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Point spread betting is the most popular form of sports betting. The vast majority of sports wagers use a point spread thanks to the popularity of football and basketball. Even though this type of betting is so popular, it may take awhile to understand.
The point spread is sometimes known as an equalizer for sportsbook operators. All teams aren't created equally, so sportsbooks can create a point spread for a game so that each team playing has an almost even chance of winning the game. In a way, the point spread will even the field for both teams.
The point spread gives a reason for bettors to risk money on both teams. The better team playing in the game is considered favorite. They have to win by the point spread offered by the sportsbook. The favorite in a game is listed as being minus (-) the point spread.
The worse of the teams playing in the game is called the underdog. The bettor wins if this team wins the game outright or loses by an amount smaller than the point spread. The underdog in a game is listed as being plus (+) the point spread.
Let's use the upcoming Super Bowl between the Kansas City Chiefs and Tampa Bay Buccaneers as an example.
Using this example, the Chiefs opened as 3-point favorites over the Buccaneers (currently Chiefs ). The Chiefs need to win by 4 or more points to cover the spread.
Likewise, the Buccaneers opened as 3-point underdogs. That means the Buccaneers would need to win the game outright or not lose the contest by 4 points or more. If the line is Chiefs -3 and they win by exactly 3 points, the betting result is a 'push' and bettors for both sides would get their wagers refunded.
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ALSO READ: 5 Fun Super Bowl prop bets to consider
Point spread betting odds
Point spreads are usually set with -110 odds, but pricing often fluctuates at online sportsbooks. This is the sportsbook operators' house edge. The odds guarantee the sportsbook operator will see a little money over time. When the odds are set at -110, the bettor must wager $110 to win $100 (or $11 to win $10).
The odds on a point spread are most commonly known as the vigorish or 'vig' for the sportsbook. You might hear this small profit margin for the sportsbook called the 'juice' by some sports bettors.
Point spread FAQs
What does ‘pick em' or ‘pick' mean in NFL betting?
A 'pick em' (sometimes seen as 'pick') is when the teams have a point spread of zero, meaning neither team is favored. In this instance, you're essentially picking moneyline and your bet will be determined on the winner alone.
What does -7 and +7 mean in NFL betting?
A spread of minus-seven (-7) means that a is favored to win the game by a touchdown (technically, a touchdown and the extra point). A team favored by -7 must win the game by eight or more points to win the bet. If the team wins by seven, the result is a 'push' and the bet is refunded.
A spread of +7 means the team must win the game or lose by fewer than seven points to win the bet. A loss by seven would result in a push.
What does -3 and +3 mean in NFL betting?
A -3 spread means that the favorite must win by more than a field goal to win the wager. A three-point win would result in a push and the sportsbook would refund the wager.
A spread of +3 means the team listed as the underdog must win the game or lose by fewer than three points to cash the bet. A three-point loss would be graded as a push by the sportsbook and the bet would be refunded.
Why are point spreads in the NFL so much lower than in college?
In 2019, the Baltimore Ravens led the NFL in point differential per game at +13.7 points; the Miami Dolphins ranked last in the NFL in point differential per game at -11.7. Even Kansas City– known for their explosive offense– had an average point differential in 2019 of just 9.7 points. The net point differential in the NFL is -14.1, or -0.9 points per game. Basically, the talent differential in the NFL is so minute that even mismatched teams often draw games within a score of each other.
NFL spreads are most commonly between one point and four, with six being a heavy favorite and extremes coming out around 15-20 point favors. (For those wondering, the 1941 Chicago Bears hold the NFL record of point differential at +15.7 points per game. Conversely, Ohio State had a +33.1 average point differential in 2019.)
Point spread and odds movement
Sportsbook operators often aim to have equal money on both sides of a point spread. When the money is exactly split the sportsbook operator will see the exact vigorish as their profit margin. If all things are equal over time this will maximize how much money the sportsbook operator can make.
In an effort to have equal money on both sides of a wager, the sportsbook operator will move the point spread to attract money on the side that customers aren't betting on. The odds for a point spread might change before the actual point spread. There are certain point spread numbers, like 3 and 7 in football, the sportsbook operators would like to avoid moving away from since the final score margin falls on these two numbers most often.
For example, if a lot more money is wagered on the New England Patriots -3, the vig may shift from -112 to -115 and -120 before the line moves to -3.5.
Run and puck lines
Football and basketball games are mostly bet using a point spread. The less popular major sports, baseball and hockey, are mostly bet using a moneyline. In an effort to make baseball and hockey more appealing to point spread bettors, the sportsbook operators offer run and puck lines, respectively.
These alternative lines give point spread bettors a chance to wager on other sports using a more familiar method of betting. Since points (runs and goals) aren't as easy to come by in baseball and hockey, the odds with the lines may have a wider spread than a football or basketball game.
The relaunched XFL is set to kick off on Saturday, Feb. 8, and betting odds are now posted at DraftKings Sportsbook for the eventual champion. Week 1 lines are expected to follow in the coming days.
The Dallas Renegades, coached by Bob Stoops (who spoke with us in January), opened as the betting favorites at +300 to finish atop the eight-team league. The Seattle Dragons are the biggest longshots at +1100.
Vince McMahon's reincarnation of the XFL was created with betting and fantasy games in mind. During a short hype video released along with the league's announcement in January of 2018, a voiceover states: 'This is gaming and fantasy. This is padded roulette. Make a trade, make a team, make a move, make a bet.'
XFL fantasy games are expected to hit the DraftKings lobby sometime before the season starts, according to a DraftKings representative.
XFL futures odds 2020
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A more accessible XFL?
There's reason to believe the 2020 XFL season will go better than its inaugural year in 2001, which folded after one season.
First, the XFL is no longer attempting to compete directly with the NFL. The 2001 iteration began in the fall, overlapping the end of the NFL season. By kicking off Feb. 8 — six days after Super Bowl LIV — the new XFL will have the entire football world to itself.
The league will also be easier to catch on TV, as it announced a major deal in May with ABC, ESPN, FOX and FOX Sports 1. The weekly Saturday slate will be especially accessible, with games at 2 p.m. and 5 p.m. EST on ABC and FOX. Sunday games will kick off at 3 p.m. and 6 p.m. EST and rotate among ABC, ESPN, ESPN2, FOX and FS1.
Rule changes to consider before betting
One of the main challenges for bettors will be anticipating teams' strategies for point-after touchdown plays. The XFL will not allow extra-point kicks. Instead, the scoring team will choose from three options: a two-yard play worth one point (similar to the NFL's two-point conversion); two points for a successful play from the 5-yard line; and three points for a score from the 10-yard line.
The XFL will tend to move faster than the NFL, both in terms of time clock and, in some ways, action. Kickoff rules have been reimagined to encourage returns — teams will kick off from their own 25-yard line; the NFL recently pushed kickoffs out to the 35 in part to reduce both returns and injuries.
The XFL's kickoffs have taken some safety precautions as well. The kicker will be the only player on his own side of the field — the kicking coverage team will line up at the receiving team's 35-yard line. But the coverage unit will not be allowed to move until either the ball is caught or three seconds after it hits the ground.
The return team will be lined up five yards from the coverage team, at its own 30-yard line, prepared to block against players who haven't sprinted full-speed down the field ahead of the catch.
There are also harsher penalties for kicking the ball out of bounds and two different touchbacks. The ball comes out to the 35 if a kickoff hits the end zone on a fly, but only to the 15-yard line if it bounces in. Similarly, punts that bounce out of bounds deep inside the receiving team's territory will be brought out to the 35-yard line. Texas holdem big blind small blind.
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The expectation is that offenses will go for more fourth downs because flipping field position isn't a viable strategy. On the other side, receiving teams will be that much closer to scoring after botched punts.
In general, the XFL intends to keep the action moving and to reduce the time of games to around two hours and 40 minutes.
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Familiar faces and cities
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The 2020 XFL Franchises are located in Dallas, Houston, Los Angeles, New York, St. Louis, Seattle, Tampa and Washington, D.C. Former Oklahoma Sooners and Pittsburgh Steelers quarterback Landry Jones was the first player signed by the XFL.
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Other former NFL players on current XFL rosters include Cardale Jones, Josh Johnson, Christine Michael, Cameron Artis-Payne and Sammie Coates.