Knowing how to bet basketball online is just as important as knowing where to bet. When it comes to online sports betting, Gamblers palace will provide you with the latest basketball moneyline odds and lines on every Online sports event.
Moneyline basketball bets usually confuse sports beginners.
This guide will teach you how moneyline bets work and how you can spot the +EV lines.
Around 50% of your basketball wagers should be moneyline bets. The reason you should give so much action to this particular type of bet is simple.
The lines do not represent the expected outcomes.
This is one of the bets that bookmakers love because they do not actually lose anything regardless of who wins.
The two most popular ways of expressing odds in Basketball, is with the point spreads and money lines. Betting on college basketball moneylines is another way of betting on one team or another without taking the point spread into account.
The moneyline basically wipes the point spread out and turns the wager into one that uses odds. The easiest way to understand a money line, is to think of it as an indication of the amount you need to bet to win $100 (or 100 of whatever currency you are betting in) or the amount you will win if you bet $100.
Since the pointspread is now gone, the odds are used to make up for the difference in talent between the two teams. This means that you will end up betting more on the favorite to win less and conversely, you will bet less on the underdog to win more.
Money lines are expressed with a negative number, say -110, or a positive number, say +110. A negative money line number indicates what you must bet to win $100, and a positive money line number indicates what you will win if you bet $100.
If you bet $110 on a team with a money line of -110, and they win, you will win $100 (plus return of your original $110 bet).
If you bet $100 on a team with a money line of +110, and they win, you will win $110 (plus return of the original $100 bet). Unlike point spread bets, the teams do not have to win by any particular number of points.
Now, you do not have to bet an amount equal to the money line number. You can bet more or less and the payoff simply becomes a proportional amount. For example, if you bet $11 on a money line of -110, and your bet wins, you will win $10. If you bet $50 on a money line of +110, and win, you will win $55.
In the event of a tie, all money line bets are settled as a Push and monies are refunded. The difference between the two lines typically starts at 20 "cents" in basketball and gets larger as the numbers get higher.
For example, if the favorite is -240, the dog may be +200, a difference of 40 "cents". The higher difference at higher numbers simply serves to keep the percentage of vig for the house roughly the same.
The trick to consistently winning money on moneyline bets is being able to determine the actual odds. This is what basketball betting is all about.
Many sports bettors look at the facts and come up with a probability of a win/loss in their gut. Others use complex mathematical formulas to determine how many times out of 100 a team will beat the other. Once you have that figured out you will know which money line bet offers more value.
Not every moneyline will present an opportunity, but be sure to compare the money lines and corresponding spread. Going against the public trends will lead to you getting better "prices" on all your plays and you will be more profitable in the long run.
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Over Under betting ( sometimes referred to as Game Total betting ) involves betting on the number of points both teams score in a game combined.
The oddsmakers will set a game total or over under number, and bettors can either choose for the total number of points scored by both teams to go over or under the set number.
An example would be if the number was set at 156.5, bettors could bet on there being 157 or more points (the over), or 156 or fewer points ( the under ).
Bookmaker Sportsbook allows basketball bettors to place thier basketball sports bets via your mobile phone.
Their ( Mobile Cell Phone sports betting ) online section provides the latest updated sports betting odds, account history and lets you place a basketball bets or any other kind of sports bet from anywhere at anytime, plus information you would ever need to bet on sports online.
Just Click on our mobile cell phone menu, so you can have live College and NBA odds, in real time at your fingertips. Mobile Phone Basketball Betting.
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