If you are planning to try your hands at a budding past time, it pays (literally) to know what you are doing. Inability to read sportsbook betting lines is one thing that creates a lot of confusion for bettors who have just started. Point spreads and money lines are betting terms used to indicate one team being favored over another. Out of the four major American sports, point spreads are the most frequently used forms of betting on football and basketball, while money lines are used for sports like baseball and hockey, as the scoring in these games is very limited.
When using a point spread bet, you wager on a specific team that will win or lose by a certain amount of points. This pays out even-money minus the vigorish, or bookmaker’s take. Another major question that comes up with first time bettors is what exactly is the vigorish, or juice. The juice is usually 10-percent of all bets that is the fee charged by the bookmakers. For example, if one bettor bets $550 to win $500 on Pittsburg and the other bettor chooses the Cardinals, $550 to win $500, then not considering the outcome, the house makes $50 dollars. In other words, the vig is a 10-percent fee paid for the bookmaker’s services.
Nearly all betting sites pursue the same sportsbook betting lines pertaining to what comprises an official game. In football and basketball, this happens usually within five minutes of a full game, meaning football games are declared official if 55 minutes are played, NBA games after 43 minutes, and college basketball and the WNBA after 35 minutes of play. The one sport where the official game comes into play more than any other sport is baseball, as the weather can cause confusion in the betting world because of the unknown outcome.
Possibly the utmost advantage of knowing the rules prior to placing a bet is for those dealing with local bookmakers. Many local bookmakers have the habit of changing sportsbook betting odds and lines, depending on which ruling is the most beneficial for them. So, be wary of the bookmakers and make an educated bet in .