Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with.
Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality. Betting on the point spread is the most common way to wager on sports. And the first time you take a favorite that wins the game but doesn't cover the spread, you'll understand every bettor. Covers Experts is the home of the world's best sports betting advice and our roster features over 30 of the top handicappers in the industry. With a team that includes all-sports handicappers to sport-specific and niche ones, we provide you with an edge on the odds from NFL to Horse Racing and everything in between. Online & Vegas sports betting odds & lines, betting news & picks for 2021. Covers the most trusted source of sports betting information since 1995.
Do you know why the house always wins eventually when it comes to casino games? With casino games, we are able to solve for the probability of any given outcome mathematically.
So, when you spin a roulette wheel, there's a 1-in-38 chance of the ball landing on the number that you bet. The casino sets the odds so that correct picks pay out 36-to-1, and so the math works out in such a way that the house always has a significant advantage over the gamblers.
Fortunately for sports bettors, the probability of winning or losing a sporting event is less certain. Numerous factors influence the outcome, and without having definite expectations determined by the number of cards or dice, sportsbooks are forced to try and set the odds based on their own research.
Furthermore, when the bookmaker sets their line, they aren't trying to accurately predict the probability of each outcome happening.
A sportsbook's goal when they set the odds of a contest is to entice bettors to place an equal amount of wagers on each side, guaranteeing the book makes a profit.
So once they've crunched the numbers and predicted the probability of each outcome happening, they adjust the odds to bring in action on both sides. The odds that are set then carry a certain implied probability, which is the number we base our wagers on.
Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality. Betting on the point spread is the most common way to wager on sports. And the first time you take a favorite that wins the game but doesn't cover the spread, you'll understand every bettor. Covers Experts is the home of the world's best sports betting advice and our roster features over 30 of the top handicappers in the industry. With a team that includes all-sports handicappers to sport-specific and niche ones, we provide you with an edge on the odds from NFL to Horse Racing and everything in between. Online & Vegas sports betting odds & lines, betting news & picks for 2021. Covers the most trusted source of sports betting information since 1995.
Do you know why the house always wins eventually when it comes to casino games? With casino games, we are able to solve for the probability of any given outcome mathematically.
So, when you spin a roulette wheel, there's a 1-in-38 chance of the ball landing on the number that you bet. The casino sets the odds so that correct picks pay out 36-to-1, and so the math works out in such a way that the house always has a significant advantage over the gamblers.
Fortunately for sports bettors, the probability of winning or losing a sporting event is less certain. Numerous factors influence the outcome, and without having definite expectations determined by the number of cards or dice, sportsbooks are forced to try and set the odds based on their own research.
Furthermore, when the bookmaker sets their line, they aren't trying to accurately predict the probability of each outcome happening.
A sportsbook's goal when they set the odds of a contest is to entice bettors to place an equal amount of wagers on each side, guaranteeing the book makes a profit.
So once they've crunched the numbers and predicted the probability of each outcome happening, they adjust the odds to bring in action on both sides. The odds that are set then carry a certain implied probability, which is the number we base our wagers on.
In order to become a successful sports bettor, you must do your own statistical analysis. The goal is to identify variables that have a strong influence on the outcome of a contest or event and calculate your individual probabilities for each possible result. The last step is to compare your percentages of likelihood against the implied expectations set by the bookmaker.
Covers Betting Odds
Winning sports gamblers only make a wager when a bet has positive value. A gamble is said to have value when the implied probability based on the odds is a lower percentage than the likelihood you calculated from your own analysis.
That's the whole name of the game; if your math says that Team A will win this contest 45% of the time, but the odds mean Team A would only need to win 20% of the time to break even, that's bet has value.
Backdoor Cover Sports Betting
But how do we accurately determine the probability so that we have a number to compare against the odds? We have to create betting systems based on statistical analysis and probability distributions. This guide is meant to help you understand how handicapping is done and get you started.
There are two types of bettors in the sports betting industry and each of them has their own unique way of doing things. Some bettors strictly bet money lines. They say that the winner of the game should be the only thing that matters. Casino games slot games. However, the majority of the betting industry lives and breathes with betting the point spread on NFL and NBA games. They will tell you there is nothing sweeter than cashing a winning point spread ticket because they were able to 'beat the Vegas line'. That's probably a bit of an exaggeration, but watching your team cover the spread does feel nice.
Covers Sports Betting Forum
What Does Cover Mean?
If you hear someone using the term 'cover' they are referring to a short form for 'cover the spread.' A team can only 'cover' when a point spread line is available to bet on. Depending on if you bet the favorite or underdog, covering the spread could mean winning by a certain margin or losing by less than a specific number.
How to Know If a Team Has Covered the Spread
I will pull no punches here. If you asked a few causal bettors (squares) to describe what it means to cover the spread, you would be shocked at how many of them don't get the answer right. I'm not sure how this is possible considering they probably enjoy betting on the NFL, but this confusion is just one of the many significant reasons that sportsbooks makes the amount of money that they do.
Covers Sports Betting Consensus
Let's use an example from the NFL to help squares understand what it means to 'cover the spread.' If the Chicago Bears go into Lambeau Field as seven-point underdogs against the Green Bay Packers, then the Bears would be the 'getting' points. This means that if you bet on the Bears, any result other than a loss by eight or more points, would cash your ticket. If you like the Packers, you will be 'laying' the points, which means the only way to cash this ticket is if the Packers win by eight or more points – which means they will have 'covered the spread.' If by chance the Packers win the game by seven points exactly, the game is deemed a push since neither team covered the spread.
How is Covering the Spread Different fromWinning Outright?
There is a saying amongst bettors that goes like this: 'good teams win, great teams cover.' This statement couldn't be truer. The difference between sharp and square bettors is that they know the only thing that matters in regards to a game is how much a team wins by and loses by. Square bettors tend to think that the better team will cover the spread easily. Sure, they may win the game outright, but teams never concern themselves with how much they win by. The sooner you can understand that concept, the sooner you will be prepared to efficiently bet on the point spread.
The successful handicappers pride themselves on their ability to continuously get better at calculating how much a team should win or lose by. Each of these handicappers has their own unique power rankings/formulas to calculate this data and they trust it more than anything. They also know when the risk is worth the reward, which is vital when betting the point spread since the prices remain relatively the same throughout the year. This means that you would need to hit at around a 52 percent winning clip in order just to break even betting -110 lines.
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