1. What Does Even Mean In Sports Betting Lines
2. Betting Football Online Websites
3. What Does +100 Mean In Betting
4. How To Read Betting Odds

There are two absolute guarantees in life and while we all know the first one, taxes are probably the one we complain about the most. Everything has a tax (depending your state) and unfortunately there is nothing really that can be done about it. In the sports betting industry, there is a form of tax sportsbooks use called “juice” or “vig”. This is to ensure that the sportsbooks turn a profit regardless of the outcome of a particular game. However, sometimes the sportsbooks feel generous enough to offer up a “tax-free” line. This line is known as “even money” and offers up a chance to double your money – no questions asked.

What Does Even Money Mean?

What Does Even Mean In Sports Betting Lines

The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds. In terms of the spread, the ' - ' always refers to the favorite and the ' + ' always refers to the underdog. For example, you can bet the Dallas Cowboys as a -7 point favorite to beat the Green Bay. Even though this type of betting is so popular, it may take awhile to understand. The point spread is sometimes known as an equalizer for sportsbook operators. All teams aren’t created equally, so sportsbooks can create a point spread for a game so that each team playing has an almost even chance of winning the game.

So even if gambling is not legalized in your jurisdiction, that does not mean you can not make a bet online from the comfort of your home, regardless of location. This convenience is a big reason why mobile betting apps have exploded in popularity in just the past few years. In fact, over/under is perhaps the most common betting type as it’s offered on a wide range of sports, including some of the most obscure betting markets. Over/under bets can even be found on sports such as golf or tennis, but because the scoring systems vary from one sport to another, the bets will too.

Betting Football Online Websites

Long after a game’s outcome is decided, even after the point spread has been covered, you’ll find bettors in the sportsbook sweating every meaningless basket or run scored. They probably have.

When you hear the term “even money” being tossed around, it is a term used to reference a bet placed without any juice or vig. The odds for this wager are expressed in three different ways depending on what odds you prefer to use. As a fraction, even money is expressed as 1/1, while American odds express it was -100 or +100. The majority of the time, even money odds will be listed as “EVEN.”

How Does Even Money Odds Effect the Sportsbook?

Generally speaking, sportsbooks do not like listing even money lines because it is not as easy for them to make money. Since sportsbooks pay out as much money as they take in, sportsbooks would need to rely on a very low winning percentage from the public in order to come out ahead. Since sportsbooks run the show, they do everything in their power to avoid posting “EVEN” odds. They feel comfortable posting odds like -105 and the standard -110 lines, since that extra bit of juice allows them to turn a profit – as long as the balance is equal between both sides. In order for the public to turn a profit betting into -110 lines, they would need to risk $110 dollars to win $100, which means the extra $10 stays with the sportsbook.

Are Even Money Odds Worth Playing?

What Does +100 Mean In Betting

When a bettor sees “even money” they are inclined to explore further since the chance to double up has presented itself. Betting “even money” lines over the long term can be effective, since you won’t need to have a super high winning percentage to turn a profit in comparison to betting the -110 odds. However, this is where the sportsbooks get you. You must make sure that “even money” is actually worth it or not. Let’s use roulette as an example.
You can get even money odds for betting on the outside of the board – things like red or black, odd or even, or 1-18/19-36. Each of these “even money” propositions seem fair on the surface, but they are far from. Think about it for a second. Depending on the board, there are actually 37 or 38 spots on the wheel – 36 numbers plus 0 and 00. That means any one of those bets could lose and the even money line is not actually a fair representation of the true odds. Playing this even money method would be a losing proposition over the long term which is why you should always be sure the potential return exceeds the risk involved.

How To Read Betting Odds

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