Sports Betting Basics

Sports Betting Basics



Online sports betting offers fans ease and​ convenience when it​ comes to​ putting a​ few bucks on a​ game. Online sportsbooks have given anyone who has access to​ the​ Internet the​ opportunity to​ place a​ quick wager any time-- day or​ night.

An array of​ wagers can be placed on games that are to​ be played that day. You may put money down using the​ point spread or​ the​ money line, and​ you can bet on the​ over/under. These three kinds of​ popular bets may be placed on baseball, football, hockey, basketball, and​ soccer contests.

When wagering on baseball or​ hockey you’ll find that the​ most popular bet is​ the​ money line. Another common wager made by sportsbook enthusiasts combines the​ point spread and​ money line. in​ baseball this type of​ bet is​ called the​ run line, and​ in​ hockey it​ is​ known as​ the​ puck line.

You may put money down on a​ team using one or​ more of​ these types of​ wagers. an​ additional popular wrinkle on these bets is​ the​ parlay, which allows you to​ substantially increase your profit margin and​ your risk of​ losing.

POINT SPREAD:

With the​ point spread, the​ team that’s favored has points taken away, or​ another way to​ look at​ it​ is​ that the​ weaker club is​ given some points. Point spreads are common when wagering on football and​ basketball. Let’s say you’re putting money on the​ Patriots- Dolphins contest and​ the​ point spread is​ 3 ½ with the​ Pats at​ - 3 ½ . You put a​ sawbuck on Miami and​ they lose 21- 20.

They may have lost, but you won some money. Why? in​ terms of​ the​ point spread the​ handicappers have spotted the​ team from Miami 3 ½ points. for​ you to​ lose, New England would have had to​ win by at​ least 4 points. According to​ the​ point spread, the​ bookmaker’s score was Patriots 17 ½ (21 - 3 ½ = 17 ½ ) and​ Miami 20. You win.

The half-points that odds makers put in​ point spreads are meant to​ guard against a​ "push." as​ an​ example: the​ Utah Jazz play the​ Timberwolves in​ Minnesota and​ the​ home team is​ -1. if​ the​ game ends with Minnesota winning by one-point, 86-85 and​ you had put your money on the​ Jazz - do you win or​ lose? Neither - it’s a​ "push," which means via the​ point spread the​ teams ended the​ game tied and​ you simply get back the​ money you wagered. You don’t win, and​ you don’t lose.

MONEY LINE:

When betting the​ money line in​ either baseball or​ hockey, you’re putting dough on a​ team to​ win regardless of​ the​ point spread. a​ money line in​ hockey would look like this: Columbus Blue Jackets +280, Detroit Red Wings -360.

In the​ Blue Jacket - Red Wings contest, if​ you put $360 down on Detroit, you can win $100. However, if​ you put $100 on Columbus and​ they win, you get your $100 plus $280. Remember, there is​ no point spread involved in​ this type of​ bet.

Why is​ the​ money line set up this way? When playing the​ money line, the​ team that is​ the​ underdog pays more for​ less of​ a​ wager. While it​ costs a​ lot more money to​ bet on the​ favored team, if​ they win you take in​ very little money. Also, if​ they lose, you’re out a​ greater amount of​ cash than if​ you’d bet on the​ team that was not favored.

This type of​ bet is​ based on the​ fact that more people will place their money on the​ club that is​ expected to​ lose because it’s cheaper and​ the​ payoff is​ much higher. Less money will be put on the​ better team but more will be risked per bet and​ the​ payoff will be substantially less. Either way, the​ bookmakers are covered. if​ the​ favorite loses, the​ sports books make their commission; if​ the​ favorite wins, the​ book makers break even.

Chances are the​ Jackets will lose, and​ the​ casino will keep that money and​ pay out a​ small amount to​ those who took the​ favored team. if​ the​ underdog wins, although the​ payout is​ high, the​ casino has taken in​ a​ substantial amount of​ money on the​ favorite and​ they actually make money.

RUN LINE and​ PUCK LINE:

Most online betting services offer hockey and​ baseball as​ a​ point spread in​ conjunction with a​ money line. Thus, you have to​ play the​ money line but you get the​ benefit of​ a​ basic point spread. This combination of​ money line and​ point spread is​ called the​ puck line for​ hockey and​ the​ run line for​ baseball. Typically the​ point spread for​ baseball is​ set at​ 1 ½ runs and​ for​ hockey it’s 1 ½ goals.

OVER/UNDER:

When you place an​ over/under bet, you’re wagering on the​ total number of​ points that will be scored. When putting money on soccer, you may find that the​ over/under on the​ contest between Manchester United and​ Arsenal is​ 2.5. if​ you choose the​ under and​ 2 goals are scored, you win. However, if​ three or​ more goals are scored, you’d lose that wager. Typical over/unders in​ hockey range from 5 to​ 7, while a​ typical over/under for​ baseball is​ from 4 to​ 14 runs. the​ NBA basketball range varies quite a​ bit, from 175-225 points.

The total number of​ points for​ the​ over/under is​ based on an​ analysis of​ the​ strengths and​ weaknesses of​ each team’s defense and​ offense, point trends, and​ match-ups. This bet really demands a​ solid understanding of​ each team’s potential on a​ given night.


PARLAY:

There are many other types of​ bets in​ which you can engage, but one that allows you to​ expand your winnings quickly is​ the​ parlay. a​ parlay bet is​ simply a​ wager that combines two or​ more bets. When you place a​ parlay, you must win every one of​ the​ bets to​ receive any payoff. Using this method of​ combining wagers gives you a​ much higher payoff on the​ same investment that you can make on one wager. of​ course, there is​ a​ greater risk of​ losing.

If you parlay a​ bet on the​ Red Sox- Yankees run line, on the​ Angels- Mariners over/under, a​ third pick on the​ Angels- Mariners run line and​ a​ final pick on the​ Cubs- Cards run line, you could get odds of​ 12 to​ 1. Placing an​ $11 single bet on each of​ these wagers would mean you would put $44 down and​ get a​ payoff of​ $10 per wager. if​ you won all 4 bets, you’d make about $40. However, in​ playing a​ 4-bet parlay, one $11 bet could result in​ a​ $110 profit.

There are many other types of​ bets in​ which you can engage and​ online betting sites are constantly coming up with new twists. When wagering, take some time to​ do your homework on the​ sport, the​ teams, and​ the​ players. Wager wisely. Most gambling experts will tell you that a​ professional who knows what they’re doing will win about 60% of​ the​ time. Most professional wagering is​ not an​ attempt to​ win a​ lot at​ once; rather it’s a​ steady process where, with careful wagering, people turn a​ profit.




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