I’ve recently taken an interest in sports betting, specifically on football and basketball games. I keep hearing talk about betting lines but I’m not fully sure how they work and how they influence my bets. Can someone explain what they are and why they’re important in the gambling world?
Secondly, I’ve come across terms like ‘spread’, ‘money line’, ‘over/under’ associated with these betting lines. From my understanding, they seem to significantly affect how and where you place your bets. What are these terms and how do they apply to the betting lines? Are there strategies for determining which ones to bet on?
Finally, I’ve seen some mention of how these lines can shift depending on the amount of money wagered on one side. How does this process work, and what factors can cause these changes in the lines? Do these changes affect the outcome of the original betting line? Any insight would be much appreciated.