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How Do Point Spreads And Over/Unders Work ?
If you ’ re in a department of state with legal on-line sports count, then you ’ ll probably be placing a bunch of point spreads and over/unders. Point spreads are bets on whether a team will win or lose by a certain number of points. Over/unders, or period total bets, are wagers on whether a certain number of points will be scored during a game .
There are exchangeable strategies behind successfully betting on these wagers. Bettors who are betting the over or the underdog should be looking for the highest count. They shouldn ’ t stake +2 when +2.5 is available elsewhere .
The opposite is truthful for under and front-runner bets. Bettors want the smallest number. thus, they should bet -2.5 rather of -2.
As constantly, the odds on those wagers should be arsenic high as possible. The standard odds on over/unders are -110 on each side. But those odds can change depending on the plot. so, bettors must constantly shop around for the best odds .
For example, here ’ mho how BetMGM compared to Circa Sportsbook on a fit of NHL puck lines in April 2022 :
| BetMGM Puck Line Odds | Circa Sportsbook Puck Line Odds | |
|---|---|---|
| Dallas Stars | +1.5 -175 | +1.5 -182 |
| Edmonton Oilers | -1.5 +145 | -1.5 +153 |
The puck telephone line is the lapp at both books. however, the odds on the Stars were better at BetMGM and the odds on the Oilers were better at Circa. That ’ s why it ’ s sol significant to shop around for odds .
Does BetMGM Have The Best Moneyline Odds?
Moneyline odds are bets on who ’ ll win the game. It ’ s a straightforward win/loss stake. Moneyline bet is a popular way to bet on MLB games. The big variation in moneyline odds across sportsbooks makes odds shopping specially important for moneyline bet. For example, hera ’ s a sample of moneyline odds from BetMGM, DraftKings, and FanDuel :
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| BetMGM | DraftKings | FanDuel | |
|---|---|---|---|
| Chicago White Sox | +110 | +110 | +110 |
| Cleveland Guardians | -135 | -130 | -130 |
All three books had the White Sox at +110. But DraftKings and FanDuel ’ second odds were five points better than BetMGM ’ mho. indeed, any of these books would ’ ve been beneficial places to bet on the White Sox. But the best odds on the favored were at DraftKings and FanDuel .
These are the kinds of comparisons bettors need to get used to doing if they want to improve their sports betting strategies .
How To Shop For The Best Futures Odds
Futures bets are wagers on major events that end the season. These include backing games, division winners, and award winners. When bettors are looking for sportsbooks to target futures bets at, they should consider a script ’ s theoretical hold .
The theoretical hold is how much money a book expects to keep after its bets cash in. Higher theoretical holds mean lower odds overall for bettors. Lower theoretical holds mean higher odds overall for bettors.
however, bettors still have to odds workshop across sportsbooks to find the best price on the team they ’ re putting money on. here ’ s an example from BetMGM and DraftKings futures on 2023 NFL futures :
| NFL Futures Theoretical Hold | Tampa Bay Buccaneers Odds | |
|---|---|---|
| BetMGM | 23.24% | +750 |
| DraftKings | 21.05% | +700 |
The theoretical harbor at these two books were about identical. BetMGM ’ s theoretical oblige was imperceptibly higher. But BetMGM had better odds on Tampa Bay than DraftKings does. ( For curious bettors, DraftKings had better odds on the Chiefs at +1,000. BetMGM had the Chiefs at +900. )
50 points on convinced odds is another $ 50 that bettors can win on a $ 100 count. Odds differences count in the hanker run, so bettors should get used to comparing odds across multiple books .
