Wager Mage
Photo by Rahul Shah Pexels Logo Photo: Rahul Shah

How do you read the spread?

Bookmakers set a spread with the hopes of getting equal action on both sides of a game. For example, the Colts are a -3 point favorite against the Texans. The -3 points is the spread. If you want to bet the Colts on the spread, it would mean the Colts need to win by at least three points for you to win the bet.

Do you pay tax on Betfair winnings?
Do you pay tax on Betfair winnings?

You do not pay tax at Betfair, and commission is only paid on your net winnings on each market. This is particularly beneficial if you have...

Read More »
Do bitcoins get destroyed?
Do bitcoins get destroyed?

Bitcoin is considered hack-proof because the Bitcoin blockchain is constantly reviewed by the entire network. Thus, attacks on the blockchain...

Read More »

What is the spread in sports betting?

The spread, also referred to as the line, is used to even the odds between two unevenly matched teams. Bookmakers set a spread with the hopes of getting equal action on both sides of a game. For example, the Colts are a -3 point favorite against the Texans. The -3 points is the spread. If you want to bet the Colts on the spread, it would mean the Colts need to win by at least three points for you to win the bet. If the Colts win by two points, you would lose the bet because they didn't hit the key number of three. The spread at -3 suggests the teams are fairly equal and maybe in this case, the Colts are only -3 because they are playing at home. Bookmakers see these teams as equal and expect to receive fairly even money from bettors. If these teams were widely considered equal and bookmakers put the spread at -10, they wouldn't get equal money as Texans +10 would likely be pounded by bettors. In a spread bet, the odds are usually set at -110 on both sides, depending on the sportsbook and state. That means whether you bet the Colts -3 or Texans +3, you'll win the same amount of money if you win the bet. If you like the Colts to win but think three points is a tricky number, a moneyline bet could be made on the winning team with no points in the equation. In the above example, a Colts moneyline bet doesn't have any other requirements other than they win the game. The difference is that their odds may be set at -140 to win. On the other end, the Texans could be +120 to win. While betting the Colts moneyline leads to a smaller payout, an underdog moneyline bet on the Texans would yield more money because you'd get money on them winning the game straight up. In a spread bet, even if the Texans won straight up, you'd still only win the bet because they lost by less than three points. For spread bettors that are located in Ohio, you can wager as of January 1, 2023. Use the BetMGM Ohio bonus code to get started.

Read More Sports Betting Q&As

What is cash out MoMo?
What is cash out MoMo?

Felix Kamenga, chief officer for mobile financial services at MTN South Africa, explained that to draw cash, MoMo users log into the MoMo app (or...

Read More »
What does donks stand for?
What does donks stand for?

donk (plural donks) (Australia, slang) A car's engine. (Australia, slang) A fool. (poker, slang, derogatory) A poor player who makes mistakes....

Read More »

What is a Lucky 15?

What is a Lucky 15 bet? A Lucky 15 bet involves 15 bets across four different selections. Your bets are: 4 single bets, 6 doubles, 4 trebles, and 1 four-fold accumulator. Because single bets are included, one winning selection is enough to trigger a payout.

It’s important to understand how a Lucky 15 works because the potential payout can be huge. With four selections at say 4/1 and a Lucky 15 stake of £1 (total £15) your return would bring in £1,409.50 – including a win bonus of 10%. That represents a very high profit for a modest stake. Assessing your returns according to the odds available is best done using the William Hill online Lucky 15 bet calculator. This handy tool pre-checks your returns for different odds and stakes, which means you can adjust your betting strategy to what you can afford and the returns you wish to target. Best Lucky 15 tips? Watch for bookies offering win percentage bonuses, which are quite common. Bookmakers may also enhance the appeal of a Lucky 15 bet by offering a Consolation: You may, for example, be offered double odds when just one of your four selections succeeds. So the right Lucky 15 bet could be a profitable choice.

What are 6 to 4 odds?
What are 6 to 4 odds?

Fractional Odds This is best explained using an example. Let's say your bet is priced at 6/4 – in simple terms that means you need to stake £4 to...

Read More »
Which bank is best for broker?
Which bank is best for broker?

ICICI Direct is the top most stock broker among all the brokers. ICICI Bank is followed by discount brokers like HDFC Securities, Sharekhan and...

Read More »
How much can I send with PayPal?
How much can I send with PayPal?

For a normal PayPal member, the maximum transfer limit is $10,000 per transaction, no matter what your PayPal balance is. If you need a money...

Read More »
Can you cash out of DraftKings out of state?
Can you cash out of DraftKings out of state?

Your money won't be tied up until you return home. You can cash it out while you're at home. The only thing you can't do at a sportsbook like...

Read More »