The Perfect Line for Bookmakers

All Bookmakers are in Search for the Perfect Line

Bookmakers consider the underdog and favorite teams when creating odds. This forms a margin between both sides, especially if a match only has two possible outcomes.

You can understand a bookie line fast if you are a sports enthusiast. The following are the six most popular types of bookie lines.

1. Implied Probabilities

Implied probabilities help punters choose the right sporting events. It refers to the probability which a certain number implies. For example, (-500) shows your possible winnings and the likelihood of a particular side winning a match between Denver Dogaroos and Memphis Fuzzygems.

You can convert money lines into percentage probabilities using an implied probability converter. It will show you that the implied probability of a certain team is 90 percent. If, according to your prediction (predicted probability), Dogaroos had a 90 percent winning chance, the bet would payout as you expected.

Even so, you can make 0 profit after a while, even if your prediction is precise. Aim at finding bets whose predicted probability is higher than the implied probability.

Bookmakers often payout according to the most likely outcome. You will earn more money if an unprecedented outcome occurs and you had predicted it.

The sportsbook might believe that Dogaroos are inexperienced in football, and they have a 60 percent winning probability. If you enter 60 percent in the implied probability converter, you might get (-150) American odds. So, you will make a $66.67 profit if you stake $100.

2. Point Spread Bets

A point spread bet is a prediction of the points which an underdog will lose to the favorites. The point total shows how a sportsbook thinks one side is better than the other one. For example, in a recent National Football Conference (NFC) Champion match between the Seahawks and the Packers, the Seahawks had an eight-point advantage.

So, players who wanted to wager with the spread on the Seahawks, the team had to win by over eight points to win their bets. Unfortunately, the game ended 28-22. You would have won the bet if you chose the Packers as underdogs by eight points.

3. Moneyline Bets

Punters wager on the team that will win a tournament. Many beginners like moneylines as they lack handicaps.

Most matches comprise a favorite and an underdog. Bookies reduce the odds of strong teams to discourage many players from betting on them.

4. Proposition Bets

The Super Bowl is renowned for its proposition bets, also called prop bets. Sportsbooks offer them for different sports like soccer and rugby.

Some prop bets like “Will Bill Belichick wear a hoodie today?” are interesting. Each answer has a betting line.

5. Value Bets

Some punters randomly pick winners for different sporting events without checking their previous results and form. It is advisable to place the same stake when you are on a winning streak. Still, you can have the same stake, have a poor betting record and make a profit.

Bets have different values at different times for bookmakers. For example, you can place many bets on your favorite side, win many wagers and make little profit.

Underdogs often have low winning probabilities and high profit margins. You can wager on them occasionally.

6. Point Total Bets

They involve predicting the points total of two teams in a game. It can be above or below the point total that a bookie gave.

For example, if the Seahawks are playing the Packers, sportsbooks can give them 45 points total before kickoff. If the game ends as 28-22, players who predicted that the points total would be over 45 will win money.Odds compilers use computer algorithms, formulas, and mathematical models when creating lines and odds. Statistics like victory margins and schedule strength help them for precise power rankings. At times, the compilers consult experienced sports analysts to get valued input on how they should set bookmaker lines.