Sports Betting 101

Posted : admin On 10.02.2021
  1. Sports Betting 101 Point Spread
  2. Sports Betting For Dummies
  3. Sports Betting Explained
  4. Football Sports Betting 101

As a fan, you don’t care if your team wins by a point or 100. A win is a win, though that 100-point win would be a little easier on the nerves.

Our Sports Gambling 101 series continues with a look at bankroll management. Why is it important and how do players benefit by properly managing betting funds? Sports Betting 101. We have over 10+ years experience making strategic picks to maximize YOUR money.

In sports betting, how much a team wins by is usually all that matters.

Sports Betting 101: Sharp bettors bet with data, not on teams they like To be a successful sports bettor, you must first change your mindset and forget everything you've come to know about sports. Sports Betting 101: How to Bet Many new bettors struggle with deciding on how to bet on sports. It’s an especially intimidating undertaking for bettors without a background in statistics.

The most popular way to bet for the two most popular sports, basketball and football, is with the point spread, also known as the “side.” Most baseball, hockey and soccer bets are on the moneyline, which is betting on a team to win straight up with adjusted odds. Football and basketball have moneyline bets available too, but most people will take the point spread.

The concept can be a bit confusing if you’ve never dabbled in sports betting before.

Why bet with the point spread?

The point spread was created to attract more action on a game. When the San Francisco 49ers are expected to blow out the Arizona Cardinals, it’s not enticing to lay $300 to win $100 on a moneyline. But when the 49ers are 11-point favorites and each side is -110 odds? That’s much easier.

In that example, the 49ers are spotting the Cardinals 11 points before the game starts, at least for bettors. The 49ers have to win by 12 or more points to cover the spread. If the Cardinals win or lose by 10 or less, that side wins the bet. If the game lands on 11, like a 21-10 49ers win, it’s a push and all bets are refunded. If you see a -11 that means that team is favored, and +11 means you’re taking the underdog.

Nothing sharpens your math skills better than trying to figure out how big your lead as a bettor is if you have a 22.5-point basketball underdog that is losing 90-72.

The problem with the point spread can be when a team — which really doesn’t care that you bet the favorite at -11 — has a 14-point lead but gives up a meaningless score at the end to win by only seven points. They’re still happy with the win. You, as a bettor, are not.

© Provided by Yahoo! Sports Sportsbooks have large boards that display point spreads for all games that day. (AP Photo/John Locher, File)

Point spreads lead to bad beats

The most infamous example of a bad beat with the point spread probably came in the 2004 Final Four at the NCAA men’s basketball tournament.

Duke was a 2.5-point underdog against UConn. The Huskies rallied late and took a 79-75 lead on a free throw with 3.2 seconds left. The game itself was over; Duke couldn’t score twice in a few seconds. But Duke guard Chris Duhon pulled up for a running 3-pointer just over the half-court line and banked it in at the buzzer. Duke lost 79-78, but bettors who had Duke and 2.5 points won. March Madness is a huge event for bettors, and reports at the time estimated that Duhon’s “meaningless” shot resulted in a $30 or $40 million swing in Nevada. UConn players celebrated at the final buzzer. UConn bettors doubled over in pain. That’s the difference between betting the moneyline and the point spread.

Baseball and hockey have point spreads too, the “run line” in baseball and “puck line” in hockey. It’s generally 1.5 with odds adjusting accordingly. Taking a big baseball favorite at -1.5 runs can make the odds more palatable. Of course, betting the New York Yankees at -1.5 to bring down the odds from -190 to -110 isn’t too fun when they win 4-3 and you don’t cash a bet.

Sports Betting 101 Point Spread

Betting

Betting on the point spread is the most common way to wager on sports. And the first time you take a favorite that wins the game but doesn’t cover the spread, you’ll understand every bettor’s heartbreak.

How to bet on sports and useful information

Are you new to the world of sports betting? Need some help cutting your teeth before getting into sports betting action?

You’ve come to the right place.

SportsBookWire’s betting and wagering 101 series is designed to give you the how-to information you need to know to make more educated bets. Before you can walk the walk, you’ll need to talk the talk. Use these handy reference sports betting pages to help build your knowledge base before making a sports bet.

Wager 101: Sports Betting Terms and Definitions

Common and not so common sports betting terms in the world of sports betting that you need to be familiar with. Do you know what “juice” is? How about what a “chalk” bet is? We’ve got your back.

What does chalk mean in sports betting?What is a sharp in sports betting?

Sports Betting and Wagers 101: Types of Bets

What’s an over/under bet? How about betting against the spread? We’ve got you covered on the most popular types of bets and what each type means.

What is a moneyline bet?What is a point spread or “betting the spread” in sports betting?What does over/under mean in sports betting?

Sports betting by State

Legal Colorado Sports Betting

Colorado legal sports betting: How to bet on the Denver Broncos for beginner bettors

Sports Betting and Wagers 101: What do odds lines mean in sports betting?

New to sports betting? You’re going to see a lot of things like -200, +137, etc. tied to sporting events. Here, we break down what those numbers mean to you.

What does -200 mean in sports betting?

Sports Bets ands Wagers 101: Important Sports Events (coming soon)

Want to have some action in some of the most popular sports events of the year? We’ve got you covered on a month-by-month basis in our important sports events of the year.

Wager 101: States you can legally place sports bets in (coming soon)

Wondering where you can place a legal sports bet? We break it down for you on a state-by-state basis.

Wager 101: March Madness and College Betting Strategy

What and When is Selection Sunday? – What and when is Selection Sunday? Hint: It’s what helps create March Madness. The rest can be found after the jump.

Betting 101: Tips for rookie/new sports bettors

Betting 101: Avoid these 8 common mistakes rookie sports bettors make

Wager 101: Baseball Betting Tips and Strategy

Using splits to better predict MLB betting upsets – A guide toward using split MLB statistics to help predict upsets in baseball games.

Sports Betting For Dummies

Betting 101: Horse Race Betting Tips and Strategy

Basic tips for betting on horses

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Sports Betting Explained

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Football Sports Betting 101

And be sure to check back often, as this area will continue to expand regularly.