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Anna Helhoski

👤 Speaker
1779 total appearances

Appearances Over Time

Podcast Appearances

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

So the point spread, the favorite has to win by a certain number of points, or the underdog loses by less than that in order for you to win.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

There's also an over-under, and that's known as totals.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

This is how it works.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

Instead of picking a winner, you're going to be betting on the combined total score of both teams.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

Now, the sportsbooks set a number, and you wager if the actual total will be higher or lower, hence over-under.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

So for Super Bowl 60, DraftKings puts the over-under set line at 45.5%.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

If you want the over, you're going to be betting that the two teams together will score 46 points or more.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

If you want the under, you're betting the total will be 45 points or less.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

Yeah, this is definitely like the weirdest world in sports betting.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

So props focus on really specific things happening in a game.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

There are novelty bets along with this.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

Who's going to win the coin toss?

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

Who's scoring a touchdown?

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

What color is the Gatorade that the players pour on their coach's head when they win, et cetera?

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

Here's one of the real wagers that DraftKings is showing right now.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

The bet is on whether the jersey number of the first player to score a touchdown is higher or lower than 10.5.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

Over 10.5 means that you think the player's numbers will be 11 or higher.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

That's the favorite outcome.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

So you'd have to bet $160 to win $100.

NerdWallet's Smart Money Podcast
Prediction Market Betting Hype and Self-Employment Taxes You Don’t Want to Miss

Now, under 10.5 means the player's jersey number is 10 or lower, which is less likely.