What Do Plus And Minus Signs Mean In Sports Betting?
A puck line bet is made based on how many goals a team is expected to win or lose by. In the NHL, puck line bets are usually made on a standard of plus or minus 1.5 goals. The favored team is given a -1.5 goal disadvantage while the underdog is given a +1.5 goal advantage.
Subsequently, many matches are handicapped in ½ and ¼ intervals; both of which eliminate the possibility of a push since no one can score a half-goal. Quarter (¼) handicaps split the bet between the two closest ½ intervals. For instance, a $1000 bet with a handicap of 1¾ is the same as betting $500 at 1½ and $500 at 2. With ¼ handicap bets, you can win and draw (win ½ of wager) or lose and draw (lose ½ wager).
This means that sportsbooks believe that the Chicago Bulls have a higher probability of winning the game over the Miami Heat. Setting the line at just 1.5 does mean that these two teams are extremely close. A few common types of hockey bets include moneyline, puck line, totals, and parlays. Terms and Conditions apply to all advertised bonus offers on this website. The unique odds we produce in select news articles are for amusement and are not available to be wagered on.
Imagine in the above example you took the Lions at +17.5 then watched them run the kickoff back. Now, you can take 49ers -11.5 and have a chance to win both bets if the Niners win by 12-17. This means bettors must win more than 50% of the time to break even. In fact, on point spread betting at -110, the breakeven point comes out to 52.38%.
This is what is called a “spread” bet, or “betting against the spread.” This is a very common bet in basketball and football games, but it is seen in other sports as well. A totals bet is made based on the predicted total number of goals scored in a game. These bets are placed either over or under a certain number of total goals. For example, the total could be 3.5 goals with an under of -130 and an over of +110. In this scenario, if a $130 bet was placed on the under and was correct, the bet would earn a $100 profit. On the other hand, if a $100 bet was placed on the over and was correct, the bet would earn a $110 profit.
If you’re betting that a team will win or lose by a certain amount of points, that is called a spread bet. If you combine multiple outcomes into one bet, that is called a parlay. The bookmaker’s aim is to create a handicap or “line” that will make the chance of either team winning as close to 50% as possible. Since the odds are as close to 50% as possible, bookmakers offer payouts close to even money, or 1.90 to 2.00. Asian handicaps start at a quarter goal and can go as high as 2.5 or 3 goals in matches with a huge disparity in ability. What makes Asian handicaps most interesting is the use of quarter goals to get the “line” as close as possible.
Well, that’s called a push, and the bet is essentially canceled. The money you put down on the bet is returned, and it’s like nothing ever happened. Totals in soccer work differently than other sports and can be shown in multiples of .25 goals. Since scoring is minimal in soccer, bookmakers will often times set a Total of 2.25 or 2.75. For example, if you bet on the Over 2.25 goals, half your bet is placed on “Over 2” and the other half of the bet is placed on “Over 2.5”.
You can read more about how to read American odds, but the number next to the spread is the juice associated with that bet. Most spread bets will be -110, so the sportsbook takes a 10% cut. In this example, the 49ers carried the plus sign and were, therefore, the underdog. The Chiefs took the minus sign and were, hence, the favorite.
Using any of the information found at MyTopSportsbooks.com to violate any law or statute is prohibited. Check the online gambling regulations in your jurisdiction before placing any wagers with any of the links advertising gambling sites. Either bet can also be wagered during a given halftime or single quarter. For one football game, you could conceivably bet the over/under on seven different occasions .