Line Betting Explained

As dedicated college football fans, we are always looking for ways to understand the game better. Whether rooting for a particular team or outcome, your enjoyment of the wonderful sport of college football can be enhanced when your knowledge is improved. And when placing wagers with your hard-earned money, it is nice to have your hands on as much information as possible.

• Football Betting Line Explained
• Line Betting Explained Nba

Online sports betting offers gamblers access to thousands of internet sportsbooks worldwide. Our guide will help you learn how to calculate sports betting odds in different formats and compare them against each other, and improve your gambling with our sports odds calculator. Jul 08, 2019 In the world of sports betting, a money line bet is simply betting on which team you expect to win. It doesn’t have anything to do with a spread. You may also see a money line bet listed as “Money.

That is why we have provided our in-depth resource guide which not only provides an example of a college football betting line but also breaks down what you'll see at an online sportsbook for each individual matchup. First, let's dive head-first into how to read college football betting lines and odds before your next round of wagers during the college football betting season.

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What Are College Football Betting 'Odds'?

Before going any further, it's important to understand what 'odds' are and how they work as it relates to betting on college football. You've probably seen 'National Championship odds' or something similar hundreds - if not thousands - of times, but have you ever stopped and asked: What exactly are odds?

Much like the definition of the word itself, odds indicate the probability or 'chance' that something does or does not happen. However, when betting on college football - or anything for that matter - odds also indicate how much money is required to place the wager and how much can be won from that bet if you're correct.

Example: Odds to win the CFP National Championship - Alabama +225

In the example above, we see that Alabama is listed with +225 odds to win the national championship. The '+225' is a plus-number which tells us that the oddsmakers believe there is a less than 50% chance the Crimson Tide will win it all. A minus-number would tell us that the oddsmakers believe there is a greater than 50% chance of the bet being won while +100 or 'Even' is 50/50 - a flip of the coin.

After putting +225 into a sports betting calculator, we see that the oddsmakers believe Alabama has a 30.77% implied probability or 'chance to win' the national champion. This doesn't take into account the sportsbooks' juice or 'vigorish - which typically is anywhere from 3% to 10%, but it's still a good indication of what the oddsmakers believe Alabama's chances are in the above example.

In addition to the probability of a bet being won, odds also tell us how much needs to wagered and how much can be won. Plus-numbers always require a minimum wager of '+100' or 'even,' and the amount that can be won is the displayed odds while minus-numbers require a minimum bet of the displayed odds and the amount won is 'even.'

If we use $100 for our 'even' baseline (you can bet as little as $1 in most cases, though), and since +225 is a plus-number, the odds tell us that a $100 bet will win $225 if the Crimson Tide win the national championship. Once the wager is graded as a win, the online sportsbook will payout $325 to you ($100 bet + $225 won). If the odds had been a minus-number, like -225, then the opposite is true since - when using $100 as a baseline again - a $225 wager would win $100.

So, the next time you see anything about college football betting odds, just remember the number displayed indicates two things: 1) The chance that a bet has to win, and 2) The amount that needs to be wagered is relative to the amount that can be won.

College Football Betting Line – Point Spread, Money Line, Over/Under

Below you will see a typical college football betting line. There may be subtle differences from one sportsbook to the next, but all of the information you see below is pretty much the standard display you are going to run across at high-quality college betting sites. Whether you are betting the point spread, over/under the total, money line, or any applicable parlays and teasers, the following information is an example of what your wager is placed on:

Point Spread

When looking at the betting line for a given matchup, the first set of numbers that you'll notice, in the column directly next to both teams, is what's called the 'point spread.'

The point spread was invented to give sportsbooks a way to draw an even amount of action on both teams since both sides will payout the same amount on most occasions. Here's a simple way to look at it before we dive into the details: Based on the above example, Michigan is winning 7-0 as soon as the game kicks off, and by the end of the game, hypothetically, both teams would be tied when the clock hits zero.

Basically, the spread is what oddsmakers believe will be the margin of victory for the matchup. To make the odds even for both teams, the favorite gets 'handicapped' by a set number of points, which is indicated by a minus-number. The underdog is always represented with a plus-number. If both teams are perceived to be equally talented, and the margin is less than 1 point, then the game will be a 'pick'em,' where you simply pick which team you think will win.

In the example above, Ohio State is playing at home and is predicted to win by a touchdown and an extra point over Michigan, which is indicated by the -7. The name of the game with the spread is to correctly predict which team will 'cover' - not necessarily which team will win.

For a winning bet on Ohio State, the Buckeyes must win by 8 or more point while a winning wager on Michigan has two conditions: The Wolverines can either lose by 6 points or less or win the game by any margin. If the margin of victory is exactly 7 points, then this is what's known as a 'push' which means the entire handle is refunded to all parties.

Money Line

The set of numbers sandwiched in-between the point spread and the over/under total is what's known as the 'money line,' which is arguably the oldest type of bet on sports that still exists today.

The concept of the money line is simple: Which team do you think will win? That's basically it except when it comes time to put up the money since that's where folks might get a little confused at first glance. Just like the spread, the minus-number indicates the favorite, and the plus-number indicates the underdog. However, unlike the spread, a different amount of money must be wagers on both teams, and the payout is vastly different as well.

Because the line is only for 'which team will win,' you aren't betting on a margin but instead the odds themselves, which indicates the amount needed to wager and how much you'll win if you're correct.

So, in the above example, Michigan is +205. The plus-number tells us that if you bet $100 - and the Wolverines win the game against the Buckeyes - you'll win $205 (plus get back your original $100 bet, obviously). On the other hand, a bet on Ohio State requires you to bet $230 - and if the Buckeyes beat the Wolverines - you'll win $100 (and the $230 bet).

The key to betting on the money line is knowing that favorites require more money to be 'at-risk' and offer less of a payout since the perceived better team is more likely to win the game, i.e., that's why they're called the favorite. The opposite is true for underdogs because less money is required to be 'at-risk' and the payout is more than what was initially wagered.

And you don't have to bet $100 - we just used a common example for conversion. The odds are relative to whatever unit size you're working with. The college football betting sites we recommend let you bet as little as $1, so using the same example: The Michigan money line requires a minimum $1.00 bet to win $2.05, and the Ohio State money line requires a minimum $2.30 bet to win $1.00 - at the end of the day, your bankroll size doesn't matter when wagering on the money line or any other betting line for that matter.

Over/Under - Total

Lastly, the final column on any traditional college football betting line is the total or 'over/under' as it's commonly called. The 'total' refers to the total number of points, from both teams, that will be scored in any given matchup.

The oddsmaker predicts how many points will be scored by both college football teams and then allows the public to bet on whether the combined points scored by both sides will go 'over' or 'under' the number set by the sportsbook. If the total points scored by both teams fall exactly on the number set by the oddsmaker, then - like the point spread - it's considered a push and all bets are refunded.

Football Betting Line Explained

Using the Michigan-Ohio State betting line example above, we can see that the oddsmaker has set the total at 49 points. Since a wager must be placed on whether the total points scored will be over or under to set number, a bet on the over means you believe both teams will combine to score 50 or more points while a bet on the under means you think both teams will combine to score 48 or fewer points.

The total is a bit like the point spread since it's another way the sportsbook attempts to get an even amount of action on both sides of the bet, and as a result, the payout is typically even as well - regardless of what the combined total points scored winds up being when the game ends.

Other Types Of Bets On NCAA Football

With the biggest and the most popular elephant in the room - i.e., the NCAA Football betting line - covered, we can now turn our attention to the other types of wagers that you can make. Here's a brief explanation of the other types of bets you can place during the college football season.

Prop Bets

Also known as 'proposition' or 'side' bets, essentially, these types of wagers are based on something occurring that doesn't directly relate to the outcome of a game like the standard betting line does. Game, team, and player stats are the most common props you'll see - such as 'Trevor Lawrence pass for over 300 yards against Syracuse? Yes/No' - and sportsbooks will literally have dozens or even hundreds available for every matchup. Novelty bets such as 'Will Nick Saban throw his headset to the ground during the Iron Bowl against Auburn?' also fall into the 'prop bet' category.

Futures

Remember our example in the college football betting odds explanation section above, i.e., 'Odds to win the CFP National Championship - Alabama +225'? That is what's known as 'futures,' which is basically any wager that's placed weeks or months in advance of the outcome becoming known. Timing is vital when betting on futures since the odds fluctuate as a particular outcome becomes more or less likely to happen.

Parlays

A college football parlay is when a bettor combines two or more bets into a single wager in order to gain more favorable odds, which, in turn, can result in a bigger payout should he or she be correct. The more combo bets placed, the better the payout because the parlay becomes less likely to win with every added wager. There is a catch: If any of the bets lose, then the entire parlay loses. If a bet in a parlay is graded as a push, then the wager is removed from the equation, and the odds and payout for the parlay are adjusted accordingly.

Teasers

A teaser bet on college football is basically a parlay, where two or more bets are combined into a single wager, but the sportsbooks allow the bettor to 'buy points' or adjust the numbers - such as the spread - to his or her favor. Buying points will cause the payout to decrease and like parlays, if any bet loses, then the entire teaser is lost while a push simply adjusts the odds and payout as if the bet was never made.

Live Betting

And finally, we arrive at one of the newest forms of betting on college football. Live betting, also known as 'in-play' or 'in-game' wagering, gives bettors a way to get in on the action happening during a game. Every type of wager we've covered - excluding futures - can be wagered on while the game is being played. The odds - and payout - for spreads, money lines, totals, prop bets, etc. will be adjusted in real-time based on how a matchup is unfolding. With the rise of wagering on smartphones, tablets, and other mobile devices, live betting is becoming more and more popular each season.

Money Line betting is the most common type of sports bet. The simple format ensures it’s a popular choice for beginner bettors. However, more advanced bettors will still turn to this market to find value. What is a Money Line bet? How does Money Line betting work? Read on to find out.

What is a Money Line bet?

Money Line betting is one of the simplest and most common ways to bet. There will usually be two options presented in a market and all you have to do to place a Money Line bet is choose who you think will win and place a bet on them. The easiest way to describe what a Money Line bet is, is to think of it as a “match winner” bet.

If you place a Money Line bet and the team or person you have bet on wins, your bet will win. If the team or person you have bet on loses, your bet will lose. In order to calculate the potential return from your Money Line bet, simply multiply your stake (the amount you bet) by the decimal odds of the option you are betting on.

How does Money Line betting work?

Money Line betting is most prevalent in sports like baseball, tennis and UFC. While it is still a popular choice for betting on the NBA and NFL, the high scoring nature of sports like basketball and American football mean other bet types are more widely used (such as Totals or Handicap).

Although Money Line betting is most common in sporting events that feature two teams or competitors where the result cannot be a draw or tie, people may also refer to a Money Line market in soccer or other sports that can end in a draw.

This could either be a three-way Money Line market (which includes the draw). However, this is more commonly referred to as the 1X2 market (1 representing the home side, X the draw and 2 the away side). Alternatively, there is a more standard two-way Money Line market in soccer which will adjust the odds to remove the option of the draw and simply “push” (return your stake amount) if there is no winner.

It is important not to tie yourself to a specific market and say you will only bet the Money Line, Handicap or Over/Under. While you may specialise in a certain market, it can still be useful to analyse the complete picture of an event provided by the betting market

Unlike other markets like the Over/Under (Totals) or Handicap, Money Line bets are settled solely on the result of the match – it is not impacted by the winning margin or points scored. The odds offered will reflect who is most likely to win (the favourite) and who is likely to lose (the underdog).

Although the Money Line is different to the Handicap market, there is a clear correlation between the two. The higher the Handicap mark is on the favourite, the more likely they are to win. This means the higher the Handicap is, the shorter the Money Line odds will be on the favourite (meaning the odds on the underdog will be bigger).

Handicap betting is often a popular alternative to the Money Line when there is a large disparity between the quality of two teams or competitors taking part in a match. If you are confident enough in a team winning that you think it will be greater than a specific margin, this is a case where a Handicap bet might more sense as it will provide you with an opportunity to make more money from your bet (picking a team to win by more than a certain amount of points is harder than just predicting them to win by any margin).

What is the difference between the Money Line and 1X2 betting markets?

As previously mentioned, the difference between the Money Line and 1X2 betting markets might appear to be a relatively minor difference, but it will have a big impact on the odds you bet with and the result of your bet.

The key difference between the two market types is the availability of the draw option. The Money Line traditionally only offers two options, Team/Player A to win and Team/Player B to win. However, the 1X2 market (most common in soccer) has both of these options, plus the draw.

Some people believe the difference is simply down to a preference of terminology, and that is why it’s important to know what you’re betting on if you’re talking about the Money Line if a draw is a potential outcome. You need to determine if it’s another way to refer to the 1X2 market (a three-way Money Line) or the traditional Money Line that doesn’t include the draw. If you’re betting on the 1X2 and think it’s a normal Money Line bet, you will be in for a surprise when your stake isn’t refunded if the result is a draw.

Money Line bet example

While the concept of a Money Line bet is simple to understand, it can still be useful to go through an example to help those new to betting. Below is an example of a Money Line market for an NFL game at Pinnacle.

These odds suggest the Kansas City Chiefs have a 79.56% chance of winning the game, whereas the Houston Texans have a 20.44% chance.If you believe the Houston Texans will win, or have a greater than 20.44% chance of winning, you may want to place a Money Line bet on them.You then simply add the selection to your bet slip and place the bet.

If the Houston Texans beat the Kansas City Chiefs, this would result in a win for your bet and a return of €47.40 (€37.40 profit and your €10 stake).If the Chiefs were to beat the Texans, the result of the bet would be a loss and it would return €0.

Money Line betting strategy: When to bet the Money Line

Once you understand how Money Line betting works, there are various methods or strategies you can use to decide what to bet on.Those who bet for fun may just choose their favourite team or the team that, based on their opinion, they think has the best chance of winning.However, those who are serious about betting will be more concerned with the concept of value and will want to bet on the team that has been underestimated by the odds provided by the bookmaker.

If your aim is to use a Money Line betting strategy to make a long-term profit, an understanding of probability is key. This is where converting odds into percentage chance can help give you a better idea of how the bookmaker (and rest of the betting market) think a game will play out.

Line Betting Explained Nba

Whether you use a complex model, a simplified power rankings system or just odds comparison from an efficient bookmaker to one that hasn’t managed their odds correctly, the concept of value always remains the same. You are looking for an option within the market that has a greater likelihood of happening than that shown by the available odds.

It is important not to tie yourself to a specific market as a bettor and say you will only bet the Money Line, Handicap or Over/Under. While you may specialise in a certain market or have access to data that will make it easier to find an edge, it can still be useful to analyse the complete picture of an event provided by the betting market to help inform the decision making process before placing a bet.