![]() ![]() Now you need to stake $100 less ($450 vs $550) to win your $100 on the favorite, and backing the underdog no will win you $100 less ($350 vs $450). The belief is that odds of +450 are generous – so the sportsbook adjusts the line to -450 / +350. Lop-sided action suggests that the initial line is mis-priced – and that there’s value on offer.Īssume that at -550 / +450 a lot more action comes in on the underdog. The sharps, and perhaps some of the wider betting public, see value in backing the underdog. As such, the sportsbook also values their opinion, and watching where they bet is often a good sign of where the line can be tightened. Sharp bettors are professional, or expert sports bettors who over time have proven to be able to maintain winning track records. When a line is released, sharp bettors usually bet first. Let’s say the opening line prices the favourite at -550 and the underdog at +450.Ī bet on the favorite requires a $550 stake to win $100, while $100 on the dog wins $450. In an ideal world, from their point of view, money taken is equally split so that whatever is paid out is covered by the bets on the losing side of the market.Īnd because a sportsbook charges vig on all its bets, it will always make money. If there’s more action on one side of a market, there is a greater liability if the other side wins. Read all about point s Balancing the MarketĪ bookmaker’s opening line is never set in stone – and usually changes dependent mainly on the action (though it can be affected by other factors such as news, player updates, or maybe even changes in the weather).įor now though, let’s keep the focus on the action.īookmakers will always try to balance both sides of a market because that means they limit their potential liabilities to whichever side wins. When the odds are this wide, there seems little reason to risk so much for such a small return if you want to back the favourite, and in turn the likelihood of such a heavy underdog winning means it might feel like you were throwing money after bad.įor situations like this, sportsbooks created points spreads, to level the betting field and allow people to still back a clear underdog. ![]() Similarly, a massive underdog at +1500 would return your $100 bet with a whopping profit of $1,500. In the example above there is really not much in it as LA, at -155, are only slight favorites, and Minnesota, at +135, are only slight underdogs.īut if a team is heavily favoured to win, they may carry odds of -1500, requiring a $1,500 wager for a mere $100 return. The odds also indicate the extent to which one side is the favorite. Remember, a moneyline bet is a bet on the winner of an event. Your payout would be $235, consisting of your $100 stake and $135 in winnings.Ī $25 bet would return you $58.75, with winnings of $33.75 on your original wager. Your payout would be $255, consisting of your $155 stake and $100 in winnings.Ī $25 bet would return you $41.25, with winnings of $16.25 on top of your original wager.īacking Minnesota at +135 means a $100 bet would win you $135. On the flip side, you risk less than $100 to win $100 on the underdog.īacking Los Angeles at -155 means you have to bet $155 to win $100. ![]() The Timberwolves have the plus sign, which makes them… the underdog.īecause the favorite is more likely to win, you have to risk more than $100 to win $100. The Lakers have the minus sign, which makes them… the favorite. ![]() In the example used in the video above we have an NBA moneyline bet: Understanding that should help you get your head around the numbers. Moneyline odds, when expressed as American odds, always relate back to a value of $100.
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