sunspree clearwater The money line between Serena and her opponent, let s say the 102nd-ranked player in the world, would not be even for this very reason. Sportsbooks would make bettors wager significantly more money on Serena holiday inn sunspree clearwater than her opponent because of the disproportionate likelihood holiday inn sunspree clearwater of Serena winning holiday inn sunspree clearwater the match.
Keep in mind that sportsbooks only make a commission (also known as juice or vigorish) when the favorite loses. So if Serena were to lose that match, the book pays off $ 360 to underdog bettors while collecting $ 400 from favorite bettors, for a $ 40 profit. Nascar Betting Las Vegas
If Serena wins as expected, favorite bettors collect $ 100 while dog bettors lose $ 100 resulting in zero profit for the bookmaker. The bigger the favorite, the less likely the underdog will win (and the less likely the book will collect their commission). To compensate for making a profit less often, the offshore sportsbook increases the spread between the favorite s lay price and the underdog s payoff, making their commission bigger when the longshot underdog does win.
When the Bulls were rolling with Michael Jordan it wouldn t be unusual for a NBA 1st round playoff series holiday inn sunspree clearwater to be priced: Bulls -1400 / Overmatched holiday inn sunspree clearwater Opponent +900. In such cases the books would collect their commission only the rare times that the underdog won; but when they did that commission would be quite large.
Besides sports like NASCAR and golf, where the margin of victory doesn t really matter, the money line is also the standard way to bet MLB. If a point spread were used with baseball, the smallest amount a line could be moved would be a ½ run, which would be much more significant than a ½-point move in basketball or football. holiday inn sunspree clearwater Using a point spread in baseball would not allow an evening of the action with the necessary precision, so a money line is used.
Money lines are offered on football and basketball too, both college and pro. The money line is another option in those sports for bettors who choose to focus upon picking winners without regard for the point spread. If Emily would have known about money lines sooner, she might have placed holiday inn sunspree clearwater a money line bet on her favorite NFL team the New England Patriots to win Super Bowl XXXIX.
The Patriots were 7 ½-point holiday inn sunspree clearwater favorites against the Philadelphia Eagles, but -265 to win the game on the money line. Emily could have wagered $ 265 to win $ 100 on the Patriots. holiday inn sunspree clearwater The Pats won 24-21, failing to cover the spread, but winning on the money line. Now Emily knows there s choices other than point spread betting, and she ll be ready for next season. Hopefully, so will you. Nascar Betting Las Vegas