I think it means, half your money is on +3 and the other half is on +3.5 That's what it means when you bet on soccer anyways. New Orleans +3.5 (-120) What Do the Numbers in Point Spreads Mean? In sports betting lingo, ‘the chalk’ is the favorite team. This team will always have a (-) value alongside it. In our example, Tampa Bay Buccaneers are the favorites to win by 3.5 points in this game. The underdog in this game is New Orleans. The Saints have a +3.5 value.
- What Does -3.5 Mean In Betting
- What Does Minus 3.5 Mean In Betting
- What Does -3.5 Mean In Betting Football
- What Does Under 3.5 Mean In Soccer Betting
It doesn't matter if you are a novice bettor just learning the ropes or a professional bettor that's seen everything in their 25 years in the business, at one time or another (more like several times in your life time) you will have to throw away a ticket in which a team failed to cover the point spread by a half point. It is one of the more frustrating losses in the industry, right next to the classic ninth-inning bullpen collapse in baseball. Some would say losing a bet by half a point (AKA ' the hook ') is the bettors' fault, not the actual players or coaches in the game, but I will get to that later in the article. What we want to help you understand is why half points are instituted in the betting industry and how they affect whether or not you win or lose your bet and the price you pay for such a line.
Related: Should I Buy Half Points when Sports Betting?
What Does -3.5 Mean In Betting
How Does a Half Point Work?
For starters, when looking at the point spread line for any lined game, 'the hook' is that extra half-point in the line. There is a very big difference between a three-point spread and a spread that is 3.5. That extra half point ensures that there will in fact be a winner and loser in regard to the point spread. This means that the sportsbook will in fact rake in the losing bets and pay out the winning bets with that money, which in turn allows them to turn a profit. If you hear someone say that they 'lost by the hook' or 'lost by a half point' they are referring to a situation where a team didn't cover by the slimmest of margins.
As an example, lets pretend you decide to bet on the New England Patriots, and they are three-point favorites in their game against Minnesota. If the Patriots win by a score of 20-17, the wager would be graded as a push and both sides of the bet would get their money back. That's not something the sportsbooks want.
Most sportsbook would list the spread at -3.5 meaning if you took the Patriots and they won 20-17, you would lose your bet by half a point. Get free coins for caesars casino. If you took the Vikings, you would win your bet by that same half point.
Can You Avoid the Half Point?
It's pretty hard to bet on the point spread and avoid the dreaded half point hook. Linemakers love adding 'the hook' to spreads that fall on the most common outcomes in games. For example, the most common winning margins in football is three, four and seven points. And adding a hook to each of those numbers would ensure both a winning and losing side, with the ultimate goal being balanced action.
When the hook is added, there isn't a significant reaction from the betting public either way. The majority will look at the spread and enjoy the fact that their ticket will either be a winner or a loser. The betting public also fails to shop around at different sportsbooks for the best line they can possibly find. Avoiding the hooks in a game is possible, but only if you are willing to spend a bit more on your bet and buy a half point when the situation calls for it. Buying points is a completely different concept all together, but it's possible to buy a half point and move the spread in your favor.
For example, you can buy a half point (for a premium) from -3 to -2.5 if you like the favorite, or from +3 to +3.5 if you like the underdog. This gives you a better chance to win your bet, but the extra juice you have to pay will burn you if you should lose.
Is Buying a Half Point Worth it?
Depending on who you ask, some bettors will tell you to always buy the hook (either up or down) to avoid tossing your ticket away, while some bettors swear that buying the hook is a waste of your bankroll. We live in a world where sportsbooks offer a plethora of options, and most of them give us the option to buy a half point on the favorite or underdog.
Remember our example from above? If you were to buy a half point on the underdog Vikings and make the spread +3.5 instead of +3, a 20-17 loss would now give you a winning ticket. You wouldn't have wasted three hours of your life to get your money back.
However, if you are prepared to buy the hook, you must be prepared to pay a premium price for the better line. Because of this, the cost of buying the hook can be higher than the long-term cost of betting with the hook on a normal line. You must pick your spots wisely and shop around before committing to this way of betting. I can almost assure you, if you want that 3.5 spread to go down to a three so you that you can bet the favorite, and you look hard enough, you will find it at another book for -110, instead of paying -125 to buy the hook and get it at -3 at your current book.
Understanding Half-Point Betting Math
Depending on who you ask, some bettors will tell you to always buy the hook (either up or down) to avoid tossing your ticket away, while some bettors swear that buying the hook is a waste of your bankroll.
Remember our example from above? If you were to buy a half point on the underdog Vikings and make the spread +3.5 instead of +3, a 20-17 loss would now give you a winning ticket. You wouldn’t have wasted three hours of your life to get your money back.
However, if you are prepared to buy the hook, you must be prepared to pay a premium price for the better line. Because of this, the cost of buying the hook can be higher than the long-term cost of betting with the hook on a normal line. You must pick your spots wisely and shop around before committing to this way of betting.
What Does Minus 3.5 Mean In Betting
To help us understand the half-point betting math, we must first determine what the odds, implied probability, and the breakeven threshold is. As I’m sure you know, to breakeven betting on -110 lines (standard point spread lines is 52.38 percent. As the juice increases, so does the breakeven point – a -120 line increases the percentage to wins need to 54.55 percent. This means that turning a profit in a profession that is already hard enough, just got 2.17 percent harder.
The next thing we must understand is the true value of a half-point purchase and that requires two simple things – an NFL push chart that can be found online or created, and basic math skills.
The push chart we are going to use as a basis for this article will tell us the probability of any NFL game played in any season finishing with a difference of one of these numbers.
-1 (2.5%), -2 (2%), -3 (9.8%), -4 (3%), -5 (1.7%), -6 (3.4%), -7 (5.7%)
-8 (2.1%), -9 (0.9%), -10 (4.9%), -11 (2.2%), -12 (0.4%), -13 (1.3%), -14 (4.9%)
As you can see, the favorite wins by three points just 9.8 percent of the time. Now, if you consider the fact that we lose our +2.5 bet and we then push on a -3 outcome, we are going to take half the 9.8 percent probability and add it to the 52.38% implied probability of -110.
In this case, we go from +2.5 to +3 and half of 9.8 percent is 4.9%. We would then add it to the +2.5 -110 implied probability (52.38 percent) to get a new line of +3 with an implied probability of 57.28 percent. Based on a standard odds converter, a 57.28 implied probability would equate to a -134 American line. This tells us that moving from +2.5 (-110) to +3 is worth 24 cents and it has the same expected value. Now, with that said, let me prove to you that buying half points can, in fact, turn into a +EV play.
Let’s pretend we are looking at the line of +9.5 (-110). As we already know, -110 implies a 52.38 percent probability. And as per the push chart above, we know that -10/+10 pushes around 4.9 percent of the time. If we decided to buy two half-points, we would bring the line to +10.5 which would push our implied probability to 57.28 percent (52.38% + 4.9%). If we plug our new probability into an odds converter, we will see that the true line should be -134. However, most betting sites that sell half-points would charge -130 for such a line movement, which means this would be a +EV play. A few other +EV plays would be buying from +9.5 -110 to +10.5 -130 (and the same if you like the favorite) and +13.5 -110 to +14.5 -130.
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In the world of sports betting, a money line bet is simply betting on which team you expect to win. It doesn’t have anything to do with a spread. You may also see a money line bet listed as “Money Line” or “ML” in different spaces.
What Does -3.5 Mean In Betting Football
Money lines are represented in negative and positive values.
Negative money line: -145, -220, or anything similar
When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game.
That number also indicates how much money you need to bet/spend in order to win $100.
For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win.
Heavy favorites are known in sports betting as a “chalk” pick. A heavy favorite usually has a number pushing +300 or more. Here, you’re wagering a lot on the favorite to win a little. Don’t assume that a heavy favorite, or chalk pick, is a guaranteed winner…
Positive money line: +145, +220, or anything similar
What Does Under 3.5 Mean In Soccer Betting
When you see a plus (+) sign in front of a price, it shows you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers.
The number also indicates how much money would win in comparison to every $100 you wager.
For example, a +150 money line means you would win $150 for each $100 wager you place should that team win the game.
Money line examples:
Lets use an NFL example here:
New England Patriots -240
Miami Dolphins +220
To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. Your return would be $340 – the original $240 stake (bet) and the $100 bet profit.
To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake (bet) and the $220 profit.
In both situations, it doesn’t matter if the team you bet on wins by one point or 100 points. You’re purely betting on the team you believe will win the game. As Al Davis said, “Just win, baby.” That’s exactly what you’d be looking for out of your selection. It doesn’t have to be pretty, it just has to happen or your original stake is lost.