You have to place a bet as to whether or not the teams combined will score below or above that number. The basic premise is that you need your betting team to either cover the spread, or underperform. In the same example, if you think the Packers will win but won’t cover the spread, put money down on them to do so. If the Packers win by less than 5 points, you will win money. And that’s valuable because you can identify where your strengths and weaknesses are as you start betting. Do you thrive when taking player props or over/unders?
- There’s also a super easy equation you can use to convert decimal odds to implied probability.
- On this page, you have access to the vast type of bets that William Hill offers in our Sportsbooks and on the Nevada Mobile Sports app.
- If the point spread seems way too high (-8.5) it is best to place your money down on the point spread.
- Using the same Packers-Lions game, Michigan sportsbooks will post the Packers (-7) as a 7-point favorite over the Lions (+7).
- You won’t lose your entire bankroll when doing poorly, and you could get a positive return on investment when doing well.
- Your wager must be placed during the promotion period and the bonus will be issued upon bet settlement.
Let’s use an example to help get a better understanding. Player A has decimal odds of 4.50, fractional odds of 8/2, moneyline odds of +350, and an implied probability of 17.1%.
There’s no match for the convenience of betting with an online and mobile sportsbook. As long as you have internet access, you can bet anywhere from inside state lines. For football and basketball, spreads can range from the low single digits up to double-digit numbers.
How to bet on football
If the length of a tournament is shortened (i.e. if the last round is canceled due to weather), all wagers placed after the final round that was played are void. Click here to get everything you need to bet on tennis. Click here to get everything you need to bet on the NHL. Click here to get everything you need to bet on the MLB. All outright wagers include playoffs where applicable. If a game gets called, the winner will be determined by the score after the last full inning completed.
The three types listed above are the most common wagers from beginners, but there are many other types of bets. This type of bet is popular with games like football and basketball and can be placed before the game or during the first half. Instead, it’s a bet on how many total points will be scored by both teams in various types of contests. Depending on the odds, you can bet over or under the number of the predicted total.
Placing a bet
Because of these differences, it’s important to understand how the odds work across different types of sports before you place a bet. Some sportsbooks may present slightly different odds for a particular game or match, and how those odds are displayed can differ from site to site. More advanced bet types include futures, props and parlays. We briefly mentioned point spreads in that last paragraph, but here’s some more information on how they differ from the moneyline.
Our recent guide about the best sports trading cards ever. We’ll explain everything you need to know, including how to read odds, and give you answers to some of the most frequently asked questions.
Don’t skim over them as they contain valuable information, including what they are liable for, and whether they can be sued. Read more about ufabet here. In this example, the Packers will have to beat the Bears by at least 6 points for people who bet on them to win. If the Packers beat the Bears by 5 points or less, people who bet on the Packers to cover the spread will lose money.
The potential profit for a Milwaukee win would be even higher because you could make a profit of $700 ($100 x (7/1)). With the initial stake of $100 returned, it would result in a total payout of $800. There’s also a super easy equation you can use to convert decimal odds to implied probability. This would mean that you’d get $140 if you bet $100 and your team wins.