What is a Line Bet?
A line bet is a type of bet which skews the result criteria needed to win, it is typically used in sports which utilise a points system.
To win a line bet, one must correctly predict whether a team will beat their opponents by more, or lose by less, than a certain margin. Line betting odds are designed to bring the odds closer to 50/50, which makes it a simpler and easier betting process than fixed odds.
‘Line Betting’ Explained
In the majority of events where one team is against another, one of the teams is favourable to win. As a result, there will be higher odds for the underdog to win. What line betting does is create a points margin that the favourable team has to win by. This handicaps the favourable team which results in the outcome probabilities becoming more equal.
An example of a line bet scenario may look like this: If Team A is more likely to beat Team B, a line bet will determine the margin by which Team A has to beat Team B by in order to win the bet. If Team A is considered an 8-point better team than Team B, the line will be 8 points. If one bets on Team A, they will win if Team A beats Team B by more than 8 points. If one bets on Team B, they will win if Team B loses by less than 8 points.
As a result of the handicap on the favourable team, the odds increase for this team to come out on top as they will need to perform even better to win. The odds will decrease for the other team as one can still win the bet without that team winning. Line betting on the underdog is a safer bet than betting on that team to win outright.
Line betting is a good option if you feel confident that the favourable team can win by more than the margin stated, or if you feel that although the underdog may not necessarily win, they will not lose by the set margin.