What Do All the Numbers Men in Sports Betting Mean?

If you’ve ever wondered what all those numbers mean when you’re watching a sports game, you’re not alone. In this blog post, we’ll explain what they mean and how they’re used in sports betting.

Checkout this video:

Moneyline

The Moneyline is the amount of money that you need to bet in order to win $100. For example, if theMoneyline on a game is -110, that means you need to bet $110 in order to win $100. If the Moneyline is +230,that means that if you bet $100, you will win $230.

Spread

Most sports bettors are familiar with the point spread, which is the most common way to bet on football and basketball. In a point spread bet, the sportsbook will set a number of points that the favored team must win by in order for bettors to win their wager. For example, if the New England Patriots are favored by 7 points over the New York Jets, then the Patriots must win by more than 7 points for bettors who picked them to cover the spread to win their bets. Conversely, if you bet on the Jets +7, then you only need the Jets to either lose by less than 7 points or win outright for you to cash in your bet.

Over/Under

In sports betting, “over/under” bets are common. They involve betting on whether the total number of points or goals scored in a game will be above or below a certain number. The “over/under” bet is not related to which team will win the game, but rather to the combined final score of both teams.

The over/under for Super Bowl LIII was set at 56.5 points, meaning that if you bet the over, you were betting that the total points scored in the game would be 57 or more. If you bet the under, you were betting that the total points scored would be 56 or less. The New England Patriots and Los Angeles Rams scored a combined 16 points in the game, so if you bet the under, you would have won your bet.

Parlay

A parlay is a single bet that links together two or more wagers; if any of the wagers lose, the entire parlay loses. For example, a common 2-team parlay might have a payout like this:

If you bet $100 on the parlay and both bets win, you would receive $360 back, for a total profit of $260.

Teaser

A teaser is a type of bet that allows you to adjust the point spread or totals line in your favor. For example, let’s say the New England Patriots are playing the Buffalo Bills and are listed as 7-point favorites. If you bet on the Patriots as part of a teaser, you might get them at -1.5 instead.

Futures

One of the most common types of sports bets is the football futures bet. With this type of bet, you are essentially betting on which team will win a specific championship at the end of the season. For example, you might place a bet on which team will win the Super Bowl or which team will win the College Football Playoff National Championship.

The odds for these kinds of bets are usually set months in advance, and they can change as the season goes on. For example, if a team that was not expected to do well gets off to a hot start, their odds might improve. Or if a team that was expected to do well suffers some key injuries, their odds might get worse.

Football futures bets can be made on any kind of championship, from the NFL to NCAA to even high school football.

Prop Bets

Proposition bets, or “prop bets,” are wagers made on the occurrence or non-occurrence of certain player milestones, game events, or disciplinary actions during the course of a game. In football and basketball, common prop bets include betting on whether a certain player will score more or less than a predetermined number of points, whether two players will combine for more or less than a predetermined number of points, or whether a team will make more or less than a predetermined number of free throws.

In-Play Betting

In-play betting is a type of wagering that allows bettors to place their bets after the game or match has already started. This type of betting is becoming increasingly popular among sports fans as it allows them to place their bets while they are watching the game, and it also allows them to see how the teams are performing before they make their final decision.

The most common types of bets that are placed during in-play betting are live moneyline bets, live spread bets, and live total bets. Live moneyline bets are simply wagers on which team will win the game outright, while live spread bets involve taking the points spread into account when placing your bet. Live total bets are wagers on whether the final score of the game will go over or under a certain amount.

In order to place an in-play bet, you will need to find a sportsbook that offers this type of betting. Many online sportsbooks now offer in-play betting, so you should have no trouble finding one that suits your needs. Once you have found a sportsbook that offers in-play betting, you will need to create an account and deposit some money into it. Once you have done this, you will be able to start placing your bets.

Bankroll Management

In sports betting, your bankroll is the amount of money you have set aside specifically for wagering. Different bettors have different bankroll management strategies, but the general idea is to only bet a small percentage of your overall bankroll on each individual bet. This ensures that you can stay in the game even if you have a losing streak, and it also allows you to take advantage of lucrative opportunities when they arise.

There are a number of different ways to calculate what percentage of your bankroll to bet on each wager. One popular method is known as the Kelly Criterion, named after famed gambler and statistician John L. Kelly. The Kelly Criterion takes into account both the expected value of a bet and the variance of that bet. While it’s a bit too complicated to go into here, suffice it to say that the Kelly Criterion can help you find the optimal size for each individual wager.

Of course, every bettor is different, and there is no one perfect way to manage your bankroll. The important thing is to develop a system that works for you and stick to it. No matter how well you handicap the games, there will always be ups and downs in sports betting. Having a solid bankroll management strategy in place will help ensure that you come out ahead in the long run.

Betting Systems

Betting systems are rules that you follow when placing a bet. They can be as simple as deciding how much you want to bet on each game, or they can be more complicated systems that involve doing extensive research on the teams involved. There are many different betting systems out there, and it’s up to you to decide which one (if any) is right for you.

One of the most popular betting systems is the Martingale system, which suggests that you double your bet after every loss. This way, when you eventually win, you will recoup all of your previous losses and end up ahead. The downside to this system is that it requires a large bankroll to be successful, and it can be very risky if you hit a long losing streak.

Another popular system is the Fibonacci system, which uses a sequence of numbers to determine how much to bet. The idea behind this system is that you will recoup your losses and end up ahead if you keep doubling your bet after a loss. However, this system also requires a large bankroll and can be very risky if you hit a long losing streak.

The best way to find a betting system that works for you is to experiment with different ones and see which one gives you the best results. There is no perfect system out there, and what works for one person may not work for another. The important thing is to find a system that helps you win more than you lose in the long run.

Scroll to Top