The Beginner's Guide To Sports Betting posted by Bettor
Sports betting, as the name suggests is placing a wager on an expected sports outcome. Since it is a form of gambling, sport betting is illegal in many states in U.S. However, in many European countries it is legal to accept sports wagers under certain regulations. In U.S., wherever it is allowed, sport betting is usually done through a bookie or through various online outlets that perform the function of a bookie.
There are various types of bets in sports betting. The main ones include proposition bets, straight bets, teasers, if bets, goal line or run line bets, parlays, and many more.
These are wagers made on specific outcome of a competition or match. For instance, it could be correctly predicting the number of goals the two teams are going to score in a football match, or predicting the number of hits a player is going to do in a baseball game.
A straight bet involves making a wager against a spread. In a spread, the bookie assigns a number to a team or player, which handicaps or favors it. For instance, in NBA, while considering two teams, one team will be perceived to have more chances at winning. However, to make the bet for the underdog more desirable, the bookie will give that team certain points. For example if Chicago Bulls are expected to win against the Boston Celtics, the spread might read Chicago Bulls -4 and Boston Celtics +4. If the person betting selects Chicago Bulls, he will have to subtract 4 points from the final score of the team before comparing it to the score of the Celtics. Hence, for winning the bet, the Bulls will have to win the game by five points or more. Straight bets are the most common type of wagers in sports betting.Continue reading "The Beginner's Guide To Sports Betting"