How does gambling money line work
Gambling should be entertaining. Remember that you always risk losing the money you bet, so do not spend more than you can afford to lose. If you think you may have a problem, click here. If you're just getting started with NFL betting, the most important thing you need to do is learn how the lines work. But this is easier said than done because NFL lines can seem like learning Greek to new bettors. Fortunately, learning football betting lines won't take you nearly as long to master as the Greek language. Learn how betting lines work before you wager any money on the Super Bowl this weekend.
Each to their own I guess. On top of that football is really my primary sport. Not all fractional odds are traditionally read using the lowest common denominator. Let's look at a few specific examples. Decimal odds are also known as European odds , digital odds or continental odds and tend to be favoured by betting exchanges because they are the easiest to work with for trading, in this case the purchase and sale of upside and downside risk. Thanks, I'm glad you like the post. I'm happy to contribute.
Fixed-odds betting is a form of wagering against odds offered by a bookmaker or an individual or on a bet exchange.
In Australia , the practice is usually known as "SP betting". It is customary with fixed-odds gambling to know the odds at the time of the placement of the wager the "live price" , but the category also includes wagers whose price is determined only when the race or game starts the " starting prices ". In the more usual case of an imbalanced book, the bookmaker may have to pay out more winnings than what is staked or may earn more than mathematically expected. An imbalanced book may arise since there is no way for a bookmaker to know the true probabilities for the outcome of competitions left to human effort or to predict the bets that will be attracted from others by fixed odds compiled on the basis personal view and knowledge.
With the advent of Internet and bet exchange betting, the possibility of fixed-odds arbitrage actions and Dutch books against bookmakers and exchanges has expanded significantly. Betting exchanges in particular act like a stock exchange , allowing the odds to be set in the course of trading between individual bettors, usually leading to quoted odds that are reasonably close to the "true odds.
In making a bet where the expected value is positive, one is said to be getting "the best of it". However, if someone offered odds of 10 to 1 that a card chosen at random from a regular 52 card deck would be the ace of spades, one would be getting "the worst of it" because the chance is only 1 in 52 that the ace will be chosen. Player A wins if the dice add up to 12, of which there is only one possible case. Player B wins if the dice fall in any other combination, of which there are 35 possibilities.
It was a large hunting knife, the kind used by fishermen for gutting fish. Голова просто кругом идет. Пышная дамочка с пошлым характером обожает трахаться и готова на все, лишь бы ее кавалер хорошенько ее дрючил в раздолбанную волосатую киску, которую она специально не бреет, так как мистеру нравятся волосатые вагины.
I put mine back on as well. Она уже давно хотела впустить парня в анал, но никак не решалась. Benny knew that he would be caught if Jake told anyone.
Check out the wiki page. Check out the rules. Check out the sportsbook suggestions wiki. Please try to keep all discussions under the daily threads. Selling of picks is not allowed here and will be removed by the moderators. Understanding money lines or "What does really mean? I was listening to one of my favorite gambling podcasts today and the host made the point that people intuitively understand what a spread means, but have trouble understanding moneylines. I know that this was certainly true for me when I first started gambling, so I thought I might take a shot at explaining moneylines for those of you who might still be strugling with the concept.
Let's examine a bet on the Celtics. This is a good bet meaning it has positive expected value if I believe that the Celtics have at least a This is a good bet if I believe that the Hawks have at least a The key to understanding money lines is in determining what chance of winning gives me a positive expected value.
Suppose that we must bet x dollars to win y more and that we have a probability of victory p. Then we can expect to win py dollars and expect to lose 1-p x dollars. We will break even when our expected winnings equal our expected losses so:. This means that our break even probability of victory is found by taking the amount we must bet and dividing by the sum of our bet and the amount we stand to win. Most of the time a spread bet will be at You've probably seen this figure before and if you didn't know where it came from, now you do.
What about betting heavy favorites? The Pacers are currently at against the Magic in tomorrow's game. The Spurs are currently to win the best of seven series against the Jazz. That gives us European books use a different and much simpler in my opinion odds system.
They will present odds in decimal format where you will multiply your bet by the decimal value to find out what your payout is. This decimal value includes the return of your original bet plus your winnings. Here is a table which may help you in your betting. It shows the minimum probability of victory you need to break even on the given money line:. I hope that some of you find this useful. If you have any questions, I'll be happy to answer them as best I can.
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