Oct 23 2019

Buying options on robinhood

Buying options on robinhood-Buying options on robinhood
Buying options on robinhood-Learn how to buy points when sports betting. We explain how buying points work when you are betting on sports and we tell you how to buy points when betting on each sport.

Buying Points Explained

When it comes to betting on sports, there are a lot of varieties of odds that are formed and wager that can be made. Bettors can lay down money on a ton of different outcomes that they feel gives them a shot to win. One of these methods to winning a wager involves buying points to secure a betting line that is one you feel very good about coming out on your correct side. The process of buying points is not a new one; it goes back quite a ways, as sportsbooks allow bettors to get in on this for a price.

Exactly how buying points works to the advantage or disadvantage of a player in cases is explained here, including going down the list of some of the biggest sports and leagues in which buying points is a popular fad. The most important aspect that ExplainBettingOdds wants our readers to come away with is the understanding on how buying points actually works, and why you would want to use it.

Understanding How Buying Points Works

The notion of buying points on a betting line is just like it sounds. This relates only to the point spread of a game, in which oddsmakers have established a favorite and an underdog with a specific spread on the game line. From here, bettors have the option to lay down a wager on that point spread, or change it to either push it in their favor, or away from their favor.

The process involved in buying points would go something like this. Say for example you are looking at betting on an NFL game, and the betting line is set at 4 points. That means for the favorite to cover, they would need to win by five points or more. On the flip side, the underdog can cover the spread with a loss by a field goal or less. If a bettor wants to move the line close together to take the favorite because they think that the line can be covered more easily, then the option to buy points to shrink the line can be enforced. If the bettor wants to move the line further apart, the same processed is involved though it would move towards the favorite having to cover more points.

The question here is why someone would want to buy points to move the line in the first place? What is the advantage in doing so? Why not just take the line that oddsmakers give you?

Well, many times a point spread set down by oddsmakers might not sit right with a bettor, and to move to one they like, they can simply buy the points. But the key factor here lies in how the payouts are affected, which is what we get into in the next section.

How Does Buying Points Affect The Payout?

The process of buying points has a big effect on the payouts to the bettors. The more the spread shrinks in favor of the bettor, the less the payout. The further away it goes from the way a bettor wants to wager, the more the payout.

For example, if a point spread is -4.5, and a bettor wants to buy a point, the line will now become set at -3.5 In doing so, the odds, or cost of the wager, will move from a standard rate (-105, -110-, -115) to a more expensive one (-120, -125, -130). This allows for the house to accept your action but take on less risk.

But, a bettor could want to shift the line and give points as well. Sacrifice a point on the spread will have the odds increase to even or in the positives. This opposite approach makes that spread harder to cover, but the reward is bigger on the payout. Alternate lines are an excellent option as well, as they have preestablished line and odd changes for your choosing.

Buying Points When Betting NFL (Games)

When dealing with NFL betting, sportsbooks will allow bettors to buy points in increments of half points. The general rule of thumb is that each half-point bought will cost the bettor 10 cents on the dollar. In the NFL, sportsbooks and bettors focus on the number three. This is because most NFL games are decided around a field goal total. The other important number is seven, obviously relating to a touchdown. Bettors can get a lot of value in buying a three-point betting line up to a 3.5 and a seven point to a 7.5.

Buying Points When Betting College Football

The same notion in the NFL towards buying points is applied to college football, though there can be some more variance because of the disparity in some of the matchups that are decided. But the point here is that oddsmakers do their research and are quite close many times. As a result, buying the point total up or down by a half-point can prove to be the difference. Points are bought by the half-point here as well.

Buying Points When Betting NBA Basketball

The NBA is a much higher-scoring sport than the NFL or any other sport, but the spreads remain relatively consistent to these sports. As a result, half-points can be bought one way or another on the spread. Bettors can move the point total to where they can get a push, or they can move it up or down a half-point to extend the spread. There are a variety of things to think about when choosing whether or not to buy points on an NBA line, especially when buckets can be scored in increments of one, two, or three points.

Buying Points When Betting MLB Baseball

In terms of buying points in baseball it does not apply to the spread of the game, as determined by the run-line. The run-line is at a constant 1.5 where the payouts stay as they are, along with the money lines. But the game totals can be bought to move up or down in half-point increments to skew the total runs scored in a given matchup. Buying a half-point can make a big difference when runs aren’t a highly scored as they are in other sports, so you can see the payouts change quite a bit in this case.

Buying Points When Betting College Basketball

College basketball is along the same lines as football and the NBA in terms of moving a betting line in half-point margins. Again, you will be sacrificing or gaining payout margins depending on which side of it you want to play. In most cases, points are bought where the bettor takes the lower payout to gain an advantage over the house, though it obviously costs them. Plenty of points are scored in college basketball, so it’s a matter of how far the payout moves.

Buying Points When Betting NHL Hockey

The NHL and Major League Baseball have the same concept here when buying points. With the goal-line, this stays constant at 1.5 goals. But where bettors will be able to buy points at sportsbooks in most cases will be on the total for the game. This is how many goals will be scored, where a half point can be bought, which will shift the payout quite a bit given the low total.

Bovada Sportsbook – Best Sports Betting Site For Buying Points

Bovada Sportsbook is known for offering their bettors some of the best options that are found in the industry. This includes the option to buy points on many different sports. Bovada does their best to keep the odds open in terms of what can be wagered, and if bettors want to buy points, then they will be able to do that. Sports like the NFL, college football, NBA, college basketball and more are open for buying points but the site also offers alternate lines that work just the same.

One of the nice features about Bovada is the fact that the bet slip will help adjust the payout for the new point spread adjustment when buying points. This allows users to see exactly how much they stand to win with the new spread after buying points to move it to where they prefer. Also, new members are welcomed with a bonus on their first deposit (50%, up to $250) which requires no promotional code. If you use Bitcoin, the boost jumps up to a potential $500 in free play. Just use the code “BVSBITCOIN50” but make sure it’s your very first deposit in order to access this benefit.


Buying options on robinhood


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