Sports Betting IQ Test by Brandon Davis | Sep 11, 2020 | 0 comments Name Email 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 of 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? A. Number of possessions B. Offensive efficiency (OER) Both A and 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 Time is Up! Submit a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Save my name, email, and website in this browser for the next time I comment.