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Hey everyone, I'm pretty new to the sports betting world and had a question that I'm sure everyone in here knows except for me. Ive been looking at the super bowl odds, and I understand the whole Patriots 15/1 thing. What I dont understand is the Colts are -250. Can someone just explain what the minus 250 is and how you would bet it? Thanks!

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I understand the question was already answered here.
I assume the teams were just an example but just in case they weren't. The best line I seen yesterday on the colts winning the superbowl was -165. This is closed now that this weeks games are started and will reopen on Tuesday with an adjusted line.
With future bets the lines very a great deal from book to book, and some of them are just plain rip offs..
Example Bodog does which quarter of the game will score the most points. I often see lines like +120 +125 +130 +135 Don't need to be a genius to know with 4 ways this can go an all ranging from +120-+135 its a total suckers bet..
Don't get me wrong futures are not suckers bets but at some books they are. Just emphasizing to shop the lines well on these.