Betting for Dummies, any insights?

http://en.wikipedia.org/wiki/Fixed-odds_betting

http://en.wikipedia.org/wiki/Spread_betting

http://olbg.com/ They have a nice school feature that covers lots of areas.

for total points does that mean just the 1 team? or total between them both

you never see a poor bookie.


so you're right

betting is for dummies

Using Betfair, you can be the bookie what with the opportunity to place Lay bets.

Normally refers to the points total for both teams. You referring to the Unders/Overs Betting Market?

Spread is with points added or subtracted

Supersbowl spread is something like Giants +3

So this means you get +3 points added to your total. So if giants score 27 points, and patriots score 29 you will win because with the +3 spread you have 30 points total.

Moneyline is just who u think will win straight up, no spread.

Total points is how many total points will the team score combined.

Total generally means total points for both teams (most sports include overtime but you should look at your books rules). Some books will provide separate team totals but they will specifically say team 1 total, team 2 total.

ie. the TOTAL for the superbowl game is 53 -110 (-110 means you are paying 10% vig, -125 means you are paying 25% juice, +110 means the book will give you 10% on your bet...etc)

so if you wanted to bet the OVER, the combined scores of both teams will have to = 54 points for you to win, 53 for you to "push" your bet.

You bet $110 and you will win $100.

ie. Spread betting
New England Patriots -3 -110 (they must win by at least 3 points and you are paying $110 to win 100)

New york giants +3 -110 (if giants win the game, or lose by 1 or 2 you will win your bet, if they lose by 3 you "push" and get your money back, lose by more than 3 and you lose your bet)


my examples are using american style odds.

Betfair.com for the win everytime. Wouldn't trust my money to anybody else.