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<h2 class="wp-block-heading"><strong>Where Is NASCAR Betting Legal</strong></h2>



<p>Legal NASCAR betting is growing more popular in several states, with the use of mobile apps and retail sportsbooks. Finding a place to bet on NASCAR online is easier than ever before. Since the Supreme Court ruling in May 2018, the market for sports betting has grown vastly. Many states have&nbsp; jumped on board quickly including Delaware, New Jersey, Mississippi, West Virginia, Pennsylvania, Rhode Island, New York, and Arkansas as they all launched some form of legal sports betting, not long after the PASPA was overturned</p>



<p><strong>As of today, The following states all have a legal and regulated sports betting industry, where you can wager on NASCAR:</strong></p>



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<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow">
<ul>
<li>Arizona</li>



<li>Arkansas</li>



<li>Colorado</li>



<li>Connecticut</li>



<li>Delaware</li>



<li>Illinois</li>



<li>Indiana</li>



<li>Iowa</li>
</ul>
</div>



<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow">
<ul>
<li>Michigan</li>



<li>Mississippi</li>



<li>Montana</li>



<li>Nevada</li>



<li>New Hampshire</li>



<li>New Jersey</li>



<li>New York</li>



<li>Ohio</li>



<li>Oregon</li>
</ul>
</div>



<div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow">
<ul>
<li>Pennsylvania</li>



<li>Rhode Island</li>



<li>Tennessee</li>



<li>Virginia</li>



<li>Washington DC</li>



<li>West Virginia</li>



<li>Louisiana</li>



<li>Maryland</li>



<li>Massachusetts</li>
</ul>
</div>
</div>


</p>
<h2><b>How To Bet On NASCAR&nbsp;</b></h2>
<p><span style="font-weight: 400">Betting on NASCAR is one of the most popular wagering options for fans of auto racing. It has a massive following in the United States, and a busy schedule of events taking place at tracks across the country running from February until November.&nbsp;</span></p>
<p><span style="font-weight: 400">Betting sites will set their NASCAR odds based on a driver’s current form, including their track record at a certain race track or others of a similar nature. Other odds influences include how a specific team has been running, and how well a driver qualifies for the specific event.&nbsp;</span></p>
<p><span style="font-weight: 400">The best way to bet on a NASCAR event is to look at a driver&#8217;s stats at a specific track. </span><span style="font-weight: 400">Pickswise’s team of NASCAR experts follow all of the action and news leading up to race day to make the most informed and well-researched <a href="https://www.pickswise.com/nascar/picks/">NASCAR picks during race week</a>. Particularly during qualifying you can pick up on key details for how the race may pan out, and our experts use this research among other factors to find the best value NASCAR picks for each weekend’s race.&nbsp;</span></p>
<p><span style="font-weight: 400">We put in the time for you and be sure to check out our NASCAR predictions all season long.&nbsp;</span></p>
<h2><b>What Are the Different Series Within NASCAR?</b></h2>
<p><span style="font-weight: 400">There are a number of developmental series in NASCAR, but the top three series are the Craftsman Truck Series, the NASCAR Xfinity Series and the NASCAR Cup Series.&nbsp;</span></p>
<p><span style="font-weight: 400">NASCAR’s rising stars are first molded in the Craftsman Truck Series. Formed in 1995, this series features a 36-car field and is home to some of the developmental or feeder teams for the Xfinity and Cup teams. Top teams include Kyle Busch Motorsports, GMS Racing as well as Thorsport Racing.&nbsp;</span></p>
<p><span style="font-weight: 400">After the Trucks Series comes the real proving ground, the NASCAR Xfinity Series, where tomorrow&#8217;s stars are made. The Xfinity Series has been a mainstay in NASCAR since the 1980s and features a 40-car field. Joe Gibbs Racing, Kaulig Racing and JR Motorsports are some of the many teams featured in this series, as they prepare drivers to make the jump to the top level of the sport.&nbsp;</span></p>
<p><span style="font-weight: 400">The top level of NASCAR is the Cup Series. This has been the pinnacle of the sport since 1949. The field size can vary from 37 to 40 cars depending on the race. This series features championship winning teams including Hendrick Motorsports, Joe Gibbs Racing, Team Penske and Stewart-Haas Racing, among many others. It also features a 36-race schedule.&nbsp;</span></p>
<h2><b>Ways To Bet On NASCAR&nbsp;</b></h2>
<p><span style="font-weight: 400">There are many ways you make a wager in NASCAR, whether it is on a single event’s race winner, or the top five finishers of the race. Others will take a shot at who will win the Series Championship at season’s end.&nbsp;</span></p>
<p><span style="font-weight: 400">All three of NASCAR’s series have odds so, that gives you plenty of chances to play on a given weekend. Odds usually come out a few days prior to the event.&nbsp; Check out the most popular NASCAR betting markets below.&nbsp;</span></p>
<h3><b></b><b>Money Line Betting &#8211; To Win The Race Bets</b></h3>
<p><span style="font-weight: 400">Easily the most common and simplest way to bet on a NASCAR race is to take an outright winner of the race. You can pick which driver you think will take home the trophy. The money line odds are based primarily on a driver&#8217;s current form and history at a specific track. The numbers won’t stay at the starting line, as many drivers&#8217; odds will move due to fans picking that specific driver. Race winner odds are displayed as a long list of each driver name with an odds value assigned to each of them.&nbsp;</span></p>
<p><b>Here is an example of the top five 5 favorites for a race:</b><b><br /></b></p>
<p><span style="font-weight: 400">Kyle Larson +500</span></p>
<p><span style="font-weight: 400">Kyle Busch +600</span></p>
<p><span style="font-weight: 400">Ross Chastain +800</span></p>
<p><span style="font-weight: 400">Tyler Reddick +900</span></p>
<p><span style="font-weight: 400">William Byron +1200</span></p>
</p>
<h3><b>Podium Finish Betting</b></h3>
<p><span style="font-weight: 400">Another popular bet for a NASCAR race is whether or not a driver will finish on the podium, which means the first three places in the race. This is a good choice for someone who isn’t sure on picking the winner outright. This will pay out as long as the driver chosen finishes in one of the top three positions. The odds will be a lot shorter than far an outright win bet, but the risk is lower too. This is a good bet for beginners.&nbsp;</span></p>
<p><b>Here is an example of some of the best top 3 bets for a race:</b></p>
<p><span style="font-weight: 400">Kyle Larson +175</span></p>
<p><span style="font-weight: 400">Kyle Busch +225</span></p>
<p><span style="font-weight: 400">Ross Chastain +250</span></p>
<h3><b>Matchup Betting</b></h3>
<p><span style="font-weight: 400">Head-to-Head or Match-up betting pits two drivers against each other. Bettors will be able to choose which one of the two drivers they think will finish higher than the other. Each driver will have an odds value assigned based on current and past success along with their starting position for the race. It doesn&#8217;t matter where in the field the drivers finish, just which one finishes first, whether that&#8217;s 2nd vs 4th or 12th vs 23rd.</span></p>
<p><b></b><b>Here’s an example of a Match-Up Bet</b><b><br /></b><span style="font-weight: 400">Which Driver will have a higher finish?</span></p>
<p><span style="font-weight: 400">Kyle Larson -140 or Kyle Busch +110</span></p>
<h3><b>Group Betting</b></h3>
<p><span style="font-weight: 400">This category is for those who want to try their hand at picking which team will win the race. Each team&#8217;s cars are prepared in the same way and have the same equipment, so if one goes well, the others should too. If you think a team will have a good race but aren&#8217;t sure which of its drivers will do best, this could be the bet for you. This can be easily described as Which NASCAR team will win the race?&nbsp;</span></p>
<p><b></b><b>An example of a Group Bet</b></p>
<p><span style="font-weight: 400">Joe Gibbs Racing +150</span></p>
<p><span style="font-weight: 400">Hendrick Motorsports +165</span></p>
<p><span style="font-weight: 400">Team Penske +550</span></p>
<p><span style="font-weight: 400">Stewart-Haas Racing +800</span></p>
<h3><b>Futures Betting</b></h3>
<p><span style="font-weight: 400">Futures Betting in NASCAR is usually done at the beginning of the season, before any races have taken place. The biggest Futures bet is for who will win the Series Championship. Those odds will start out high at the beginning of the season, and will be updated throughout the season. The odds will adjust tor records and events throughout the season, and the field will be reduced as drives are eliminated and other drivers qualify for each stage of the playoffs, until it is down to the final four for the season finale race.&nbsp;</span></p>
<p><b>An example of a Futures Bet</b></p>
<p><span style="font-weight: 400">Kyle Larson +600</span></p>
<p><span style="font-weight: 400">William Byron +650</span></p>
<p><span style="font-weight: 400">Chase Elliott +700</span></p>
<p><span style="font-weight: 400">Kyle Busch +750</span></p>
<h3><b>Top Position Betting (Top-5, Top-10 etc)</b></h3>
<p><span style="font-weight: 400">Even if you think a certain driver is valuable to pick during a race, but don’t feel confident enough that they will win the race outright. You can bet on if they will finish inside the top 3, top 5 or even a top 10 finish. Those bets have a lot shorter odds than an outright winner, but there&#8217;s less risk due to the large range of possible finishing positions.&nbsp;</span></p>
<p><b>An example of a possible Finish Prop:</b></p>
<p><span style="font-weight: 400">Denny Hamlin&nbsp; Top 3 (+300) Top 5 (-118) Top 10 (-375)</span></p>
<p><span style="font-weight: 400">Kyle Larson&nbsp; Top 3 (-112 ) Top 5 (-200) Top 10 (-670)</span></p>
<h3><b>Other Props&nbsp;</b></h3>
<p><span style="font-weight: 400">There are a number of other possible Prop Bets or NASCAR bets worth considering including Winning Manufacturer, Car Number of Race Winner, Any driver to win both Stage 1 and Stage 2 and Which driver will be the top finisher of the car they drive?</span></p>
<p><b>Here are some examples:</b><span style="font-weight: 400"><br /></span><span style="font-weight: 400">Manufacturer of WInning Car &#8211;&nbsp; Chevrolet +135, Toyota +145, Ford +280</span></p>
<p><span style="font-weight: 400">Car Number of Race Winner-&nbsp; Odd -137 Even +106</span></p>
<p><span style="font-weight: 400">Any Driver to win both Stage 1 and Stage 2- No -1250 Yes +600</span></p>
<h2><b>Five Ways To Bet Better On NASCAR </b><b>&nbsp;</b></h2>
<h3><b>Know the Tracks</b></h3>
<p><span style="font-weight: 400">Don’t just go into betting on a NASCAR race and take the top five best odds, because they won’t always win. There are a number of different types of tracks in the 36-race schedule, including tracks of less than a mile, 1.5-mile tracks, 2-mile tracks and the superspeedways, along with road courses. Many drivers excel on different tracks, and struggle on others. Just because a certain driver has looked strong on a 1.5-mile track doesn’t mean he will be good on a 2-mile track like Michigan International Speedway. Find out what track types suit your favorite drivers before placing a bet. Some teams even bring in specialist drivers for road courses if their regular driver prefers ovals.&nbsp;</span></p>
<h3><b>Momentum is Real</b></h3>
<p><span style="font-weight: 400">Momentum can really be a big thing in the racing world, and that is very true in NASCAR. If a driver suddenly finds his mojo he could pick up back-to -back wins, maybe just through improve confidence, or it could be that his team have made a breakthrough with his car set-up. Momentum can be negative too, as some drivers have slumps throughout a season, losing confidence in their cars. Be mindful of the highs and lows of racing when placing your bets.</span><span style="font-weight: 400"><br /></span></p>
<h3><b>Stats don’t Lie</b></h3>
<p><span style="font-weight: 400">Stats are your best friend when it comes to NASCAR. Like any sport, statistics are always worth looking at. There are plenty of stats and records available when betting NASCAR. While betting on a hunch or going with your gut might work sometimes, trusting the stats tends to be a smarter approach. To put together a good run of winning bets, you have to take drivers that are strong statistically at a certain track. At the specialist tracks such as Darlington for example, cars that race well there one year may well be at the top of the leaderboard again 12 months later, even if they have not been going so well elsewhere.</span></p>
<h3><b>Teamwork makes the dream work</b></h3>
<p><span style="font-weight: 400">Teamwork is a key factor in NASCAR, as much as it is in any stick or ball sport. A pit crew and spotter are important components of any driver&#8217;s success and the crew chief might be the second most important person on the team. If the pit strategy doesn’t work out, then there is not much the driver can do. If a driver has difficulties with their team, then the morale of the whole team can easily affect the outcome of races. Not just that, in NASCAR most drivers have two, or three other teammates on the race track. Those teammates can also help a driver who is in the thick of the playoff battle. Teammates and teamwork is a key to racing at Superspeedways such as Daytona and Talladega, as the draft plays a big role in who wins.</span><span style="font-weight: 400"><br /></span></p>
<h3><b>Weather is always a factor</b></h3>
<p><span style="font-weight: 400">You may wonder how weather can affect the outcome of a race but it happens all the time. A hotter track tends to lead to a slick racing surface and can make the cars a lot tougher to control. A cool race track means more grip. The cooler temperatures can also affect the air getting to the engine, which is why you can see teams putting tape on the grill of the car at some tracks. </span><span style="font-weight: 400">What you need to know about as a bettor is how the conditions might affect the driver you are placing your bet on. NASCAR is certainly a sport that works better in certain conditions, and there are drivers who tend to perform better in particular scenarios. You might think your driver pick is safe, but if rain comes into play the whole race outlook can change dramatically.&nbsp;</span></p>
<h3><b>Expert NASCAR Betting Strategies</b></h3>
<h3><b>Basic</b></h3>
<p><span style="font-weight: 400">Always plan ahead when betting on NASCAR, or any other sport for that matter. Don’t burn all your money on the first race. Play it safe and strategically. If you are new at this start with a basic strategy of going for a top 10 or a top five, don’t just jump on the big money line for the race winner. That doesn’t always work out especially if you take the favorite, a number of things could quickly take that driver out of contention.</span><span style="font-weight: 400"><br /></span></p>
<p><span style="font-weight: 400">Don’t pick your drivers without knowing where, when and who is in the race. It pays off if you know the schedule ahead of time. Knowing the field especially helps when betting on a Truck or Xfinity Series race, as some Cup drivers from time-to-time will be racing in the lower-tier series.&nbsp;</span></p>
<h3><b>Intermediate</b></h3>
<p><span style="font-weight: 400">It is smart to check track trends throughout the season, especially when NASCAR makes a return to a track they have visited earlier in the season. The 1.5-mile tracks often play out the same way. Short tracks will have a lot of bumping and banging, so sometimes it is smarter to avoid the heavy favorites. Always be sure to check if it is going to be a hot day when NASCAR visits Las Vegas, as that track is always slick.</span><span style="font-weight: 400"><br /></span></p>
<p><span style="font-weight: 400">There are a vast number of sites that offer NASCAR odds. If you are comfortable with a certain site, then go with that one, but don’t be scared to shop the odds. Compare the different sites as sometimes the odds may be very different. Some sites may also offer more prop bets than others.&nbsp;</span></p>
<h3><b>Advanced</b></h3>
<p><span style="font-weight: 400">Another key factor to keep in mind is the different types of pit strategies teams will use on race day. Whether they take two tires or four tires can make or break a driver’s day &#8211; taking two tires provides less grip, but the pit-stop takes less time, so it can improve a driver&#8217;s track position. Sometimes taking fuel only may pay off. Just because a driver is on a certain strategy doesn’t mean it will always work out, as cautions almost always present themselves throughout the race.</span><span style="font-weight: 400">&nbsp;</span></p>
<p><span style="font-weight: 400">It is also smart to remember the trends of the different races. Late-race cautions always have drivers and their crews on their feet. When picking drivers for a race, look for drivers that have a strong history at a specific track. It isn’t always smart to take someone who has won at another track of the same length because the form doesn’t always translate to other tracks. A driver’s average finish is also a helpful indicator for which drivers to take each week.</span></p>
<h2><b>Things To Avoid When Betting On NASCAR</b><b>&nbsp;&nbsp;</b></h2>
<ol>
<li style="font-weight: 400"><span style="font-weight: 400"><span style="font-weight: 400">Avoid drivers who struggle at a specific track or type of track. If they have not been able to work it out at a particular venue, fade them until they show any sign of figuring it out.</span></span></li>
<li style="font-weight: 400"><span style="font-weight: 400"><span style="font-weight: 400">Don’t always take the top favorite to win. It could be smarter to take the same driver for a top-five finish than a victory at times. No driver is perfect either, so always picking the favorite isn’t a smart move in a sport with so many random factors that can affect the result.</span></span></li>
<li style="font-weight: 400"><span style="font-weight: 400"><span style="font-weight: 400">Track type can be a big contributor in determining which drivers to pick each week. Don’t take the same driver to win every week as at some point you&#8217;ll be backing them at a place that doesn&#8217;t suit them..</span></span></li>
<li style="font-weight: 400"><span style="font-weight: 400">There are also tracks where it is best to leave the longshots well alone. These are the more predictable tracks such as Michigan, Bristol or Darlington, where the same drivers will typically dominate each year. Kyle Busch has been a strong bet at Bristol throughout his career, for example. At Darlington Raceway the winner is usually one of the top drivers of the sport. It’s one of the sport’s toughest tracks to learn, hence its nickname the ‘Track Too Tough To Tame’.</span></li>
</ol>

How To Bet On NASCAR?


<h2 class="wp-block-heading"><b>Prop Bet Definition&nbsp;</b></h2>



<p><span style="font-weight: 400">Prop bets refer to &#8220;proposition&#8221; betting options. These include aspects of games other than what a team will win or how many total points will be scored. Stats accrued by particular players, teams or the game as a whole are various types of props. Here, we look at all aspects of prop betting in detail. This will include the basic question: what is a prop bet? Yet we also go into <a href="https://www.pickswise.com/sports-betting/educational-guides/how-to-bet/"><strong>how to bet</strong></a> on props, how to <a href="https://www.pickswise.com/sports-betting/educational-guides/parlay-betting/"><strong>parlay</strong></a> props, the various types of prop bets and examples based on popular U.S. sports.</span></p>



<h2 class="wp-block-heading"><b>What is a Prop Bet</b></h2>



<p><span style="font-weight: 400">A prop bet involves what can be described as micro outcomes within a game rather than macro outcomes, such as who will win or cover the spread (<a href="https://www.pickswise.com/sports-betting/educational-guides/money-line-betting/"><strong>money line</strong></a>/<a href="https://www.pickswise.com/sports-betting/educational-guides/point-spread-betting/"><strong>point spread</strong></a>) or how many points will be scored (total [<a href="https://www.pickswise.com/sports-betting/educational-guides/over-under-betting/"><strong>over/under</strong></a>]). A common prop bet involves betting on an individual player statistic. An example would be an over/under on how many strikeouts an <a href="https://www.pickswise.com/mlb/picks/"><strong>MLB</strong></a> starting pitcher will accrue in a game.</span></p>



<p><span style="font-weight: 400">There are also team and game props. A team prop might be how many total touchdowns are scored by an <strong><a href="https://www.pickswise.com/nfl/">NFL</a></strong> team over the course of a game. An NFL game prop might be whether a safety will occur in the contest. Odds will be set on all props based on their likelihood of occurring. For instance, on an MLB home run prop (whether a hitter will hit a home run in the game), a star slugger will have much lower odds to hit a homer than a marginal hitter with little power.</span></p>



<h2 class="wp-block-heading"><b>How to Bet on Prop Bets</b></h2>



<p><span style="font-weight: 400">You might wonder exactly how to make a prop bet. Any <strong><a href="https://www.pickswise.com/sports-betting/sportsbooks/">top sportsbook</a></strong>, such as those we recommend, offer a nice selection of props, all the more so on more popular sports and bigger events. You will find the most props on the <strong><a href="https://www.pickswise.com/sports-betting/sportsbooks/best-super-bowl-betting-sites/">Super Bowl</a></strong> every year.&nbsp;</span></p>



<p><span style="font-weight: 400">Betting on props is one of the most lucrative forms of sports wagering since it is difficult for sportsbooks to keep up with the large number of proposition odds available at any given time. You are more likely to spot an inefficient prop line, particularly as it is also easier to handicap micro events using industry projection systems. There is also a greater chance that you might find significant discrepancies between sportsbooks, so it is wise to odds shop for the best prop lines before placing your bet.</span></p>



<p><span style="font-weight: 400">Say you have identified a good prop line based on your research. Placing a prop bet is easy; go to your online sportsbook of choice, and you will see a prop menu with many options available. Find which prop you would like to bet on and add it to your bet slip.</span></p>



<p><span style="font-weight: 400">You can then populate how much you would like to bet and decide whether you would like to add additional options and parlay them together. Then you&#8217;ll be able to see what you would stand to win. Once you are happy with your selections, select submit and your bets will be placed.</span></p>



<h2 class="wp-block-heading"><b>Can You Parlay Prop Bets?</b></h2>



<p><span style="font-weight: 400">You can certainly parlay prop bets together, either with each other or with standard bets such as money lines, point spreads or totals (over/under). An example of betting props together would be to bet on a quarterback to accrue 300+ passing yards in one game, and an <strong><a href="https://www.pickswise.com/nba/">NBA</a> </strong>player to score at least 22 points in another. You could also bet on an NBA team to win a game on the money line while also wagering that an NHL player will score at least one goal.</span></p>



<p><span style="font-weight: 400">One caveat is that with Same Game Parlays (parlays involving multiple bets from the same game), where offered, there will often be restrictions involving props. When attempting to parlay restricted plays from the same game, the sportsbook&#8217;s bet slip will tell you that one or more of your selections are not eligible for a parlay. The reason why this will often apply to props is that they can be highly correlated with each other or with a game outcome. This is bad for sportsbooks as it can give the bettor a considerable edge.</span></p>



<p><span style="font-weight: 400">Examples would be betting that a quarterback throws for at least three touchdowns while also betting on one of his receivers to score multiple touchdowns. These events are more likely to happen in conjunction with each other. That is an example of two props that are highly correlative, yet there are also correlative game and prop outcomes. A similar example would be that a quarterback will throw for at least three touchdowns while also betting on his team to win.</span></p>



<p><span style="font-weight: 400">These restrictions are at the discretion of the sportsbook and will vary. You may be able to find some slightly correlative props and benefit from playing them as part of a parlay, yet for the most part, sportsbooks will not allow anything too advantageous to the bettor.</span></p>



<h2 class="wp-block-heading"><b>Types of Prop Bets</b></h2>



<p><span style="font-weight: 400">There are a few types of prop bets including player props, team props, game props and novelty props. Here, we go into some detail as to how these various types work.</span></p>



<h3 class="wp-block-heading"><b>Player Prop Bets</b></h3>



<p><span style="font-weight: 400">Betting on player props is one of the most popular ways to prop bet in the industry. It can also be highly lucrative since many projection systems throughout the industry allow you to find inefficiencies in prop lines for individual players. Not to mention that it is difficult for sportsbooks to maintain the large number of player prop bets available with the same level of diligence as money lines, point spreads and totals (over/under).</span></p>



<p><span style="font-weight: 400">An example of a player prop would be betting on the total passing yards of a quarterback in a football game. An over/under would be set on a number such as 281.5 yards. For a basketball example, a prop that might be an over/under on how many total assists a point guard will accrue in a game. Anyone who has played daily fantasy sports may enjoy player prop betting since you are banking on player performance rather than a game outcome.</span></p>



<h3 class="wp-block-heading"><b>Team Prop Bets</b></h3>



<p><span style="font-weight: 400">Team prop bets involve betting on statistics accrued by an entire team rather than an individual player. Yet, these will be unaffected by the overall game outcome. An example of a team prop might be betting on the over/under of a particular team&#8217;s points scored, or a more specific statistic such as how many touchdowns a team will score.</span></p>



<h3 class="wp-block-heading"><b>Game Prop Bets</b></h3>



<p><span style="font-weight: 400">There are also game props that would involve events that occur in an entire game between two teams. For NFL examples, this could be how many total field goals will be scored in a game, or whether a safety will occur.</span></p>



<h3 class="wp-block-heading"><b>Novelty and Exotic Prop Bets&nbsp;</b></h3>



<p><span style="font-weight: 400">Novelty and exotic prop bets are similar to game props, although they involve more trivial outcomes. You will not see these on every game, yet you will see many of them for huge events such as the Super Bowl. There is often little skill to betting on these, but it can be a fun way to increase the action on a sporting event you plan to follow.</span></p>



<p><span style="font-weight: 400">Examples would be whether the coin toss in an NFL game will be heads or tails, how long the national anthem will last or what color of Gatorade will be dumped on the winning coach after the game. There are other examples of novelty props that are a bit more related to the actual contest such as betting an offensive lineman to score a touchdown or a non-quarterback to throw a touchdown pass.&nbsp;</span></p>



<p><span style="font-weight: 400">There can even be some skill in some of these, like if you note that a particular team was more likely to run a trick play. Some even claim that they may have insight into national anthem length based on who is singing and possibly other factors. Still, these types of bets are mostly just a way to gain some additional enjoyment on a marquee event such as the Super Bowl.</span></p>



<h2 class="wp-block-heading"><b>Prop Betting Examples</b></h2>



<p><span style="font-weight: 400">Common examples of prop bets vary depending on the sport. Let&#8217;s take a look at a small list to get some more clarity as to what type of prop betting options exist.</span></p>



<ul>
<li><span style="font-weight: 400">An over/under on an NFL quarterback&#8217;s total passing yards set at 289.5</span></li>



<li><span style="font-weight: 400">An over/under on an NBA shooting guard&#8217;s total points set at 18.5</span></li>



<li><span style="font-weight: 400">An over/under on an MLB starting pitcher&#8217;s total strikeouts set at 4.5</span></li>



<li><span style="font-weight: 400">An over/under on an NHL hockey center&#8217;s total points set at 1.5</span></li>



<li><span style="font-weight: 400">Which NFL team will have more rushing yards in a game?</span></li>



<li><span style="font-weight: 400">Who will score the first basket in an NBA game?</span></li>



<li><span style="font-weight: 400">Will there be extra innings in an MLB game?</span></li>



<li><span style="font-weight: 400">Will there be a shootout in an NHL game?</span></li>
</ul>



<h2 class="wp-block-heading"><b>Football Prop Betting</b></h2>



<p><span style="font-weight: 400">NFL is the most common sport for prop betting as there are simply a lot more options. This is true throughout the regular season and even more so during the playoffs and in the Super Bowl. Common player props include total passing yards, rushing yards, receiving yards or touchdowns scored in a game.</span></p>



<p><span style="font-weight: 400">The best way to profit in NFL prop betting is to shop for the best lines for any bet you would like to place but to also access industry player projections based on advanced analytics. Many top projection systems have their own numbers for common props, like passing yards, rushing yards and more and they may drastically differ from other sportsbooks. This is a great way to find what may be an inefficient prop line.</span></p>



<p><span style="font-weight: 400">You can also use some more broad analytical data such as the DVOA of a team&#8217;s defense against the run and the pass compared to the opposing offense. Perhaps you may find a particularly advantageous matchup or one that would be best to avoid. Keeping a close eye on injury reports is also very important as a key injury might reveal an extremely inefficient line, but you will need to jump on it almost immediately before it has the opportunity to move.</span></p>



<h2 class="wp-block-heading"><b>Basketball Prop Betting</b></h2>



<p><span style="font-weight: 400">You will find a good selection of basketball props throughout the regular season and particularly during the playoffs. Basketball is an excellent sport for prop betting since there are so many individual statistics. Common player props include points, assists, rebounds and three-pointers made. There are also a lot of opportunities to bet on combinations of player statistics such as over/unders on points + assists, points + rebounds, rebounds + assists or even all three combined.</span></p>



<p><span style="font-weight: 400">The NBA is unlike any other sport in how often late-breaking news comes out regarding injuries, scheduled rest days and minute restrictions. This makes it one of the best sports for prop betting. It is not common that one of these factors affects the player that is sitting or limited, but another player&#8217;s prop becomes entirely inefficient as their role completely changes.&nbsp;</span></p>



<p><span style="font-weight: 400">A great example is that if an NBA starting point guard is unexpectedly out for a game, the backup point guard&#8217;s props will suddenly be entirely incorrect. Even for starters, if a key star that eats up much of the usage for an NBA team is to miss a game, the other starters stand to gain significantly more usage and therefore put up larger stat lines.</span></p>



<h2 class="wp-block-heading"><b>Baseball Prop Betting&nbsp;</b></h2>



<p><span style="font-weight: 400">You won&#8217;t find as many baseball props as you will for the NFL and NBA, yet, astute betters tell you that MLB prop betting can be a very profitable option. Common MLB props would include whether a hitter will hit a home run or steal a base, or an over/under on a starting pitcher&#8217;s strikeout total. Like in other sports, referring to analytical data available throughout the industry is the best way to find an inefficient baseball prop line.</span></p>



<h2 class="wp-block-heading"><b>Hockey Prop Betting</b></h2>



<p><span style="font-weight: 400">You will find even fewer NHL prop betting options than you will for the MLB. There aren&#8217;t as many statistics, and the sport is among the less popular of major U.S. sports. Still, you will find common options like goals, assists, points and shots on goals in hockey prop betting. Since NHL teams rest their starting goalie from time to time, it is wise to take this into account when betting on props as lines may not fully adjust to account for this.</span></p>



<h2 class="wp-block-heading"><b>Why Should You Bet Props&nbsp;</b></h2>



<p><span style="font-weight: 400">Other than seeking out arbitrage opportunities and other extremely advanced betting concepts, prop betting is simply, by-and-large, far more profitable than betting on sides and totals (over/under). Any professional bettor will tell you that most of the money to be made is on props.</span></p>



<p><span style="font-weight: 400">This is due to the fact that it is easier to handicap props and because it is harder for sportsbooks to maintain their prop lines. They are quickly affected by breaking news and there are a lot of them to keep up with. Plus, there is less action on them than money lines, point spreads and totals (over/under), making them less important to the bottom lines of sportsbooks.</span></p>



<p><span style="font-weight: 400">On top of all that, it is simply fun to bet on props since you have the opportunity to root for a lot of different outcomes over the course of a sporting event rather than simply for a team to win or cover or for a game to go over or under. Between the excitement and the profitability, it is a no-brainer to get in on the prop betting game.&nbsp;</span></p>



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What Are Prop Bets In Sports Betting?

<p><span style="font-weight: 400">Parlay betting is one of the most common ways to bet on sports and is particularly popular among recreational bettors. You might have questions regarding precisely what parlays entail. For instance, what exactly is a parlay? Or you might be wondering about how parlays work, how to win a parlay bet, the different types of parlays, the <a href="https://www.pickswise.com/sports-betting/sportsbooks/"><strong>best sportsbooks</strong></a> for parlay betting and more. Well, don&#8217;t worry as we&#8217;ll answer all of these questions and more. In this guide, we will detail everything you need to know about parlay betting.</span></p>
<h2><b>Parlay Bets Explained</b></h2>
<p><span style="font-weight: 400">The number one question is, of course, &#8220;what is a parlay?&#8221; For a basic parlay definition, this bet type simply pairs multiple individual selections into one wager. When doing this, all of your betting selections must win for your bet to win. If you lose even one of the selections, you lose your wager.</span></p>
<p><span style="font-weight: 400">You can pair as few as two selections into one parlay and add as many as 10-15, yet this depends on the sportsbook. As you add more selections, your payout will be greater. However, it becomes increasingly difficult to win your bet. This is why parlay bets are popular among recreational bettors looking to increase the action for limited investment.</span></p>
<h2><b>How do Parlays Work?</b></h2>
<p><span style="font-weight: 400">Now that we have established a parlay&#8217;s meaning, let&#8217;s understand how parlays work. You can combine as few as two and generally up to at least 10 selections into a parlay, depending on the sportsbook. These can involve multiple sports and bet types. Most reputable sportsbooks offer <a href="https://www.pickswise.com/sports-betting/educational-guides/same-game-parlay-betting/"><strong>Same Game Parlays</strong></a>, yet there will be restrictions on what selections from the same game are allowed.</span></p>
<p><span style="font-weight: 400">As you add more and more selections, you will stand to win increasingly more if all the selections win. Since betting on single outcomes can result in reasonably low payouts, parlays become an excellent way to bet a little with a chance to win a lot.</span></p>
<h2><b>How to Win a Parlay Bet</b></h2>
<p><span style="font-weight: 400">The name of the game in all betting is to try to emerge victorious and win money. When parlay betting, you will wonder how to win, especially since the more options you pair, the more difficult it can be. Let&#8217;s take a look at some top tips for winning your parlay bets.</span></p>
<h3><b>Don&#8217;t Pair Too Many Selections Together</b></h3>
<p><span style="font-weight: 400">The most fundamental advice on betting parlays effectively is not to play parlays with too many selections. Staying within two or three-team parlay bets is generally best, and certainly sticking to no more than four or five unless mainly playing for fun. The reason payouts are so large is because the more you add to your parlay, the odds genuinely become more astronomical all selections will come together for a win.</span></p>
<p><span style="font-weight: 400">Even if you were to cash well over half of your parlay wagers were you to place them as individual bets, you would still lose most of your parlay wagers, given the likelihood of one leg not cashing. At the bare minimum, it is a good idea to back up your parlays with individual bets to avoid this fate.</span></p>
<h3><b>Play Same Game Parlays</b></h3>
<p><span style="font-weight: 400">While some sportsbooks do not offer Same Game Parlays, most reputable sportsbooks — such as those we recommend — allow them in specific instances. Some selections are considered too correlative to allow at the discretion of the sportsbook, which can be a hindrance. But it is wise to look for any correlative same-game bets you can find. An example would be placing a parlay bet of the over and a team to win in an instance where you believe they are more likely to emerge victorious in a high-scoring affair.</span></p>
<h3><b>Find the Best Odds and Promotions</b></h3>
<p><span style="font-weight: 400">Since parlay betting is automatically a risky proposition, you will undoubtedly want to shop at different sportsbooks to find the best <a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/"><strong>odds</strong></a>. For example, say one sportsbook has the three selections you want to parlay together at -110 each. If you win a $100 three-leg parlay bet, it will pay out $595.79. Let&#8217;s say another sportsbook has the three selections at-105 each, the same parlay now pays out $644.21. This may not seem like the biggest deal, but particularly in the often tricky world of parlay betting, every bit counts.</span></p>
<p><span style="font-weight: 400">Another critical consideration is to try to take advantage of any parlay promotions. Parlay Insurance is a common ongoing promotion at top sportsbooks, such as those we recommend. This will generally entail a sportsbook giving your money back up to a particular threshold on multi-leg parlay bets (often five or more) if one selection loses. Using these promotions whenever available is a crucial way to increase your return on investment (ROI).</span></p>
<h3><b>Bankroll Management</b></h3>
<p><span style="font-weight: 400">As it can be hard to succeed in parlay betting, it is essential to consider how you manage your bankroll. For one, it is always wise in any betting situation not to wager more than you can afford, and this is all the more true with parlay bets. On top of that, since odds are long on many parlays, you stand to lose often. Keeping your bets consistent and within what you can afford to risk is essential.</span></p>
<h2><b>How do Parlay Odds Work?</b></h2>
<p><span style="font-weight: 400">In its simplest form, parlay odds can be explained by simply stating that the more selections you add, the more you win. Yet it is best to get into the specifics. The more legs added to a parlay, the more the odds increase drastically as parlays become larger and larger. Please see the below table for the odds, true odds and parlay payouts based on anywhere from two to 10 team parlays.</span></p>
<table>
<tbody>
<tr>
<td><b>Number of selections</b></td>
<td><b>Odds</b></td>
<td><b>True Odds</b></td>
<td><b>Payout on a $100 bet</b></td>
</tr>
<tr>
<td><span style="font-weight: 400">2-Team Parlay</span></td>
<td><span style="font-weight: 400">13/5</span></td>
<td><span style="font-weight: 400">3/1</span></td>
<td><span style="font-weight: 400">$360</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">3-Team Parlay</span></td>
<td><span style="font-weight: 400">6/1</span></td>
<td><span style="font-weight: 400">7/1</span></td>
<td><span style="font-weight: 400">$700</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">4-Team Parlay</span></td>
<td><span style="font-weight: 400">11/1</span></td>
<td><span style="font-weight: 400">15/1</span></td>
<td><span style="font-weight: 400">$1,200</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">5-Team Parlay</span></td>
<td><span style="font-weight: 400">22/1</span></td>
<td><span style="font-weight: 400">31/1</span></td>
<td><span style="font-weight: 400">$2,300</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">6-Team Parlay</span></td>
<td><span style="font-weight: 400">45/1</span></td>
<td><span style="font-weight: 400">63/1</span></td>
<td><span style="font-weight: 400">$4,600</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">7-Team Parlay</span></td>
<td><span style="font-weight: 400">90/1</span></td>
<td><span style="font-weight: 400">127/1</span></td>
<td><span style="font-weight: 400">$9,100</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">8-Team Parlay</span></td>
<td><span style="font-weight: 400">180/1</span></td>
<td><span style="font-weight: 400">255/1</span></td>
<td><span style="font-weight: 400">$18,000</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">9-Team Parlay</span></td>
<td><span style="font-weight: 400">360/1</span></td>
<td><span style="font-weight: 400">511/1</span></td>
<td><span style="font-weight: 400">$36,000</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">10-Team Parlay</span></td>
<td><span style="font-weight: 400">720/1</span></td>
<td><span style="font-weight: 400">1023/1</span></td>
<td><span style="font-weight: 400">$72,000</span></td>
</tr>
</tbody>
</table>
<p><span style="font-weight: 400">One key takeaway is that the true odds are significantly longer on all of these bets than the odds at which you are paid. This illustrates that not only are you betting on more and more unlikely events as you add legs to a parlay, but you are not even getting paid at an equivalent rate with how unlikely they are.</span></p>
<h2><b>What are Round Robin Parlays?</b></h2>
<p><span style="font-weight: 400">Round robin parlays enable you to take a more extensive selection of bets and pair them into multiple smaller parlays. A simple example would be that you have three teams you would like to bet on, and a round robin pairs them into three individual parlays of all three possible combinations.</span></p>
<p><span style="font-weight: 400">You can also create larger round robins the more overall selections you would like to add. This is a common way to bet on an <a href="https://www.pickswise.com/nfl/"><strong>NFL</strong></a> Sunday, where you may have a variety of wagers you would like to make, but you want to parlay them in multiple ways rather than live or die by one large parlay.</span></p>
<h2><b>What are Teasers?</b></h2>
<p><span style="font-weight: 400"><a href="https://www.pickswise.com/sports-betting/educational-guides/teaser-bet/"><strong>Teasers</strong></a> are a type of parlay that is much easier to win than a traditional parlay. Still, with the limited risk also comes less reward. When betting a teaser, you &#8220;tease&#8221; the lines on multiple parlay selections in your favor by a considerable margin. Let&#8217;s use the example of an NFL contest between the New York Giants and the Philadelphia Eagles.</span></p>
<p><span style="font-weight: 400">Suppose the Eagles are -4.5 <a href="https://www.pickswise.com/sports-betting/educational-guides/favorite-betting/"><strong>favorites</strong></a>, while the Giants are +4.5 underdogs. There are different teasers, but a common type would be a six-point NFL teaser. Were you to bet the Eagles as part of this type of teaser, they would become +1.5 underdogs since you are adding six to the line, whereas the Giants would become +10.5 underdogs. You now have a significantly higher chance of winning these bets.</span></p>
<p><span style="font-weight: 400">Still, you must add many selections to a teaser card to win much on your investment. Let&#8217;s look at a table showing the payouts on six-game teasers based on the betting selections added.</span></p>
<table>
<tbody>
<tr>
<td><span style="font-weight: 400">3-Team Teaser</span></td>
<td><span style="font-weight: 400">9/5</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">4-Team Teaser</span></td>
<td><span style="font-weight: 400">3/1</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">5-Team Teaser</span></td>
<td><span style="font-weight: 400">5/1</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">6-Team Teaser</span></td>
<td><span style="font-weight: 400">7/1</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">7-Team Teaser</span></td>
<td><span style="font-weight: 400">10/1</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">8-Team Teaser</span></td>
<td><span style="font-weight: 400">15/1</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">9-Team Teaser</span></td>
<td><span style="font-weight: 400">20/1</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">10-Team Teaser</span></td>
<td><span style="font-weight: 400">25/1</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">11-Team Teaser</span></td>
<td><span style="font-weight: 400">35/1</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">12-Team Teaser</span></td>
<td><span style="font-weight: 400">50/1</span></td>
</tr>
</tbody>
</table>
<h2><b>How to Bet a Parlay </b></h2>
<p><span style="font-weight: 400">It is straightforward to bet a parlay. Simply log into any of the top sportsbooks we recommend via your computer or mobile device. Select a sport of choice, find a game you want to bet on and select a bet. You can also choose <a href="https://www.pickswise.com/sports-betting/educational-guides/futures-betting/"><strong>futures</strong></a>, <a href="https://www.pickswise.com/sports-betting/educational-guides/prop-bets/"><strong>props</strong></a> or any type of single selection to add to a parlay.</span></p>
<p><span style="font-weight: 400">Once it is added to your bet slip, you can add an additional bet. Upon two or more selections being populated, the bet slip will show the option to bet them as a parlay. You can continue to add more and more, and upon adding an amount you would like to wager, the bet slip will show you what you would stand to win.</span></p>
<p><span style="font-weight: 400">Were you to want to bet a parlay at a physical sportsbook location, the process is similar. Just head to the betting window and tell the ticket writer which selections you would like to parlay and how much you would like to bet. They will hand you a betting ticket showing you your selections, what you have bet and what you will stand to win. Some retail sportsbooks offer parlay cards you can fill out and give to the ticket writer.</span></p>
<p><span style="font-weight: 400">There are also some instances where retail locations use betting kiosks rather than or in addition to a betting window. In this case, follow the prompts on the screen to populate your bet slip with your parlay selections and submit them when you are happy with the inputs.</span></p>
<h2><b>Best Sportsbook for Parlay Bets</b></h2>
<p><span style="font-weight: 400">While our top recommended sportsbooks have excellent parlay betting options, <a href="https://www.pickswise.com/sports-betting/promotions/fanduel/"><strong>FanDuel Sportsbook</strong></a> is among the best. Not only are the variety of sports and bet types available as good as it gets, but the parlay builder is among the most intuitive in the industry. </span></p>
<p><span style="font-weight: 400">Not to mention, Same Game Parlays are allowed with a broader selection of options than many other sportsbooks permit. Plus, Parlay Insurance offers are frequent, and the odds on most bets are among the most generous. As mentioned, taking advantage of Parlay Insurance as often as possible and finding the best odds are crucial ways to boost your ROI.</span></p>
<h2><b>Best Sports for Parlay Betting</b></h2>
<h3><b>NFL Parlay Betting</b></h3>
<p><span style="font-weight: 400">The NFL is an inherently popular sport for parlay betting since it is the most popular sport in the U.S., and on top of that, most games occur once a week on Sundays. This means it&#8217;s an excellent opportunity to pair a wide selection of your picks into parlays for added enjoyment of the games. With just a little investment, you can come out way ahead.</span></p>
<h3><b>NBA Parlay Betting</b></h3>
<p><span style="font-weight: 400"><a href="https://www.pickswise.com/nba/"><strong>NBA</strong></a> parlay betting is the second most popular in the U.S. market. Several games occur just about every day in the NBA over a long season, meaning tons of opportunities for parlay betting. Prop betting can be particularly lucrative in the NBA, meaning that building parlays out of a selection of props can be a strong strategy.</span></p>
<h3><b>MLB Parlay Betting</b></h3>
<p><span style="font-weight: 400">The <a href="https://www.pickswise.com/mlb/picks/"><strong>MLB</strong></a> is another sport featuring several daily games over a long 162-game season. Therefore, it is an excellent sport for parlay betting. Like in the NBA, MLB props can be pretty lucrative and parlaying props together increases the odds and potential payouts. Examples of MLB props include over/unders on starting pitchers&#8217; strikeout totals or props like whether a hitter will hit a home run in a game.</span></p>
<h3><b>NHL Parlay Betting</b></h3>
<p><span style="font-weight: 400">Though the <a href="https://www.pickswise.com/nhl/"><strong>NHL</strong></a> is not as popular in the U.S. as some other essential team sports, hockey fans are ravenous about the game. It is a daily affair featuring a good selection of betting options most every day throughout an extensive season. Parlaying together multiple bets on the puck line or <a href="https://www.pickswise.com/sports-betting/educational-guides/money-line-betting/"><strong>money line</strong></a> is an excellent way to enjoy hockey with a chance to turn a small investment into a lot.</span></p>


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What Is A Parlay Bet In Sports Betting?

<h2><b>Money Line Meaning</b></h2>
<p><span style="font-weight: 400">There is no more straightforward type of wager in sports betting than the money line. When we watch a sporting event as a spectator, we generally focus on which team will win the game, since that is the object of the contest. When making a money line bet, you simply wager on which team will win the game or, in the case of a non-team sport such as <a href="https://www.pickswise.com/tennis/"><strong>tennis</strong></a>, which player will win the match. Sportsbooks offer money lines on essentially every sporting event involving two teams or two players/fighters and so on. </span></p>
<p><span style="font-weight: 400">While you will find money lines for all sports and major U.S. <a href="https://www.pickswise.com/sports-betting/educational-guides/favorite-betting/"><strong>favorites</strong></a> such as NFL, NBA, NHL and MLB, money lines tend to be especially popular in the MLB and NHL due to the nature of scoring in those sports. Of course, teams and players can vary significantly in their ability level, and lopsided matchups often happen where one team/player is far more likely to win than the other. For this reason, <a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/"><strong>odds</strong></a> must be introduced, which is the meaning of the money line.</span></p>
<h2><b>Money Line in Betting Explained + Examples</b></h2>
<p><span style="font-weight: 400">In money line betting, the money line refers to the odds the sportsbook sets on both sides of the matchup between players or teams. The favorite is the side that is more likely to win, and has odds considered &#8220;minus money&#8221; &#8211; you will see a minus symbol (-) before the odds to win. On the other hand, the underdog is the side that is deemed less likely to win. The underdog will have odds at &#8220;plus money&#8221; and you will see a plus symbol (+) before their odds.</span></p>
<p><span style="font-weight: 400">For example, let&#8217;s say a favored team is listed at -140. To win $100, you would have to bet $140 and if that team wins you would collect $240 including your original stake. This is the easiest way to remember how these odds work: the number with the minus symbol before it is what you need to bet to win $100 on a favorite.</span></p>
<p><span style="font-weight: 400">In contrast, say an underdog is +120; in this case, a $100 wager will garner you $120 in winnings and enable you to collect $220 including your stake. It is easy to remember how this works, as the number with the plus symbol before it is the amount you would win on a $100 bet. Of course, you must do the math to extrapolate this to different wager amounts for underdogs or favorites, but this is a simple way to get an idea of the odds quickly.</span></p>
<h2><b>Three-Way Money Line Betting Explained</b></h2>
<p><span style="font-weight: 400">A three-way money line is one where you can bet on Team A to win, Team B to win, or the event to end in a tie. This only applies to sports that can end in a tie. This is a prevalent type of bet in <a href="https://www.pickswise.com/soccer/"><strong>soccer</strong></a>; in fact, the most common, since ties (&#8220;draws&#8221; in soccer parlance) are frequent outcomes due to the low-scoring nature of the sport.</span></p>
<p><span style="font-weight: 400">In addition, since there are three possible outcomes that all have a relatively large chance of happening in a reasonably close soccer match, the odds on all three will be more advantageous to the bettor. There may no longer be a favorite or an underdog. You might, for instance, see one soccer team listed at +150 on the money line while the other is +200, and a draw is +250. It is important to note that in three-way money line betting, in the case of a tie, bets on either side are losers. Only one of the three outcomes can win.</span></p>
<p><span style="font-weight: 400">Some tournament matches in soccer extend to extra time and rely on penalty kick shootouts to guarantee a winner. In this case, three-way money line bets are determined by the result of 90 minutes of full-time play before extra time and shootouts. This leads us to the three-way money line betting in NHL hockey, a famous American sports league.</span></p>
<p><span style="font-weight: 400">Although standard two-way money line betting is prevalent in the NHL, three-way money lines are also offered. The reason is that many games are tied after three periods, although, like in some tournament soccer matches, overtime and shootouts ultimately result in one or the other team winning. Like in some tournament soccer, the score at the end of regulation decides a three-way money line bet before overtime and shootouts.</span></p>
<h2><b>How to Bet the Money Line</b></h2>
<p><span style="font-weight: 400">Money line betting is the most accessible bet type and is offered on just about any matchup you can find. Placing a money line bet takes no effort at all. Sign in to the sportsbook of your choice, locate a sport you&#8217;d like to bet on, find a game and select a money line wager.</span></p>
<p><span style="font-weight: 400">Still, it is wise to shop at a few different sportsbooks to find the best odds for the wager you would like to place. You may find that one sportsbook has a favorite at -140 while another has the same team at -130, so you would be better off placing that bet at -130. The same situation can occur with an underdog where perhaps one sportsbook lists the team at +190, while on another you would receive more advantageous odds of +200.</span></p>
<p><span style="font-weight: 400">You might wonder why you would bet on the money line rather than the <a href="https://www.pickswise.com/sports-betting/educational-guides/point-spread-betting/"><strong>point spread</strong></a>. Ultimately, both are valid options, and the odds are essentially the same, assuming they are efficient. One common reason is that you would prefer the opportunity to win considerably more money on an underdog than you could on a point-spread bet. A big underdog can result in much more profit in an outright win, whereas you only receive close to even money on a spread bet.</span></p>
<p><span style="font-weight: 400">Another reason to bet on the money line is that perhaps you feel that a favorite is all but guaranteed to win. This does not mean that they would be guaranteed to cover a large point spread. While the payout will be meager on the money line, you may consider it close to free money.</span></p>
<h2><b>How to Calculate Money Line Odds</b></h2>
<p><span style="font-weight: 400">The easiest way to calculate money line odds is as follows. Whatever number a favorite is listed at equals the amount you would have to bet to win $100. So, a -200 favorite means you need to bet $200 to win $100. On an underdog, the odds listed equal the amount you would win on a $100 bet. So, a +200 underdog means winning $200 on a $100 bet. This makes it easy and requires very little math.</span></p>
<p><span style="font-weight: 400">However, if you calculate what you would win on different wager amounts other than $100, you would need to do some math. Still, it is straightforward. On a favorite, meaning negative odds, you would take the number and divide it by 100. Then divide your total wager amount by that number. The result will be your profit.</span></p>
<p><span style="font-weight: 400">For example, say you want to bet $50 rather than $100 on our -200 favorite from above. Divide 200 (since they are -200) by 100. You will get 2. Now, divide the wager ($50) by that number (2), and you will see what you would stand to win ($25). This checks out since you win half of what you bet, just like if you wagered $200 to win $100.</span></p>
<p><span style="font-weight: 400">Favorable odds (underdog) work the same, except for one twist. Take the number from the positive line and divide it by 100. Then, instead of dividing your wager by that number, multiply it. So, say you want to bet $50 on the +200 underdog. Divide 200 by 100, and you get 2. Now multiply 2 by $50, and you have $100. Again, this makes sense as you win twice what you bet, just like betting $100 to win $200.</span></p>
<h2><b>Football Money Line Bets</b></h2>
<p><span style="font-weight: 400"><a href="https://www.pickswise.com/nfl/"><strong>NFL</strong></a> money line bets are less popular than spread betting, yet still a standard option. It can be fun to root for a team to win the game rather than cover a spread. In addition, a significant underdog in the NFL can garner a considerable profit in the event of an outright win. The same applies to <a href="https://www.pickswise.com/college-football/"><strong>NCAA football</strong></a>.</span></p>
<p><span style="font-weight: 400">It is a good idea to compare the point spread to the money line and analyze what you think is more favorable. In many cases, since NFL money line odds tend to be very efficient, the money line and the point spread will offer a similar projected return on investment (ROI). Yet, there may be times you find an inefficiency between the two.</span></p>
<p><span style="font-weight: 400">Say the Los Angeles Rams are three-point underdogs (+3) against the San Francisco 49ers in an NFL game. This means if you bet either on the point spread, the odds will likely be -110 on both, meaning a $110 wager garners you $100 on either side. Yet on the money line, you might find that the Rams are +130, meaning a $100 wager wins you $130. </span></p>
<p><span style="font-weight: 400">Perhaps you consider it likely that if the Rams are within at least three points, they will win the game outright. Taking the extra potential profit may make sense rather than betting on the Rams via the spread. It is hard to definitively quantify which is the better decision since the odds of the Rams winning outright versus covering a three-point spread are not definitive. Yet, this is a situation where you might prefer the money line.</span></p>
<h2><b>Basketball Money Line Bets</b></h2>
<p><span style="font-weight: 400">While <a href="https://www.pickswise.com/nba/"><strong>NBA</strong> </a>money line betting is not as common as point spread betting, it is still a popular option. There are a few reasons why betting on the money line can be worth considering in the NBA and <a href="https://www.pickswise.com/college-basketball/"><strong>NCAA basketball</strong></a>. When a favorite is significant, the point spread may be so great that although they are very likely to win the game, it may be hard to win your bet. Teams will likely rely on bench players down the stretch when they get up by a significant margin. This means it is easy for teams to get blown out to cover the spread late in the game.</span></p>
<p><span style="font-weight: 400">Another reason you might consider NBA money line betting is to take advantage of an underdog you think has an excellent chance of winning outright. Say you can only get four and a half points (+4.5) on the spread, you might be able to take +165 odds on the money line. It may be worth taking the dramatically increased profit in an outright win rather than the points on the spread.</span></p>
<h2><b>Hockey Money Line Bets</b></h2>
<p><span style="font-weight: 400"><a href="https://www.pickswise.com/nhl/"><strong>NHL</strong></a> money line betting is prevalent considering that, in contrast to the &#8220;puck line&#8221; (the hockey version of a point spread), your team simply needs to win the game for you to win your wager. Since hockey games are very low-scoring and puck lines are set at a 1.5-goal differential.</span></p>
<p><span style="font-weight: 400">It can be unappealing to bet on a favorite needing to win by two goals to win your wager. Commonly, hockey games result in a one-goal win. On the other hand, while betting underdogs on the money line is also quite viable, it would be more common to take an underdog on the puck line.</span></p>
<h2><b>Baseball Money Line Bets</b></h2>
<p><span style="font-weight: 400"><a href="https://www.pickswise.com/mlb/"><strong>MLB</strong></a> money line betting is prevalent in baseball, just like in hockey. The MLB&#8217;s point spread is called the run line since baseball uses runs rather than points. Like in hockey, it is usually set to 1.5 runs, although you may find alternate run lines at some sportsbooks. Since the run line is fixed at 1.5, and baseball is a relatively low-scoring sport, the money line becomes more popular. This is particularly true when betting on a favorite.</span></p>
<h3><b>FAQs</b></h3>
<h3><b>Can you Parlay Money Line Bets?</b></h3>
<p><span style="font-weight: 400">Yes, you can add money line bets to <a href="https://www.pickswise.com/sports-betting/educational-guides/parlay-betting/"><strong>parlays</strong></a> just like any other type of bet.</span></p>
<h3><b>Do Money Line Odds Differ From One Sportsbook to Another?</b></h3>
<p><span style="font-weight: 400">Yes, they certainly can, although rarely will the discrepancy be extreme. For instance, you might see a difference of -105 to -110 on a favorite.</span></p>
<h3><b>Are Money Line Bets Good Bets to Make?</b></h3>
<p><span style="font-weight: 400">Yes. Money line betting is not much different than any other kind of bet in relative value. If the odds are advantageous on any type of wager, it is a +EV (expected value) bet.</span></p>
<h3><b>Do Money Line Odds Change Once They’re Set?</b></h3>
<p><span style="font-weight: 400">Yes. As with point spread odds, money line odds move with the market as bettors place money on both sides.</span></p>
<h3><b>Where Can I Place a Money Line Bet?</b></h3>
<p><span style="font-weight: 400">You can place money line bets at any of the legal sportsbooks we recommend. Examples are <a href="https://www.pickswise.com/sports-betting/promotions/fanduel/"><strong>FanDuel Sportsbook</strong></a>, <a href="https://www.pickswise.com/sports-betting/promotions/draftkings/"><strong>DraftKings Sportsbook</strong></a>, <a href="https://www.pickswise.com/sports-betting/promotions/betmgm/"><strong>BetMGM</strong></a> and <a href="https://www.pickswise.com/sports-betting/promotions/caesars/"><strong>Caesars Sportsbook</strong></a>.</span></p>


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What Is A Money Line Bet In Sports Betting?

<h2><b>Futures Meaning</b></h2>
<p><span style="font-weight: 400">A futures bet is exactly what it sounds like, as it entails betting on events that will transpire in the future rather than in the present or on upcoming games. These can include both events involving teams or individual players. Let&#8217;s take a look at some of the details regarding futures bets.</span></p>
<h2><b>What are Sports Betting Futures?</b></h2>
<p><span style="font-weight: 400">Since futures bets entail events that will occur in the future, these would be very different from common bets like <a href="https://www.pickswise.com/sports-betting/educational-guides/money-line-betting/"><strong>money lines</strong></a>, <a href="https://www.pickswise.com/sports-betting/educational-guides/point-spread-betting/"><strong>point spreads</strong></a> and totals (<a href="https://www.pickswise.com/sports-betting/educational-guides/over-under-betting/"><strong>over/under</strong></a>) on games that will occur that day or that week. Futures can involve individual player outcomes or team outcomes.</span></p>
<p><span style="font-weight: 400">Futures can be an excellent way to enjoy extended action for your investment. You can also find beneficial lines and <a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/"><strong>odds</strong></a> if you watch the futures market throughout the season. Let&#8217;s look at some standard examples of futures bets.</span></p>
<h2><b>How Does a Futures Bet Work &#8211; Futures Bet Examples</b></h2>
<p><span style="font-weight: 400">Let&#8217;s look first at team bets for some common types of futures. This could include betting on what team will win the <a href="https://www.pickswise.com/sports-betting/sportsbooks/best-super-bowl-betting-sites/"><strong>Super Bowl</strong></a>, World Series, Stanley Cup or <a href="https://www.pickswise.com/nba/"><strong>NBA</strong></a> championship. These odds constantly move based on a team&#8217;s success or lack thereof as the season progresses. You may notice a trend with a given team during the season, leading to advantageous futures odds at a given moment, and it is wise to jump on these bets before sportsbooks can adjust.</span></p>
<p><span style="font-weight: 400">Player futures can include odds on a player to win the MVP or other honors like the Cy Young Award in baseball. You will also see player futures on specific categories, such as who will be the NFL rushing leader, who will lead the NFL in passing yards, and so on. Like with team futures, there can be opportunities for astute bettors to find beneficial odds on player futures based on closely watching performance throughout the season. Let&#8217;s analyze some of the types of futures bets in more detail.</span></p>
<h2><b>Types of Futures Bets </b></h2>
<p><span style="font-weight: 400">There are many types of futures bets. Futures betting lines will be set on many team outcomes, such as what team will win the championship, the conference, the division or even whether a team will make or miss the playoffs overall. Exact terminology varies depending on the sport in question. Betting on team futures can be very exciting, mainly as the odds can be extremely long for specific outcomes that do indeed have a chance of occurring.</span></p>
<p><span style="font-weight: 400">Futures markets for player awards are also standard options. These could include betting on what NBA player will win the MVP, what MLB player will win the batting title, what NHL goalie will win the Vezina Trophy or the NFL comeback player of the year. Not only will you find futures on awards but also on leaders in statistical categories depending on the sport like home runs, rushing yards, overall scoring and more.</span></p>
<h2><b>How to Bet on Futures</b></h2>
<p><span style="font-weight: 400">It is straightforward to place futures bets on your sportsbook of choice. Different sportsbooks organize these options differently, but you will often see a dedicated future section at many online sportsbooks. You can click on this option and find the futures bets available for all sports.</span></p>
<p><span style="font-weight: 400">Another way to find futures is to navigate to the sport you would like to bet on and find the specific futures betting options for that sport. Sportsbooks have varying lines and odds on futures at times, making it wise to shop between different sportsbooks to ensure you get the best bang for your buck.</span></p>
<h2><b>Can You Parlay Futures Bets? </b></h2>
<p><span style="font-weight: 400">Some sportsbooks allow parlaying future bets, yet <a href="https://www.pickswise.com/sports-betting/educational-guides/parlay-betting/"><strong>parlays</strong></a>, in general, are always at the discretion of the individual sportsbook. Some selections will not be allowed as they are deemed too correlative for the sportsbook to profit off of.</span></p>
<p><span style="font-weight: 400">A great example would be betting on an <a href="https://www.pickswise.com/nfl/"><strong>NFL</strong></a> quarterback to win the MVP while betting on his team to win its division. These events have far too much likelihood to occur together for sportsbooks to allow this bet.</span></p>
<p><span style="font-weight: 400">Still, non-correlated futures should generally be allowed to be parlayed, in addition to futures that don&#8217;t correlate with other types of bets. An example would be the New York Mets winning the NL East parlayed with a bet from a different sport. There is no reason for a sportsbook not to allow these as they hold no bearing on each other, assuming the sportsbook allows parlays involving futures.</span></p>
<h2><b>Hedging Futures Bets</b></h2>
<p><span style="font-weight: 400">One common way to use futures betting to your advantage is to employ it to &#8220;<a href="https://www.pickswise.com/sports-betting/educational-guides/hedge-betting/"><strong>hedge</strong></a>&#8221; your bets. Hedging refers to placing a bet and then subsequently placing a wager on the conflicting side, creating a scenario where you are guaranteed profit regardless of two outcomes.</span></p>
<p><span style="font-weight: 400">A great example would be that perhaps you bet an MLB team to win the World Series at +2000, say the Seattle Mariners. This means you would win $2,000 for a $100 wager. Perhaps that team is in the World Series and is facing a much better team that is a -180 favorite to win the World Series once the matchup is set, maybe the Los Angeles Dodgers. It is possible for you to place a bet on the Dodgers as a favorite and guarantee yourself some profit. </span></p>
<p><span style="font-weight: 400">The exact size of a hedge wager depends on how much profit you want to guarantee yourself versus how much you want to win if your original bet comes through. Of course, it would be exciting to simply let the money ride on Seattle with a chance for a big payday. Still, by placing a strategically sized bet on the Dodgers you at least guarantee yourself a profit, which is always a good situation in sports betting.</span></p>
<h2><b>Advantages of Futures Betting </b></h2>
<p><span style="font-weight: 400">There are a few advantages of futures betting. One is that it is a great way to enjoy betting action over the course of an entire season — or partial season — with minimal investment. On top of that, you will often find opportunities to bet on very long odds, meaning a small bet may give you the chance to win a considerable amount. Sports are less predictable than people often give them credit for, and big underdogs can win championships or significant awards.</span></p>
<p><span style="font-weight: 400">Furthermore, since lines and odds on futures are constantly moving, as are actual likelihoods of events, keeping a close eye on the sport and the futures market makes it possible to find promising wagering opportunities. Another lucrative reason to bet on futures is to give yourself opportunities to hedge. It is wise to jump on betting on any scenario in sports betting where you are guaranteed a profit. Since futures bets inherently play out well after placement, you will often find great hedge opportunities, such as the aforementioned Mariners/Dodgers World Series example.</span></p>
<h2><b>Disadvantages of Futures Betting</b></h2>
<p><span style="font-weight: 400">Of course, wherever there are pros, there are likely to be cons, and futures betting is no exception. In some instances, sportsbooks may have a stronger ability to set truly efficient lines and odds on futures. When lines and odds are set on individual games, the goal is to garner even action on both sides to guarantee the sportsbook profit. This means they often move in directions to encourage the betting public while being less efficient regarding the true odds of either outcome.</span></p>
<p><span style="font-weight: 400">With futures, the line is being set on a single outcome, with less correlation with any one other single event. Yes, there is some correlation between one player winning the MVP and another not, but many players could win the award. The same goes with a team winning a championship. Therefore, the main goal of a sportsbook will be to simply set the odds efficiently on futures more so than moving them with the betting public.</span></p>
<p><span style="font-weight: 400">Another disadvantage is that your money is being held up in your futures bet over a long period. Depending on your bankroll, it may not be wise to invest a considerable amount of your funds in a wager that will play out over a long period. On top of all that, you are banking on a lot of uncertainty since injuries, trades and other unforeseen factors may entirely change the value of your bet. Due to these potential obstacles, it can be much harder to wisely handicap futures compared to a single game.</span></p>
<h2><b>Best Futures Betting Strategies </b></h2>
<p><span style="font-weight: 400">Arguably the number one strategy when sports betting on futures, just like in any other form of sports betting, is to look for inefficient lines and odds. It can be wise to bet futures during the season as you will have the chance to notice team and player trends that may not have been accounted for entirely by sportsbooks at a given moment.</span></p>
<p><span style="font-weight: 400">Another key factor that applies to all forms of sports betting including the futures is to shop for the best lines and odds for the bet you want to place at different sportsbooks. Just like if you are shopping at a grocery store, you would not choose to buy the exact same item for more money at one store than another if you had the opportunity to purchase the lower-priced item without any inconvenience. If you are betting online, it is easy enough to observe the lines and odds at multiple sportsbooks without having to physically visit multiple locations.</span></p>
<p><span style="font-weight: 400">Another crucial strategy in futures betting is to consider hedging. In many instances where your futures wager appears poised to win, you will have the opportunity to hedge with a contrasting bet and guarantee yourself a profit.</span></p>


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What Is A Futures Bet In Sports Betting?

<h2><b>Point Spread Meaning </b></h2>
<p><span style="font-weight: 400">A point spread is the simplest form of sports betting outside of the <a href="https://www.pickswise.com/sports-betting/educational-guides/money-line-betting/"><strong>money line</strong></a> and <a href="https://www.pickswise.com/sports-betting/educational-guides/over-under-betting/"><strong>over/under</strong></a> and is generally the most popular in the U.S. While with a money line wager, you bet on a team or player to win a game/match, a point spread wager involves betting on either one team as the <a href="https://www.pickswise.com/sports-betting/educational-guides/favorite-betting/"><strong>favorite</strong></a> or one as the underdog. A point differential is set between the two to even the playing field.</span></p>
<p><span style="font-weight: 400">Money line betting can be inherently problematic in highly lopsided matchups. A considerable underdog is unlikely to win, while the odds on a big favorite can be such that it takes a considerable investment for the bet to even be worth it. This makes point spread betting the solution to this issue. Let&#8217;s get into exactly how point spread betting works.</span></p>
<h2><b>Point Spread Explained &#8211; How Does a Point Spread Work?</b></h2>
<p><span style="font-weight: 400">The reason for a point spread is that a sportsbook can&#8217;t offer close to even money on both sides of a sporting event with lopsided talent levels between teams/players and make money. To solve this, a spread is set. The favorite will be marked as minus (-) a certain amount of points, while the underdog will be plus (+) the same amount.</span></p>
<p><span style="font-weight: 400">For an <a href="https://www.pickswise.com/nfl/"><strong>NFL</strong></a> example of how point spread betting works, let&#8217;s say the Philadelphia Eagles are favorites over the New York Giants. Perhaps the Eagles are -7, while the Giants are +7 underdogs. This means that the Eagles have to win by at least eight for you to win a bet on them, while the Giants can lose by as much as six and you would still win on a Giants wager.</span></p>
<p><span style="font-weight: 400">Since this point spread is even, if Philadelphia wins by precisely seven, bets on either side &#8220;push&#8221; and bettors receive their money back. You will often see spreads that are not even, such as 7.5, in which case a push is impossible and one or the other side will always win. Point spreads are a way to make betting matchups between uneven teams fair for the house and allow close to even money betting on lopsided sporting events.</span></p>
<h2><b>What Does &#8220;Pick &#8217;em&#8221; or &#8220;Pick&#8221; Mean in Point Spread Betting?</b></h2>
<p><span style="font-weight: 400">A &#8220;pick &#8217;em&#8221; or &#8220;pick&#8221; refers to a situation where two teams/players are so equal that there is no need for a spread. You will see that the point spread is set to zero and it will be referred to as a pick &#8217;em or pick. In this case, you are basically betting on the money line since there is no spread. However, sportsbooks still offer both money line and spread betting, even when there is no need for a point differential.</span></p>
<h2><b>What are the Odds for a Point Spread? </b></h2>
<p><span style="font-weight: 400">If sportsbooks offered point spread betting at exactly even money, there would be no money in it. The goal is to set the spread so bettors on either side will win approximately half the time over a large sample size. For this reason, you generally see odds of -110 on both sides.</span></p>
<p><span style="font-weight: 400">What -110 <a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/"><strong>odds</strong></a> means is that you would have to bet $110 to win $100 on your wager. You can extrapolate this to any bet amount using the same wager-to-return ratio. You may occasionally see slightly different odds, such as -105 or +115 if a sportsbook needs to move the action slightly without changing the point spread. Generally, -110 is a rule of thumb for point spread odds.</span></p>
<h2><b>How to Bet the Point Spread </b></h2>
<p><span style="font-weight: 400">It is easy to place a bet on the point spread on any of the top sportsbooks we recommend. First, select a sport you would like to bet on, which might be NFL, <a href="https://www.pickswise.com/nba/"><strong>NBA</strong></a>, <a href="https://www.pickswise.com/mlb/"><strong>MLB</strong></a>, <a href="https://www.pickswise.com/nhl/"><strong>NHL</strong></a> or any other sport that allows point spread betting. Ideally, you would have accounts with multiple sportsbooks and check them all to find the most advantageous line for the bet you want to place, as they can vary.</span></p>
<p><span style="font-weight: 400">The key is to find an inefficient line regardless of what side. In fact, one team might be an advantageous bet on one sportsbook or at a given moment in line movement. Then the other might be better the next day or on another sportsbook. Finding value is key to point spread betting.</span></p>
<p><span style="font-weight: 400">Once you find a bet you would like to place, select it and you will see it added to your bet slip. Enter the dollar amount you would like to wager, submit your bet and you will be able to track it via your account on your sportsbook of choice. </span></p>
<p><span style="font-weight: 400">It can be essential to place your wagers in a timely manner before advantageous odds move, which can happen at any time. If you spot a good line, it is very likely to move quickly as sharp factions of the betting public will come to the same conclusion and often bet more significant amounts than more casual bettors, moving the line to a greater degree.</span></p>
<h2><b>Why Does a Point Spread Change</b></h2>
<p><span style="font-weight: 400">You might wonder precisely why point spreads change from when they are released to when the game starts. There are a few reasons why this can occur. One is that a factor having nothing to do with the betting public changes the matchup, resulting in the sportsbook altering the line. A great example would be a pivotal injury to a player, a projected weather change or anything that alters the matchup itself.</span></p>
<p><span style="font-weight: 400">Yet another prevalent reason for line movement is the betting public. As <a href="https://www.pickswise.com/sports-betting/educational-guides/betting-units/"><strong>betting units</strong></a> and big money pile up on one side or the other, sportsbooks are forced to adjust the odds to attempt to get more action on the other side. The sportsbook&#8217;s goal is to have even money on both sides of an event, as that is the only way to guarantee profit.</span></p>
<p><span style="font-weight: 400">For instance, if a line opens at -3.5 on an NFL favorite and 70% of the action is being bet on that team, a sportsbook may move the line to -4.5, making a bet on the favorite less advantageous. Since then, the underdog is +4.5 and a better option, more action will likely be placed on the underdog. This line movement can occur up to game time, with sportsbooks constantly trying to get the action as close to 50/50 as possible to guarantee profit.</span></p>
<h2><b>Football Point Spread Betting</b></h2>
<p><span style="font-weight: 400">The NFL is the most popular sport in the U.S. and the most common for point spread betting. Due to the nature of NFL scoring, it is essential to understand critical numbers in point spread betting.</span></p>
<p><span style="font-weight: 400">The difference between a line of -8.5 and -9 may not make the biggest difference, although every point counts. Yet you really want to consider line differences such as -2.5 versus -3, since exactly three points decide around 15% of NFL games. This difference often results in a winning or losing bet versus a push.</span></p>
<p><span style="font-weight: 400">It is crucial to highly consider offensive versus defensive matchups in football when attempting to handicap to find the best lines. Considering injuries, even including those to non-skill position players, is another critical factor, especially if you can jump on an inefficient line before it moves in response to the news.</span></p>
<h2><b>Basketball Point Spread Betting</b></h2>
<p><span style="font-weight: 400">Basketball is the other American sport in which point spread betting is the most popular compared to the money line. It can be a good idea to bet on underdogs in basketball. Point spreads can be pretty significant, and even though the favorite might win the game handily, it is relatively easy for an underdog to cover the spread. This is partly because heavy favorites often rest starters when blowing the other team out, enabling the underdog to come closer late in the game and cover the spread although never having any real chance to win outright.</span></p>
<h2><b>Baseball Point Spread Betting &#8211; Run Line Betting </b></h2>
<p><span style="font-weight: 400">Point spread betting is less prevalent in baseball because it is a lower-scoring sport. It can make more sense to simply bet on the money line. Still, it is a viable option in the MLB. It is important to note that this bet type is not called the point spread in the MLB, but the &#8220;run line,&#8221; as baseball deals in runs instead of points.</span></p>
<p><span style="font-weight: 400">There are some key differences aside from the name. While point spreads in the NFL and NBA can vary greatly, baseball run lines are almost always set at -1.5. Due to the low-scoring nature of the sport, it is unusual for any team to be a more significant favorite than that, although you might occasionally see a run line of -2.5 in an extreme example.</span></p>
<p><span style="font-weight: 400">Another difference is that it is more common for odds on both sides to be significantly different rather than generally landing at -110 for both. This is a way of evening the action without varying the spread to a greater degree. It can be common in baseball to bet on a -1.5 favorite on the run line, whereas when betting on the underdog, many bettors are more likely to take them on the money line for more advantageous odds.</span></p>
<h2><b>Hockey Point Spread Betting &#8211; Puck Line Betting </b></h2>
<p><span style="font-weight: 400">Hockey is much like baseball in that there is no point spread (hockey scoring is counted in goals, not points), but instead a puck line, yet it functions similarly. Puck lines are always set at -1.5/+1.5 in the extremely low-scoring sport of hockey. This contrasts the widely varying lines in the NFL and NBA. Much like in baseball, many hockey bettors prefer to play favorites on the puck line while taking the better money line odds when betting an underdog.</span></p>
<p><span style="font-weight: 400">Hockey is a game that often leads to &#8220;bad beats&#8221; on the puck line since losing teams often pull their goalie in the last one to two minutes of a game in which they are losing. When this occurs, the winning team often scores an easy empty-net goal, which can quickly result in a two-goal win rather than a one-goal victory, meaning the difference between winning and losing a 1.5-goal puck line bet. Yet, this can also result in much excitement depending on which side you are rooting for.</span></p>


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What Is A Point Spread Bet In Sports Betting?


<h2 class="wp-block-heading">What is over/under betting?</h2>



<p>Over/under betting is a type of sports betting in which you can wager on areas such as whether the total combined score of a game or event will be higher or lower than a predetermined number set by the sportsbook. The goal is to correctly predict whether the final total will be over or under that set number.</p>



<h2 class="wp-block-heading">Over/Under (Totals) Betting Explained</h2>



<p>Over/under betting, also known as totals betting or the &#8216;game total&#8217;, is a popular form of sports betting in which you can wager on events that don&#8217;t necessarily rely on a singular team&#8217;s outcome. The over/under number, commonly referred to as the totals line, is a projection set by oddsmakers that represents the expected combined score of both teams or participants in a given event.</p>



<p>In over/under sports betting, your goal is to correctly predict outcomes like whether the final score will be over or under that set number. For example, in a basketball game, the over/under total may be set at 200.5 points. If you place a wager on the over, you are betting that the combined score of both teams will be 201 points or more. If you wager on the under, you are betting that the combined score will be 200 points or fewer.</p>



<p>Over/under totals can be set for a variety of different statistics, including total points, goals, runs and more. They are often bet on by the public in games in which one team is heavily favored over the other, as the over/under line can provide an opportunity for bettors to make a wager on a more even market without worrying about lines such as the <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/point-spread-betting/">point spread</a></strong>. For example, if the New England Patriots are heavily favored to win a football game, the over/under line may be a more enticing option since the <a href="https://www.pickswise.com/sports-betting/educational-guides/money-line-betting/"><strong>money line</strong></a> price would be steep and you also may not want to bet on such a large point spread.</p>



<h2 class="wp-block-heading">How to bet over/under points totals</h2>



<p>Here are some steps to help you place a successful over/under totals bet:</p>



<ol>
<li>Do your research: Before placing an over/under bet, you should research the teams or participants involved in the event, their recent performances, any player injuries and other factors that may impact the market on which you want to bet.</li>



<li>Check the totals line: The totals line set by the sportsbook represents the expected combined score of both teams or participants in a given event. You should analyze the line and determine whether you think the result will be over or under that set number.</li>



<li>Consider the matchup: You should take a look at the specifics of the matchup and determine if it is likely to be a high-scoring or low-scoring game. For example, a game between two high-scoring basketball teams is more likely to go over the totals line than a game between two low-scoring, defensive NHL teams.</li>
</ol>



<p>By following these steps and utilizing your knowledge of the sport or event, you can increase your chances of successfully placing over/under sports bets.</p>



<p>Once you have made your decision on what to bet on, whether that be on the number of points in an NFL game or the number of goals in an NHL game, follow the next steps to place your bet:</p>



<ol>
<li>Pick your over/under selections.</li>



<li>Open your betting slip.</li>



<li>Enter the amount you wish to wager.</li>



<li>Confirm your bet.</li>



<li>Wait for the outcome.</li>
</ol>



<h2 class="wp-block-heading">Can you get a push when betting the over/under totals?</h2>



<p>Yes, it is possible to get a push when betting on over/under totals in sports betting. A push occurs when the final score of the game or event exactly matches the predetermined totals line set by the sportsbook.</p>



<p>For example, if the over/under line for a basketball game is set at 216 points and the final score is 116-100, the total combined score of both teams would be exactly 216 points – resulting in a push for both over and under bets. In this scenario you would receive your initial wager back, as the bet neither won nor lost.</p>



<p>While a push may seem like a wasted bet, it is actually a favorable outcome compared to a loss. In the event of a push, you do not lose the wager and the amount of it remains in your account to either withdraw or use for other bets. However, if you place a <a href="https://www.pickswise.com/sports-betting/educational-guides/parlay-betting/"><strong>parlay bet</strong></a> and one of the over/under picks results in a push, the entire parlay will be adjusted as if that bet did not exist – potentially resulting in a lower payout but still giving you a chance to win.</p>



<p>In many cases, however, sportsbooks that will add a decimal place to the end of the over/under totals on offer. For example, you could place a bet on Patrick Mahomes to throw over 1.5 touchdowns. By adding a decimal place, it makes an over/under bet more definitive and removes the chance of a push occurring.</p>



<h2 class="wp-block-heading">What happens if a game goes to overtime in over/under bets?</h2>



<p>Whether or not a game going to overtime will count toward your bet will depend on the sportsbook you use and the bet you place. Some sportsbooks will only count totals at the end of regulation time; others will carry over into overtime. There are also sports betting sites that will offer bets for both occurrences with different odds as overtime gives you an extra chance of a bet winning if it occurs.</p>



<p>If a game goes to overtime in over/under sports betting and your sportsbook accepts this, the total combined score of both teams or participants will include the points scored in the overtime period. This means that if you placed a bet on the over or under and the game goes to overtime, the outcome of the bet will be determined by the total combined score of both teams at the end of the overtime period.</p>



<p>For example, if the over/under line for a football game is set at 30.5 points and the game goes to overtime with the score tied at 13-13, the total combined score of both teams would be 26 points at the end of regulation time. If the overtime period results in a total of six points, the final combined score would be 32 points – resulting in a win for over bets instead of unders.</p>



<p>If that same bet ended at regulation time, the under bet will have been the winning outcome. This is why it is important to be aware of the impact of overtime on over/under bets and to consider this possibility when placing your wagers.</p>



<h2 class="wp-block-heading">What are the best sportsbooks for betting on over/unders?</h2>



<p>When selecting a sportsbook for over/under sports betting, it is important to consider factors such as the sportsbook&#8217;s reputation, user interface, odds and promotions. You should also make sure to check the sportsbook&#8217;s policies regarding overtime and other special circumstances that may impact the outcome of your bets.</p>



<p>There are many sportsbooks that offer betting on over/under totals, and the best one for one bettor may differ from another as they will depend on personal preferences and needs. Some of the most popular sportsbooks for over/under sports betting include:</p>



<h3 class="wp-block-heading"><strong>Bet365 Sportsbook</strong></h3>



<p>Bet365 is a highly respected sportsbook that offers a wide variety of betting options, including over/under totals. It has competitive odds and a user-friendly platform that makes it easy to place bets.&nbsp;</p>



<p>New bet365 customers can claim $200 in bonus bets from just a $5 first bet. 

Place a first bet of $5 or more, and regardless of whether it wins or loses, you get $200 in bonus bets.</p>



<h3 class="wp-block-heading"><strong>DraftKings Sportsbook</strong></h3>



<p>DraftKings is a well-known sportsbook that offers a variety of betting options, including a great selection of live over/under totals. This allows you to place over/under <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/live-betting/" target="_blank" rel="noreferrer noopener">live bets</a></strong> during ongoing games.</p>



<p>New members who sign up for an account with DraftKings Sportsbook can claim $300 in bonus bets from just a $5 winning bet! There are no odds restrictions tied to your qualifying wager, and you&#039;ll receive twelve $25 bonus bets instantly after it settles as a win!

You don&#039;t even need a DraftKings promo code. After signing up for a new account and depositing $5+, you can win a bet of $5 or more on any betting market to secure a $300 welcome boost.</p>



<h3 class="wp-block-heading"><strong>FanDuel</strong></h3>



<p>FanDuel is another popular sportsbook that offers a variety of betting options, including over/under totals. It has competitive odds and a user-friendly platform, and also offers a range of promotions and bonuses including free-to-play games with real cash prizes. You can also live stream NHL games so you can see if your bet comes in while watching the game for free. </p>



<p>To claim, new users need to register, make a first-time deposit of $5 or more, and then simply place their first real-money wager on any FanDuel Sportsbook market (no odds limits) that is live on platform.
All players with a winning first bet will receive their $150 in bonus bets within 72 hours of the bet settlement.</p>



<h3 class="wp-block-heading"><strong>BetMGM</strong></h3>



<p>BetMGM is a reputable sportsbook that offers a variety of betting options and has an excellent rewards program in which you can earn points for placing bets including over/under totals. You can then redeem these points for excellent rewards like bet credits.</p>



<p>Register a new BetMGM account and place a first bet of at least $10 and if it wins you receive $150 in bonus bets on top of the winnings from your first bet.</p>



<h2 class="wp-block-heading">Football over/under betting</h2>



<p>Over/under sports betting is a popular option in <strong><a href="https://www.pickswise.com/nfl/">football</a></strong>, as it allows bettors to wager on things like the total number of points scored by both teams in a game, the number of interceptions or touchdown passes thrown and the amount of rushing yards gained. Many of these options are also available to cover individual teams or both teams combined and specific players.</p>



<p>In football, the over/under line is typically set with a half point – such as 45.5 points. Bettors can then place a wager on whether they believe the total combined score of both teams will be over or under that line.</p>



<h2 class="wp-block-heading">Basketball over/under betting</h2>



<p><strong><a href="https://www.pickswise.com/nba/">Basketball</a></strong> under/over betting is another popular form of sports betting that allows bettors to place wagers on the total number of points that will be scored, how many three-point shots a player makes and other special <a href="https://www.pickswise.com/sports-betting/sportsbooks/best-prop-bets-betting-sites/"><strong>player props</strong></a>. Again, these can be placed to back specific teams or individual players. In basketball, the over/under line is also usually set with a half point on the number.</p>



<p>You will often find totals in basketball a lot higher than in other sports, with the total points in a game often reaching over 100 and reaching as high as 200 in many NBA games. This is in part due to the fast-paced nature of the game.</p>



<h2 class="wp-block-heading">Baseball over/under betting</h2>



<p>You will also find a number of over/under bets available in the MLB and other baseball leagues around the world. There are different types of over/under bets available in <strong><a href="https://www.pickswise.com/mlb/">baseball</a> </strong>that bettors can place their wagers on, including game totals, team totals, first five innings totals and many more.</p>



<p>Baseball does tend to have a lot more individual over/under bets, as well, involving player runs scored and pitcher strikeouts.</p>



<h2 class="wp-block-heading">Hockey over/under betting</h2>



<p>The final major sport in the US that offers a good selection of over/under bets is <a href="https://www.pickswise.com/nhl/"><strong>hockey</strong></a>. In terms of total goals scored, hockey has lower totals – but it does offer many extra options to bet on like total shots on net and penalties given.</p>



<p>Hockey totals combine elements of other sports and events like empty-net goals, penalties and power plays, which can all sway the outcome. Even a strong power play from a team can have a big impact, so there is a lot to consider when placing these bets on NHL games.</p>



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What Does Over/Under Mean In Sports Betting?


<h2 class="wp-block-heading">Favorite meaning</h2>



<p><span style="font-weight: 400">A common question in sports betting is “What is a favorite?” and “Who is the favorite?”. The meaning of a favorite is simple – it is the side that oddsmakers believe is more likely to win a given game or matchup.</span></p>



<h2 class="wp-block-heading">Betting favorite in sports explained</h2>



<p><span style="font-weight: 400">Unless both sides are equal, there will be a <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/favorite-betting/">favorite pick</a></strong> and an underdog in any game or matchup. The favorite is viewed as being more likely to win by the sportsbook, whereas the underdog is less likely. When betting on a favorite there will be a price either in odds or points given in a point spread. You will either have to bet more on a favorite for the same payout as you would on an underdog (<strong><a href="https://www.pickswise.com/sports-betting/educational-guides/money-line-betting/">money line</a></strong>), or the favorite will need to win by more points (<strong><a href="https://www.pickswise.com/sports-betting/educational-guides/point-spread-betting/">point spread</a></strong>) for you to cash your bet. You might wonder how to know which side is the favorite; let&#8217;s get into that.</span></p>



<h2 class="wp-block-heading">How do I know who is the favorite?</h2>



<p><span style="font-weight: 400">It is easy to ascertain which team is the favorite in a sports matchup. On the money line, you will see &#8220;minus odds&#8221; on any favorite, meaning there will be a minus sign (-) before the <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/">betting odds</a></strong>. An example would be -140. That means that you would need to wager $140 for every $100 you would win. The number always indicates what needs to be wagered to win $100. Of course, you do not always have to bet that much – you could instead stake $1.40 to win $1.</span></p>



<p><span style="font-weight: 400">When it comes to point spreads, the favorite is the team that is giving points. Let’s say that the Kansas City Chiefs are playing the Los Angeles Rams, and the Chiefs are -3.5. That means that they need to win by four or more points for the bet to win. If the Chiefs win the game but only by two points, then the bet is a loser.</span></p>



<h2 class="wp-block-heading">How to bet on the favorite</h2>



<p><span style="font-weight: 400">Betting on a favorite is easy. You can bet on a favorite on the money line, point spread, run line (<strong><a href="https://www.pickswise.com/mlb/">baseball</a></strong></span>)<span style="font-weight: 400"> or puck line (<a href="https://www.pickswise.com/nhl/"><strong>hockey</strong></a>). Favorite betting can be lucrative if you understand the wagers you place and make intelligent decisions. Let&#8217;s look at the various bets you can place on a favorite.</span></p>



<h3 class="wp-block-heading">Money line favorite</h3>



<p><span style="font-weight: 400">The most straightforward type of favorite bet is on the money line. You simply need the team to win and you will cash your bet. Large favorites will likely win games, making money line favorite betting a reasonably basic proposition. The issue is that payouts can be meager, meaning you may have to bet a lot to win anything considerable.</span></p>



<p><span style="font-weight: 400">An example is that a team might be favored by -500 odds. This means that you need to bet $500 to win $100, or $5 to win $1. You might see considerably larger odds in certain matchups, such as lopsided <strong><a href="https://www.pickswise.com/college-football/">college football games</a></strong>. One way to increase your potential winnings is to parlay multiple money line favorites together. If you think you have a few bets that are close to &#8220;locks&#8221; (almost sure to win), perhaps consider <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/parlay-betting/">parlay betting</a></strong> to increase your winnings on a smaller investment. However, you will need all of these teams to win to secure a payout, making them more risky.</span></p>



<h3 class="wp-block-heading">Points spread favorite</h3>



<p><span style="font-weight: 400">It is more common to bet favorites on the point spread since your bet will pay close to even money. Yet, the spread is introduced to even the action, meaning that even far superior teams/players are less likely to cover the spread. You might see a team favored by -7.5 points, meaning they must win by at least eight points for you to win your bet. This makes it a lot harder to determine which side will cover, despite one being far superior to the other.</span></p>



<p><span style="font-weight: 400">On top of that, sportsbooks don&#8217;t make any money on point spread betting without introducing vigorish. Although the spread makes it close to 50/50 which side will cover, you will not receive an even money payout on either side. You will generally see -110 odds, meaning you must bet $110 to win $100 or $1.10 to win $1.</span></p>



<p><span style="font-weight: 400">It is also vital to consider that in cases where a point spread is even, like a -7, it is possible that the favorite wins by exactly seven. In this case, bettors on both sides &#8220;push&#8221; and receive their money back. A push is impossible on a point spread such as -7.5 since a team cannot win by 7.5 points.</span></p>



<h3 class="wp-block-heading">Run line favorite</h3>



<p><span style="font-weight: 400">The &#8220;run line&#8221; only exists in baseball and is essentially the same as a point spread as you would see in football and <strong><a href="https://www.pickswise.com/nba/">basketball</a></strong>. Baseball deals in runs rather than points, hence the name. It is also a lower-scoring sport, so the run line will almost always be set at -1.5, regardless of how lopsided the matchup may be.</span></p>



<p><span style="font-weight: 400">When betting on a run line favorite, you need the team to win by at least two to win your bet, assuming it is set at -1.5. On rare occasions, you will see a more extensive run line like -2.5, in which case you would need the team to win by at least three.</span></p>



<h3 class="wp-block-heading">Puck line favorite</h3>



<p><span style="font-weight: 400">Similarly to baseball, there is no point spread in hockey, but instead, a &#8220;puck line.&#8221; For one, scoring in hockey refers to goals rather than points, and for two, the sport can be low-scoring. The puck line will be set at -1.5 like in baseball, and if you bet the favorite, you will need them to win by at least two goals to win your wager.</span></p>



<h2 class="wp-block-heading">Should you bet on the favorite?</h2>



<p><span style="font-weight: 400">Whether or not you should bet on the favorite is not a simple answer. It entirely depends on the exact lines and odds and where there is value. Depending on where lines and odds are set, the underdog or favorite could be the better bet on the same game.</span></p>



<p><span style="font-weight: 400">If you bet on the favorite on the money line consistently, you would likely win more bets than you would lose, yet, due to the lower return, you may not be profitable in the long term. You essentially need to ascertain whether you believe that the odds for the favorite to win are more favorable than their actual chances.</span></p>



<p><span style="font-weight: 400">To illustrate, a -200 favorite on the money line has an implied win probability of 66.7%. You essentially need to believe that the favorite is likely to win more often than that for this to be a positive expected value (+EV) wager.&nbsp;</span></p>



<p><span style="font-weight: 400">It is worth noting that in spread betting for the <strong><a href="https://www.pickswise.com/nfl/">NFL</a></strong> in particular, underdogs often tend to cover the spread at a more significant rate than favorites. This is because the betting public generally sides with the favorite, moving the line in favor of the underdog. Still, it is entirely on a case-by-case basis whether the favorite is a good or bad bet at any given moment in line and odds movement.</span></p>



<h2 class="wp-block-heading">Favorite betting strategies </h2>



<p><span style="font-weight: 400">As mentioned, there is no one-size-fits-all strategy for betting on favorites. Still, there are some helpful tips you can keep in mind, or, you can even check out a more comprehensive general <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/how-to-bet/">betting guide here</a></strong>.</span></p>



<p><span style="font-weight: 400">In point spread betting, it is wise to consider whether the team will likely keep their feet on the gas when playing with a lead when betting on a favorite. A more conservative-minded team might be more likely to play it safe when ahead, while a more freewheeling contingent may keep the scoring going, making them more likely to cover the spread.</span></p>



<p><span style="font-weight: 400">On the money line, it is best to carefully look at the odds and try to back a favorite when the odds are the most in their favor. You will often see considerable odds movement leading up to the game, and it is a matter of finding the odds at their most advantageous.</span></p>



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What Is A Favorite In Sports Betting?


<h2 class="wp-block-heading">Teaser meaning</h2>



<p><span style="font-weight: 400">A teaser is a type of <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/parlay-betting/">parlay</a></strong>, yet far less risky – although there is also less reward. You must bet multiple legs like in a parlay, and all of them must win for you to cash. However, the chances of winning are considerably higher while the payouts are substantially lower. Teasers involve adjusting the <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/point-spread-betting/">point spread</a></strong> of each selection in your favor. Let&#8217;s get into the details.</span></p>



<h2 class="wp-block-heading">Teaser Betting Definition</h2>



<p><span style="font-weight: 400">Simply put, a teaser bet is a parlay in which the spread for all selections is moved by a certain margin in the bettor&#8217;s favor. Teasers can range from two-team cards to a massive number of selections. The appeal is that the risk is considerably lower than a standard parlay, while the downside is that you have to pair quite a few bets together for a considerable payout. All the while, if just one selection loses then you lose your entire bet – just as with a typical parlay.</span></p>



<h2 class="wp-block-heading">Teaser bet examples – How does a teaser bet work?</h2>



<p><span style="font-weight: 400">Teasers are common in <strong><a href="https://www.pickswise.com/nfl/">football</a></strong>, so let&#8217;s use the NFL as our first example. You will generally see teasers offered between six and seven points. Standard football teaser denominations are 6, 6.5 and 7. You can occasionally find 10-point teasers, generally limited to a smaller selection of wagers.</span></p>



<p><span style="font-weight: 400">If you add an NFL team favored by -3 to a 6-point teaser, they would become +3 underdogs since you add six points to the spread. A team that is a +3 underdog would become a +9 underdog. The same principle would apply to 6.5 and 7-point teasers. The payouts would, of course, become less on 6.5 and 7-point teasers since you are &#8220;teasing&#8221; the spread further in your favor.</span></p>



<p><span style="font-weight: 400"><strong><a href="https://www.pickswise.com/nba/">Basketball</a></strong> teasers generally involve between four and six points added to the spread. The same concepts apply, although the point amount may be different.</span></p>



<p><span style="font-weight: 400">Clearly, in any teaser each selection is quite likely to win. As a result, you must combine many selections to gain a sizable payout. In spite of how much you are moving the lines, it is still somewhat likely that one of your selections will lose on a large teaser card. You can see that there are both advantages and disadvantages with teasers compared to betting through traditional parlays on the spread or <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/money-line-betting/">money line</a></strong>.</span></p>



<h2 class="wp-block-heading">What happens with a teaser bet tie or teaser bet push?</h2>



<p><span style="font-weight: 400">Of course, it is possible for one leg on a teaser to &#8220;push.&#8221; This represents a tie according to the spread, like a -7 favorite winning by precisely seven points. In this case, that leg of your teaser is essentially voided due to the teaser bet tie, while the rest of your card remains active. For instance, if you have a five-team teaser and one of the selections pushes, it becomes a four-team teaser and the potential payout is adjusted accordingly.&nbsp;</span></p>



<p><span style="font-weight: 400">This means you don&#8217;t have to worry about a teaser bet push. It is still active, but your potential payout has just decreased.</span></p>



<h2 class="wp-block-heading">How to bet on a teaser</h2>



<p><span style="font-weight: 400">Betting a teaser in person at a retail casino or an online sportsbook is easy. When betting at a physical location, you will see teaser cards in the same area as conventional parlay cards. They will list the bet selections available and the teaser lines. You can fill out these cards and bring them to the ticket writer at the sportsbook desk. You can also tell the ticket writer what type of teaser you would like to play and what selections you choose; they will enter the teaser for you.</span></p>



<p><span style="font-weight: 400">When betting online, you will generally see a teaser tab within the parlay section of the sportsbook. Some may also have a dedicated teaser section in the virtual bet slip. <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/">Betting odds</a></strong> can vary from sportsbook to sportsbook on teasers, so it is generally wise to shop around to find the most advantageous option.</span></p>



<h2 class="wp-block-heading">How to calculate a teaser payout </h2>



<p><span style="font-weight: 400">You will see teaser odds at your sportsbook of choice either on teaser cards, at the sportsbook desk or on the online sportsbook. They will be similar from sportsbook to sportsbook but can vary slightly. The more selections you add to the teaser, the more the payout will increase. For example, a standard two-team, six-point football teaser will generally come at around -110 odds – similar to a standalone point-spread bet. If you increase it to seven points, the payout will decrease to around -130.</span></p>



<p><span style="font-weight: 400">A three-team, six-point teaser will pay out around +180. Once you get into the four-team, six-point realm, you get up to around +300 odds. And so on. Please refer to your sportsbook of choice to see exact payouts depending on the type of teaser and amount of selections added.</span></p>



<p><span style="font-weight: 400">The rule of thumb here is that the payouts will increase by a considerable margin the more selections you add, and the more points you are teasing the lines by, the less you stand to win. A six-point teaser naturally pays out higher than a 6.5 or 7-point card.</span></p>



<h2 class="wp-block-heading">Are there different types of teasers?</h2>



<p><span style="font-weight: 400">There are a few different types of teasers, but they all operate according to the same principle. The big difference is how many points by which the lines are moving. Football teasers generally come in anywhere from six to seven points. Basketball teasers are more likely to come in four to six. &#8220;Super teasers&#8221; also exist, and they move point spreads by as much as 10. The more points that are involved the less the payout, since the wagers become more advantageous to the bettor.</span></p>



<h2 class="wp-block-heading">Best teaser bet strategies </h2>



<p><span style="font-weight: 400">When looking at the top strategies for betting on teasers, let&#8217;s look at the NFL. Many NFL games are decided between either three or seven due to the nature of scoring in football. You can consider these standard point differentials and use them in your favor.</span></p>



<p><span style="font-weight: 400">You might have an underdog that is +2. By moving them to +8 using a six-point teaser, you would win that selection if they lose by seven (one touchdown with an extra point). This is an example of a potentially beneficial teaser selection. Another example is a favorite moving from -8 to -2, which means you would win your bet if the listed <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/favorite-betting/">favorite</a></strong> wins by three (the margin of one field goal). </span></p>



<p><span style="font-weight: 400">NFL teams often win by 10, as this number represents one touchdown (plus the extra point) and one field goal. If you can move a line by under or over 10 in your favor, such as teasing an underdog from +6 to +12, this is the type of teaser selection you want to consider.</span></p>



<p><span style="font-weight: 400">These principles make NFL teasers particularly profitable since there are numbers by which contests are often decided. This contrasts with the less predictable nature of basketball points, which are accrued in generally smaller denominations. Plus basketball is much higher scoring. Still, NBA teasers can be profitable; it is just more difficult to ascertain which numbers are more beneficial based on particular point differentials.</span></p>



<p><span style="font-weight: 400">Teasers are one of the few ways in sports betting to gain particularly advantageous odds on your selections. The key is balancing the number of choices you add to your teaser card and their relative value to maximize profitability on this exciting version of parlay betting.</span></p>



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What Is A Teaser Bet In Sports Betting?


<h2 class="wp-block-heading">Live betting meaning</h2>



<p><span style="font-weight: 400">Live betting is an excellent way to enjoy sports wagering action on events that have already started. Also referred to as &#8220;in-game&#8221; betting, live odds and lines are generated by top sportsbooks non-stop as sporting events continue. This allows astute sports fans to look for in-game opportunities to jump on beneficial lines and odds before they move, although may be slightly more costly in <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/juice-betting/">sportsbook juice</a></strong>.</span></p>



<h2 class="wp-block-heading">Live Sports Betting Explained (in-game betting)</h2>



<p><span style="font-weight: 400">Live betting is exactly what it sounds like the opportunity to bet on live sporting events in real time as they occur. In contrast to betting on an event before the game, you can wager on constantly updated lines and <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/">betting odds</a></strong> throughout the sporting event. In particular instances, you can even wager on very micro outcomes like what will happen in the next play or possession of a game.</span></p>



<p><span style="font-weight: 400">A common reason to live bet is simply that you enjoy wagering and want more action on a sporting event you are already watching as opposed to what you would be able to obtain by betting before it starts. Yet there are also more lucrative reasons, such as finding beneficial lines and odds based on closely following sporting events and finding in-game edges. Let&#8217;s take a look at what sports you can live bet.</span></p>



<h2 class="wp-block-heading">Which sports can you bet on in-game?</h2>



<p><span style="font-weight: 400">The more popular a sport is, the more likely you can live bet, and the more in-game betting options will be available. It takes a lot of resources for sportsbooks to maintain constantly changing in-game odds, and is only worth it for sports with large followings.&nbsp;</span></p>



<p><span style="font-weight: 400">In the US, you will find the most options in football by a considerable margin. Basketball in-game live betting is also prevalent. You may find some options for baseball and hockey, but not as many. Other sports where you may find live betting options on US sportsbooks include soccer and tennis.</span></p>



<p><span style="font-weight: 400">At most sportsbooks, you will see a &#8220;live now&#8221; or equivalent tab showing what games are in progress and available for in-game betting. They will be separated by sport for easy organization. Another way to find live betting options is to click on a sport, find the live games and you will see what in-game bets are available. It is wise to look at multiple sportsbooks when betting live to find the most advantageous lines and odds, as they can differ.</span></p>



<h2 class="wp-block-heading">What live bets can you make during a game?   </h2>



<p><span style="font-weight: 400">Let&#8217;s look at what types of bets are commonly available for in-game betting through the lens of the most common live betting sports in the US. These are not necessarily the only options but the ones you will most frequently see at the top US sportsbooks.</span></p>



<h3 class="wp-block-heading"><strong><a href="https://www.pickswise.com/nfl/">Football</a></strong></h3>



<ul>
<li><strong>Money line</strong>: <span style="font-weight: 400">Just like money line betting before a game starts, you will see that the money line odds in a football game are constantly being updated throughout the game. Of course, if a team gets ahead, their money line odds will move so that you will get paid less if they win, and vice versa for the team that is now behind. An example would be a favorite, say the Kansas City Chiefs, moving from -140 to -200 upon scoring a touchdown, while the underdog, for instance, the Las Vegas Raiders, would move from +120 before the game to +160.</span></li>



<li><strong>Point spread</strong>: <span style="font-weight: 400">As the money line moves with scoring, so does the point spread. Using the same teams as an example, perhaps the Kansas City Chiefs start as -3.5 favorites and, upon going ahead, are now -7 favorites, while the Raiders, as underdogs, move from +3.5 to +7.</span></li>



<li><strong>Game totals</strong>: <span style="font-weight: 400">You will also see the total moves as points are scored. Perhaps the Kansas City/Las Vegas game starts with a total of 48.5, and the game is only 7-7 at halftime. In this case, you will see the total move down considerably to something like 34.5. If the first half is high scoring, like 21-17, then the total could move up to something like 59.5.</span></li>



<li><strong><strong><a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/">Game pr</a><a href="https://www.pickswise.com/sports-betting/educational-guides/prop-bets/">ops</a></strong></strong>:<span style="font-weight: 400"> You won&#8217;t always see live game props except during the Super Bowl and playoffs, but you may see some games where live odds are available for stats like total touchdowns and total interceptions amongst other markets.</span></li>



<li><strong>Player props</strong>:<span style="font-weight: 400"> You will see more player props in big games like the <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/how-to-bet-on-super-bowl/">Super Bowl</a></strong> and the playoffs, but you can find some during the regular season. An example would be that perhaps a wide receiver&#8217;s total yardage prop is set before the game at 69.5, and they have already reached 51 receiving yards in the first half. You may then see a new line set considerably higher to something like 87.5.</span></li>
</ul>



<h3 class="wp-block-heading"><b><strong><a href="https://www.pickswise.com/nba/">Basketball</a></strong></b></h3>



<ul>
<li><strong>Money line</strong>:<span style="font-weight: 400"> As points are scored by each team, the money line will move. Perhaps the Golden State Warriors are favored over the Los Angeles Lakers and have odds of -120. If they get up to a considerable lead, you may see them move to -160. You will then see reverse movement on the Lakers as the underdog.</span></li>



<li><strong>Point spread</strong>: <span style="font-weight: 400">The point spread will also move under the same circumstance. Perhaps Golden State was a -3 favorite, and upon gaining a five-point lead, they are now -6. </span></li>



<li><strong><a href="https://www.pickswise.com/sports-betting/educational-guides/over-under-betting/">Game totals</a></strong>: <span style="font-weight: 400">Say the over/under on the Warriors/Lakers game was 210.5 before to game time, and the score is 68-58 at the half. You will see the over/under moved up as it is highly likely to exceed the original total.</span></li>



<li><strong>Player props</strong>: <span style="font-weight: 400">You will see a similar movement with player props. Perhaps a player has a three-point over/under of 5.5, and he now has five at half-time. Of course, the over/under must move up as he is highly likely to exceed the original total. </span></li>
</ul>



<h3 class="wp-block-heading"><b><strong><a href="https://www.pickswise.com/mlb/">Baseball</a></strong></b></h3>



<ul>
<li><strong><a href="https://www.pickswise.com/sports-betting/educational-guides/money-line-betting/">Money line</a></strong>:<span style="font-weight: 400"> In baseball, you will see the money line move as teams score. Perhaps the Philadelphia Phillies are initially -150 favorites over the New York Mets, and they get ahead by two runs. The line may then move to something like -250 on the Phillies while the Mets become more significant underdogs.</span></li>



<li><strong>Run line</strong>: <span style="font-weight: 400">Run lines will also move as scoring happens. Either the odds or the actual run line will move depending on the scoring discrepancy. Run lines generally start at 1.5 but can move considerably as the action unfolds.</span></li>



<li><strong>Game totals</strong>:<span style="font-weight: 400"> You will also see the total adjusted as the action happens. Perhaps the Phillies/Mets game starts with a total of 7.5 and is already 3-3 in the fourth inning. The total will increase since it is more likely to surpass 7.5.</span></li>



<li><strong>Player props</strong>:<span style="font-weight: 400"> Live player props are less common in baseball, particularly outside of the playoffs, but you may see some available. A great example would be a starting pitcher&#8217;s strikeout total. Perhaps it starts at over/under 6.5, but the pitcher already has six strikeouts in the third inning. You will now see the total rise since the pitcher is likely to surpass the original over/under, but you must also take into account the number of innings that the pitcher is likely to feature in.</span></li>
</ul>



<h3 class="wp-block-heading"><b><a href="https://www.pickswise.com/nhl/"><strong>Hockey</strong></a></b></h3>



<ul>
<li><strong>Money line</strong>: <span style="font-weight: 400">The money line will move in a hockey game as goals are scored by either team. Perhaps the Boston Bruins are -260 favorites over the Montreal Canadiens and they are up by three goals early in the game. These odds will move considerably, making the Bruins even larger favorites while the Canadiens become bigger underdogs.</span></li>



<li><strong>Puck line</strong>:<span style="font-weight: 400"> You will see the same sort of movement that you do on the money line on the puck line either on the puck line itself or the odds associated with it. While puck lines generally start at 1.5, they can move considerably based on scoring discrepancies.</span></li>



<li><strong>Game totals</strong>:<span style="font-weight: 400"> Just like with every other sport, the live game total must move in hockey as scoring occurs. If the total is set at 5.5 and the game is already 3-2 halfway through the second period, the total will be moved up considerably as the game is highly likely to eclipse the original 5.5 total.</span></li>



<li><strong><strong><a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/">Player pr</a><a href="https://www.pickswise.com/sports-betting/educational-guides/prop-bets/">ops</a></strong></strong>:<span style="font-weight: 400"> While live player props are not as common for the NHL, when available you will see them move as the game goes on. These would include lines and odds on individual player stats like goals, assists, points and more moving as stats are accrued in-game.</span></li>
</ul>



<h2 class="wp-block-heading"><b>How are live betting odds and live betting lines calculated?</b></h2>



<p><span style="font-weight: 400">As a game unfolds, betting operators move lines and odds according to analytical models. Of course, as teams score, money lines and point spreads will move since one or the other team becomes more likely to win. As points score overall, totals will move since the over or under becomes more likely. This will also occur with props since as stats are accrued, over/under on them become more or less likely.</span></p>



<p><span style="font-weight: 400">It is critical to note that you will often see freezes in live betting odds being available at critical moments in games. It would seem easy to immediately jump on an MLB team right after they hit a grand slam or the opponent of a basketball team where a star player gets ejected.&nbsp;</span></p>



<p><span style="font-weight: 400">Of course, sportsbooks would lose money if this was possible, so they will remove live betting options temporarily when events like this occur until they can properly adjust the odds and lines. This does not mean you might not occasionally be able to find inefficient odds and lines based on live events.</span></p>



<h2 class="wp-block-heading"><b>What are the advantages of live betting&nbsp;</b></h2>



<ul>
<li><b>Live reaction:</b><span style="font-weight: 400"> The ability to react to live events can enable you to make quick and smart decisions to react to inefficient lines and odds based on in-game happenings.</span></li>



<li><b><a href="https://www.pickswise.com/sports-betting/educational-guides/hedge-betting/">Hedging</a>: </b><span style="font-weight: 400">You may find situations where you can hedge your pregame wager via live betting. Perhaps you have a pre-game bet on a +400 underdog who now appears highly likely to win. You could place a smaller bet on the opponent using in-game betting to guarantee yourself a profit in either eventuality.</span></li>



<li><b>Looser odds: </b><span style="font-weight: 400">It is difficult for operators to maintain live lines and odds with the same efficiency as they can pre-game. You are more likely to find lucrative bets during the action for this reason.</span></li>
</ul>



<h2 class="wp-block-heading"><b>What are the disadvantages of live betting&nbsp;</b></h2>



<ul>
<li><b>Logistical issues:</b><span style="font-weight: 400"> It can be hard to find an adequate amount of live betting options depending on what sport and game you are looking at. Sometimes it may seem like more trouble than it&#8217;s worth, particularly for recreational bettors.</span></li>



<li><b>Line freezes:</b><span style="font-weight: 400"> Since lines will freeze at opportune moments, it can be frustrating to try to jump on what would be beneficial bets due to in-game events and find that the lines/odds are unavailable.</span></li>



<li><b>Less reaction time: </b><span style="font-weight: 400">Unless you are a highly astute bettor, it can be difficult to make quick decisions in-game on constantly moving lines and odds. This contrasts with placing wagers before games which allows you to extensively research your selections.</span></li>
</ul>



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What Is Live Betting & How Does It Work In Sports Betting?


<p><span style="font-weight: 400">There are not many ways in sports betting to guarantee a profit in any given situation, but hedge betting is one of them. You will only occasionally be able to hedge, but when you are able, you should consider the option. The general concept of hedge betting involves betting on the opposite outcome of a previously placed wager once you have noted that you are in a position to profit. Let&#8217;s look at the details of this bet type and how and when to do it, although, you can read our more extensive <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/how-to-bet/">betting guide here</a></strong>.</span></p>



<h2 class="wp-block-heading">Hedging your bets in sports betting definition</h2>



<p><span style="font-weight: 400">Hedging a bet is to make an additional wager different from a bet you have already placed, often the opposite, that reduces the risk for loss or guarantees profit. Through hedging, the bettor can profit or reduce their chance of net loss whatever the outcome of the event. This makes hedging about as close to a &#8220;sure thing&#8221; as you will find in the world of sports betting.</span></p>



<p><span style="font-weight: 400">There are many ways to place hedge bets, including <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/futures-betting/">futures</a></strong>, parlays and live betting. In hedging a futures bet, you would wager on a different outcome than your original bet while the first wager is still in play. An example would be that you have a futures bet on an <strong><a href="https://www.pickswise.com/nba/">NBA</a></strong> team to win the championship and later bet on a different team.</span></p>



<p><span style="font-weight: 400">Parlay hedging involves betting on an individual outcome different from one leg in a parlay. This can make it so that you will win either the parlay or the individual bet. Live bet hedging involves wagering on a side to win during the game when you have already placed a bet on the other side.</span></p>



<h2 class="wp-block-heading">When should you hedge a bet?</h2>



<p><span style="font-weight: 400">As a rule of thumb, if you can hedge to reduce your risk of loss or guarantee yourself a profit, it is likely the right decision. Of course, there is an argument for holding out on your initial wager, hoping for a more significant payday. However, it would generally be considered the right decision when you can guarantee a profit in sports betting.</span></p>



<p><span style="font-weight: 400">For an excellent example of a positive hedge opportunity, let&#8217;s look at a futures bet on an <strong><a href="https://www.pickswise.com/mlb/">MLB</a></strong> team to win the World Series. Perhaps you have bet on the Chicago White Sox at +3000 to win it all and they have made it to the World Series. Say they are playing the Los Angeles Dodgers, and the odds on the now-set matchup for LA to win are -150. You could place a wager on the Dodgers, guaranteeing a significant profit margin regardless of which team wins.</span></p>



<p><span style="font-weight: 400">For <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/parlay-betting/">parlays</a></strong>, a good example is that you have a five-team parlay going. Four of the five teams have already won. By betting on the opposite team to your fifth selection, you will either win the parlay or win the individual bet and can guarantee yourself a profit.</span></p>



<h2 class="wp-block-heading">How to hedge a bet   </h2>



<p><span style="font-weight: 400">Now that you understand the concept of hedging, it is vital to grasp precisely how to hedge appropriately. This involves perfecting the math to maximize the profit on your hedge bet. For an easy example, we will consider the hypothetical White Sox vs Dodgers World Series.</span></p>



<p><span style="font-weight: 400">Perhaps you bet $100 on the White Sox at +3000 to win the World Series on the futures market. They are now in the Fall Classic, and you stand to win $3,000 if they pull it off. They are playing the Dodgers, who are -150 to win the World Series now that the matchup has been set. Of course, you can let your original bet ride and win $3,000 or lose $100.</span></p>



<p><span style="font-weight: 400">Yet you can guarantee yourself some profit by betting on the Dodgers. The maximum profit would be obtained by betting $1,860 on the Dodgers. This way, you will win $1,140 if either team wins. There are other amounts you can bet and still guarantee yourself some profit, yet if you choose to hedge, you would generally attempt to maximize the winnings regardless of the outcome.</span></p>



<h2 class="wp-block-heading">Examples of hedging bets</h2>



<p><span style="font-weight: 400">While we have already given some examples to illustrate the general concept of hedging, let&#8217;s get into a few more specifics. We&#8217;ll talk about the common forms of hedging, including futures, parlay, single-wager and <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/live-betting/">live betting</a></strong>.</span></p>



<h3 class="wp-block-heading">Hedging a futures bet</h3>



<p><span style="font-weight: 400">Futures hedging is very common since to hedge you generally need a previous bet to have come to fruition on some level before hedging. A great example is that you have bet on a team to win a championship, and they are now in the championship game. By betting on the team they face, you guarantee yourself a profit. You can opt for the maximum possible profit on either side or try for a more significant profit if one wager comes through while guaranteeing some winnings or at least that you won&#8217;t lose money.</span></p>



<p><span style="font-weight: 400">The example we have used with the White Sox and Dodgers is an excellent way to illustrate this idea, and this type of scenario could apply to any sport or two teams. This is the most clear example since there are only two outcomes at that point. Yet, you could even hedge at an earlier position, such as if the team you bet on has made the conference finals and only four possible teams can win the championship. Futures betting gives you an excellent opportunity to set up hedging situations, and this is arguably one of the number one reasons to consider hedge betting.</span></p>



<h3 class="wp-block-heading">Hedging an individual wager </h3>



<p><span style="font-weight: 400">You can even hedge a simple individual bet on a game by tracking live odds. Perhaps you have bet on a team, and they are off to a strong start and far more likely to win than their initial odds would indicate. You can now see in-game odds movement and bet on the opposite side at increased odds. Using an optimal number, you can guarantee yourself some profit.</span></p>



<p><span style="font-weight: 400">An example would be that you have bet $100 on a +110 <strong><a href="https://www.pickswise.com/nfl/">NFL</a></strong> team on the <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/money-line-betting/">money line</a></strong>, say the Las Vegas Raiders, and they get considerably ahead in the game. Now the other side, say the Denver Broncos, is +250. If you bet $60 on the Broncos at +250, you guarantee yourself $50 of profit regardless of which team wins. Of course, you would need to consider whether you believe that your original wager is so likely to win that you&#8217;d instead let it ride. Yet, in the case of hedging, you inherently guarantee a profit, which is hard to argue with in many cases.</span></p>



<h3 class="wp-block-heading">Hedging using live betting</h3>



<p><span style="font-weight: 400">Hedging using live betting is essentially the same as what we have discussed above with individual wagers. It requires carefully tracking live <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/">betting odds</a></strong> movement in sporting events and quickly calculating when, how and if to place a hedge bet. For an example of how to hedge and guarantee yourself a profit, our above individual wager example applies. Yet, there are also scenarios where although you can&#8217;t guarantee a profit, you can still reduce your losses.</span></p>



<p><span style="font-weight: 400">Let&#8217;s use our above example. on a team that gets considerably behind in a game. You&#8217;ve bet $100 on the +110 Raiders, but instead of getting off to a hot start, they are losing by a significant margin. The Broncos have now moved to -250 in the live betting lines. You can&#8217;t guarantee a profit by hedging, but you can mitigate your losses. By placing a $150 wager on the Broncos, you&#8217;ve now bet $250, and the most you can lose is $40. Whereas had you not hedged, you would be sure to lose $100 in the case of a Raiders loss.&nbsp;</span></p>



<p><span style="font-weight: 400">Of course, you must carefully analyze whether you think your original bet has any chance. If the Raiders win, you&#8217;ve lost $40 when you could have won $110. Yet, if you are entirely confident that the Raiders will not win, you save yourself $60 in losses by hedging. This is why it is essential to follow the live betting lines and what is occurring in the game closely and make these decisions promptly.</span></p>



<h3 class="wp-block-heading">Hedging a parlay bet</h3>



<p><span style="font-weight: 400">Another common way to hedge involves parlays. Let&#8217;s say that you have a five-team $100 NBA money line parlay involving the Bulls (+110), Lakers (+150), Knicks (+170), Suns (-140) and Nuggets (-150). The games are staggered, and all teams have played and won except for the Nuggets. If you leave the bet as it is, you stand to win a considerable profit if the Nuggets come through. Yet, if they don&#8217;t, you lose your wager and come away empty-handed.</span></p>



<p><span style="font-weight: 400">Perhaps the Nuggets are <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/">favorites</a> </strong>vs. the Utah Jazz, and Utah is a +130 underdog. Since you would have considerable winnings coming in on the five-team parlay, you can bet on the Jazz to win at this point and guarantee yourself a reasonable profit and no chance of a loss. The odds on the original parlay are +3950, meaning you stand to win $3,950 for your $100 wager if the Nuggets win. If you bet $1,760.87 on the Jazz, you guarantee a profit of $2,189.13 regardless of which team wins.</span></p>



<p><span style="font-weight: 400">Yes, you have counted yourself out of a possible $3,950 win, but you will come away with over $2,000 in winnings rather than the potential for a $100 loss. This is why it is imperative to consider parlay hedging whenever you have an opportunity. Many bettors would happily take the guaranteed profit in such an instance, yet you must be aware of your chance to hedge and jump on it.</span></p>



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What Does Hedge Mean In Sporting Betting?


<h2 class="wp-block-heading">Sports Betting Juice Definition</h2>



<p><span style="font-weight: 400">Sports betting can be an exciting and potentially profitable activity, but it&#8217;s important to understand the various terms and concepts involved to make informed decisions. One such concept is the term &#8220;juice,&#8221; which refers to the commission or fee charged by a sportsbook or bookmaker for accepting a wager. This commission is also known as the vigorish or &#8220;vig&#8221; for short.</span></p>



<p><span style="font-weight: 400">Juice is an important factor to consider when making bets in the world of sports betting. It helps sportsbooks make a profit regardless of the outcome of a game. By charging a commission on each wager, they can ensure that they make money in the long run, regardless of whether the majority of bettors win or lose their bets.</span></p>



<h2 class="wp-block-heading">Is vigorish the same as juice?</h2>



<p><span style="font-weight: 400">Yes, the definition of &#8220;vigorish&#8221; is the same as juice. It is just another term used to refer to the commission or fee charged by a sportsbook or bookmaker for accepting wagers. Both terms refer to the percentage of the total amount wagered that is retained by the sportsbook as profit.</span></p>



<p><span style="font-weight: 400">The terms &#8220;juice&#8221; and &#8220;vig&#8221; are used interchangeably in the sports betting industry and essentially mean the same thing. They are both important concepts to understand when making bets, as they affect the potential payout and profitability of a betting strategy. By taking the juice or vig into account and comparing <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/">betting odds</a></strong> and juice rates across different sportsbooks, you can make more informed and potentially profitable betting decisions.</span></p>



<h2 class="wp-block-heading">What does juice mean in sports betting?</h2>



<p><span style="font-weight: 400">In sports betting, a bookmaker or sportsbook will typically offer odds on a particular game or event. These odds represent the implied probability of a particular outcome occurring, and they are expressed as a ratio of the potential payout to the initial stake. For example, if the odds on a particular outcome are listed as +200, you could stand to win $200 if they wagered $100 and that outcome occurred.</span></p>



<p><span style="font-weight: 400">However, sportsbooks and bookmakers need to make money to stay in business, so they charge a commission or fee on each wager. This fee is typically included in the odds and is commonly referred to as the &#8220;juice&#8221; or &#8220;vig.&#8221; The juice is expressed as a percentage of the total amount wagered and represents the bookmaker&#8217;s profit margin.</span></p>



<p><span style="font-weight: 400">For example, let&#8217;s say that a sportsbook offers odds on a <span style="font-weight: 400"><strong><a href="https://www.pickswise.com/nfl/">football</a></strong></span> game with a juice of 10%. If you wager $100 on one team to win, they will need to risk $110 to win $100. The extra $10 represents the juice or commission charged by the sportsbook. If you win the wager, they will receive a payout of $210 ($100 stake plus $100 winnings minus $10 juice). If you lose the wager, the sportsbook keeps the $110.</span></p>



<p><span style="font-weight: 400">The amount of juice charged by a sportsbook can vary depending on the particular game or event, the betting market, and other factors. Higher juice rates can make it more difficult to turn a profit over the long term, so you need to consider the juice as part of your overall <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/how-to-bet/">betting strategy</a></strong>.</span></p>



<h2 class="wp-block-heading">How is sports betting juice calculated?</h2>



<p><span style="font-weight: 400">Sports betting juice or vigorish is calculated as a commission or fee charged by the sportsbook or bookmaker for accepting wagers. The juice is typically expressed as a percentage of the total amount wagered.</span></p>



<p><span style="font-weight: 400">In general, sportsbooks aim to set their juice rates so that they can earn a profit regardless of the outcome of a particular event. The exact juice rate can vary depending on several factors, including the popularity of the event, the betting market and the teams or players involved.</span></p>



<p><span style="font-weight: 400">Here&#8217;s an example of how juice is calculated in sports betting:</span></p>



<p><span style="font-weight: 400">Say a sportsbook offers odds of -110 on a particular game. This means that you would need to wager $110 to win $100, with the extra $10 representing the juice or commission charged by the sportsbook.</span></p>



<p><span style="font-weight: 400">To calculate the juice as a percentage, we divide the amount of juice by the total amount wagered:</span></p>



<p><span style="font-weight: 400">$10 juice / $110 total wagered = 0.091 or 9.1%</span></p>



<p><span style="font-weight: 400">In this case, the juice or vigorish for this bet is 9.1%.</span></p>



<p><span style="font-weight: 400">It&#8217;s important to note that juice betting rates can vary across different sportsbooks and betting markets. And we encourage you to shop around and compare juice sports betting rates to ensure that you are getting the best value for your bets.</span></p>



<h2 class="wp-block-heading">Juice sports betting examples</h2>



<p><span style="font-weight: 400">Here are some examples of how &#8220;juice&#8221; is used in sports betting:</span></p>



<ul>
<li><span style="font-weight: 400">If a sportsbook offers odds of -110 on a particular game, this means that you would need to wager $110 to win $100, with the extra $10 representing the juice or commission charged by the sportsbook.</span></li>



<li><span style="font-weight: 400">In a <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/money-line-betting/">money line</a></strong> bet, the juice can vary depending on which team is <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/favorite-betting/">favored to win</a></strong>. For example, if one team is heavily favored, the juice on a money line bet for that team may be higher than the juice for the underdog.</span></li>



<li><span style="font-weight: 400">When betting on <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/point-spread-betting/">point spreads</a></strong> or <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/over-under-betting/">game totals</a></strong>, the juice can vary depending on the particular line being offered by the sportsbook. For example, a point spread of -3 with a juice of -110 may be offered at one sportsbook, while another sportsbook may offer the same point spread with a juice of -105.</span></li>



<li><span style="font-weight: 400">The juice can also vary depending on the type of bet being placed. For example, a <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/parlay-betting/">parlay</a></strong> bet may have a higher juice than a straight bet due to the increased risk and potential payout of the parlay.</span></li>
</ul>



<p><span style="font-weight: 400">In general, understanding the juice and how it affects the potential payout and profitability of a bet is an important part of a sports betting strategy. It&#8217;s important to compare juice rates across different sportsbooks and betting markets to ensure that you are getting the best value for your bets. Let&#8217;s take a look at examples of some of the more popular bet types.</span></p>



<h3 class="wp-block-heading">Is there juice on the money line?</h3>



<p><span style="font-weight: 400">Yes, there can be juice or vigorish on the money line in sports betting. In a money line bet, the juice is typically included in the odds offered by the sportsbook or bookmaker. The juice for a money line bet is expressed in the same way as for other types of bets, as a percentage of the total amount wagered.</span></p>



<p><span style="font-weight: 400">To explain it, let&#8217;s say that a sportsbook offers the following money line odds for an NFL game between the Philadelphia Eagles and Kansas City Chiefs: Philadelphia Eagles +180 and Kansas City Chiefs -220.</span></p>



<p><span style="font-weight: 400">In this example, the Kansas City Chiefs are favored to win the game, so their money line odds are negative, while the Philadelphia Eagles are the underdogs, so their money line odds are positive. If we calculate the juice as discussed in the section above, this means that the sportsbook is charging a juice or commission of 10.71% for the Eagles money line bet. However, the sportsbook is only charging a juice or vig of 6.89% for the Chiefs money line bet.</span></p>



<h3 class="wp-block-heading">Is there juice on futures wagers?</h3>



<p><span style="font-weight: 400">There can be juice or vigorish on futures wagers in sports betting. A <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/futures-betting/">futures</a></strong> bet is a type of bet that is placed on the outcome of an event that is scheduled to take place in the future, such as a championship or tournament. The juice for a futures bet is typically included in the odds offered by the sportsbook or bookmaker.</span></p>



<p><span style="font-weight: 400">For example, let&#8217;s say you want to place a futures bet on the winner of the upcoming <a href="https://www.pickswise.com/news/early-2024-25-nhl-stanley-cup-final-winner-season-odds-predictions-best-bets-and-longshot-picks/"><strong>NHL Stanley Cup</strong></a>. The sportsbook might offer the following odds:</span></p>



<ul>
<li><span style="font-weight: 400">Boston Bruins +460</span></li>



<li><span style="font-weight: 400">Colorado Avalanche +600</span></li>



<li><span style="font-weight: 400">Carolina Hurricanes +700</span></li>



<li><span style="font-weight: 400">Toronto Maple Leafs +950</span></li>



<li><span style="font-weight: 400">New York Rangers +1060</span></li>
</ul>



<p><span style="font-weight: 400">In this example, the juice or vigorish is already included in the odds offered by the sportsbook. The odds for each team reflect the probability of that team winning the <strong><a href="https://www.pickswise.com/nhl/">NHL</a></strong> Stanley Cup Championship, as assessed by the sportsbook, with the juice included.</span></p>



<p><span style="font-weight: 400">Using our calculations once again, this is how the juice looks for each of those teams:</span></p>



<ul>
<li><span style="font-weight: 400">Boston Bruins 2.8%</span></li>



<li><span style="font-weight: 400">Colorado Avalanche 2.7%</span></li>



<li><span style="font-weight: 400">Carolina Hurricanes 1.25%</span></li>



<li><span style="font-weight: 400">Toronto Maple Leafs 0.1%</span></li>



<li><span style="font-weight: 400">New York Rangers -0.1%</span></li>
</ul>



<p><span style="font-weight: 400">We can see that for all of the teams except the New York Rangers, the sportsbook is charging a juice or commission ranging from 1.25% to 2.8%. For the New York Rangers, the juice is negative, which means that the sportsbook is offering slightly better odds than the implied probability would suggest.</span></p>



<h3 class="wp-block-heading">Is there juice against the spread?</h3>



<p><span style="font-weight: 400">Yes, juice can apply to bets against the spread of sports betting. When betting against the spread, the juice is typically included in the odds offered by the sportsbook or bookmaker. For example, if a sportsbook offers odds of -110 on a point spread bet, you would need to wager $110 to win $100, with the extra $10 representing the juice or commission charged by the sportsbook.</span></p>



<p><span style="font-weight: 400">In point spread betting, the juice can vary depending on the particular line being offered by the sportsbook. The juice may be higher or lower depending on factors such as the teams involved, the popularity of the game, or the betting market.</span></p>



<p><span style="font-weight: 400">For a better example we&#8217;ll take a look at an <strong><strong><a href="https://www.pickswise.com/nba/">NBA</a></strong></strong> points spread bet on the Golden State Warriors with -4.5 at odds of -110 and the Los Angeles Lakers at +4.5 also at odds of -110. This means that the implied probability is the same for both outcomes, suggesting it could be a close game. With the calculations above, this means the sportsbook is charging a vigorish or juice of 5.26% for both the Warriors and Lakers point-spread bets.</span></p>



<h2 class="wp-block-heading">Closing thoughts on juice betting</h2>



<p><span style="font-weight: 400">In conclusion, understanding the concept of juice is essential for anyone who wants to engage in sports betting. Juice can vary across different types of bets, including money line, point spread and futures wagers, and it can also vary between different sportsbooks and betting markets. Knowing how to calculate juice and identify high and low juice rates can help you make more informed decisions and maximize your potential profits.</span></p>



<p><span style="font-weight: 400">It&#8217;s important to remember that while juice can be an unavoidable part of sports betting, it&#8217;s also a way for sportsbooks to make a profit. As such, you should always approach betting with a responsible and disciplined mindset and never wager more than you can afford to lose.</span></p>



<p><span style="font-weight: 400">Ultimately, understanding the concept of juice is just one aspect of successful sports betting. To become a successful bettor, you must also have a deep understanding of the sport, use sound strategies and analysis and be disciplined in managing your bankroll. By combining all of these elements, you can increase their chances of success in the long run.</span></p>



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What Is Juice In Sports Betting?


<h2 class="wp-block-heading">What does &#8220;betting units&#8221; mean?</h2>



<p><span style="font-weight: 400">&#8220;Betting units&#8221; refers to a standardized measure of the size of a bet. A betting unit is typically a percentage of the total bankroll or the amount of money you are willing to risk on a particular bet.</span></p>



<h2 class="wp-block-heading">Sports Betting Units Explained</h2>



<p><span style="font-weight: 400">In betting, the exact value of a unit can vary depending on your preferences and the size of your bankroll.</span></p>



<p><span style="font-weight: 400">Typically, a unit is a percentage of the total bankroll that you are willing to risk on a given bet. For example, if you have a bankroll of $1,000 and you decide to use 1% of your bankroll as a betting unit, then each bet you place will be $10. Alternatively, if you choose to use 2% of your bankroll as a betting unit, then each bet you place will be $20.</span></p>



<p><span style="font-weight: 400">Using units helps you to manage your bankroll more effectively by setting a consistent and manageable amount to bet on each wager. This can help you avoid making emotional or impulsive decisions and prevent you from losing large sums of money on any given bet. Additionally, using units can help you track your performance over time and make adjustments to your betting strategy as necessary.</span> Check out a comprehensive <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/how-to-bet/">&#8216;How to Bet&#8217; guide here</a></strong> to learn even more about the intricacies of online betting.</p>



<h2 class="wp-block-heading">How much is a unit in sports betting?</h2>



<p><span style="font-weight: 400">A unit is a standardized bet amount used to measure the level of confidence in a particular wager. Some bettors will risk multiple units if they believe they have a strong advantage, like when submitting <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/parlay-betting/">parlays</a></strong>. The use of units provides a universal measuring system, which allows for an accurate comparison of handicapping abilities.</span></p>



<p><span style="font-weight: 400">Unlike money, which is specific to each bettor and dependent on their bankroll size, units provide a level playing field. For example, you might decide to put thousands of dollars at stake on a single wager, while a different bettor might wager just $10 or $20. Units, however, allow for an accurate comparison of their success.</span></p>



<p><span style="font-weight: 400">To determine your unit size, you must consider your bankroll. For instance, if you have a $100 bankroll for the season, one unit could be $1 or $5. If you have a $1,000 bankroll, one unit could be $10, $20, $50 or $100. Ultimately, the size of your unit will depend on your risk tolerance and betting strategy.</span></p>



<h2 class="wp-block-heading">How do I calculate my units?</h2>



<p><span style="font-weight: 400">To calculate your units for sports betting, you will need to determine the percentage of your bankroll you are willing to risk on each separate bet. Here are the steps to follow:</span></p>



<ol>
<li><span style="font-weight: 400"><strong>Determine your bankroll:</strong> First, decide how much money you are willing to allocate for sports betting. This will be your starting bankroll.</span></li>



<li><span style="font-weight: 400"><strong>Decide on your unit size:</strong> Next, decide what percentage of your bankroll you are willing to risk on each individual bet. As mentioned earlier, most experts recommend using a unit size of 1% to 5% of your bankroll, depending on your risk tolerance.</span></li>



<li><span style="font-weight: 400"><strong>Calculate your unit value:</strong> Once you have determined your unit size, you can calculate the value of each unit by multiplying it by your bankroll. For example, if your bankroll is $1,000 and your unit size is 2%, then each unit would be worth $20 (i.e., 0.02 x $1,000 = $20).</span></li>



<li><span style="font-weight: 400"><strong>Use your units to place bets:</strong> Finally, use your units to place bets on the markets of your choice. Each bet you place should be expressed in terms of units rather than the actual dollar amount. For example, if you want to bet $50 on a particular game and your unit size is $20, then you would place a bet of 2.5 units (i.e., $50 / $20 per unit = 2.5 units).</span></li>
</ol>



<h2 class="wp-block-heading">Risking multiple units</h2>



<p><span style="font-weight: 400">Risking multiple units in sports betting means wagering an amount greater than one unit, typically due to a higher level of confidence in a particular bet. For example, if you typically risk one unit per bet, you may choose to risk two or three units on a particular wager if you feel you have a strong advantage or if the <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/">betting odds</a></strong> are in your favor.</span></p>



<p><span style="font-weight: 400">The decision to risk multiple units should be based on careful consideration of the potential risks and rewards of the bet. You should try to have a well-defined strategy and disciplined approach to money management to avoid overextending yourself and risking your entire bankroll on a single bet.</span> Maybe instead of betting on a team&#8217;s <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/point-spread-betting/">money line</a></strong>, bet on the <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/point-spread-betting/">spread</a></strong> or <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/over-under-betting/">game total</a></strong> instead for more cushion, or vice versa.</p>



<p><span style="font-weight: 400">Risking multiple units is a common practice among experienced and successful sports bettors, as they use their knowledge and expertise to identify opportunities where they can gain an edge and maximize their profits. However, it is important to remember that there is always an element of uncertainty in sports betting, and even the most confident bettor can experience losses. Therefore, it is crucial to maintain a long-term perspective and not get carried away with the temptation to risk too much on a single bet.</span></p>



<h2 class="wp-block-heading">What does it mean when a bettor says they&#8217;re +50 units for the season?</h2>



<p><span style="font-weight: 400">When a bettor says they&#8217;re &#8220;+50 units for the season,&#8221; it means that they have earned a profit of 50 times the value of their unit size throughout the season.</span></p>



<p><span style="font-weight: 400">As unit betting is typically expressed as a percentage of your overall bankroll, if your bankroll is $1,000 and you decide to use a unit size of $20 (i.e., 2% of your bankroll), then you would have 50 units available for betting purposes.</span></p>



<p><span style="font-weight: 400">If you were to earn a profit of $1,000 throughout the season (i.e., 50 x $20 units), then you could accurately say that you are &#8220;+50 units for the season.&#8221; This indicates that you have successfully used your betting strategy to earn a consistent profit over time.</span></p>



<h2 class="wp-block-heading">Some helpful tips for unit betting</h2>



<p><span style="font-weight: 400">Here are some tips for unit betting in sports:</span></p>



<ol>
<li><span style="font-weight: 400">Establish a clear and disciplined approach to money management. Before you start betting with units, it&#8217;s important to have a well-defined strategy for managing your bankroll. This should include guidelines for determining your unit size, as well as rules for when to increase or decrease your unit size based on your performance.</span></li>



<li><span style="font-weight: 400">Be consistent with your unit size. Consistency is key when it comes to unit betting. Stick to a set unit size for all of your bets and avoid the temptation to increase your unit size on a whim. This will help you maintain a disciplined and focused approach to sports betting.</span></li>



<li><span style="font-weight: 400">Avoid chasing losses. One of the biggest mistakes that bettors make is chasing their losses by increasing their unit size to try to recoup losses quickly. This is a risky strategy that can quickly deplete your bankroll. Instead, stick to your established unit size and remain patient.</span></li>



<li><span style="font-weight: 400">Focus on value bets. To maximize your profits over time, it&#8217;s important to identify value bets that offer a positive expected value (EV). Look for betting opportunities where the odds are in your favor (betting on <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/favorite-betting/">favorites</a></strong>) rather than just betting on your favorite teams or players.</span></li>



<li><span style="font-weight: 400">Keep track of your performance. To accurately measure your success over time, keep detailed records of all of your bets and track your performance in terms of units won or lost. This will help you identify areas where you need to improve your <strong><a href="https://www.pickswise.com/sports-betting/educational-guides/betting-odds/">betting strategy</a></strong> and adjust your unit size accordingly.</span></li>
</ol>



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