There is a lot of money to be made wagering on basketball, whether or college or pro, but in order to stand a chance of breaking even you have to know what you are doing first.
Basketball Bets
Like basketball bet scores are typically very high because of the scoring system. This means that betting the spread in basketball is the most popular way to wager.
On a spread bet, the person placing the wager wins if their team "covers" the spread. This means that the team either wins by the number of points specified, or loses by less than the number of points specified. Here's a look.
San Antonio Spurs -8
New York Knicks +8
Betting on the Spurs to cover the spread means that they have to win by more than eight points to collect. If they win by exactly 8 points, it is a "push". Your bet will be returned, but you will not win any extra money. If the Spurs win by only 7 points, they win the game but fail to cover the spread. In that case, you lose the money you wagered and those who bet on the Knicks collect.
Betting on point spreads can be a little bit tricky, so those new to sports betting might favor the money line instead. This is a bet on a team to win the game outright, and it does not matter how many points they win by.
In a money line bet, more money must be placed on the favorite team. As an example, in order to win $100 on a favorite, you would have to bet $120. On the other hand, if you wanted to bet on the underdog, you stand to win more money. For every $100 you bet on an underdog, you could win $130. Let's take a look at how this would appear on "the books":
San Antonio Spurs -120
New York Knicks +130
The favorite is always indicated by a minus sign, whether betting the spread or the line.
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