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Course Overview
Sports Betting 101
Sports Betting 101
Sports Betting 101 Overview
Sports Betting Video Course
Lesson 1 - What is the Point Spread?
Lesson 2 - What is the Moneyline?
Lesson 3 - What is an Over/Under Bet?
Lesson 4 - What is a Bookmaker and how do they set the lines?
Lesson 5 - How to Place a Bet at a Sportsbook
Lesson 6 - What is the Vig/Juice in Sports Betting?
Lesson 7 - What is an Odds on Favorite?
Lesson 8 - What is a Bad Beat?
Lesson 10 - What is Sharp Money?
Lesson 12 - What is a Prop Bet?
Lesson 13 - What is a Parlay Bet?
Lesson 14 - What is a Round Robin Bet?
Lesson 15 - What is a Teaser Bet?
Lesson 16 - What is a Futures Bet?
Lesson 17 - What is Hedging a Bet?
Lesson 18 - Bet Sizing Using The Kelly Criterion System
Lesson 19 - What is The Martingale Betting System?
Lesson 20 - How to Follow Sharp Money
Test Your Skills
Sports Betting IQ Test
Sports Betting IQ Test
1. Home field advantage is a well-established important variable when setting the line. In football, what are the standard points given by a linesmaker to a team for home-field advantage?
*
1
2.5
3
4
2. What is commonly referred to as “the juice” or “the vig”?
*
A fee on each bet
A commission on each bet
The way sportsbooks generate revenue
All of the above
3. What is the percentage of a professional bettors bankroll most commonly bet on a single game?
*
25%
1%
50%
10%
4. Nearly 10% of all football games finish by exactly this margin, which is the most common margin of victory in football.
*
1
3
4
7
5. What is the payout on a $100 winning bet with +200 odds?
*
A profit of $50 and a total payout of $150.
A profit of $150 and a total payout of $200.
A profit of $200 and a total payout of $300.
None of the above
6. Assuming -110 lines, what is the win-rate needed to overcome the VIG and be a profitable sports bettor?
*
50.1%
52.4%
55%
None of the above
7. General betting public likes to bet on:
*
Underdogs
Road Teams
Unders
Favorites
8. Which of the following is not a “key number” for football betting:
*
+/-3
+/-6
+/-7
+/-12
9. If the opening line of a basketball game was Indiana Hoosiers as a 7-point favorite vs Duke Blue Devils, and the sportsbook started taking heavy betting on the Indiana Hoosiers, the oddsmakers would likely adjust the spread to be Hoosiers:
*
-6
+6
-7.5
+7.5
10. “Hedging out” is a betting strategy used most frequently with what type of wagers?
*
Overs/Unders
Futures/Parlays
Teasers
Prop Bets
11. What is the normal point spread impact for an injury to either an All-Pro Running Back or All-Pro Wide Receiver?
*
Zero
.5 to 1-point adjustment
3 to 4-point adjustment
7-point adjustment
12. What information do oddsmakers use to set the line?
*
Advanced mathematics
Scientific formulas
Computer algorithms
Power ratings
All the above
13. Generally, to be considered a sharp bettor, you must maintain a winning percentage of:
*
51%
52.38%
55%
65%
14. Which of the following is a Propositional Bet:
*
Green Bay Packers (-10)
Aaron Rodgers total passing yards over 278 yards (-130)
Green Bay Packers First Half (-4)
Green Bay Packers vs NY Giants Total Over 41.5 (-115)
15. What are the most important statistics to analyze when betting totals in basketball?
*
Number of possessions
Offensive efficiency (OER)
Both A & B
Neither A or B
16. If you are only betting -150 favorites and winning 60%, what would be the status of your bankroll?
*
Losing Money
Breaking Even
Winning Money
17. In regards to sports betting, the Kelly criterion system states:
*
Wager the same amount on every game
Increase betting amounts by a factor of 1.5 for each consecutive winning bet
Weight your bets based on your confidence in each game
Bet double after each lost bet so you can recoup your losses to turn a profit
18. If you correctly identified that professional bettors bet the Colts at -3 and steam moved the line to Colts -3.5, you can interpret this to be a clear signal that you should bet Colts at:
*
-3
-3.5
-4
All of the above
19. The following is a clear indication of sharp money:
*
There is an even amount of bets and money on each side
A team gets a majority of bets and the line moves toward them
A team gets a minority of bets and the line moves in their direction
All of the above
20. The fair odds on a properly calculated parlay of two -110 wagers is:
*
+200
+220
+264
+300