The world of betting offers some infinitely fun experiences. For hundreds of years, people have placed money wagers on the outcomes of sports games or other events. Today, you can bet on football, basketball, baseball, tennis, golf, horse races, and just about any sports activity you can imagine. Additionally, you can also wager on outcomes of events like the Oscars or even on TV shows such as Game of Thrones. Fantasy sports are another incredibly entertaining betting activity.
But, to get really good at it and to ensure that your bets will pay off, you first have to learn the terminology and the main rules of wagering. If you fail to do that, you will never know how much your bet will pay off, and you won’t have a good understanding of which betting outcome will be more favorable for you. Thus, you can lose the bet as well as your money.
In this article, we will focus on sports betting. If you have ever seen the word “line” used in wagering, it’s crucial to note that it’s a sports wager term. So, what does line mean in betting?
In sports betting, the odds serve a crucial purpose. When you wager on sports, you will put your money on a team or player who is more likely to win or lose the game. The wagering options might vary according to the game. However, the main rules are relatively similar for each sport. And, the most important things are the odds. The odds display the parameters for wagering and tell you how much you can win in case your prediction becomes true.
Bookmakers and sportsbooks will openly display the odds before you place a wager. Overall, there are many different types of odds and ways to portray them. Namely, the main systems are American (moneyline and betting spread), Decimal, and Fractional.
In the U.S. system, the money line and spread are used the most. Essentially, these are two different types of wagering.
So What’s the Line?
How do lines work? The line is actually another way of saying “point spread.” The term refers to a betting line and the odds for favorites or underdogs. The point spread is a great way to bet since it doesn’t require you to pick the ultimate winner. You wager on the margin of victory.
Let’s elaborate on the betting spread a little bit in order to give you a clear understanding of the line. For example, if you see a spread for the Super Bowl and it’s −2.5 for the Rams, it means that this team is the favorite to win. In other words, they are more likely to win. However, in order for your wager to win, the team needs to win with an end score of 3 points or more than the losing team. For example. Even if they did win, the final score 10:8 would not count as a winning bet. On the other hand, the underdog has to stay within a specific point range in order for your wager to win.
If you see Rams +2.5, that means the Rams are now the underdogs. If they lose by 2 or a higher number of points, your wager will win. Additionally, if the team wins the game, you will win money as well.
When you make a bet on the point spread, it’s often called a line bet. Sometimes, the bet comes with a “juice” of 10% which you can think of as a wagering fee. If you see the number −110, that means you will have to risk $110 in order to win $100.
Sometimes, the sportsbook moves the money line depending on the side that gets the most action. It can be moved up or down. That way, the line can lead people to place wagers on the side or team that is less popular.
Additionally, some circumstances, like player injuries, can have an impact on the line. Sportsbooks will also use half-points (like 7.5). By doing so, they will prevent the margin from landing precisely on the spread. In case of a “tie” or “push,” the sportsbook wins the wagers in most cases.
The line is among the most important sports betting terms. It is a crucial element on the spread, and you have to learn its rules in order to wager successfully. If you bet $100 and don’t learn the rules, you will most likely lose the money, and the $100 wagered will be meaningless. Thus, you need to be clever to take part in sports betting. If you learn the most essential terminology, your chances will be much higher. Good luck!