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basics6 min readUpdated 12/1/2024

How to Read Betting Lines

Master the skill of reading point spreads, over/unders, and moneylines. Understand line movements and what they signal about market sentiment.

Types of Betting Lines

Moneyline

The simplest bet: pick the winner. The odds determine the payout.

Example:

  • Lakers -180 (bet $180 to win $100)
  • Celtics +160 (bet $100 to win $160)

The minus sign indicates the favorite; the plus sign indicates the underdog.

Point Spread

The spread levels the playing field by giving the underdog a head start.

Example:

  • Lakers -5.5 (-110)
  • Celtics +5.5 (-110)

Lakers must win by 6+ points to cover. Celtics cover if they win or lose by 5 or fewer.

Over/Under (Totals)

Bet on the combined score being over or under a set number.

Example:

  • Over 220.5 (-110)
  • Under 220.5 (-110)

If the combined score is 221+, over wins. If 220 or less, under wins.

Understanding Line Movements

Lines change based on:

  • Betting action: Heavy money on one side moves the line
  • Injuries/news: Player availability affects odds
  • Sharp money: Professional bettors can move lines significantly

What Line Movements Signal

The Juice (Vig)

The -110 on both sides of a spread means you must risk $110 to win $100. This $10 difference is the bookmaker's profit margin (the "juice" or "vig").

Key Insight: To break even at -110, you need to win 52.4% of your bets.

Shopping for Lines

Different bookmakers offer different lines. A half-point difference can significantly impact long-term results. Always compare lines before betting.

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