Super Bowl betting odds explained
The United States is home to one of the most loved sports, football. Many individuals love watching it, some enjoys playing it, and many others are getting involved in the whole industry behind it- coaches, managers, scouts, team owners, stadium administrators or ticket sales representatives. All these people are waiting to one particular event that happens once in a year- the Super Bowl. The Super Bowl attracts many sports gamblers. These sports bettors have different strategies and include both the NFL lines and the sports odds. They are trying to predict the Super Bowl's sports scores.
Many believe that the Super Bowl betting odds are the most confusing things ever created. It sounds terrible, doesn't it? This is not true. If you are able to understand the rules, you will be able to manipulate the sportsbooks to pay you handsome wages by placing well-researched, high value bets. Though Super Bowl betting odds may seem complex, there are actually just few simple types of bet you can place.
The Point Spread
The Point spread id the most commonly used type of betting. In this bet, you will have to choose which team you think will win, and how much they'll win by. You win the bet if they win by at least that amount. Or, you can pick the losing team, and specify how close they'll be to the winner. http://revive-nutrition.com/how-to-bet-on-horse-races-and-win-big-money-secret-reveals/ You win the bet if they fall within your chosen margin. A negative sign is placed next to the name of the favorite, while a positive sign is displayed for their opponent. In 2010, the Indianapolis Colts won by 6.5 points over the New Orleans Saints. If you bet on the Colts, they had to win by 7 points in order to win the bet. If the Colts won by 6 or less, the bettor who bet on the Saints won the bet.
The Money Line
It is easiest to explain the money line by betting on the team that you think will win. That's it! No point spread or handicapping. This type of betting has a downside. If you bet on a favorite team to win, you will get less money if your bet wins. However, placing a bet on the underdog could result in more winnings. Your bets will pay out based on the amount of risk you take. The more risk, the more you stand the win.
How to read the Super Bowl betting odds
The money line format is the most popular. Numbers are written in numbers greater than 100 and less than 100. A positive "+" sign next to the team names means that the underdog is represented. This is the amount you'll get if your bet on an underdog wins. If you place a $100 bet and win the bet, you'll get $300. Because these bets have a lower chance of winning, they are very risky. While the number with a "-" in front of it, represents the favourite, and shows the amount you have to wager to win $100. For example, a -300 would mean you have to bet $300 to win $100 income. This type of bet has a lower risk/reward ratio because they have a greater chance of winning.
Now that you clearly understand the type of bets such as the point spread and money line, and now able to read the Super Bowl betting odds, it's time to place your bets! Have fun