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The first spread Andrews comes to for an NFL game is simple math, using the power ratings: If Team A is 90, Team B is 91 and at home with a 2.5-point home-field advantage, the line is Team B -3.5.
A betting strategy (also known as betting system) is a structured approach to gambling, in the attempt to produce a profit. To be successful, the system must change the house edge into a player advantage — which is impossible for pure games of probability with fixed odds, akin to a perpetual motion machine. [ 1 ]
The decimal odds of a multiple bet is often calculated by multiplying the decimal odds of the individual bets, the idea being that if the events are independent then the implied probability should be the product of the implied probabilities of the individual bets. In the above case with fractional odds of 5 − 6, the decimal odds are 11 ⁄ 6 ...
A bet to win, sometimes called a "straight" bet, means staking money on the horse, and if it comes in first place, the bet is a winner. In a bet to place, you are betting on your horse to finish either first or second. A bet to show wins if the horse finishes first, second or third. Since it is much easier to select a horse to finish first ...
For example: If the bookmakers return percentage is 90%, 90% of the amount placed on the winning result will be given back to bettors and 10% goes to the bookmaker. Naturally the more money bet on a certain result, the smaller the odds on that outcome become. This is similar to parimutuel wagering in horse racing and dog racing. Half bets. A ...
The NFL has a re-seeding policy after each playoff round. That means that no matter how the bracket started, the lowest-seeded team will always travel to the higher-seeded team in the AFC and NFC ...
If there is a gap between the estimate odds and the bookmakers odds, the tipster is said to identify "value", and a person who bets on such odds when they perceive not a certainty but a "gap in the book" is said to be a "value bettor". When value is found, the tipster is recommending the bettor to place a bet.
Underdogs have won each week, covering 11 times in Week 1, and nine times each in Weeks 2 and 3. That makes sense in a parity-driven NFL. It will also presumably start to even out at some point.