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What do sports betting lines mean?
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If that sounds like you, we’re here to assist you. If you’ve stared at a board at a sportsbook or just seen spreads and moneylines on the Internet and been utterly confused, don’t worry. It’s not just you. Those numbers can be confounding.
But hopefully, once you’re done reading this, you’ll completely understand how they work. As you prepare to dive into the world of sports betting, here’s a breakdown of how the lines work, starting with …
Spreads.
It would be really easy to bet on a game if you could put money on a heavy favorite to win.
That’s where point spreads come in. Let’s look at an example:
In this case, you can bet on either two outcomes: you can put money on the Eagles to win the game by 4.5 points OR MORE, which makes them the favorites. Or you can bet that the Giants will either win or lose by LESS THAN 4.5 points. They’re the underdogs.
Now, sometimes the spread “moves” during the days leading up to the game. Perhaps the Eagles’ spread ends up being -3.5 (in which they must win by 3.5 points or more to give you a victory in your bet). Your bet all depends on whichever spread you bet on, whether it was when the Eagles were favored by 4.5 or 3.5 points.
If you ever see “PK” or “pick” next to a team, it means there’s no spread and you can bet on who will win, no matter what the score is.
Moneylines.
Let’s take that same example above but use moneylines:
The team with a minus symbol is the favorite, and the number is how much money you would need to bet to win $100. In this case, you would have to bet $200 on the Eagles in order to win an additional $100.
Note that you can bet any amount you want, but those numbers are always calculated and posted the same way, either in how much money you would need to wager to win $100 or how much money you could win by wagering $100.
If you’re betting on something like the team who will win the Super Bowl in the future, you might see it look like this:
New England Patriots � 3/1 Baltimore Ravens � 5/1 Kansas City Chiefs � 8/1.
If you were betting on the Patriots and their 3/1 odds, you would win $3 for every $1 you spend. So if you bet $50 on the Pats and they ended up winning the Super Bowl, you’d win $150 (plus your original wager) back.


Recapping Busy Start for 2021 Sports Betting Legislation.
Lev Radin/Pacific Press/LightRocket via Getty Images. Pictured: Gov. Andrew Cuomo.
A few weeks into 2021, lawmakers in more than a dozen states have already introduced sports betting legislation or have announced plans to do so.
Here’s a state-by-state recap of some of the most important such bills filed during a frantic start to the 2021 legislative session:
Georgia.
A bipartisan group of lawmakers in the state House of Representatives introduced a mobile sports betting bill last week that would allow at least six individually branded online licenses under the purview of the state lottery.
Status: The bill has not been assigned yet to a committee but it is being championed by Rep. Ron Stephens, who chairs the House Economic Development & Tourism Committee. That means it should at least get a serious look.
Look Ahead: Georgia came surprisingly close to passing legal sports betting last year, backed by Republican fiscal conservatives and the state’s professional sports organizations. However, any gaming bill still faces opposition from religious and social conservative organizations and lawmakers. The back-and-forth between these factions of the GOP could determine sports betting’s 2021 hopes.
Connecticut.
After years discussing legal sports betting, Connecticut finally seems on the verge of legal wagering legislation passing into law.
Status: A bipartisan, bicameral bill with 17 sponsors � and the backing of Gov. Ned Lamont � was filed last week and now awaits further action in the Joint Committee on Public Safety and Security.
Look Ahead: The bill offers few details beyond approving the state’s two gaming tribes to open retail and online sportsbooks, as well as online casinos (the state lottery would also be able to expand its offerings). Significant work is required before this bill could pass but the fact so many lawmakers are on board, as well as the tribes, gives online sports betting and casino gaming a great chance to pass, even if it looks like there may be limited wagering options.
Missouri.
Lawmakers have already introduced six sports betting bills, meaning the Show Me State will once again consider legal wagering, even though significant logistical and political hurdles remain.
Status: Bills have been introduced in both the House and Senate but only one has been assigned to a committee.
Look Ahead: Missouri lawmakers must weigh sports betting against an ongoing legislative fight over video lottery terminals, which would have a far larger financial consequence than even online sportsbooks. Lawmakers must consider the casino industry interests while also determining if the state should regulate thousands of unlicensed “grey” gaming machines that are already in existence, legalizing new machines or banning them outright. They also will have to do so remotely, at least for this week; the 2021 legislative session has been suspended due to a COVID-19 outbreak.
Kentucky.
Rep. Adam Koenig is once again spearheading mobile sports betting legislation, this time with 16 co-sponsors. But after a similar 2020 bill faltered following a promising start, this year’s legislative session leaves little wiggle room for what appears a long-shot effort.
Status: This year’s bill hasn’t been taken up by a committee yet but assuming it advances as its counterpart did in 2020, the real question remains if it will get a vote before the full House floor.
Look Ahead: Kentucky gaming bills always face tough odds in a state with strong anti-gambling sentiment but this year, lawmakers are more focused on restoring historic horse racing terminals � and, more so, a major budget crunch execrated by the COVID-19 pandemic. With an already truncated odd-numbered legislative session to begin with, sports betting may struggle to gain much traction in Frankfort.
New York.
Assemblymember J. Gary Pretlow and Sen. Joseph Addabbo have introduced identical bills in their respective chambers that would allow up to 14 online mobile operators as well as betting kiosks at professional sports stadiums and off-track betting venues.
Status : Both bills could see votes in their respective gaming committees as early as this week, but that vote isn’t as important as a budget proposal expected from Gov. Andrew Cuomo in the coming days.
Look Ahead: Cuomo surprised the gaming world earlier this month when he came out in support of legal online wagering but just as quickly angered stakeholders when he said he wanted only one operator. A press statement released last week indicated the governor may support a multi-operator model, but it will have to come with the backing of lawmakers already looking to advance a proposal of their own. The fate of New York online betting depends on finding an agreement on either a multiple operator or single operator model. Cuomo’s draft budget could go a long way toward that solution.
South Dakota.
After voters backed a 2020 ballot measure to legalize sports betting last fall, lawmakers introduced follow-up legislation in January that would lay out key regulatory and taxation details for retail sportsbooks in the historic gaming town of Deadwood, as well as Native American casinos.
Status: The bill in South Dakota has been assigned to the Senate State Affairs Committee and could be discussed as early as this month.
Look Ahead: Passing a retail sports betting bill seems like a safe bet in 2021. Online sports betting is the bigger question. Though gaming is only allowed in Deadwood, some mobile betting backers believe online wagering could be permitted statewide if the computer servers are physically within Deadwood limits. Though it would mean far larger revenue potential, it’s a logistically, politically and possibly legally more difficult endeavor, and the initial bill’s lack of mobile betting authorization indicates it may not even be considered in this year’s session.
Massachusetts.
Lawmakers discussed a handful of sports betting bills in 2020, including one sponsored by Gov. Charlie Baker, but elected officials couldn’t reach consensus despite bipartisan support. The General Court is set to take up wagering bills again in 2021, but some of the logistical hurdles remain.
Status: Rep. Bradford Hill introduced a trio of mobile sports wagering bills last week, and more are set to follow in the Senate (and possibly the House). With the state’s year-long session just beginning, additional legislation to follow and more pressing budget concerns to consider, it could be a while before these specific proposals see much momentum.
Look Ahead: Massachusetts, which has increasingly embraced gaming in recent years as competition for gambling dollars grows in other New England states, has frustrated the sports betting industry with its failure to advance legal wagering despite the latent political support. With statewide, legal wagering already in Rhode Island and New Hampshire (and likely in Connecticut) there’s more motivation than ever to pass a bill. Politicians still must work out operator access, college betting legality and a host of other issues they’ve struggled to reach consensus on in recent years.
Other States.
Several more are poised to introduce sports betting legislation in the coming weeks, while others with legal wagering already are working on growing their betting options.
Legislation Pending: Maryland is all but guaranteed to take up fleshed-out legislation later this year after voters overwhelmingly backed a 2020 referendum that legalized sports betting. Texas, Minnesota and Arizona are among the next wave of states that could also see legal sports betting bills in 2021.
Expanded Options: Officials in Oregon, Washington and Virginia have filed bills that would increase the number of legal sportsbooks in their respective states. Additional sports betting bills could face political obstacles, but it’s nevertheless a sign of political interest for expanded markets.


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Dan Haar: Sports betting, online gambling in reach for CT.
Rodney Butler, chairman of the Mashantucket Pequot Tribal Council, which owns Foxwoods Resort Casino, shown at a forum on gaming expansion at the Legislative Office Building in Hartford, Tuesday, Feb. 11, 2020.
Dan Haar/Hearst Connecticut Media Show More Show Less.
U.S. Rep. Joe Courtney, D-2, left, chats with Chuck Bunnell, chief of staff of the Mohegan Tribe.
Joe Amarante / Hearst CT Media Show More Show Less.
Bobby Valentine and Ted Taylor, president of Sportech Venues, are in awe as the new Bobby V's prepares to open as a Sports Bar, Restaurant, and OTB lounge in Stamford, Conn., on Friday, June 16, 2017.
Matthew Brown / Hearst Connecticut Media Show More Show Less.
It was a fruitful pre-season for teams competing for the right to launch online and sports gambling in Connecticut. Amid the pandemic, coaches and commentators speculated 2021 could yield great results with a breakthrough deal after three years of failure.
Now the regular season has had its first high-profile matchup. On Tuesday, the tribes that run Mohegan Sun and Foxwoods; the company that runs OTB locations; and the Connecticut Lottery Corp. all lined up to mak their cases to the General Assembly’s public safety committee, which oversees gaming.
And oh yes, the Connecticut Council on Problem Gambling had a few minutes of airtime. They’ll make a strong argument for controls. But don’t worry, the number of lawmakers hellbent on stopping this juggernaut is dwindling.
Four weeks into 2021, everyone still seems to believe this is the year the state will usher in sports betting and casino games for mobile devices and laptops. “We’re at the 1-yard line and we’ve just got to punch it in at this point,” said Rodney Butler, chairman of the chairman of the Mashantucket Pequot Tribal Council, which runs Foxwoods Resort Casino.
It’s a very long one yard. Still, the forces are all in place to make it happen.
We have a coronavirus cash crunch on both sides, bad enough that Foxwoods had to give the state an extra $716,766 in December just to meet its minimum payment under a 29-year-old gaming compact. The agreement calls for each of the tribes to pay the state 25 percent of slot machine revenue or monthly payments at a rate of $80 million a year, whichever is more, and Foxwoods fell just short at the end of 2020.
That’s a first since Foxwoods ramped up and it means the casino is under a lot of pressure.
We have a willing governor and a legislature no longer divided between the tribes and MGM, now that MGM has exited the scene.
And we have surrounding states moving toward their own deals to tax companies that are able to beat money out of residents sitting at home, riding in cars or waiting in line at the supermarket.
All we’re missing is a deal, or any imminent sign of one � but the calendar is the tribes’ enemy.
The informational hearing looked and felt important but nothing the General Assembly does will matter until and unless Gov. Ned Lamont signs a new online and sports gaming pact with the tribes and anyone else he deems important enough to cut in on the action.
Lamont has dispatched four of his top aides � economic czar David Lehman, budget boss Melissa McCaw, chief lawyer Bob Clark and chief of staff Paul Mounds, the captain � to do the bidding.
One quick thing while we’re on the subject of Lamont and the hospitality industry. Governor, you could show goodwill toward ailing restaurants by suspending the 10 p.m. curfew for the Super Bowl on Feb. 7. Just a thought.
No deal yet.
Back to online casinos and sports gambling, no one is packing champagne on ice just yet but Lamont’s public comments, most prominently in his Jan. 6, pre-recorded State of the State address, indicate optimism is in the house.
Then again, so is the old stalemate. The Mohegan and Mashantucket Pequot tribes have shown no public willingness to back off their claims that they alone hold the rights to online “casino games,” which, in their view, include sports betting as well as internet gambling. That knocks out all other players, some of which might file lawsuits � tying up the state for years even if the legislature backs the tribes’ claims.
That’s a hurdle other states don’t have. Connecticut promised the tribes an exclusive duopoly on all casino games back in the ‘90s as long as the state collects 25 percent of the gross winnings from slot machines. Those payments peaked in 2006 at more than $400 million, fell to $255 million in fiscal 2019 and dropped to $193 million in the year ending June 30, 2020 and $164 million for all of 2020.
Falling as they are, those dollars matter to the state. And considering the threat from MGM Springfield followed by the shutdown last spring, that $193 million shows the tribal casinos have a whole lot of life left.
Butler, who was a delegate for President Joe Biden, reminded lawmakers that the tribe’s Foxwoods Resort Casino isn’t just another company like, oh, let’s say MGM Resorts International or even Aetna. “Our shared history in Connecticut doesn’t go back a few years, it goes back centuries,” he said.
Pratt & Whitney buys workers $22,000 in gift cards for Middletown businesses Murals keeping New Haven streets vibrant during a difficult time Middletown health center launches third mass vaccination clinic, at Wesleyan 'Come off it, Connecticut': TV hosts poke fun at CT's bid to make pizza the state food New Haven police identify 18-year-old found dead in frozen pond CT dental patients file complaints over COVID fees The Essex restaurant opens modern food hall in response to pandemic.
The Pequots are tied to Connecticut land as immovably as the river that gave the state its name, he might declare. The two tribes did manage to wait out MGM, which no longer wants to build a casino in Bridgeport � not that anyone wants to build a casino anyplace in Connecticut these days.
And the tribes have a bill co-sponsored by 17 lawmakers from both parties endorsing pretty much everything they want.
This is a bit of inside baseball but you don’t see Reps. Toni Walker, D-New Haven, and Doug Dubitsky, R-Chaplin, lining up as co-sponsors of the same controversial bill very often. I wouldn’t have guessed they’d agree the sky is blue.
How it might happen.
Logic would say Lamont can get this done by agreeing to pay a fee to the tribes of a few percentage points of sports betting and the much larger i-gaming. That’s what happened a few years ago with Keno, in which the tribes split a 25 percent cut for a game they don’t run. That would allow the Connecticut Lottery to do its thing online and New Haven-based Sportech, which runs the OTB locations and Bobby V’s sports bars, to expand into broader sports betting, online and in-person.
But not so fast. The team of, Mounds, McCaw, Clark and Lehman might not need to pay off the tribes. No one is hurt more by time passing than Foxwoods and Mohegan Sun, which issued a warning on its debt at the end of 2020. That $716,766 Foxwoods had to pay the state last month is a huge deal and it signals that we might see the tribes willing to share the bounty in exchange for a fast deal, with little or no licensing fees.
Ted Taylor would love to see that. He’s president of Sportech in Connecticut. “We definitely feel that we’re at te table,” he told me Monday night, ahead of the hearing. “Nobody apart from the tribes believes that the tribes have exclusivity.”
It takes a wide marketplace to make sports betting work, Taylor has argued for three years now, since the U.S. Supreme Court allowed it to spread. That means more bookmakers in the game, not fewer.
And just over the state lines, we’re seeing the marketplace line up. New Jersey is minting nearly $200 million a year on the digital gambling habits of its residents and visitors.
Massachusetts seems poised to join in, according to the salivating gaming press; New York’s gaming commission just produced a report predicting something like $1 billion in revenue for a state deep in the hole from COVID.
Now Lamont is just a couple of weeks away from his deadline to present a budget to lawmakers and he would look strong with gaming deal in hand, preferably one that includes more players while keeping the tribes happy.




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