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If you have ever wondered how sports betting works, then you’re in the right place.
*How Does Sportsbook Betting Work
*How Does Football Betting Work
*How Does Virtual Football Betting Work
*How Online Betting Works
*How Football Sports Betting Worksheet
Betting on football isn’t as simple as just picking the eventual winner of the game, you’ve got to consider who will win, but more importantly by how much. The point spread is considered the great equalizer in football betting, and being on the right side of that line is the goal of every football bet. How betting works in football. Sports betting latin america, caliente betting Mexico, how betting works in football, online betting horse racing, learn how to bet on football games, predictions for Anorthosis Rabotnicki, Espanyol Sevilla betting tips, ladbrokes betting explained, West Brom v Fulham betting tips, betting.
Football betting is basically risking money on one or more football games with the purpose of guessing the correct outcome of the football game or games. You place a wager with a sportsbook on a football. With spread betting, how much you win or lose is determined by how accurate you are. There are a great deal more than just two possible outcomes with spread betting and the more right you are, the more.
We’ll show you everything you need to know about sports betting basics, odds, and even payouts.
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Placing wagers might just have started from the first civilization.
Back then, it was called casting lots, and it was more or less a form of gambling.
Who started sports betting?
No one knows.
But you can rest assured that from the very first sporting event, people have been casting lots and placing bets for a long time.
So if you’re curious about it and would like to know how sports betting works, then keep reading.How Sports Betting WorksSports Betting Basics: What Is Sports Betting?
If you’re at least in your early teens, then chances are you already know what a bet is, and it is very likely that you’ve already won a few stakes yourself, with the loser doing a few of your chores as a result of you being right.
It’s also very likely that you’ve also had to do a few chores too for getting it wrong yourself.
Now that you have a perfect example of what betting is, it’s time to relate those childhood games you used to play to the big multi-billion dollar business that is sports betting.
In Sports Betting, you place a bet on an event, say the Steelers beating the Ravens (this is just an example you can place bets on different sports), and the Steelers actually wins, then you’ve won some money.
But if the Ravens are victorious, then you lose your bet.
For some, sports betting is a way to make money, and others do it for its fun.
It gives them an added reason to enjoy a particular game.
It gets them more involved in a contest in ways they wouldn’t have if they didn’t have some money riding on the outcome of that particular contest.The Plus (+) & Minus (-) Signs
In sports betting, especially in America, the plus (+) sign denotes how much a $100 bet will payout.
The minus (-) sign denotes how much you have to use to place a bet to get a payout of $100.
However, the plus and minus signs are also used for more exciting kinds of bets like the point spreads.
The point spreads (Europeans call it Handicap) are one of the most common types of wagers, with the lines of such wagers being displayed with the plus and minus signs.
For most games, there’s usually a favorite and an underdog.
The favorite gives points to the underdog and is displayed with the minus sign, while the rest/underdog who takes points from the favorite is displayed with the plus sign.
Let’s take a look at the example below.
Pittsburgh Steelers vs. Baltimore Ravens
Point Spread: Steelers (+3) -110; Ravens (-3) -110.
This is an example of a point spread.
The Pittsburgh Steelers have a game at Baltimore against the Ravens (the home team is displayed second).
The Baltimore Ravens, who are favorites, are down 3 points, and placing a wager on the Ravens means they have to win with at least four points to get a payout.
Placing a wager on the Steelers, who have a 3 point advantage, means you get a payout when the Steelers win the game or lose by 1 or 2 points or if the match ends in a tie.
The -110 means you get $100 in profit when you wager $110.
The point spread lines could also come in fractions like the example below.
Pittsburgh Steelers vs. Baltimore Ravens
Point Spread: Steelers (+4.5) -110; Ravens (-4.5) -110.
If you placed a wager on the Steelers, you’d need an outright win or a loss by four points or less, while the Ravens have to win by at least 5 points to get a payout when you place a wager on the team.The Money Lines
With money line bets, you don’t have to worry about points or runs.
You just place your wagers on who you think would win.
It doesn’t matter how many points or runs a team is able to get.
As long as they win, you get a payout.
Best free video poker app for iphone. Money line wagers are also displayed with plus and minus signs, which just signifies the odds.
Odds just tells you how much you can win with a particular wager or how much you need to bet to win the desired amount.
As usual, the favorites are displayed with the minus sign attached to the number, while the underdog has the plus sign attached to its number.
As a newbie, you might find the money lines market a little confusing, but it gets easier once you get the hang of it.
Let’s take a look at this example.
Baltimore Ravens (-200)
The Baltimore Ravens are clearly the favorites with the minus sign. It also means that you would have to wager $200 for a chance to win $100.
Pittsburgh Steelers (+180)
With Pittsburgh Steelers being the underdogs, they have a much larger payout than the Ravens.
The +180 means with a $100 wager, you walk away with an extra $180 in the event that the Steelers beat the Ravens.Totals or Over & Under Betting
The Totals market deals with the number of points scored in a contest.
There are usually options for both teams as well as each team.
Here’s an example.
Baltimore Ravens vs. Pittsburgh Steelers
Over 46.5 points -110; Under 46.5 points -110
In this example, you place wagers on whether the total score would be over 46.5 or under 46.5.
If you believe the total score would be more than 46.5, then you should place your wager on the Over 46.5.
But if you strongly believe that the total score would be less than 46.5, then that’s the option you should bet on.
Baltimore Ravens
Over 25.5 points -110; Under 25.5 points -110
While the previous example shows lines for the total points scored by both teams, this example shows lines of the number of points scored by the Ravens in a match against the Steelers.
The same rules still apply; the only difference is the opposing team’s points, which in this case, the Steelers will not be included.
The Total or Over / Under market is an excellent option for a rookie who wants to start sports betting.
But the bookies who determine these betting lines are really smart, and as you go further, you come to realize how much more challenging these lines can be.
The Over and Under betting can be found in Football, Baseball, Basketball, Tennis, Soccer, and several other Sports.Where to Place Bets
When it comes to where to place bets, there are two main places to place your bets. The physical or land-based sports bookies and the online sports betting websites.
The land-based sports bookies are found in casinos and several other places.
While on the online sports betting websites, all you have to do is create an account, fund it and start placing bets on your favorite sports.
For more convenience, betting online is the best option for many.Conclusion
With this guide on how sports betting works and sports betting basics, you’re sure to take your bets from total novice to a pro.
Let us know your thoughts in our comments section below.
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Sports odds work by offering gamblers the chance to profit if they can correctly guess the outcome of a sports event or predict something that happens in sports. The odds represent the financial contract between the gambler and the bookmaker. The three main ways that sports odds are displayed are known as American odds, fractional odds and decimal odds. These three types of odds look different but represent the same thing: the payout for a winning bet in relation to the amount of money that was bet. Point spreads and over-under bets are other types of sports odds.
Casinos and sportsbooks profit when they have to pay out less than they receive in bets. They also collect a commission — sometimes called the ’juice’ — on certain bet to increase their chances of making a profit. Sports odds typically are set so that the bookmaker can expect equal betting on each side of the bet, which would ensure that the bookmaker would not lose money, no matter what happens in the sports event. If the bookmaker collected juice on each bet, the bookmaker would be guaranteed to profit if the betting on each side was equal.American Odds
One common way for bookmakers in the United States to display sports odds is to show either a plus sign (+) or minus sign (-) followed by a number. Odds with a minus sign represents how much money must be bet on a favorite — the team or competitor that is expected to win — in order to win $100 US Dollars (USD), and odds with a plus sign show how much money would be won if $100 USD was bet on an underdog — a team or competitor that is not expected to win. For example, the odds for betting on a favorite might be displayed as -120, which means that a gambler must bet $120 USD to win $100 USD. The odds for betting on an underdog might be displayed as +115, which means that for a winning bet of $100 USD, the gambler would make $115 USD. In a sports event that has one favorite and one underdog, such as a football game, the number listed in the odds for the favorite is higher than the number in the underdog’s odds, which increases the bookmaker’s chances of making a profit.
Gamblers should be aware that when American odds are used, the total payout for a winning bet is $100 USD more than the number displayed. For example, if a man bet $120 USD on a favorite with -120 odds and won the bet, he would receive a total of $220 USD back from the bookmaker — his original $120 USD bet plus the $100 USD that he won. Likewise, if he won a $100 USD bet on an underdog with +115 odds, he would receive a total of $215 USD back — his $100 USD bet plus the $115 USD he won.
It is not always necessary to bet exactly the amount shown. A gambler might choose to bet much more than $100 USD or want to win more than $100 USD. For example, a woman could bet $3,000 USD on an underdog with +130 odds, and if she won the bet, she would get back a total of $6,900 USD — her original $3,000 USD bet plus $3,900 USD, which is $130 USD for each $100 USD of her bet. Fractional Odds
In the United Kingdom and in horse racing everywhere, odds typically are displayed in fractions, such as 8/5, 3/1 or 10/1. When spoken, these odds are read like ratios, such as ’eight to five,’ ’three to one’ or ’ten to one.’ The first number is the amount of money that can be won on a bet in the amount of the second number. For example, if a gambler won a bet at 3/1 odds, he or she would win $3 USD for every $1 USD that was bet. Like American odds, the payout number does not include the amount of the original bet, which also is returned to the gambler. So a man who won a $250 USD bet at 3/1 odds would receive $1,000 USD back from the bookmaker — his original $250 USD bet plus his $750 USD winnings. Decimal Odds
Unlike American odds and fractional odds, decimal odds show the gambler exactly what the payout will be based on the amount of the bet — the return of the original bet amount is built into the number. As the name implies, decimal odds are expressed in decimals, such as 1.50, 2.50 or 4.25. In these three examples, a winning bet of $200 USD would result in a total payout of $300 USD, $500 USD or $850 USD, which are simply the amount multiplied by the decimal shown in the odds. Decimal odds must be higher than 1.00, or even a winning bet would result in the gambler losing money. This method of displaying sports odds is popular in Canada, continental Europe and Australia. Point Spreads
For a sports event in which a score is kept, gamblers can bet on who will win as well as the margin of victory. Betting on who will win is referred to as a straight-up bet or betting on the moneyline, and betting on the margin of victory is referred to as a point-spread bet. Point spreads are expressed in numbers preceded by minus signs for favorites and plus signs for underdogs, such as -7.5 for a favorite in an American football game and +7.5 for the underdog in the same game.
A bet on a favorite is won when the favorite wins the game by more than the point spread, and a bet on the underdog is won when the underdog wins the game or loses by less than the point spread. For example, if a gambler bet on a team at a point spread of +8 and the team lost by only six points, the gambler would win the bet. On the other hand, if a gambler bet on a team at a point spread of -6 and the team won by only one point, the gambler would lose the bet. Bookmakers typically set the point spread based on both the expected result of the game and what odds will bring in equal betting on both sides.
Point spreads are sometimes listed with odds for the bet, such as -7(-110), -7(11/10) or -7(2.10). All of these odds represent the same bet — a team favored by seven points, with winnings of $11 USD for every $10 USD that is bet. If no odds are displayed with the point spread, it typically is implied that the odds are -110, 11/10 or 2.10. How Does Sportsbook Betting WorkOver-UnderHow Does Football Betting WorkHow Does Virtual Football Betting Work
Another common way to bet on sports event in which a score is kept is the over-under bet, also called betting on the total. In this type of bet, the gambler is betting on the total points scored in the game, regardless of how many points each team scores or which team wins. For example, if the over-under for a basketball game is 180, a gambler could bet the ’over’ and win if more than 180 total points are scored or could bet the ’under’ and win if fewer than 180 total points are scored. Just like point spreads, over-under bets typically are implied at -110, 11/10 or 2.10 odds unless otherwise specified.How Online Betting WorksOther Types of BetsHow Football Sports Betting Worksheet
There are seemingly endless other ways for gamblers to bet on sports. Just a few examples are future bets, in which the bet depends on a result that will take place much later, such as a betting before the season on which team will win the championship; parlays, in which gamblers bet on multiple things and must win all of the bets to receive the payout, usually at very high odds; and proposition bets, in which gamblers bet on very specific results, such as the points scored by a single player or the number of times a certain thing happens in a game. There also are over-under bets that involve things other than the total points scored, such as the combined number of free throws for both teams in a basketball game or the combined number of passing yards for both teams in an American football game.
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