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WAGERBIRD® Alpha Academy · SMT 100 First Principles · Part I: The Structure of Sports Markets
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Lesson 05

Spread, total, moneyline

Every game carries three core markets. The spread asks about the margin, the total asks about the combined score, the moneyline asks who wins. Each one has a line, a price, or both, and each can move.

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SMT 100 · Part I: The Structure of Sports Markets (12 lessons)Full course syllabus ↗
  1. 01Three markets, side by sideRead ↗
  2. 02The sportsbook and its wager slipRead ↗
  3. 03Odds formats and probabilityRead ↗
  4. 04The vigRead ↗
  5. 05Spread, total, moneylineRead ↗
  6. 06Props and parlaysRead ↗
  7. 07The prediction market contractRead ↗
  8. 08Orders and selling earlyRead ↗
  9. 09The pick'em entryRead ↗
  10. 10Limits and exitsRead ↗
  11. 11Who regulates whatRead ↗
  12. 12Opening and running accountsRead ↗