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SportsBetting offers a wide range of ways to gamble. Not just sports betting, but they offer a casino, live dealer casino, racetrack betting, poker, and binary options (short-term bets on the behavior of various exchange rates). However, the range of sports to bet on is not very wide. Pretty much just the major sports and the biggest leagues. However, the odds offered are better than average overall. They also have some unusual bets, like detailed player props and things like 21-point teasers in the NFL. Overall, not your standard sports book.
Banking options at Sportsbetting
In addition to the NBA and college basketball, bets are available from leagues around the world. Lines are 20-cents on everything in every league. Money lines stay at 20 basis points pretty deep. I'm not sure where they go up, but at the time of this review I saw pairings of +161/-181 and +178/-208, so somewhere in that range.
Very competitive lines are offered on the NHL. The money line, point spread, and over/under are all on 10-cent lines. Proposition bets are on 20-cent lines. The over/under on single team goals are on 30-cent lines. Three-way bets had a house edge of about 8.5%.
Other hockey leagues had 20-cent lines on the money line, point spread, and over/under. Three-way bets carried a house edge of about 3.9%. Strange the international leagues would offer better three-way odds than the NBA.
The main way to bet soccer is on either team to win or a tie. Against this format I found the house edge to vary from league to league. Here is the average house edge found by some leagues I checked.
- La Liga (Spain): 7.73%
- Serie A (Italy): 6.64%
- Bundesliga (Germany): 7.18%
- UEFA EL (whatever that is): 9.30%
- Australia: 7.47%
Point spread, money line, and over/under bets on the total points were all on 20-cent lines.
This is something I've never seen before outside of the Super Bowl so all due credit for doing something new. This feature is a way for players to bet on a particular player in some upcoming event. For example, the number of points scored by a particular basketball player.
Simple over/under bets, for example, will Draymond Green score over or under 7.5 points in the game between Golden State and San Antonio had 26-cent lines. It went up quickly from there if the sides were not even, for example, one pairing was +110/-142.
Bets with more than two possible outcomes, like the number of steals by Rudy Gobert in the upcoming game between Phoenix and Utah carried an average house edge of 48.3% (ouch!). However, in all fairness, it is normal for a sports book to protect itself on oddball prop bets like this in the form of a high house edge to overcome.
Point Spread Bets
Betting against the point spread is probably the most popular way to bet on sports. I've been asking for years what the term is for this type of bet and have yet to get a definitive answer. Until then, I'm going to call them a "point spread bet," and invite the rest of the world to adopt this term.
Sports Betting is pretty standard when it comes to point spread bets. Any common bet on a popular sport and league will probably have 20-cent lines. A welcome exception is point spread, money line, and over/under bets in the NHL at 10-cent lines. Bets on props or obscure sports will probably bet at 30-cent lines. At the time of this review, it wasn't baseball season, so I don't know what they do there. As a reminder, the minimum house edge on point spread bets is as follows:
- 10 cents: 2.38%
- 15 cents: 3.49%
- 20 cents: 4.55%
- 25 cents: 5.56%
- 30 cents: 6.52%
- 40 cents: 8.33%
Following is the house edge on some randomly chosen futures bets I analyzed. Overall, I would say these odds are better than average for the industry.
- Basketball: NBA Championship: 23.3%
- Baseball: MLB World Series: 23.2%
- Entertainment: Next actor to play James Bond: 32.7% (My choice would be James Franco, but he didn't even make the list.)
- Entertainment: Movie to win Best Picture Academy Award: 26.0%
- Boxing: Winner and round of George Groves vs Chris Eubank Jr: 33.5%.
- Football: Winner NCAAF championship: 25.1%
- Football: Winner Super Bowl: 22.3%
- Rugby: Aviva Premiership: 16.9%
Natural odds are followed as opposed to a table. What I mean by "natural odds" is the win will be calculated as if the player bet each event in the parlay one at a time, parlaying all winnings. An exception is the three-team "even" parlay, which they round up to six, as opposed to the natural 5.96 to 1. Normally the player gets shortchanged on parlay tables, except for the pick three, so I applaud this natural odds method.
All the Sportsbetting teaser odds can be found on this page. With just a quick look, they pay -110 on a two-team six-point NFL teaser, which you almost never see any longer. Interestingly, they also have a 21-point NFL teaser. All due credit for doing something new with that one. At least I've never seen that before.
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