What Does Plus 3 Mean In Betting

In most cases, the favorite will have negative moneyline odds and the underdog will have positive moneyline odds . However, if the teams are evenly matched, both teams can have a negative line at the same time (e.g. −110 −110 or −105 −115), due to house take. Odds of 4/1 would imply that the bettor stands to make a £400 profit on a £100 stake.

Once the final results have been tallied, the spread is factored in and winners can be determined. ‘Puck Line Bets’ or ‘Puckline Bets’ are the hockey equivalent of NFL point spread bets or NBA point spread bets. They are also similar to ‘Runline’ bets in baseball which we are going to address shortly. Even if you were to place a new bet on another NFL game and bet $110 and win $100, the bookmaker still gets to keep that additional $10 and end up ahead.

Point spreads are popular options in sports betting; they even the playing fields. A point spread is a bet on the margin of victory in a sporting event. This means bettors must win more than 50% of the time to break even. In fact, on point spread betting at -110, the breakeven point comes out to 52.38%. Check out this page for more math behind the vig in sports betting.

A $250 bet on the Celtics on the moneyline, meaning if they win the game by any margin the bet wins, would win $100 (plus a return of the original $250 bet). They aren’t as straight-forward as decimal or fractional odds. American odds are based around $100, but how they relate to $100 varies depending on whether the bet is favored or not. For favored bets, the bet odds will start with a negative number and they tell you how much you need to bet to win $100. If the odds are -110, a common number for a bet involving a spread, you would need to bet $110 to win $100.

Understand that fractions greater than one mean a team is an underdog. There are really two-types of betting, each of which are applied to different sports. For example, the Patriots are a 7-point favorite or Floyd Mayweather is a 5-to-1 favorite. In essence, you’ll either be making a bet “against the spread” or simply picking a winner with odds. Sometimes spreads are given in other low-scoring points but these are a special kind of odd specific to a sport.

Bettors wagering on the Bills needed them to win by 14 or more points to win their bets. Jets bettors needed New York to lose by under 13 points, or win the game. NFL spread betting is probably the most common and popular way to bet on football as it adds some excitement and better odds over just picking an outright winner. If you are new to betting the NFL altogether, be sure to check out our greatHow to Bet on the NFLguide.