what does o and t mean in sports betting

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The bookie has indicated that it could close up to outlets, with the number of closures ultimately dependent on how gamblers change their habits. William Hill is making progress in fulfilling its American ambitions. Since legislation banning sports betting was overturned in May, six states have legalised this form of gambling, and William Hill is present in all six. Sign in Register. Join our community of smart investors Subscribe. Investment Ideas. A non-cash impairment on the UK retail business wiped out full-year profits.

What does o and t mean in sports betting off track betting memphis tn zip

What does o and t mean in sports betting

Thus, all the fundamental bets are in 1 place, allowing for effortless access. Moreover, 2H bets are extremely popular since you have the ability to observe how well the team is playing in the very first half. On-line sportsbooks offer you many options in regards to legal Super Bowl betting so be certain to check them out. Bookmakers are not going to inform you why they circle games.

Unless you happen to be a lot smarter than the bookmakers, your hard-earned money will shortly be gone. Sports books assign the things that they think is a fair price for a specific outcome. In addition to exceptional talent, as a way to be considered the GOAT, the person must also maintain a consistent high degree of achievement. The underdog teams will almost always payout more cash than the sum you wager.

The opposite is true for the Bucks. Whichever team has a higher score after factoring in the point spread wins the bet or "covers" the spread. Rather, this is the number the sportsbook predicts they will receive even action on both sides of the bet. This is an advanced topic and will be explained in a later post.

You might be asking, why all the half points? The answer is simple: this helps prevent the occurrence of a tie for a bet commonly called a push. You will see whole number spreads and totals, but sportsbooks try to avoid it for this reason. Finally, the listed after each point spread are the actual odds for the bet. Still confused? Keep reading young grasshopper.

The fourth column is called the money line often denoted as ML in text. This type of bet is for those that wish to bet who will win the game straight-up. For simplicity though, we'll stick to the NBA odds screen from above. This is where things may get a little confusing for those unfamiliar with American odds.

There are also other formats for betting odds found around the world, such as Decimal and Fractional. I won't dive into this today, but Pinnacle has a good article about the difference between American and Decimal and shows how to convert between the two here. If you are betting on money lines, it's extremely important to understand that these odds represent both a price and a probability. I will cover this in the near future as this is vital to understand, but right now we're just concerned with how to read all these weird looking numbers.

The number next to it is the total points scored in the game i. Some NBA games will have totals below , and some will be over This all depends on how fast both teams play, how efficient their offenses are, how strong or weak each team's defense is, and most importantly, what the public perception is of both teams.

Lastly, like the spread, totals are listed at odds. Spreads and totals odds may fluctuate slightly from for various reasons, but in general this is what you will see. Now you know the basics of reading sports betting odds. I hope this was helpful and that you are now more informed when making betting decisions.

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Bookmakers are not going to inform you why they circle games. Unless you happen to be a lot smarter than the bookmakers, your hard-earned money will shortly be gone. Sports books assign the things that they think is a fair price for a specific outcome.

In addition to exceptional talent, as a way to be considered the GOAT, the person must also maintain a consistent high degree of achievement. The underdog teams will almost always payout more cash than the sum you wager. Once again sometimes, in the event the total is an entire number, the end result might be a push. For any specific event, there are a particular number of outcomes. In addition, the rotation number makes it possible for each book to list the games in the exact same ordernumerically.

There are a couple other ways odds can be presented, but this is the most common for a majority of those reading. Below is a screenshot of the NBA betting screen from 5Dimes. I'll be referencing this throughout the article to help explain the different bets you can make and what all those numbers mean.

The five columns of data are standard formatting for online sportsbooks. The appearance may vary slightly, but everything we review should be in the same place. The first column is pretty obvious so I will skip over that. The following one starts to look a bit confusing if you are not familiar with how lines are presented. For example, the Miami Heat are rotation number Not all online sportsbook will show this, but every brick and mortar book such as those in Vegas do in order to avoid confusion.

When giving your bet to a ticket writer at the counter, it's easiest to reference your side's rotation number - especially for college sports. It is the most common bet to make in football and basketball, and is a way to make an even-level bet; regardless of how much better one team is than the other.

It is much easier for the casual bettor to compare how much a team will win or lose by rather than figuring out the implied probability of a team winning with the money line odds next column. In the screenshot above, the first game has the Pacers as a 4.

The The opposite is true for the Bucks. Whichever team has a higher score after factoring in the point spread wins the bet or "covers" the spread. Rather, this is the number the sportsbook predicts they will receive even action on both sides of the bet. This is an advanced topic and will be explained in a later post. You might be asking, why all the half points? The answer is simple: this helps prevent the occurrence of a tie for a bet commonly called a push.

You will see whole number spreads and totals, but sportsbooks try to avoid it for this reason. Finally, the listed after each point spread are the actual odds for the bet. Still confused? Keep reading young grasshopper. The fourth column is called the money line often denoted as ML in text.

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Here is a breakdown of each unit of information given above. Wagers on the point spread are among the most popular sports wagers in the world. Placing a point spread bet means gambling on how much a team will win or lose by. In our above example, the Cowboys are the favorite. How do we know that? The minus symbol in front of the point spread indicates that the bookmaker thinks the final score will have Dallas winning by 7.

Should the Cowboys win by less than 8 points, your bet is lost. A wager on the Giants on the spread does not mean that New York has to win the game in order for you to win cash. You determine a winning or losing point spread by adding or subtracting 7.

When you see a line with a full number instead of a number with a half point, your wager could end up as a push. In our example, if the line were 7 instead of 7. Most of the time, these two numbers will be the same, because oddsmakers want to set lines so that they get as much action on the underdog as on the favorite, guaranteeing them a profit.

The last number in the top two rows of our sports line example is known as the money line. The final line of information in our example line is the over-under. Understanding the world of online betting can be a daunting task for the sports betting novice. Odds are a set of numbers which indicate the likelihood of an event taking place. The moneyline wager is perhaps the simplest bet to understand.

The minus symbol indicates the favorite to win, while the positive shows who the underdog is. Moneyline wagers have odds attached to both the favorite and the underdog. Note: the odds are given in the American format. Usually in any game, one team is better than the other, giving us the terms favorite and underdogs in the first place. The point spread makes things more interesting for bettors, as well as making a profit for the bookies. Essentially, the point spread is a handicap given by the bookmakers to bring teams to an equal footing, in that it generates interest in both teams from bettors.

If you placed a bet on Team A, the team would have to win the game by eight or more points. Betting on Team B would win you your bet if the team wins the game, OR if it loses by less than six points.

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When you see a line with a full number instead of a number with a half point, your wager could end up as a push. In our example, if the line were 7 instead of 7. Most of the time, these two numbers will be the same, because oddsmakers want to set lines so that they get as much action on the underdog as on the favorite, guaranteeing them a profit.

The last number in the top two rows of our sports line example is known as the money line. The final line of information in our example line is the over-under. Wagers placed on the over-under have nothing to do with which team wins or the difference between the points they score, but rather the combined number of points both teams will score in the game.

The first number It could be Dallas 54, New York 3, or any other point combination that adds up to 57 or more and your bet will win. Betting the under means that the two teams cannot score more than 56 points combined, or else you lose your bet. Reading sports betting lines becomes easier with practice and experience with different sporting events. What looks like a jumble of letters and numbers actually gives a lot of information in a tiny amount of space.

Different sports have different types of wagers available, such as the run line in baseball or the puck line in hockey, both of which replace the money line found in our football example. How to Read Betting Lines If your sports betting experience consists mostly of office pools during March Madness or a casual wager between you and a friend while you watch the Super Bowl, the transition to serious sports betting means learning how to read betting lines.

What does the last number in the line mean? Betting on Team B would win you your bet if the team wins the game, OR if it loses by less than six points. Instead, the bet depends on whether the combined amount is over or under a predetermined number set by the bookmaker.

All you have to do is decide whether the combined scores will total over that mark, or under it. Again, there are three main formats:. What does this mean? All you have to do is multiply your wager by the odds to find out your potential winnings. Fractional odds are one of the oldest forms of odds in sports gambling and are more popular in the UK market. Basically fractional odds show you how much you are set to win relative to how much you put in.

There are a few reasons. Firstly, the bookmakers may change the odds to protect their profit. These will all have an effect on the betting odds offered.