The number becomes a way to refer to the game and team without mentioning the teams name. Also, the rotation number allows each book to list the games in the same order—numerically. It is, in essence, a way to keep all of the games that are posted each day and throughout the week organized.
That makes it easy for the bettor and the bookie. In our scenario, the Bengals are the home team, which means they will be listed last and the Colts, as the visitors, will be on the odds slip first. When you place a bet live at a Vegas sportsbook or over the phone, you would say the number of the team on which you want to wager and not the name.
Usually the spread will be first. Thus, all of the basic bets are in one place, allowing for easy access. The point spread, which is the most popular type of bet, lists the favored team with a minus sign and a number and the underdog with a plus sign and the same number as the favorite. The team that has the minus sign, which is the favorite, has points deducted from its final score, while the dog, with the plus sign, has points added. The favorite must beat the spread, which means they have to win by more than the negative number to pay off.
The underdog pays off in two instances—if they win outright or if they lose by less than the spread. In our scenario, Indianapolis is at If you bet on the Colts at If you wager on Cincinnati, which is the underdog, your bet pays off if they win the game outright or if they lose by less than If in our example the spread was reset to 10 with the Colts favored and they win by 10, then the game is considered to be a tie, which in betting terms is called a push.
If there is a push all bets are off and the sportsbooks return all wagers back to the bettors. Many people will say that the odds on a spread bet are even, paying 1: But this is not true. The actual odds are 0. For every dollar bet, you can win 90 cents. That number, which is your stake, is posted as Every NFL point spread works this way.
The moneyline is different. First, with the moneyline whichever team wins the game pays out. How do the bookies even the playing field with the moneyline? They do it by making bettors wager more on the favorite to win less and allowing them to bet less to win more on the dog. The favorite is posted with a minus sign and a number. The underdog, on the other hand, is listed with a plus sign in front of a number.
The point spread will list one team in the negative and the other in the positive. The club posted in the negative with a minus sign is favored and so the bookies take points away from them, which means that team must win by at least a certain number of points to cover the spread. The underdog will have a plus sign and will cover if they win outright or lose by less than the posted number. This game may have Ohio State at If you bet on Ohio State at On the other hand when wagering on Wisconsin, the dog in this point spread, the Badgers will pay off if they lose by less than 8 or win outright.
Decimals or fractions are often used and do prevent ties but if in our example the spread was set at 7 with the Buckeyes being the favorite and they win by 7, then the game is a tie. The result of a push is all bets are off and all money wagered is returned. Although the odds on a spread bet are often listed as being even at 1: How does this work?
The moneyline works differently. With this type of wager whichever team wins outright pays off. There is no spread. How does the line work? The favorite is listed with a minus sign and a number. The underdog is posted with a plus sign in front of a number. There is a correlation between the point spread and the moneyline. This is a projection of the total number of points that may be scored. It is usually listed as a fraction with the stake listed as it is in the spread In our example which features two solid defenses and good offenses, the total might be around If OSU scores 24 and Wisconsin 20, the total would be 44 or over the If the Buckeyes scored 21 and the Badgers 14, then the total would be 35 so the under would win.
Once again sometimes, if the total is a whole number, the result may be a push. That results in all bets simply being returned. Once you understand how odds in college football are expressed, you can use them to start to determine where your money should go.