How to bet on NCAAB games
How mainstream has golf betting gotten in the past 2-3 years? Norm MacDonald, comedian and worldwide celebrity, recently tweeted an entire tournament round’s worth of odds-tracking and bet touting just for fun.
Most basketball bets are made on the point spreads. This is the easiest wager to understand. The sportsbook puts out a number to try and balance out the action on each side. If you want to wager on the favorite then you subtract the spread from that team’s score. If your team still has more points then you win the wager, if not you lose. For underdogs you add the point spread to that team’s total to see if they cover or not.On nearly every basketball point spread you will lay -110 to win 100. However, using a reduced juice sportsbook like 5 Dimes allows you to bet $105 to profit $100.
Here is an example of what I’m talking about:
In this example if you want Iowa you will bet $11 to win $10 (or any denomination thereof). If Iowa beats the Wolverines or loses by less than 10 points your bet will cash. The only way you will lose is if Iowa loses by more than 10 points.By taking Michigan you are only going to collect if they beat Iowa by more than 10 points. A win by less than 10 points means you lose.If Michigan wins by exactly 10 points then you push. The amount you bet is returned back to you.
Totals (Over/Unders)Do you think two teams are going to play a high or low scoring game? If so then gambling on the total might be your best option. The sportsbook releases a number and you have a chance to wager on whether you think the total points scored by both teams will go over or under that number. For example if the total is 144.5 any bet on the “over” will cash if 145 points or more are scored in the game. If both teams add up to 144 or less, “under” wagers cash.
Money lines are straight forward wagers on who is going to take the game straight up. You don’t have to worry about a point spread. The sportsbook manages risk by using a number that tells you how much you have to risk to collect $100 in winnings. For favorites a minus (-) sign is used to tell the gambler how much he has to put at stake to profit $100. The underdogs get a plus (+) sign to signal how much a bettor can cash in on a $100 wager. Let’s take a look at another example.Iowa +250
Michigan -270In this example when you think Michigan will beat the Hawks you have to gamble $270 to win $100. A $100 bet on Iowa would get you $250. The more likely the favorite is to be victorious, the higher the numbers will be. If two evenly matched squads are facing off both money lines will be close to -110.You can read more on understanding money lines or take a look at our conversion chart to see the percentage chance of each team winning at any given line.
You might have heard the term “parlay” before and what this refers to is a combination of bets (sides and totals). Each one of the wagers has to win for you to cash in on your parlay. As you can see from the table below for a small amount of risk you have the opportunity to earn some pretty big returns.*Note the payouts are for -110 bets. You can still parlay big favorites on the money line those but the payouts will be much less.