View Full Version : new to sports betting
01-10-2007, 08:52 PM
Well, iam wanting to make a few bets on bodog. Thought it would interesting to try, BUT heres the kicker. I really dont understand it too much for example the +120 and stuff like that, i do however pretty much understand the over under stuff. Thanks for your help!
01-10-2007, 08:54 PM
In the case of Serena Williams versus an overmatched opponent, a reasonable money line would require Serena bettors to risk $400 to win $100; while a $100 bet on her opponent would win $360.
Here’s how the money line would be listed: Serena Williams -400 / #102 Ranked Opponent +360
Every $400 bet on Serena nets a $100 profit if she wins (plus the return of the $400 risked). If her opponent pulls off the upset, $100 bet on the underdog would profit $360 (plus the return of the $100 risked).
Keep in mind that sportsbooks only make a commission (also known as juice or vigorish) when the favorite loses. So if Serena were to lose that match, the book pays off $360 to underdog bettors while collecting $400 from favorite bettors, for a $40 profit.
If Serena wins as expected, favorite bettors collect $100 while dog bettors lose $100 – resulting in zero profit for the bookmaker. The bigger the favorite, the less likely the underdog will win (and the less likely the book will collect their commission). To compensate for making a profit less often, the offshore sportsbook increases the spread between the favorite’s lay price and the underdog’s payoff, making their commission bigger when the longshot underdog does win.
01-10-2007, 09:18 PM
01-10-2007, 09:22 PM
Always take the Chiefs and points. The more points the better.
vBulletin® v3.8.0, Copyright ©2000-2015, Jelsoft Enterprises Ltd.