Whether you are a sports fanatic or not, you must have come across this phrase; sports betting. It’s the new craze in the sports world. This form of gambling has cut across the whole world. But what exactly is sport betting? This can be loosely defined as an activity that involves sports results prediction and laying wagers on the purported outcome. Since its inception sports betting has become a major activity especially on sports such as soccer, hockey and baseball among others. |
Types of Sports Bets
Sports’ betting is done through a bookie or via different online platforms. Here is a look at the major types of sports betting.
This is one of the most common forms of sport betting. Here, wagers are placed against the spread. What’s a spread? You may be asking; Well, also referred to as a line this is a number settled upon by the bookie designers. What this line does is that it weakens one team while favoring the other. This works by making one of the competing teams appear as if its winning chances are higher than that of the opponent. This bookie gives each team points. In order to come up with the spread winner, the line is added or subtracted from the team’s final scores. The Asian Handicap is one major form of this type of betting.
The Money Line
Here, the focus is purely on wins and the losses, this makes it very simple. Unlike in spread betting where your favorite team can win and you still end up losing your bet, money line bets are much easier. A win from your team is a guarantee win for you. The only disadvantage of this type of betting is that it can be a bit expensive. Take for example, in order to win $200 for the win of your favorite team; you might be required to place a wager of about $210. On the other hand, to win $1000 you might be required to part with $700.
In this form of betting, the bettor is required to place his wager on at least two teams. Some bookies allow bettors to place wagers on up to 10 or even more teams. This sounds complicated but the rules are very simple, your selected parlay must win for you to win. You might consider backing up your bet with a word of prayer because a loss from one team means you lose!
The Total-Based Bets
This is considered one of the easiest forms of sports betting. With total bets, you are only required to state whether a certain game’s total end result will be over or under the given scores. Take for instance, in the basketball games; the highs are rated at 210 and lows of 170. While betting you are only required to decide on the over or under.
Teasers are closely related to the parlays. The only main difference is that here, you are allowed to make adjustments during the game. Just like in parlays, all teams have to win for you to win!
Also known as prop betting, this is the most specific form of betting. It involves placing wagers on concise outcomes. You bet on a certain number of scores, points or even the rebounds. The super bowl is famous for offering this type of betting opportunities.
Head To Head Bets
Head to head bets require the bettor to predict results of the two competing teams as opposed to the overall outcome. The team that finishes the competition at a high position helps declare the winner.
As the name goes, these are based on an 'if clause. If the first section goes through successfully, then it opens up a room for another proposition and so on.
Live Sport Betting
This is one of the most recent forms of betting. This is a platform that allows you to place bets as a match progresses. Wagers can be placed at the start or during the different halves. This is also known as in play betting.
Tips on Successful Sports Betting
Investors view sports betting as an investment opportunity. Ideally, they do make money whether bettors win or not. This begs the question, how then can a bettor make the most out of sports betting. Please read on...
Learn To Track Your Previous Wagers
Whether you win or not, it is prudent to make a simple registry. This could be an excel worksheet on your computer or a simple note book. The importance of these records is that they help you re-evaluate your betting history. It helps you know what you are good at as well as give you insights on areas that you need to work on.
Don’t Chase Previous Bets
This is a huge temptation. Bettors will more often than not find themselves in a rush to chase their bets. This is so especially after a lost wager. Take for instance, you lost the 6.00pm game but checking through your smartphone, you realize there are more lines for the 9.00pm game. The temptation is real, right? Experts advise taking a deep breath before falling victim. The best thing to do is to wait for the following day to start something new.
Don’t Just Bet For The Sake Of It
You just realized that everyone’s adrenaline is thumping up because of an ongoing match. Or maybe you just walked into your favorite hang-out joint only to find it packed to capacity, everyone’s awaiting today’s match and you are like, boom! I have to bet. Take it easy...the truth is there might be a whole lot of better matches to place wagers on. These life-saving opportunities might not be on live broadcasting. Fish for them. Take your time, don’t just place your bet because of the craze associated with a given face off.
Learn Flow to Manage Your Money; Properly
What most people may not know is that profitable betting has everything to do with a sober mind. Yes, it’s only then that you can place a bet against your favorite team, not because you changed loyalty, but because you can clearly see that its winning chances are very limited. Do your calculations, what do you stand to lose and what are the chances of both outcomes.
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