Spread bets are the most popular form of sports betting. Also referred to as a “line,” the spread is a type of bet that evens up the chances of winning a wager, regardless of whether you bet on an underdog or a favorite. The spread for a game can change leading up to game time. Here’s an example of a spread bet. . .
Duke is taking on Virginia and is favored by 4.5 points. That means they will be -4.5 and Virginia is +4.5. The reason for the .5 is to avoid pushes. In this case, if you bet Duke to win and the final score is 70-65 Duke, you would win the bet.
For most spread bets, the odds will be -110. This can vary depending on your bookmaker and the game you are betting on. If it is -110 odds and you bet $110, a win would yield a profit of $100. If you place a $115 bet on -115 odds, the profit would be $100, and so on.
A good strategy for betting college basketball spreads is to bet against the public. While recreational bettors load up on one team, smart bettors wager on the other side. You want to side with the smart ones.
Moneyline (ML) bets are more straightforward than spread bets. It’s as simple as this: You bet on which team will win the matchup.
The other difference is the number behind the “+” and “-“ signs, which indicates the payout odds. You’ll notice that betting an underdog to win yields a far higher payout than a spread bet would. Obviously, that is because the odds of an underdog winning outright are less likely than covering a point spread.
A tip for moneyline betting is to do your research, and figure out whether the odds are good value for the team you’re picking.
Over/under bets are a form of sports betting that consists of wagering whether the total number of points scored in the game will go over or under. Simple, right? For example, if the sportsbook lists the Over/Under (O/U) as 125.5 total points for Duke vs North Carolina and the final score is 70–60, over bettors would win because the total is 130. If the final score is 62-60, under bettors would win because the total is 122.
A tip for over/under bets is to research the average point total for both teams.