Understanding Sports Betting Odds 

Betting is pretty straightforward, and with our guides and articles, you’ll be ready in no time. Here are some quick Q&As to get you started. 

What is the meaning of betting lines and odds at a sportsbook?

In sports such as basketball and football, the point spread is the most popular method of wagering. For instance, if the favorite is listed at -2.5, they must win by three or more points for the bet to be successful. In contrast, if the underdog wins or loses by two points or less, the underdog wins the bet.

The money line is another popular betting method. Here, the odds will be listed for a team to win. For example, an underdog could be listed at +200, meaning that a $100 bet would yield a $200 payout if the team wins outright.

Apart from the Super Bowl, what other events are popular for betting?

While the Super Bowl is undoubtedly the biggest day in the world of sports betting, the first two rounds of the NCAA men’s basketball tournament have also become increasingly popular, especially at Las Vegas sportsbooks. “March Madness” has become a must-visit for sports bettors in Las Vegas.

NFL and college football weekends are also very popular for sports betting.

What are futures bets?

Fans can bet on a team to win the World Series, Super Bowl, NBA Finals, Stanley Cup, or an NCAA championship before or during the season, with each team having its own odds.

Fans can also place futures bets on how many games a team will win or who will win MVP.