Find Out More About Sports Betting
Any form of betting comes with its own set of risks; however, it is not impossible to make a quick buck now and then, if you fully understand what you are getting into. Here are some common forms of sports betting:
Win:
This is a straightforward wager. Suppose Team A is up against Team B. You would have to place a bet on A defeating B or vice versa.
Point spread:
The point spread is an adjustment that is supposed to make it an even 50/50 bet. This means that each team has the same odds of covering the point spread. The favorite in the bet will give points away, while the underdog will receive points.
It is usually safe to assume that a sports betting line is fairly efficient and that it is a good bet on either side. The way that the point spread is listed, is counter intuitive to most people. The favored team is actually listed with the negative points.
Suppose there is a football game between Team A and Team B, and Team A is listed as A: -3.0 The negative sign indicates that Team A is the favored team and is expected to win, while Team B is the underdog.
Suppose at the end of the game Team A wins with a total score of 21, to Team B's total of 20. Technically, Team A is the winner. However, for betting purposes, you would have to subtract the betting points from the total, i.e. 21-3= 18. So, even if Team A won the game, from the point spread angle, it lost out. On the flipside, if there happened to be a plus sign in front of the team that you bet on, you would get to add that many points to the final score, thereby still giving you a chance of winning the bet.
Parlay:
Parlay betting could seem like an exciting option for some, as it allows one to leverage small money into big wins. It involves selecting a wager anywhere from 2 to 12 different betting options and combining them into a single wager. More selections equal a bigger potential payout. Suppose you place a parlay on teams A, B, and C for $100.
The good news is that if all the 3 teams manage to come on top of the spread, then you would get a final payout of $600. However, even if one of the teams isn't successful in covering the spread, you would lose the parlay bet.
Parlay betters also have the option of placing a progressive parlay. In progressive parlays, you pick anywhere from 4-12 selections and you could lose anywhere from 1-3 picks, but still win your wager. Unlike traditional parlays, progressive parlays are only available for football and basketball spreads.
Any form of betting comes with its own set of risks; however, it is not impossible to make a quick buck now and then, if you fully understand what you are getting into. Here are some common forms of sports betting:
Win:
This is a straightforward wager. Suppose Team A is up against Team B. You would have to place a bet on A defeating B or vice versa.
Point spread:
The point spread is an adjustment that is supposed to make it an even 50/50 bet. This means that each team has the same odds of covering the point spread. The favorite in the bet will give points away, while the underdog will receive points.
It is usually safe to assume that a sports betting line is fairly efficient and that it is a good bet on either side. The way that the point spread is listed, is counter intuitive to most people. The favored team is actually listed with the negative points.
Suppose there is a football game between Team A and Team B, and Team A is listed as A: -3.0 The negative sign indicates that Team A is the favored team and is expected to win, while Team B is the underdog.
Suppose at the end of the game Team A wins with a total score of 21, to Team B's total of 20. Technically, Team A is the winner. However, for betting purposes, you would have to subtract the betting points from the total, i.e. 21-3= 18. So, even if Team A won the game, from the point spread angle, it lost out. On the flipside, if there happened to be a plus sign in front of the team that you bet on, you would get to add that many points to the final score, thereby still giving you a chance of winning the bet.
Parlay:
Parlay betting could seem like an exciting option for some, as it allows one to leverage small money into big wins. It involves selecting a wager anywhere from 2 to 12 different betting options and combining them into a single wager. More selections equal a bigger potential payout. Suppose you place a parlay on teams A, B, and C for $100.
The good news is that if all the 3 teams manage to come on top of the spread, then you would get a final payout of $600. However, even if one of the teams isn't successful in covering the spread, you would lose the parlay bet.
Parlay betters also have the option of placing a progressive parlay. In progressive parlays, you pick anywhere from 4-12 selections and you could lose anywhere from 1-3 picks, but still win your wager. Unlike traditional parlays, progressive parlays are only available for football and basketball spreads.
