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Betting odd on SB 56
Posted: Tue Feb 01, 2022 3:31 pm
by RickRund
I have a question on the odds. The RAMS are -3.5... Understand that is the RAMS are favored by 3.5 points. Last I saw it was also RAMS by -200 and the Bengals are +168. Is there explanation as to those numbers? Is there any correlation?
Thanks.
Re: Betting odd on SB 56
Posted: Tue Feb 01, 2022 4:20 pm
by MSU01
The Rams -3.5 line would be if you are placing a bet against the spread. So you can bet that the Rams will win by 4 or more points, or that either the Bengals will win or that the Rams will win but by 3 or fewer points. With spread bets the payout on either side is almost if not exactly the same. There's always a house edge built in for the sportsbook to make its profit, so it's usually something like -110 for each side meaning you need to bet $110 for a potential payout of $100.
Rams -200 and Bengals +168 are called money lines and are used for betting purely on which team will win with no regard for margin of victory. -200 means that a $200 bet on the Rams will pay out $100 if they win, while +168 for the Bengals means that a $100 bet on them will pay out $168 if they win.
Re: Betting odd on SB 56
Posted: Tue Feb 01, 2022 7:46 pm
by RickRund
MSU01 wrote: ↑Tue Feb 01, 2022 4:20 pm
The Rams -3.5 line would be if you are placing a bet against the spread. So you can bet that the Rams will win by 4 or more points, or that either the Bengals will win or that the Rams will win but by 3 or fewer points. With spread bets the payout on either side is almost if not exactly the same. There's always a house edge built in for the sportsbook to make its profit, so it's usually something like -110 for each side meaning you need to bet $110 for a potential payout of $100.
Rams -200 and Bengals +168 are called money lines and are used for betting purely on which team will win with no regard for margin of victory. -200 means that a $200 bet on the Rams will pay out $100 if they win, while +168 for the Bengals means that a $100 bet on them will pay out $168 if they win.
I understand the +- #. But I don't understand the betting 200 to win 100.
Thanks for the information.
Re: Betting odd on SB 56
Posted: Tue Feb 01, 2022 8:26 pm
by ilovethecats
RickRund wrote: ↑Tue Feb 01, 2022 7:46 pm
MSU01 wrote: ↑Tue Feb 01, 2022 4:20 pm
The Rams -3.5 line would be if you are placing a bet against the spread. So you can bet that the Rams will win by 4 or more points, or that either the Bengals will win or that the Rams will win but by 3 or fewer points. With spread bets the payout on either side is almost if not exactly the same. There's always a house edge built in for the sportsbook to make its profit, so it's usually something like -110 for each side meaning you need to bet $110 for a potential payout of $100.
Rams -200 and Bengals +168 are called money lines and are used for betting purely on which team will win with no regard for margin of victory. -200 means that a $200 bet on the Rams will pay out $100 if they win, while +168 for the Bengals means that a $100 bet on them will pay out $168 if they win.
I understand the +- #. But I don't understand the betting 200 to win 100.
Thanks for the information.
You net $100, gross $300. So essentially get your money back and an additional 100 bucks.
Re: Betting odd on SB 56
Posted: Wed Feb 02, 2022 11:15 am
by RickRund
ilovethecats wrote: ↑Tue Feb 01, 2022 8:26 pm
RickRund wrote: ↑Tue Feb 01, 2022 7:46 pm
MSU01 wrote: ↑Tue Feb 01, 2022 4:20 pm
The Rams -3.5 line would be if you are placing a bet against the spread. So you can bet that the Rams will win by 4 or more points, or that either the Bengals will win or that the Rams will win but by 3 or fewer points. With spread bets the payout on either side is almost if not exactly the same. There's always a house edge built in for the sportsbook to make its profit, so it's usually something like -110 for each side meaning you need to bet $110 for a potential payout of $100.
Rams -200 and Bengals +168 are called money lines and are used for betting purely on which team will win with no regard for margin of victory. -200 means that a $200 bet on the Rams will pay out $100 if they win, while +168 for the Bengals means that a $100 bet on them will pay out $168 if they win.
I understand the +- #. But I don't understand the betting 200 to win 100.
Thanks for the information.
You net $100, gross $300. So essentially get your money back and an additional 100 bucks.
OK... Now we all know why I do not bet...
Re: Betting odd on SB 56
Posted: Wed Feb 02, 2022 11:28 am
by ilovethecats
RickRund wrote: ↑Wed Feb 02, 2022 11:15 am
ilovethecats wrote: ↑Tue Feb 01, 2022 8:26 pm
RickRund wrote: ↑Tue Feb 01, 2022 7:46 pm
MSU01 wrote: ↑Tue Feb 01, 2022 4:20 pm
The Rams -3.5 line would be if you are placing a bet against the spread. So you can bet that the Rams will win by 4 or more points, or that either the Bengals will win or that the Rams will win but by 3 or fewer points. With spread bets the payout on either side is almost if not exactly the same. There's always a house edge built in for the sportsbook to make its profit, so it's usually something like -110 for each side meaning you need to bet $110 for a potential payout of $100.
Rams -200 and Bengals +168 are called money lines and are used for betting purely on which team will win with no regard for margin of victory. -200 means that a $200 bet on the Rams will pay out $100 if they win, while +168 for the Bengals means that a $100 bet on them will pay out $168 if they win.
I understand the +- #. But I don't understand the betting 200 to win 100.
Thanks for the information.
You net $100, gross $300. So essentially get your money back and an additional 100 bucks.
OK... Now we all know why I do not bet...
That's actually a very common question. People are like, why would I spend $200 to only get $100 back?! But you get your betting amount back plus your winning amount.
Re: Betting odd on SB 56
Posted: Thu Feb 03, 2022 12:34 pm
by catatac
ilovethecats wrote: ↑Wed Feb 02, 2022 11:28 am
RickRund wrote: ↑Wed Feb 02, 2022 11:15 am
ilovethecats wrote: ↑Tue Feb 01, 2022 8:26 pm
RickRund wrote: ↑Tue Feb 01, 2022 7:46 pm
MSU01 wrote: ↑Tue Feb 01, 2022 4:20 pm
The Rams -3.5 line would be if you are placing a bet against the spread. So you can bet that the Rams will win by 4 or more points, or that either the Bengals will win or that the Rams will win but by 3 or fewer points. With spread bets the payout on either side is almost if not exactly the same. There's always a house edge built in for the sportsbook to make its profit, so it's usually something like -110 for each side meaning you need to bet $110 for a potential payout of $100.
Rams -200 and Bengals +168 are called money lines and are used for betting purely on which team will win with no regard for margin of victory. -200 means that a $200 bet on the Rams will pay out $100 if they win, while +168 for the Bengals means that a $100 bet on them will pay out $168 if they win.
I understand the +- #. But I don't understand the betting 200 to win 100.
Thanks for the information.
You net $100, gross $300. So essentially get your money back and an additional 100 bucks.
OK... Now we all know why I do not bet...
That's actually a very common question. People are like, why would I spend $200 to only get $100 back?! But you get your betting amount back plus your winning amount.
Ya, exactly. It seems strange to me how some people (my wife for example), don't understand that logic. I try to explain it to people with a more extreme example. If somebody told you they'd give you 1000 to 1 odds on a football game between MSU and Great Falls High, meaning that if MSU lost you would have to pay them $1,000, but if MSU wins they have to pay you $1..... would you do that bet? I would.
Re: Betting odd on SB 56
Posted: Sun Feb 13, 2022 5:11 pm
by CatBot
No horses on the runout. Totally lame.