Super Bowl betting odds explained
Super bowl betting tip 1: Always look for the best value. If one sportsbook is offering -110 odds on the bet and the other sportsbook is offering -105, then always take the -105. Simple, isnít it? Though Super Bowl betting odds may seem complex, there are actually just few simple types of bet you can place.
Football is one of the most popular sports in the United States and all across the world. Many individuals love watching it, some enjoys playing it, and many others are getting involved in the whole industry behind it- coaches, managers, scouts, team owners, stadium administrators or ticket sales representatives. All these people are waiting to one particular event that happens once in a year- the†Super Bowl. Furthermore, the Super Bowl also attracts many sports bettors. This sports bettor comes with different strategies in which they include the sports odds and the NFL lines. Their goal is to guess the sports scores for the†Super bowl.
Many believe that the Super Bowl betting odds are the most confusing things ever created. Sounds bad, isnít it? But this is really not the fact, if you understand them well pretty sure that you can bend and manipulate the sportsbooks into paying you a handsome wage by placing good value, well researched bets. Though Super Bowl betting odds may seem complex, there are actually just few simple types of bet you can place.
The Point Spread
The Point spread id the most commonly used type of betting. In this bet, you will have to choose which team you think will win, and how much they'll win by. If they win at least that much, you win the bet. Or, you can pick the losing team, and specify how close they'll be to the winner. If they are within the margin you choose, you win the bet. The favorite is indicated by a negative sign next to their name while positive sign for the underdog. For example, in 2010 the Indianapolis Colts were the favorites over the New Orleans Saints by a 6.5 point spread. If you bet on the Colts, they had to win by 7 points in order to win the bet. If the Colts won by 6 or less, the bettor who bet on the Saints won the bet.
The Money Line
The easiest way to explain the money line is betting on the team you think will win. Thatís it! No point spread or handicapping. The downside of betting on this type is that, if you place your bet to a favored team to win, less money you get if you win your bet. But placing bet to underdog may provide you more money when your bet wins. Logically, your bets are paid out in terms of the risk you take. The more risk, the more you stand the win.
How to read the Super Bowl betting odds
The most common format is the money line format where numbers are written as greater than 100 or less than 100. If you see a positive ď+Ē sign behind the team names, it means the underdog. And that shows the amount you will get if you place bet in underdog and win. For example, +300, you will receive $300 if you bet $100 and won the bet. These bet is quite risky since the chance of them winning are lower. While the number with a ď-ď in front of it, represents the favourite, and shows the amount you have to wager to win $100. For example, a -300 would mean you have to bet $300 to win $100 income. Since the chances of them winning are greater, this type of bets has a small risk/ reward.
Now that you clearly understand the type of bets such as the point spread and money line, and now able to read the Super Bowl betting odds, itís time to place your bets! Have fun!
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ABOUT THE AUTHOR
Superbowl†Sunday is one of the most anticipated sports event around the globe. And every year, the number of Superbowl bettors are growing. Sportsbook.ag is the place to be for this year's Superbowl betting event. We've got all the action covered for you. Check our live†superbowl betting odds†and lines too.