If you bet $100 on the Utah Jazz to win outright, you would win $130 in 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, 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.