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Reading sports betting lines can be confusing at first because they look backwards. The favorite to win will have a minus sign (-), and the underdog will have a plus sign (+). Essentially what that mean is if you bet the negative money line you will win less than your bet. If you bet the positive money line you will win less than your bet. The money line and the point spread are the most common betting linesInstructions
Sports betting lines are made by the oddsmakers (not bookmakers) by analyzing team's performances in the past as well as other variables like player injury reports, home field advantage, and even the weather which might affect the games outcome. Betting trends, statistics, and patterns is how the oddsmakers form the betting line. Nearly every aspect from the time of the game to location to distractions is used to estimate how a team will perform. Some sportsbooks have their own oddsmakers but most use a single organization called Las Vegas Sports Consultants. They set the initial odds and betting lines for nearly all sportsbooks in Nevada as well as licensed bookmakers in Europe
From the time the initial betting lines are released up until the time of the game, the lines are adjusted many times. There are two reason for this. One is that the weather and injury reports change daily. The other is that sportsbooks work on commission, called 'juice'. They would love to have the same number of bettors on both sides of the line so that the losers will actually end up paying the winners. If there are too many bettors on one side of the betting line it will shift. It greatly resembles the Stock Market in that it will have ups and downs and the odds will change without any real change in the teams stats. Ask yourself, Is the betting line shifting because of weather or an injury or, is it changing because of too many bettors on one side of the line and the sportsbook is starting to get afraid of having to use it own commissions to payout. This is when your own expertise and knowledge of that sport comes into play.
Reading sports betting lines can be confusing at first because they look backwards. The favorite to win will have a minus sign (-), and the underdog will have a plus sign (+). Essentially what that mean is if you bet the negative money line you will win more than your bet. If you bet the positive money line you will win less than your bet. The money line and the point spread are the most common betting lines
Team_____Line___Total___Money Line
Raiders___-6_____30_______-110
Colt______+6_______________+91
Raiders___-6_____30_______-110
Colt______+6_______________+91
The number at the end column is your money line and it shows how much you would have to bet to win $100. To win $100 on the Raiders you would have to bet $110, plus the return of your wager. But, to win $100 on the Colts, you would only need to bet $91. Of course you don't have to bet $100, the money line just show the percentage of the payout.
The Point Spread is a way for the oddsmakers to even up the match between two teams. In the example above the Raiders are expected to win by six points, as you can see by the minus sign in the 'line' column. If you bet on the Raiders then they would have to win by seven points. This is 'covering the spread'. If they do not cover the point spread, which is only winning by five or less, then you lose the bet. If the game ends with a six point difference then, as far as betting is concerned, it is a draw and your bet is returned.
The Point Spread is a way for the oddsmakers to even up the match between two teams. In the example above the Raiders are expected to win by six points, as you can see by the minus sign in the 'line' column. If you bet on the Raiders then they would have to win by seven points. This is 'covering the spread'. If they do not cover the point spread, which is only winning by five or less, then you lose the bet. If the game ends with a six point difference then, as far as betting is concerned, it is a draw and your bet is returned.
If you bet on the Colts, then there are three ways to win. If they manage to win at all, if they lose by fewer than six or if it's a tie game. Again, the point spread may change depending on the number of bettors on one side of the betting line. It could go up to nine, then the Raiders would have to win by more than nine and the Colts just need to finish within eight.
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