What Does 3 Mean In Betting
- What Does Mean In Sports Betting 3
- What Does 1/3 Mean In Betting
- What Does +100 Mean In Betting
- What Does 3 Way Mean In Betting
- What Does -3 Mean In Betting Odds
- What Does Plus 3 Mean In Betting
- What Does Minus 3 Mean In Betting
When it comes to pretty much any topic in life you will likely be on one side or the other. Pineapple on pizza, yes or no? Mustard on hotdogs, yes or no? Should a hot dog be considered a sandwich? And the list of yes or no questions goes on and on. However, these kinds of questions can be debated about until the cows come home and there really are no right or wrong answers. In sports betting, being on a particular side is usually black or white. You’re either on the right side and you win your bet, or you’re on the wrong side and lose it.
What does 'plus' and 'minus' mean as a sports betting term? Odds expressed in terms of money, with $100 being the standard. If the odds are minus (–), then that amount of money must be wagered. What Does -110 Mean Next to the Spread? You can read more about how to read American odds, but the number next to the spread is the juice associated with that bet. Most spread bets will be -110, so the sportsbook takes a 10% cut. That means for every $1 you want to win, you have to risk $1.10.
What Does Sides Mean?
When you hear someone using the term “side” or “sides” they are referring to the two teams playing against each other in a particular game or event. The simplest example I can give you is if you are looking at an NHL game between the Toronto Maple Leafs and the Vegas Golden Knights. If someone says they are playing a “side” in this game, it means they have a bet on one of these two teams to win the game. In terms of standard types of betting, people will refer to betting sides or betting totals – which we all know is a play on the “over/under” on a game.
What Does Mean In Sports Betting 3
How to Bet Sides
Since sides is a way to refer to betting one team over the other, there are multiple options when it comes to betting sides. For example, betting the point spread is the most common way to bet a “side” in football and basketball. However, the point spread is a wager on not only who will win the game, but how much a team will win or lose by.If you wanted to pick a “side” to win the game outright, you would take them on the money line. The problem with just picking a “side” in a point spread sport, is that you would receive a smaller payout for a favorite than you would for picking an underdog.
The money line wager is the most common wager in baseball and hockey, but is also used in sports like tennis, boxing and MMA. There are also options in hockey and baseball called the puck line and run line which is essentially the same bet as a point spread, but with a fixed line of -1.5.
Strategy for Betting Sides
Sure, betting “sides” and trying to determine which side is going to win sounds easy, but it is far from. The biggest mistake square bettors make when handicapping sides is that they always think the better team is going to win. If you’ve ever watched a sport for a couple of days, you will know that is not always the case.
The problem squares come across is when they bet a side on the money line and have to lay the price with the favorite. That price is often time not justifiable with the actually probability the team has to win the game outright. Because of this, you must be sure that there is value in the line before making any bet on any side in any sport.
What Does 1/3 Mean In Betting
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“Wait, why does this NFL team have a -235 next to its name? What’s with New England Patriots (-15) vs. Miami Dolphins (+15)? Help! HEEEELPPPP!”
If that sounds like you, we’re here to assist you. If you’ve stared at a board at a sportsbook or just seen spreads and moneylines on the Internet and been utterly confused, don’t worry. It’s not just you. Those numbers can be confounding.
But hopefully, once you’re done reading this, you’ll completely understand how they work. As you prepare to dive into the world of sports betting, here’s a breakdown of how the lines work, starting with …
Spreads
It would be really easy to bet on a game if you could put money on a heavy favorite to win.
That’s where point spreads come in. Let’s look at an example:
Philadelphia Eagles (-4.5)
New York Giants (+4.5)
In this case, you can bet on either two outcomes: you can put money on the Eagles to win the game by 4.5 points OR MORE, which makes them the favorites. Or you can bet that the Giants will either win or lose by LESS THAN 4.5 points. They’re the underdogs.
What Does +100 Mean In Betting
Now, sometimes the spread “moves” during the days leading up to the game. Perhaps the Eagles’ spread ends up being -3.5 (in which they must win by 3.5 points or more to give you a victory in your bet). Your bet all depends on whichever spread you bet on, whether it was when the Eagles were favored by 4.5 or 3.5 points.
What Does 3 Way Mean In Betting
If you ever see “PK” or “pick” next to a team, it means there’s no spread and you can bet on who will win, no matter what the score is.
Moneylines
Let’s take that same example above but use moneylines:
What Does -3 Mean In Betting Odds
Philadelphia Eagles (-200)
What Does Plus 3 Mean In Betting
New York Giants (+150)
The team with a minus symbol is the favorite, and the number is how much money you would need to bet to win $100. In this case, you would have to bet $200 on the Eagles in order to win an additional $100.
What Does Minus 3 Mean In Betting
The Giants are the underdogs. If they’re +150, that means you could bet $100 to win $150.
Note that you can bet any amount you want, but those numbers are always calculated and posted the same way, either in how much money you would need to wager to win $100 or how much money you could win by wagering $100.
Odds
If you’re betting on something like the team who will win the Super Bowl in the future, you might see it look like this:
New England Patriots — 3/1
Baltimore Ravens — 5/1
Kansas City Chiefs — 8/1
If you were betting on the Patriots and their 3/1 odds, you would win $3 for every $1 you spend. So if you bet $50 on the Pats and they ended up winning the Super Bowl, you’d win $150 (plus your original wager) back.
Good luck!