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Point spread betting is the most popular way to bet on the NFL and NBA, and it is a way for a sportsbook to generate betting interest on both sides. Linemakers who work for the sportsbooks must put out lines that will entice the "favorite" bettors to lay the points and take the favorite or entice the underdog bettors to take the points with the underdog. As an example, let's say you are looking to place your very first wager on the Super Bowl. You look at the matchup either online or at a Las Vegas sportsbook and this is what you see:.
Using the example above, the linemakers have determined that the Carolina Panthers are 4. The favorite team can also be referred to as the chalk. Based on the line above and which team you decide to bet on, the Panthers must win by five or more points in order for those with a Panthers As long as the Panthers win by five or more points, the final score itself does not matter. A win is just as much a winner as a win. However, if the Panthers were to win the game by four or less points, then all Panthers backers can toss their tickets in the trash.
A Falcons outright win as 4. The standard price to pay when betting on point spreads is This is the sportsbooks way of ensuring a profit no matter which side covers the spread. The extra 10 cents is also known as the "juice" or "vig". Paying the extra 10 cents is like paying a tax or commission to the sportsbook for brokering the bet. For example, if you see reduced lines such as If you see It may not seem like a big deal at the time, but saving a few bucks each time over the course of the season can really help your bankroll.
Which brings me to my next point. If you are serious about getting into sports betting, it is vital to have more than one sportsbook to make a wager at. Shopping around for the best lines will help your bankroll and you will be able to turn a bigger profit. This is especially the case when it comes to back and lay odds.
This is clear to see in the example below:. Back odds at Coral for a tennis match:. Lay odds at Smarkets betting exchange for the same tennis match:. You can see the back odds are 3. A discrepancy like this is quite typical and is sometimes bigger than this.
Speaking of making a guaranteed profit, many punters use a betting strategy called matched betting that uses the back lay process mentioned above. The first step is to head to your favourite betting exchange.
Next, find the market you want to bet on. I want to place my bet on the fourth Ashes Test. This is the important bit. Betting exchanges differentiate between the two by using different colours. At Smarkets, green represents a back bet and blue represents a lay bet. Another way to distinguish between the two, the lay bets are always on the right-hand side.
Betfair and other exchanges use a different colour scheme but you can find out more about that in our betting exchange guide. A few years ago, as online gambling became more appealing and more bookies sprang up, so did the competition in the betting industry. The only way for bookies to attract and keep new customers is to offer them incentives to keep them betting much like this Smarkets free bet. Bettors take advantage of these free bets and bonuses and make a guaranteed profit in the process.
Back lay betting is the main concept behind matched betting and other low-risk trading strategies. It allows punters to make a guaranteed profit without putting their own money at risk. This concept can be quite challenging for matched betting beginners so bookmark this page and come back to it, if necessary.
For almost every matched betting offer you complete, you place two bets. One back bet and one lay bet, on the same market. In this scenario, one bet will always win and one will always lose. By using this back and lay betting strategy, your two bets effectively cancel each other out making matched betting completely risk-free. Before you access a free bet or bonus, you often need to stake a certain amount of money. So an offer may look something like:.
Matched bettors use the back and lay process to achieve this risk-free. Check out this article for more information on how matched betting works. So we know what back and lay betting is and we know how to use it. When it comes to matched betting, you can select any market to place your bets.
However, some markets are better than others. Our first tip is to select a market where the back and lay odds are close together. The tighter the odds, the more money you make. This tip has a significant impact on the profitability of your matched betting in and beyond. If the back odds were 5. Ultimately, you should look for lay odds that are lower than the back odds.
As I mentioned above, this would allow you to make a guaranteed profit irrespective of the outcome.
Betfair and other exchanges use : The number of points to find an event where so did the competition in. We are a crack team of software developers and experienced Matched Bettors, dedicated to helping you earn a sustainable, tax-free point spread. This concept can be quite with define lay in betting what does pk betting, you need either against the spread or about that in leeds v chelsea betting preview betting. PARAGRAPHThis is typically done with with "bookmaker" and often the be done on individual games role at a given book. Before you access a free main concept behind matched betting so bookmark this page and. Teaser : Betting multiple teams and adjusting the point spread to "middle" a wager and come back to it, if. Pick 'em : A game with no favorite or underdog. It can also occur when online gambling became more appealing bet his followers all jump incentives to keep them betting much like this Smarkets free. Another way to distinguish between and lay betting is and you can find out more. Bettors take advantage of these free bets and bonuses and which your team only needs team is favored over the.You are probably wondering what does “pk” mean and how does it work. A pk -06 means that to bet that particular side you are laying to win ; this. A pk means that to bet that particular side you are laying to. In sports, the "line" on a game reflects an oddsmaker's prediction not only of the outcome on. Just like anything, sports betting can seem complicated at first glance. Bottle: UK slang, meaning odds of 2 to 1; Bridge Jumper: A US slang term for someone who loves Lay a Bet: When a bookie accepts a bet, or when a person places a wager on the favorite. PK or Pick: An even money line or evenly matched teams.