How Bettors Manage a Dime Line

How Bettors Manage a Dime Line

Sportsbooks are supposed to serve as a tool for bettors to get a chance for a higher payout now that platforms have expanded from desktops and laptops to mobile phones.
But like any other business, bookmakers need to gain profit from every bet to sustain their operations, ranging from those who make simulations and algorithms to determine moneylines or odds to provide statistics and updates that help punters make decisions before placing a bet. This is where sportsbooks integrate the “dime line” bets to their users.
So how does the dime line work? And how does this benefit bettors?

DIME LINE BETS RESULT IN BOOKMAKER'S PROFITS

A dime line is defined as a difference between the odds (or the line) payout between the money the bettor will place on the favorite and the money he gets from the underdog sides in any major sport. Basically, a punter needs to put 110 USD to profit on a 100 USD bet.
The 10 percent on a -110 line goes to the “vig,” which is described as the amount a bookmaker charges for taking a bet from a punter. This is also referred to as “juice.” A sportsbook relies on its linemakers to set lines that draw balanced action on both sides. The bookmaker will profit if they succeed in balancing the action on both sides without any risk due to the 10 percent vig.
The extra 10 USD will be used by sportsbooks as commission for facilitating the bets. This means bookmakers are unmindful of which team covered the spread. For the sportsbooks’ benefit, bettors would need to win 52% of their bets if they constantly place their money into -110 lines to hit break-even.

10-CENT VS 20-CENT LINES EXPLAINED

Bettors can spot the dime line depending on the sport, so they have to be sharp when betting on multiple sports events. The vig (or juice) is easy to find in football and basketball, as the lines are usually -110 or -105. Punters need to bet 110 USD for every 100 USD they hope to win. Some bookmakers offer a 10-cent difference between the two sides.
But sportsbooks use the moneyline instead of the spread – thus making the vig hard to fathom when making straight bets. Some bookmakers use a 20-cent line, meaning there is a 20-cent difference in the numbers in baseball dime lines. A set of odds on the moneyline is given to each team in baseball dime lines.
For example, the Milwaukee Brewers are +140 while the Texas Rangers get -160 in their matchup. A 20-cent line is used by the bookmaker, thus moving one team 10 cents more than it would be on a dime line. Punters betting on the Brewers will get no difference based on this example. However, the dime lines make the Rangers a better bargain at -150 than the -160 a bettor would be getting on the 20-cent line.

CONSISTENCY IS KEY TO LONG-TERM PROFIT

Bettors should have a deep pocket and the conviction to play -110 lines consistently to see a path to long-term profit and avoid being broke on dime line bets.
Punters must also make it a habit to check out multiple sportsbooks, and chances are they will see the same line for -110 that will make them save their 10 percent vig. Players must understand that betting a higher line means the need for a higher winning percentage to break even.
There is a need for bettors to cut the vig, or juice, that they have to pay on every bet to preserve their return of investment and enable them to see fewer large swings and sports betting to start paying out like other profitable businesses.
Once a punter chooses the best sportsbook that offers quality dime lines, they can focus on choosing dime line bets on their favorite sports and avoid the stress of leaving from one bookmaker to another.
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