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Making Money with UFC Betting Lines
The Ultimate Fighting Championship, UFC, is the biggest MMA franchise in the world, and is now captivating spectators from across the world. Placing your bet on your favorite fighters is a way to get interactive with this powerful craze, and potentially make some extra cash in the process.
What are UFC Betting Lines?
The UFC has become one of the most popular sports events to bet on. UFC betting lines – also called “money lines” – are wagers based on who you believe will win a particular fight. Betting lines include an offset number that allows the betting public to be evened out by the sportsbooks.
How are UFC Betting Lines Established?
If a fighter is favored (considered likely to win and defeat his opponent), your profited winnings will only equal a certain portion of the dollar amount that you bet. The reason is because this is the contender the majority of the betting public will be placing their wagers on, so the winnings are tempered to compensate for the high number of winning bets that will need to be paid out.
How to Read UFC Betting Lines
If you bet on the favored fighter, your winnings are slightly less than your betting amount, since you’re not taking much of a risk by betting on the favored contender. You will still turn some profit if he wins, just not as large of a profit as you would gain if you took a chance on the non-favored opponent in that fight.
If you opt to place a wager on the proposed underdog, you have the potential to win a bigger profit, since the odds are supposed to be stacked against you. You are taking a bigger risk, and therefore stand to win even more than the money you put down on the non-favored fighter.
Now, let’s get into the number crunching side of things.
The way UFC betting lines are read is as follows:
1. Favored Fighters and Negative Numbers
For each fight, the odds of a fighter who is favored are represented by a negative number to reduce the profit potential.
For instance, if the favored fighter’s odds are -120 and he ends up winning as expected, that means that for every $1.20 you bet, you will earn a returned profit of $1. Without the offset of the betting lines, you would have earned $1.20 profit for every $1.20 you bet.
2. Underdog Fighters and Positive Numbers
With that said, this gives you a vested interest in believing in the underdog, in whom less betters seem to be placing their faith. The proposed underdog’s betting lines are set as a positive number, because your profit will exceed the amount of your wager if he ends up winning the fight in question.
Thus, if the underdog’s odds are set at +150, that means that for every $1 you bet, you will earn a returned profit of $1.50. Without the offset, you would have won less (only $1 profit per $1 you bet).
Why Bodog has the Best UFC Betting Lines
Many publications relating to sports, news and entertainment cite Bodog’s dependable odds – not only on sports, but also on politics, business, and pop culture. Bodog has long been regarded as a reliable source of information for major events across the globe – and the leading, guaranteed safest site at which to place your bets.