Sports betting is one of the most common types of gambling today. It became really popular in the last couple of decades for two reasons. The first reason for it is, of course, to make some extra money. The second one is the thrill that surrounds the game itself that could leave you very disappointed or ecstatic, depending on the result. According to some, predicting results in sports games is nearly impossible, especially in sport as we can see it today. Mainly because of its highly competitive teams.
Remember, sport is one of the biggest industries in today’s world, it has a perfect sense that it constantly evolves into something better than it was in the past. The biggest teams are becoming more richer and stronger. At the same time, smaller clubs are growing in the process. We don’t agree with this statement completely, because, in its core, this is a pretty simple set of actions that can be predicted if you know what you are doing. The first thing you need to understand about gambling on sports is how the bets are placed, and all types of the best you can make.
The second thing you need to do is to find either a local or an online sportsbook, like Sbobet, where you can place some bets. On the other hand, if you are not a fan of gambling itself, you can choose an option to play some fantasy sports that are pretty similar to online gambling on sports. However, the moment you feel the whole grasp of the fundamentals you need to have in order to place a successful bet, you are on your way to becoming a really successful sports gambling. This is without a doubt. There is a road that you need to overcome in order to become one.
That’s why we’ve decided to write this article. We would like you to show you the ropes of sports gambling. Without further ado, we are going to start with the first segment of our article.
Underdogs vs. Favorites
When you are introduced to the odds made by the oddsmakers for a particular game, the first thing you are about to see is that one team or competitor is a favorite and the other one is an underdog. When a team or a competitor is a favorite means that it is expected to win the game, while the other team is expected to lose. That doesn’t mean that this is the most expected outcome. You need to be smarter than that. You need to take a look at their previous results, form, league rank, etc. By combining several of these you are going to be able to come up with some kind of bet you are going to place.
There are two ways you can bet on an underdog or a favorite. The first of these is the point spread. This is based on which one of these teams will cover. To say it as simple as possible, an underdog gets points, and the favorite gives points. We are going to present you with an example. Let’s say that the Patriots are 7-point favorites against the Jets. This means that Patriots are favorites to win the game by 7 points. To be more precise, Patriots need to win against Jets by 8 or more points in order for you to win some money.
If the final result is 7 points, then you need to push. This means that you are going to get back the money you put on this bet. If they win by less than 6 points, you are going to lose your money. The second thing you can do is that you can choose a flip option. This means that if either of those teams wins by 7 points, you are going to win your bet. Spreads are available to choose for betting on any sport, but they are used mostly in basketball and football.
The next way you can choose in sports betting when it comes to betting on an underdog or a favorite is on the moneyline. This type of betting is based on the simplest possible outcome, either of these teams will win or it will be a draw. When it comes to the designations, favorites are assigned with a minus, like -500, -200, or -100. For example, this means that if you are betting on a favorite who is assigned with a -200, you will risk $200 in order to win $100. If the favorite wins, you will win $100, and if your team loses, you are going to lose -$200.
When it comes to the underdogs, they are assigned with the plus mark. The principle is the same as with the favorites. If you bet $100 on an underdog and it wins the game, you are going to receive $200. But if they lose, you are going to lose $100. Because underdogs are expected to lose the game, you are going to lose just the money you originally invested. Moneylines are predominantly used in football, baseball, and hockey, but they are available in many other sports.
In the end, we would like to introduce something that is called Overs/Unders. This is an odd that is based on the points that are scored by the teams. For example, the oddsmaker will set the boundary in a match between Boston Celtics and LA Lakers. The total amount of points is going to be either over or under 190 points. So, betters can choose either of those two types of betting. If you bet over 190, you will win the bet. On the other hand, you will lose your bet.
The Bottom Line
We’ve reached the end of our article, where we introduced you to the basic types of odds you can make while sports betting. Now, you can start your fun journey.