It’s the same thing with sports betting odds and a crucial factor for long-term success in wagering on moneylines. You’ll see less of a return for betting on the Bucks while a winning wager on the underdog Warriors would see a bigger return. Once again, it’s important not to let the potential return be your guide. Regardless of payout, the main goal for ANY moneyline bet is to win. Making the correct call is the bottom line, so your choices should revolve around which side you think has the greater chance to win.
Whatever adjective you want to roll with, the bottom line is any of these terms refer to the fee bookmakers charge you for placing a bet. 888Sport boasts an impressive live betting console with 50+ markets offered on each sporting event and most major sports available for in-play wagering. If the juice is crazy high, then the bettor might want to look elsewhere for a bet. As mentioned, if a sportsbook changes the juice, it could be a signal of a future line change. As a bettor, use that information to know, or at least guess, when the best time to place a bet is.
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Sign in to commentBe respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion. Of course in all three tests I consider other factors besides weight data.
You can anticipate these line movements and time your bet accordingly to take advantage. There’s another reason to bet the underdogs on the moneyline as well. The moneyline, then, is a powerful situational tool for people who closely follow the NBA. A negative money line represents the amount that you would have to bet to win $100 if you were correct. For example, a -200 money line means you would win $100 if you bet $200 and won.
How Can You Convert Odds Manually?
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The juice is the primary way that sportsbooks make money – the commission they take on bets. It is also commonly referred to as vigorish, or just vig. If everyone was profitable, would the bookmakers go bankrupt? Well, in the long term yes, but there is a determinant aspect that always makes bookmakers have profit, and that is called juice! Explaining it in a simplified fashion, Juice is sort of a portion, that the bookmakers take off to ensure their profit, independently of the outcome of the event.
This is the contrarian principle and why many smart handicappers go against the general betting public. The casino Sportsbooks make their money on sports bets by collecting a commission on losing bets. This means that if you want to win $100 you are risking $110.
For new bettors, it can help to think of it in this way. If an absurd amount of money is bet on one side of a wager, the sportsbook will most likely adjust the line to entice more people to bet on the other side. Remember, established sportsbooks usually don’t want a dog in the fight.