Super Bowl betting odds explained
The United States is home to one of the most loved sports, football. It is a popular sport that many people enjoy watching, others love playing it and many others are involved in its industry. These include coaches, managers, scouts team owners, stadium administrators, ticket sales representatives, ticket sellers, ticket agents, and stadium administrators. 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, isn't it? This is not true. If you are able to understand the rules, you will be able to manipulate the sportsbooks to pay you handsome wages by placing well-researched, high value 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. You win the bet if they fall within your chosen margin. The favorite is indicated by a negative sign next to their name while positive sign for the underdog. In 2010, the Indianapolis Colts won by 6.5 points over the New Orleans Saints. 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. That's it! No point spread or handicapping. This type of betting has a downside. http://hartingtongolf.com/facts-about-speedball-lottery-games/ If you bet on a favorite team to win, you will get less money if your bet wins. But placing bet to underdog may provide you more money when your bet wins. Your bets will pay out based on the amount of risk you take. You have a better chance of winning if you take more risk.
How to interpret the Super Bowl betting odds
The money line format is the most popular. Numbers are written in numbers greater than 100 and less than 100. If you see a positive "+" 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. If you place a $100 bet and win the bet, you'll get $300. These bet is quite risky since the chance of them winning are lower. The number with the "-" before it represents the favorite and the amount of money you must wager to win $100. To win $100, you would need to place $300 bets. Since the chances of them winning are greater, this type of bets has a small risk/ reward.
You now have a good understanding of the types of bets, such as the money line and point spread, so it is time to place your wagers. Have fun