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Bills open -4.5 vs Jags. (Now -5.5)


Bookie Man

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3 minutes ago, Capco said:

I still have no idea how betting works, what these numbers mean, who gets to come up with them, or how they do it.

So thus far, bangarang's comment is (ironically) the only one that makes sense to me lol.  

haha no problem.

 

Vegas oddsmakers create the numbers. 

-4.5 means Bills are 4.5 point favorites. They have to win by 5. 

47.5 is the Over/Under. Total points scored by both teams. 

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3 minutes ago, Alpo Chino said:

-4.5 means Bills are 4.5 point favorites. They have to win by 5. 

47.5 is the Over/Under. Total points scored by both teams. 


So if I bet on the Jags to "win", and they lose by 4 points IRL, then I've won my bet because you subtract -4.5 points from the Bills score to determine the "betting score" (I'm making up terms so sorry if I'm massacring the lingo lol).  But let's say I bet $100 on this outcome... how much do I win?  How is that part calculated?

With the over/under thing, does that only affect the bets on the total points scored by both teams?  Or does it affect other types of bets too?

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3 minutes ago, Capco said:


So if I bet on the Jags to "win", and they lose by 4 points IRL, then I've won my bet because you subtract -4.5 points from the Bills score to determine the "betting score" (I'm making up terms so sorry if I'm massacring the lingo lol).  But let's say I bet $100 on this outcome... how much do I win?  How is that part calculated?

With the over/under thing, does that only affect the bets on the total points scored by both teams?  Or does it affect other types of bets too?

If you bet on the Jags straight up and they lost, you’d lose your bet. If you bet them to cover the point spread, you win. I believe the cover bet is a 1:1, bet $100 to win $200 total (which includes your original bet). If you bet $100 on the Jags to win straight up, it’d depend on what the payout was. If its +150 on a Jags win, you win $150 on that $100 bet. $250 total. Conversely, if the Bills are -180, you’d have to bet $180 to win $100, $280 total. Over/under is simply the total amount of points scored by both teams. I believe that payout is also 1:1, someone correct me if I’m wrong.

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2 minutes ago, Capco said:


So if I bet on the Jags to "win", and they lose by 4 points IRL, then I've won my bet because you subtract -4.5 points from the Bills score to determine the "betting score" (I'm making up terms so sorry if I'm massacring the lingo lol).  But let's say I bet $100 on this outcome... how much do I win?  How is that part calculated?

With the over/under thing, does that only affect the bets on the total points scored by both teams?  Or does it affect other types of bets too?

Correct. If you bet the jags with the points (4.5) and they lose by 4, then you win your bet. 

 

If you bet $100, you'd win about $82. The standard juice on a bet is -110. Easiest way to think about this is you would need to bet $110 to win $100 or $55 to win $50 etc. 

 

Over/Under is just total points scored in the game. If the final score was Bills 27 - Jags 23 , you would win if you bet the OVER (total points 50 being greater than 47.5) Same if the score was Bills 50 - Jags 0. 

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2 minutes ago, JayBaller10 said:

If you bet on the Jags straight up and they lost, you’d lose your bet. If you bet them to cover the point spread, you win. I believe the cover bet is a 1:1, bet $100 to win $200 total (which includes your original bet). If you bet $100 on the Jags to win straight up, it’d depend on what the payout was. If its +150 on a Jags win, you win $150 on that $100 bet. $250 total. Conversely, if the Bills are -180, you’d have to bet $180 to win $100, $280 total. Over/under is simply the total amount of points scored by both teams. I believe that payout is also 1:1, someone correct me if I’m wrong.


Thanks!

Do you know how the "+150" and "-180" numbers in your example would be determined?

Additionally, from the thread title's use of the word "early", I assume these numbers change over time.  How and why do they change leading up to the game?

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2 minutes ago, Alpo Chino said:

If you bet $100, you'd win about $82. The standard juice on a bet is -110. Easiest way to think about this is you would need to bet $110 to win $100 or $55 to win $50 etc. 


Gotcha!  The +/- thing makes sense now with both the $82 calculation and the "easiest way" numbers.  Thank you.

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2 minutes ago, Capco said:


Thanks!

Do you know how the "+150" and "-180" numbers in your example would be determined?

Additionally, from the thread title's use of the word "early", I assume these numbers change over time.  How and why do they change leading up to the game?

Not sure how Vegas determines those +/-payouts. Nick Wright (or wrong) posted a parlay bet a couple weeks ago that was something like +4500. The bet was that both the Commanders (vs DEN) and the Giants (vs AZ) would come back to win after trailing big. Both had to happen for the bet to hit and wouldn’t you know it, they did. Why was Nick Wright bragging? Because he put $500 on the parlay. That weird nose dude hit over $20,000 on that bet! 

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1 hour ago, Capco said:


Thanks!

Do you know how the "+150" and "-180" numbers in your example would be determined?

Additionally, from the thread title's use of the word "early", I assume these numbers change over time.  How and why do they change leading up to the game?

Think the numbers are some formula of money bet on each team. The casino has to get their cut as middle man  so the numbers distribute the remaining funds from all bets  if even bets on both sides you'd get closer to a 1 to 1 payout.  If 4 Dolphins fans bet 10 each to 1 Bills fan u can't pay off 4 winning  bets from the 1 so they divide the 10 into to 4  parts to cover each of the Miami bets with a 2.50 win on their 10 bet.   At least it works something like that cause the casino doesn't want to give away money they take their cut rest is in pool for winning g bets  divided by the # of winners.

 

Basically the numbers change to try get both sides equal in bets made.

Edited by AuntieEm
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