Morning Coffee and Sports Betting with Bob | June 2nd, 2022

Sports books offer many different types of wagers. One type is the over/under bet. This type of wager involves two components: the total score and the payoff odds. In most cases, there is a one-to-one risk-reward ratio. In the NFL, a team’s total points scored can be over or under by 2.5 points. Props and futures are other examples of betting on game results and totals.

While the oldest form of sports gambling is known as winner-take-all, odds betting has become the most popular type of wager. The concept of odds betting involves analyzing contestants and determining the probability that a certain team will win. For example, a $1 wager on a 2-to-1 underdog will yield a payoff of $2, while a five-dollar wager on a 2-to-5 favorite will only return a payoff of $2.

The NFL projections may not match up with the teams’ offenses, so betting on the “under” is a good bet. Last year, the Browns and Ravens combined for a 50.5-point total. These are two of the league’s slowest teams. If you bet on an Under be sure to watch the game closely, as a team with an advantage in passing might try to slow down the pace of the game. This could mean a lower point total and an early end.

While legalized sports betting is gaining momentum across the U.S., there’s still a long way to go before it can reach every state. You can keep an eye on progress in your state by joining the Action Network, a website that tracks all of the state’s legislative efforts and provides updates. Check these pages frequently to get the latest news on sports betting in your state. If your state isn’t yet legalized, you’ll have to settle for sports betting in Nevada.

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