When it comes to betting on sports there are some basics you must learn about football lines. Betting on football is easier then most beginners realize, it’s not understanding the little nuances that keep many people from ever playing.
When you look in the newspaper and see something like this, COLTS 3.5 Chargers, we have all the information we need to make a bet. First of all, the home team is always in capitals, and the favorite always comes first. Therefore in this scenario, the Colts are playing at home and are 3.5 point favorites. When you have gathered this information from the football lines, betting comes down to whether or not you think the Colts can win the game by 4 points or more.
To win $10 on a single point spread bet, you must wager $11. In this example if you wagered $11 on the Colts, and they won by 4 points or more you would get back your initial $11 plus another $10. Of course you would also have to bet $55 to win $50, and $110 to win $100.
In essence when it comes to football lines & betting, the underdog Chargers start off with a 4 point lead in our scenario. The Colts must score 4 points to cover the spread but the Chargers do not have to score at all. The bookies goal in setting this number is to receive an equal amount of money bet on each team. If you bet $11 on the Colts and I bet $11 on the Chargers, you would win $21 with the bookie keeping the extra $1. With most forms of betting, the only winner in the long haul will be the bookie, unless you can start to think like one and develop a system.