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

Sports Betting 101

Sports Betting IQ Test