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- Super Bowl betting: Early action siding with Chiefs over Bucs, including 3 massive bets. One was a $180,000 moneyline bet on the Chiefs at -180 that would pay out $100,000. The other two were.
- Action 247 is the name of the first operator to announce its intention to launch mobile sports betting in Tennessee. The Tennessee Education Lottery has not issued a license to Action 247 or anyone else at this point, but Action247.com is already claiming its stake in the new market.
In the world of sports betting the word action has a couple of different meanings - related, but different.
The first use of action is to describe a wager of any kind. If you have action on a game then you have bet on it in some way. It could be that you have bet a side or a total, or you could have a prop bet or some other form of exotic bet that involves the game in some way. It just means that you a particular interest in how the game turns out. You could call someone an action junkie if they seem incapable of watching or enjoying a game without some action of some sort on it. You can also use action in this sense from the perspective of the sportsbooks. You can say that action on the game has been heavy, or that action is heavily tilted towards one team.
The other usage of action that is common involves baseball betting. Starting pitchers are obviously crucially important when handicapping baseball. When betting sides in baseball you have two options. Listed pitchers means that your bet is only valid if the two pitchers that are scheduled to start the game actually do so. If one is injured or otherwise unable to start then the bet is void and your money is returned in full. The other way to bet is an action bet. In this case you are making a bet on the teams and not the pitchers, so if one or both pitchers is a late scratch you will still have a bet on the game, and the odds are still the same as they were when you placed the bet.
For instance, consider a game between the Detroit Tigers and the Los Angeles Angels with the pitching matchup of Justin Verlander vs. Jered Weaver. You have bet on the Tigers. Let’s say that Verlander is a late scratch - he has to take Kate Upton to a fashion show. If you had bet listed pitchers then your bet is void, even if you are fine with the pitcher named to replace Verlander and would be willing to bet on him at the same price. If you have made an action bet, though, then you would still be backing Detroit regardless of who is pitching.
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Understanding the different types of betting options is crucial when you’re getting a start as a first-time sports bettor.
The Point Spread: Betting the spread
For those new to sports betting, the point spread is the simplest, most straightforward approach to placing wagers.
Sports books set a predetermined margin of points on a game and a team must win – or not lose – by that set number. That’s why you’ll often hear people say the team won, but they “didn’t cover the spread” so their bet still came up short.
It’s not a matter of a team winning or losing like in a moneyline bet.
For a favorite: The favorite must win by more than the point spread.Mlb Betting Action
For an underdog: The underdog must outright win OR lose by fewer than the point spread.Sports books aren’t in the business of predicting who will win or lose games. Their goal is setting a pre-game point spread with the intention to generate an equal amount of betting action/volume on both sides of the ledger – as much total money being bet on the favorite as on the underdog.
The vast majority of point spread wagers are made on football and basketball because of the proliferation of points that are scored in comparison to sports like baseball and hockey, where 1-0 or 2-1 games aren’t that out of the question or out of the norm. There’s one every night.
For example, the New England Patriots are playing the New York Jets and New England is a 9½-point favorite. Bettors typically have to spend $110 or so to win $100 with sports books, known as “the house edge/advantage.” With a point spread bet, simply having a team win the game isn’t the key. The critical factor to betting a point spread is how much a team wins or loses by. If a wager is placed on New England – “laying” the 9½ points – the Patriots need to win the game by 10 or more points for that bet to pay off. If New England wins 28-20, those betting on the Jets plus 9½ points (points added to their final total) win the bet.
The same general rules apply for basketball and are quite easy to follow because of the inherent simplicity of the bet. When it comes to betting sports like baseball and hockey, the standard bets are made on the “money line” – an established number for both teams to win the game outright.
What makes point spread bets attractive are the fluid nature of each game – it’s a reality show that, when done right, is inexplicable. Games change on one play and momentum is a thing. But, when it comes to point spread betting, you know where you stand at every moment.
Betting Action Reverse
For those just starting out, the simplest form of gambling is betting the spread because it’s the easiest to explain and understand, which explains why it is the most popular form of sports wagering.