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Sports Betting 101: How to Calculate the House Edge
According to a UNLV Center for Gaming Research study, more than $81 billion was bet on sports in Nevada from 1984 to 2018. Of that $81 billion, Nevada won $3.9 billion. Why does Vegas win so much money? Sure, they set set very accurate and hard to beat lines and of course capitalize on the luck and randomness of betting, but they also hold a built in advantage over bettors based on the rules of the game and overlooked fine print.
Sports Betting 101: The house takes vig, vigorish or juice on every bet
We've discussed the three most popular ways to bet on a game: The spread, the moneyline and the total. In this edition of VSiN Betting 101, it's time to discuss the final basic tenet of sports betting that all bettors must know. Consider it the elephant in the room._x000D_
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I’m talking about the juice.
Sports Betting 101: Point totals for games, 1st Half, 2nd Half, teams, and the over/under
Betting on favorites and underdogs to win or cover the spread isn't the only way to bet on a game. In addition to setting the line for favorites and underdogs, oddsmakers also set a line on the cumulative amount of points, goals or runs scored in the game by both teams combined. This is called the total, which is more popularly referred to as the “over/under” or simply the “O/U.” _x000D_
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Sports Betting 101: Totals for games, half, teams and players
Betting on favorites and underdogs to win or cover the spread isn't the only way to bet on a game. In addition to setting the line for favorites and underdogs, oddsmakers also set a line on the cumulative amount of points, goals or runs scored in the game by both teams combined. This is called the total, which is more popularly referred to as the “over/under” or simply the “O/U.”
Sports Betting 101: What you should know about moneylines
After the spread, the second most popular way to bet on a favorite or an underdog is on the moneyline, also known as the "ML" for short. The moneyline is only based on which team will win straight up. The margin of victory does not matter. It could be 1 point or 100 points, all that matter is winning the game.
Sports Betting 101: What you should know about moneyline bets
After the spread, the second most popular way to bet on a favorite or an underdog is on the moneyline, also known as the "ML" for short.