NY betting odds

Basics of NY sports betting odds

Now that we have the very basics of sports betting odds in New York platforms might offer, let’s run through some more specific types of wagers that you might be thinking about placing.

Moneyline betting odds in NY

The moneyline bet is the easiest of all the sportsbook bets to get into. All you have to do with this kind of wager is pick which team you think is going to come out on top of a specific contest. That’s it, that’s all there is to the moneyline.

In our example above the moneyline would look exactly the same. The book would feel that the New York Giants are more likely to come out on top of the Jets than vice versa, and all you’d have to do is pick the New York Giants at -200 and have them win to take home the jackpot.

The Spread

The point spread is a little more advanced than the moneyline, but that means there’s more potential for even bigger profits if you choose correctly. Not only are you picking the team that you think will win the game, but you’re also letting the final score to factor into the equation as well.

The point spread is incredibly popular with football and basketball specifically, and it’s used by New York sportsbooks to sort of even the playing field and the odds a little bit.

Using our example above, the spread might look something like this:

• New York Giants -14.5 (-110)
• New York Jets +14.5 (+110)

This again tells you a couple of different things: For starters, this sportsbook still has the Giants as the favorite over the underdog Jets.

With a point spread bet, though, Giants not only have to win the game to cover but also have to win the game by at least 14.5 points (15 points in reality). If they win by say 11 points the bet would be considered a loser, even though they came out on top in the real game.

The Jets, the other hand, only have to win the game outright (by one point or a million) or have to lose by less than 14.5 points. If the Jets lose by 15 points or more, they aren’t going to cover. But if they lose by only three points they cover the spread and earned a payout.

Over/Unders betting odds in NY

Sometimes called “totals”, these are some of the most popular sports betting odds New York platforms offer as well

Over/unders basically establish a total number for the amount of points scored by both teams combined at the end of the game. Then players are able to bet whether or not the actual score will be higher or lower than the number provided by a book – choosing the over or the under.

Using our New York Giants and New York Jets example, you might have over under lines that look like this:

• New York Giants and New York Jets 59.5 (-110).

These NFL odds let you know that the sportsbook thinks the chances are good that these two football teams will combine for nearly 60 points.

If you think that the Giants and Jets have offenses good enough (or defenses bad enough) to give up 60 points total, you’d want to bet the over. If you think they can’t get to 30 points apiece (at least) you’re going to want to bet the under.

Because of the -110 odds you also know that you have to wager $110 to win $100 in profit, too.

Props

Prop betting in the world of sports is always very popular, and it’s not hard to understand why. Alongside moneyline bets these kinds of wagers are the easiest of the bunch to make.

Usually having to do with very specific outcomes (like who wins a coin toss, who scores first, who turns over the ball fastest, etc.) different old and new sportsbooks in NY have different kinds of prop bets available to their player base.

It’s not at all uncommon for even more props to flood during big games and tournaments. The Kentucky Derby odds are filled with prop bets, just the same way that the Super Bowl odds and Masters odds are, too.

If you’re looking for parlay action (and we breakdown parlays a little more in depth in just a moment) it’s never a bad idea to combine moneyline, totals, or point spread action with a couple of props just to ratchet up the potential profit.

You might be surprised at just how much money you can make when you string these kinds of wagers together!

Futures betting odds in NY

Futures bets are either season-long wagers (like money put on a specific team to win a conference or championship) or multi year long wagers.

For example, you might like the way that the New York Jets are coming together and could see them winning a Super Bowl in the near future. You might even believe that the New York Mets have a chance to win the World Series in the next few years.

If that’s the case, you could put down futures bets with New York sportsbooks for the specific year you think those teams are going to breakthrough. The odds on futures bets fluctuate all the time (depending on how oddsmakers feel about the chances of specific teams breaking through) but they can pay off in a big way – especially if you predict something well-off in the future.

Parlays and teasers

Parlays and teasers are nothing more than multiple bets that have been combined with one another into a bit of a “super bet”.

For example, let’s say that you’re watching a full Sunday of football and want to put money down on the New York Giants moneyline, the New York Jets spread, and a couple of over/under bets for the Sunday night game and the Monday night game.

Instead of making those wagers individually you might tie them into a parlay. In this case you won’t be paid out if just one or even a few of these bets are winners – every single one of them has to be the right pick.

In exchange for taking on that extra risk, though, parlays ratchet up the profit potential big time. The more legs you add to a parlay the more risk you add, but you also increase the potential profits.

Teasers are basically parlays where you can “buy” points to lower your risk. You have to pony up a little bit of extra cash to cement these kinds of wagers, but you minimize a bit of your downside at the same time.