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Futures, in-game, in-play, and prop betting offer even more ways to wager for bettors in the US. Brands like DraftKings Sportsbook and FanDuel Sportsbook each employ linemakers, tasked with setting the in-house odds and lines for all games.
US federal law allows individual states to legalize and regulate sports betting. As of July , 14 states legalized online sports wagering. Legal online sportsbooks offer a vast number of different ways to wager on sports.
Sports bettors have engaged in point spread and moneyline betting for decades, as these betting types represent some of the most time-honored and simple ways to bet.
Bettors have enjoyed parlay wagers throughout the entire history of sports betting. Parlays allow multiple wagers to be placed on the same ticket, with the parlay paying out only if all bets on the tickets win.
Parlays can generally involve any combination of different bet types, with winning tickets offering massive potential payouts. Futures bets allow wagering on a season-long event.
Moneyline bets represent the most straightforward kind of sports wager. This kind of wager tasks the bettor with simply picking the winning team in a sports contest.
Underdog teams pay out at better odds than favorites in a moneyline bet. This line sets the Orlando Magic as the favorite.
This line allows bettors to wager on whether the total score of the game will go over, or fall under The under bet pays slightly better than the over in this example.
Note that both the over and under lines represent a bet on the total score from both teams. The most popular bets at most sportsbooks are point spread bets.
These bets allow the bettor to choose the underdog plus points, or the favorite minus points. Instead of significantly better odds on the underdog, the point spread allows sportsbooks to set the favorite and underdog at relatively even odds.
Bettors can pick favored Orlando with six points deducted from its final point total, or underdog Brooklyn plus six points. A futures bet generally functions as a wager on a season-long event, rather than a single game.
These five teams represent some of the favorites to win the championship, but all 22 NBA teams still in the championship hunt are available for betting.
Futures market betting odds change as the season plays on, and the lines can alter drastically as the season comes into focus.
For example, if Mookie Betts leads the National League in multiple offensive categories with a few weeks left in the season, the odds on Betts winning the MVP will move closer to even money, or even beyond.
A prop bet short for proposition bet is a wager on an aspect of a game unrelated to which team wins. Examples of prop bets can include what player will lead a basketball game in scoring, or whether the total number of points in the game will end up as an odd or even number.
James was then a member of the Cleveland Cavaliers. Exotic prop bets can be fun but largely involve luck. Examples of exotic prop bets include predicting what team wins the Super Bowl coin toss, or the length of the National Anthem before the game.
In-game betting odds on moneyline, point spread, and prop bets flow dynamically based on what already happened in the game.
If the Patriots take a lead in the first quarter, however, a sportsbook could offer an in-game bet with the following line:. In-game betting odds generally update at each commercial break for a televised sports contest.
In-play betting, a subset of in-game betting, offers an even more dynamic betting experience, with odds changing every few seconds during live play.
In-game and in-play bets are offered as time-sensitive bets, which must be made within a certain time frame for the bettor to get the advertised odds.
DraftKings Sportsbook stands as one of the leading brands in the legal US online sports betting industry. Sports betting odds and lines for the same game often vary from one online sportsbook to another.
Skilled bettors own accounts at multiple online sportsbooks, and shop for the most favorable lines. A bettor looking to bet on the Houston Rockets to win the championship would find enormous value by line shopping.
Moneyline bets simply establish a favorite and an underdog for a game. Bettors choose which team they think will win, straight up, with no point spread.
Underdogs pay at better odds than favorites. To calculate the potential payouts of a moneyline bet, you must understand what the odds notations mean.
Multiplying this decimal number by the amount of the bet yields the total profit amount. For a line, dividing by yields 0.
Multiplying your bet amount by 0. Adding the point spread allows the sportsbook to put relatively even odds on the favorite and underdog.
Bettors can choose the Magic with six points taken off their final score, or the Nets with six points added to their final score.
Both choices pay the same odds. Bettors on Orlando wins if the Magic win by seven points or more. If Orlando wins by exactly six points, the bet is a push, and the wager is returned to the bettor.
If Orlando wins by five points or less, or if the Nets win the game outright, Brooklyn bettors win this point spread bet.
Bettors can wager that the game total will end either over or under a line set by the sportsbook. Like point spread bets, the over and under options generally pay relatively even odds.
For example:. The sportsbooks set the total at If the total goes over If the game score total finished under If the Nets win the game by a score of , for example, the total for the game is This total is under the European Football PSV.
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