stuckincincy Posted October 25, 2005 Share Posted October 25, 2005 I'm not much of a hockey fan these days, but in reading the sports betting odds in the newspaper, I see this for NHL hockey: NYISLANDERS (favorite) 165 Atlanta (underdog) PITTSBURGH 130 Florida, etc. Anyone know what those #'s mean? Thanks! Link to comment Share on other sites More sharing options...
smokinandjokin Posted October 25, 2005 Share Posted October 25, 2005 I'm not much of a hockey fan these days, but in reading the sports betting odds in the newspaper, I see this for NHL hockey: NYISLANDERS (favorite) 165 Atlanta (underdog) PITTSBURGH 130 Florida, etc. Anyone know what those #'s mean? Thanks! 485982[/snapback] Always based on $100. In this case, with the Islanders being the favorite, you would have to bet (risk) $165 to win $100. Conversely, if you like Atlanta, since they are the underdog, betting $100 will get you $165 if they win. Pittsburgh, you must wager $130 to win $100, etc.... Obviously works in proportion for lower/higher dollar amounts. Link to comment Share on other sites More sharing options...
Ramius Posted October 25, 2005 Share Posted October 25, 2005 Always based on $100. In this case, with the Islanders being the favorite, you would have to bet (risk) $165 to win $100. Conversely, if you like Atlanta, since they are the underdog, betting $100 will get you $165. Pittsburgh, you must wager $130 to win $100, etc.... Obviously works in proportion for lower/higher dollar amounts. 485987[/snapback] correct me if i'm wrong, but say you were betting on pittsburg...that would mean you place a $130 bet and the payout would be $230? Link to comment Share on other sites More sharing options...
smokinandjokin Posted October 25, 2005 Share Posted October 25, 2005 correct me if i'm wrong, but say you were betting on pittsburg...that would mean you place a $130 bet and the payout would be $230? 485991[/snapback] No, payout of just $100 if you bet $130 on the favorite (Pittsburgh in this case.) Since they are favored, you have to risk more.... If you bet on the underdog (Florida), betting $100 would net you $130 if they win (or $50 would net you $65, and so on.) It's simply called a "money line," because it is the money that varies...i.e., no point spreads, etc. You are betting on a straight-up winner, but obviously there are odds, reflected in the money line, because there is a favorite and an underdog. Link to comment Share on other sites More sharing options...
erynthered Posted October 25, 2005 Share Posted October 25, 2005 No, payout of just $100 if you bet $130 on the favorite (Pittsburgh in this case.) Since they are favored, you have to risk more.... If you bet on the underdog (Florida), betting $100 would net you $130 if they win (or $50 would net you $65, and so on.) It's simply called a "money line," because it is the money that varies...i.e., no point spreads, etc. You are betting on a straight-up winner, but obviously there are odds because there is a favorite and an underdog. 485995[/snapback] I believe what Ram was asking is if the total payBACK was 230, which in the example, he's right. Link to comment Share on other sites More sharing options...
smokinandjokin Posted October 25, 2005 Share Posted October 25, 2005 I believe what Ram was asking is if the total payBACK was 230, which in the example, he's right. 486002[/snapback] yes that's correct. If you walk into a casino and give them $130 to bet on Pitts, and Pitts wins, they will give you your $130 back plus the $100 for winning. Link to comment Share on other sites More sharing options...
Ramius Posted October 25, 2005 Share Posted October 25, 2005 No, payout of just $100 if you bet $130 on the favorite (Pittsburgh in this case.) Since they are favored, you have to risk more.... If you bet on the underdog (Florida), betting $100 would net you $130 if they win (or $50 would net you $65, and so on.) It's simply called a "money line," because it is the money that varies...i.e., no point spreads, etc. You are betting on a straight-up winner, but obviously there are odds, reflected in the money line, because there is a favorite and an underdog. 485995[/snapback] I believe what Ram was asking is if the total payBACK was 230, which in the example, he's right. 486002[/snapback] thanks to the both of ya...yah what eryn said is what i was asking... Link to comment Share on other sites More sharing options...
stuckincincy Posted October 25, 2005 Author Share Posted October 25, 2005 Always based on $100. In this case, with the Islanders being the favorite, you would have to bet (risk) $165 to win $100. Conversely, if you like Atlanta, since they are the underdog, betting $100 will get you $165 if they win. Pittsburgh, you must wager $130 to win $100, etc.... Obviously works in proportion for lower/higher dollar amounts. 485987[/snapback] Thanks. I always wondered in the past how a point spread (such as 1/2, 1 etc) could make much sense in a low-scoring game like hockey. Link to comment Share on other sites More sharing options...
erynthered Posted October 25, 2005 Share Posted October 25, 2005 Thanks. I always wondered in the past how a point spread (such as 1/2, 1 etc) could make much sense in a low-scoring game like hockey. 486017[/snapback] Baseball betting is like that too. Link to comment Share on other sites More sharing options...
plenzmd1 Posted October 25, 2005 Share Posted October 25, 2005 Thanks. I always wondered in the past how a point spread (such as 1/2, 1 etc) could make much sense in a low-scoring game like hockey. 486017[/snapback] Not quite on the above explanations, but very close. Only differance being there is a piece of info missing from the paper. While you would have to bet the $165 to win the hundred on the favorite, if you bet $100 on the underdog and won, you would probably win $135.The house or bookie needs to make his vig somehwere, and hence the differance between the two prices. I have not bet hockey in many a moon, but there used to be a line on the games. Would see two lines in fact, might read something like Sabres minus 2, Penguins plus one and a half. Bokkies did this as there was not enough action on the sport to justify taking wagers without an additional edge, with that edge in this case being Pittsburgh losing by two goals. Then the book would have a loss(Pittsburgh would not cover) and a push, making for a nice payday for the book Link to comment Share on other sites More sharing options...
PTS Posted October 25, 2005 Share Posted October 25, 2005 So in hockey, it's straight up betting? Say I'm completely confident that Ottawa will win 60 games this year. If I decide to bet that everytime Ottawa plays, they will win, I should come out a winner 75% of the time? What happens with ties? Link to comment Share on other sites More sharing options...
ofiba Posted October 25, 2005 Share Posted October 25, 2005 So in hockey, it's straight up betting? Say I'm completely confident that Ottawa will win 60 games this year. If I decide to bet that everytime Ottawa plays, they will win, I should come out a winner 75% of the time? What happens with ties? 486059[/snapback] There are no ties. I don't know what happened in previous years though. Link to comment Share on other sites More sharing options...
plenzmd1 Posted October 25, 2005 Share Posted October 25, 2005 So in hockey, it's straight up betting? Say I'm completely confident that Ottawa will win 60 games this year. If I decide to bet that everytime Ottawa plays, they will win, I should come out a winner 75% of the time? What happens with ties? 486059[/snapback] Well technically correct, do not forget that if they are winning that many games, they will be the favorite in the majority of those games. So, you may have to bet 200 to win a hundred. When they lose, you will pay that 200, so in that instance need to win double the amount of times you win to even break even, and thats not including the vig. So not as easy as it might look. BTW, on a money line bet (no one giving or getting goals) a tie was a push. Now, with no ties, should see no pushes in hockey betting. Link to comment Share on other sites More sharing options...
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