If you’re new to the sports betting scene, you’ll want to get acclimated with all of the different types of betting odds you’ll see. Whether you're looking for NFL odds, NBA odds, NCAA basketball odds, or any other sport, there are a whole host of different types of betting options, we’ve highlighted the four main ones to give you a basic how-to guide to get started:
Money lines are the way that bettors bet on who will win the game. This doesn’t involve any point spreads or margin of victory. This form of betting odds focuses on who will be the outright winner. Let’s take an example:
In this case, you’ll want to take notice of the plus and minus signs. When you bet on a line with a minus sign, as in Team B, you have to bet that amount to win $100. In this case, it’s $150. In the case of Team A, you would win that amount if you bet $100. So in that case, you would win $120 if you bet on Team A.
The point spread is a form of betting odds that includes a margin of victory. In certain cases – such as in college basketball and college football – there is a huge discrepancy in talent between the two teams playing. In those cases, betting the money line is too obvious as it’s quite clear that one team will win. That’s when the point spread comes into play as the odds makers will set a line where there is a margin of victory.
- Team A +22.5
- Team B -22.5
In this case, if you bet on Team B, you need them to win by more than 22.5 points for you to cover your bet. That means they need to win the game by 23 points or more. If you bet on Team A, that means they can lose by 22 points or less, or win the game and you still win your bet. It’s a way of evening the playing field.
When you’re looking at the betting odds for totals, this is a reflection of the combined score of both teams. That means that you’re looking at whether the combined score of both sides will go over or under a set number. For example, the total might be set at 66.5 for a college football game. If you think it will be a high-scoring affair, you would bet over. If you think it will be a low-scoring, defensive struggle, you would be under. If the final score is something like 44-40, then the game is an over. If the final score is something like 33-32, then it’s an under.
Futures are long-term betting odds for events that will happen further down the line. In this case, you’re betting on things like who will win a division or who will win a championship well in advance. The benefit is that you can earn a hefty payout if you do end up winning your bet. On the flip side, your money is locked up for a long period of time and there are a lot of risks involved (injuries, momentum, etc.).