If you bet $100 on the Utah Jazz to win outright, you would win $130 in Multiply Your Betting Odds profit. The spread in an NBA game determines which team is the favorite or underdog by a certain number of points. A team with a -5 is favored to win that particular game by five points.
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However, it is worth repeating that live betting is just a lot more unpredictable in general compared with line movement before the game. Just like in the previous example informative post , if you bet on the favorite and they take an early lead there will be a lot more points on offer for the underdog. You can bet on them at the improved price and stand to win the middle. However, if you have a combination of bets on the game it can easily present great opportunities to hedge your bets, or bet the middle.
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That may not seem like a huge difference, but it can absolutely add up for any bettor who wagers a decent level of volume. Consider the potential return for a successful $100 bet at both price points. While it would be great if the answer to that question was a simple “yes,” the reality is different. For spreads and totals, the vig will fall into the range used for our example above. In the above formula, p and q represent the decimal payout for each outcome of the bet. Yep, that means you would have to convert the odds to decimal form to figure it out.
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Therefore, we would see odds that would be closer to something like “Toronto Raptors -350” and “Phoneix Suns +295”. In this example, you would have to bet $350 on the Raptors to win outright on the moneyline to win $100 profit and if you bet $100 on the Suns’ moneyline you would win $295 profit. Since this game is considered a lopsided advantage for Toronto, the payouts are smaller on Toronto and bigger on their opponent compared to a closer game involving Sacramento and Utah. These are associated with lower risk compared to most other mutual funds.
This means that regardless of who wins, they will make a profit on the commission they charge, which is the cut the sportsbook takes of every bet before it is paid out. For example, if you bet $100 on a team winning, with odds at 1.82, then your potential total amount received is $182. Well, the Warriors are a favorite , so you’d have to bet $140 in order to win $100.