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post #1 of 6 (permalink) Old 10-06-2005, 12:52 PM
190hp4banger
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Betting on football

Alright guys, you're gonna have to school me real quick. I was gonna post in another thread, but I figured that it would end up hijacked real quick. I've never been into betting/gambling, so what is the "line" on a game, the Over/Under, etc? Thanks
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post #2 of 6 (permalink) Old 10-06-2005, 02:55 PM
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In simple terms, the line is the number of points one team gets to make the game even in the line setter's mind. For example, in this week's TX-OU game the line is Texas -13.5, which could also be stated as OU +13.5. This means, if OU started w/ 13.5 points, the game would be even so to speak. So if you think Texas would win by more than 13.5, then you'd take Texas. If you think OU would lose by less than 13.5, you'd take OU.

Over/under is the total number of points in the game. The TX-OU over/under is 52.5 points. So if you think the combined score is going to be over 52.5, you'd take the over.

The fun bets are parlays and teasers, but we'll go over those later

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post #3 of 6 (permalink) Old 10-06-2005, 05:59 PM
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Where you getting -13.5? I want some. I can't get less than -14.

Parlays and teasers will kick your ass quickly and a prop bet for the amatuers.

One other line you will see is -110 or +110 (or any number from there). This is the moneyline.

For example, currently A&M is sitting at +140. This means if you bet $1000 and A&M wins (head ups, no points) you will receive $1400.

Last edited by 01WhiteCobra; 10-06-2005 at 06:22 PM.
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post #4 of 6 (permalink) Old 10-06-2005, 11:35 PM
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cool, got all that. I just wanted to ask here in case I had any questions on that stuff, and needed feedback, but it's simple enough. Like you said, parlays and teasers are the hard part to even understand .

http://www.onlinegamblingplanet.com/...otballbets.htm
Somebody put that in different terms..lol.
post #5 of 6 (permalink) Old 10-07-2005, 09:35 AM
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Quote:
Originally Posted by 190hp4banger
cool, got all that. I just wanted to ask here in case I had any questions on that stuff, and needed feedback, but it's simple enough. Like you said, parlays and teasers are the hard part to even understand .

http://www.onlinegamblingplanet.com/...otballbets.htm
Somebody put that in different terms..lol.
Parlays are where you pick multiple wagers and all must hit to get paid.

For example, a two wager parlay may be....

Texas -14
Texas OU under 52.5

The only way you would get paid would be if the final combined score of the Texas/OU game is under 52.5 and Texas wins by more than 14 points. If either of the wagers is a push (tie, like Texas wins by exactly 14 points) the parlay is reduced by won. A 2 wager parlay becomes a straight bet, a 3 wager parlay becomes a 2 wager parlay, etc.

For example, over at Sportsbook.com, with 5% vig day...

If I pick Texas to cover the spread (must win by more than 2 tds) and the under of the over/under line of -52.5 and put $100 on this, it will payout 272.70 (plus the original bet).

A teaser allows you to improve the point spread or the over under but at reduced odds. Basically you are buying points. Given the above 2-team parlay example, if I put $100 on a 2 team 6pt teaser the bet would look like this:

Texas -8 (I improved from -14)
Texas OU over/under 58.5 (I improved from 52.5)

If I would have picked OU and the over the bet would add 6pts to OU's points and substract 6 points from the over under it would look like this:

OU +20 (I improved from +14)
Texas OU over/under 46.5 (I improved from 52.5)

Now... since the sportsbook was being generous and allowing me to readjust the lines the will reduce my payout. In this example, sportsbook.com, will pay me $90.90 on my $100 bet (plus my original bet back) if I win.

Parlays and teasers are fun but if you ask any serious sports gambler they will reiterate they are sucker bets. That is why sports books push them so much... they make a shitload of money from them.

Not saying you cannot make money on parlays and teasers but if you are a long term sports bettor it will even out quickly and you will be a net loser.

As with any gambling (from poker to sports) you are playing probabilities and that is why parlays are a sucker bet.

In simple math terms, regarding parlays...

The odds of winning 2 out of 2 bets (with a 50% picking ability) is 3 to 1 against. You get this figure from multiplying the chance of winning one game (1 of 2) by the chance of winning the second game (1 of 2) for a result of 1/4. One chance in four of winning 2 games, which is 3 to 1 against.

The odds are 3 to 1 against going two for two so the fair payout would be 3 to 1. You are getting 13 to 5 on a two team parlay. 3 to 1 is 15 to 5.

You are at a 10% disadvantage which is over twice the 4.5% disadvantage you face with betting one game at 11 to 10.

Just the name "teaser bet" should keep serious gamblers away from teasers.

I tend to concentrate in NFL games, there is just alot more available information out there. I'm somewhere around 55-56% on average over the years. I do play a 6 team parlay every week for $5. With 44-1 odds its fun on Sundays to watch the games and I usually hit one every two years or so which pays for the fun of playing the 6 team parlays.
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post #6 of 6 (permalink) Old 10-08-2005, 01:21 AM
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awesome, thanks a lot.
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