The odds bet (aka the money line bet) and the point spread bet (aka straight bet) are still the basic foundations of sports betting. When betting the money line one team is assigned the role of favorite and the other the underdog which is expressed like: Dallas -170. Philadelphia +135.
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Reading the Lines on the Sportsbooks. The first of the basics you will have to learn if you want to be a sports bettor is how to read the lines. The most important lines will be determined by the sport upon which you are betting. For instance, in baseball and hockey, most sports betting is done by the money lines.