You will likely notice that moneylines, point spreads, and over/under totals vary from one sportsbook to the next for the same college basketball game. How to Use the Action Network's College Basketball Odds Page Maryland, bettors will have to invest $108 for every $100 worth of profit when betting the over and bet $112 for every $100 worth of profit when betting the under. Over/Under bets also have juice, which is also indicated underneath the the over/under totals in the table. To win on an "Under" bet, the two teams must combine to score 146 points or less. To win on an "Over" bet, the two teams must combine to score 147 points or more. Oddsmakers have set a total of 146.5 points for this Iowa vs. The bettor is only concerned with the combined point total regardless of the outcome. The winner or loser of the game is irrelevant in this wager. Betting over/under means deciding if both teams will combine to score more or less than a specific point total assigned by oddsmakers for the contest. Over/Unders, or totals, are another typical college basketball bet. This is commonly referred to as a “ pick ‘em ” matchup. In some instances, oddsmakers will set an even spread, which means that they see each team as likely to win the contest as the other. A push means that no team covered the spread and you will get the money back that you placed on the wager. What happens, you may wonder, if Iowa wins the game by exactly 4 points? This scenario is what is known as a “ push ”. Betting on Iowa would net someone $100 for every $112 invested if they covered the spread whereas a bettor would earn $100 for every $108 invested on Maryland if they covered the spread. The vig for the spread works the same as a moneyline when calculating a bet's potential payout. The juice is -112 for Iowa and -108 for Maryland. In this game, each team has their own juice number, meaning that the tax you pay to the sportsbook will be different depending on the team you wager on. Typically, you'll see this number directly below the spread in a smaller font. Maryland:Īside from the spread number, bettors also need to be aware of the juice, or the vig, which is the “tax” that betters pay to a sportsbook to place their wager. A bet on the underdog will, if the team wins the game outright or loses by less than allotted point spread. The number next to this minus sign is how many points the favored team has to win by in order to cover the bet. Similar to a moneyline bet, a minus sign (-) is assigned to the favorite team. To cover a spread, the selected team must beat the point spread that was assigned by oddsmakers for a particular contest. In this type of wager, the bettor has correctly pick which team will win or lose by a specific amount of points. The point spread may also be referred to as a margin of victory bet, bets against the spread, or simply, the spread. Bettors must risk more money to profit when placing a wager on a favorite as compared to an underdog. By contrast, Iowa's moneyline of -177 means that a bettor would win $100 for every $177 invested. This would give you a total payout of $245 with your original $100 wager included. Maryland matchup, a $100 bet on Maryland at +145 odds would result in a $145 profit if they won the game. The specific numbers next to the plus or minus signs indicate the associated payout amount for betting on each team. Maryland is the underdog with the +145 moneyline. You can tell that Iowa is the favored team in this game because they have a -177 designation moneyline. You can tell which team is the favorite in an odds table as they will be designated with a minus sign (-) while the underdog will be given a plus sign (+). Here's how the moneyline bet looks for our selected college basketball matchup: The favorite is the team that is expected to win the contest, and conversely, the underdog is the team that is expected to lose. Almost every single game will have a favorite team and an underdog team. The most common betting types that you will encounter with college basketball are:Ĭollege basketball moneyline bets simply require a bettor to select the winner of a particular contest. Understanding the various types of college basketball bets, and how they payout, is a must before placing a wager with any confidence. We will use a game between the Iowa Hawkeyes and the Maryland Terrapins as an example throughout this college basketball betting guide. This page will help those new to betting understand some of the basic terminology as well as provide details on how to read and understand college basketball odds. March Madness brackets aside, there are a variety of ways that residents of states where sports betting is legalized can get in on the action. College basketball is one of the most exciting sports to bet, especially come tournament time.
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