Sports betting is simply betting on a sporting event. You are betting that your team, horse, dog or driver will win. If they win, so do you! If they lose, you lose the amount of your bet. Sports bets are made all over the world, although in the United States this type of bet is not as accepted as in Europe.
Online sports betting is probably the best option for those who are interested in trying it for the first time. If you’ve never tried online sports betting, you’re missing out on so much fun and excitement, and it can all happen in the comfortable surroundings of your own home! The art of sports betting can seem confusing at first, but once you become familiar with some of the jargon used to explain the concepts and logic behind each type of bet, it all becomes much easier to understand.
One of the best ways to experience this exciting way of betting on your favorite races and sporting events is to become familiar with online sports betting. However, to make the most of all that sports betting has to offer, you need to know a bit more about it.
Sports Betting – The Odds
How does online sports betting work? You should start by studying the odds of the sporting event you are most interested in betting on. When using sports betting online, you can find these odds at the various online sportsbooks used by internet players everywhere. You need to open an account with an online sportsbook before you can place your bet, but this is easy to do.
Once you have chosen where you are going to place your sports bets, you need to decide how you are going to place your bet. There are many different ways to bet your chosen amount of money, but first, let’s talk about the margin and how it can affect the amount you bet.
Sports Betting – The Spread
The spread is a point advantage in sports betting, usually given to the team that is generally expected to lose a particular sporting event. If you decide to bet on the team expected to win, you will need to win by more than the spread number and cover the spread before you are deemed to have chosen correctly. If you choose the team that is expected to lose, that team will have to lose by less than the margin number for your choice to be considered correct. If by any chance the team wins by the number of points that were chosen as the margin, the game is called a tie.
No one who engages in sports betting wins anything if a game is announced as a draw, but they do get back the amount of their original bet. The point spread is made so that all bets are even for the sportsbook, and it is usually done for sports such as basketball or soccer.
Sports Betting – The Bet
If you were to bet against the spread, you would most likely make a type of bet called an 11-10 or spread bet. By betting $11, you win $10 if your team’s score covers the spread. This is another way online sportsbooks make money.
An over-under bet is also an 11-10 bet. With this type of bet, the total score of the two teams that played will be over or under the total score that was listed before the match was played. Betting that the score is over is called ‘betting on the ball’. Betting that the marker is under is called ‘betting on the clock’.
A proposition bet is a type of bet where the online sports bookmaker chooses what the odds and terms of the bet will be. This type of bet can be very interesting, even a little fun at times, as the conditions can be as unusual as which of the two football teams will make the most touchdowns, which of the two basketball teams will score the most of triples, or even which one. individual player will make a certain move for the team. The odds for these types of bets are sometimes 11 to 10, but can be better or worse depending on the circumstances.
A parlay bet occurs when you bet on more than one event, usually three. This type of bet gives you a much higher payout if you win, but the problem is that every event you bet on will have to win. If one of them loses, they all lose and you lose the amount you bet.
A money line bet sounds pretty fantastic, especially to someone just getting started with online sports betting, but it’s actually one of the simplest bets of all. It is also known as a straight bet and you do not have to take into account the difference in points. You will simply choose your sport, and then the team that you think will be the underdog or the favorite. On a money line bet, the bookmaker will have numbers listed that are in the hundreds, with a plus or minus sign next to them. These numbers are considered the ‘money line’ and are the multipliers for the bets.
If the money line for your team is listed as 100, you will make an even bet. This means that you will bet the same amount that you will receive. If the money line shows -110, then you need to calculate the amount of money you have decided to bet plus 10%. This extra 10% is known as ‘juice’. If the money line for your team is listed as +110, simply place your bet with the amount you choose to bet. If you win a money line bet, you get your bet amount plus 10% back. For example, if you bet $10.00 and $1.00 in juice on a -110 moneyline and win, you get $21. 00.
A teaser bet in sports betting is actually a proposition bet that allows you to change the odds of the bet in any direction so that the bet is in your favor. You can go up or down in points, and you must choose at least two teams, just like in a parlay bet. You can have up to 6 separate teams included in a teaser bet, but all chosen teams have to win for your bet to be declared a winner. Once the games are over, the teaser bet points are added or subtracted from the final scores. Odds for teaser bets can be different each time, so it’s a good idea to always check with the sportsbook before placing your bet.
One tip to remember is that usually when placing a bet on any sport that may end up with a high score, such as football, you will have a spread. Sports where the final score is low, like baseball, will have a money line. Also remember that favorable odds in a game can sometimes work in your favor. Online sports betting allows you to easily switch between sportsbooks to find the best odds.