Betting is performed through Sportsbooks (US) or Bookmakers (UK) entities that accept bets. You may bet on the outcome of several sports, for example; Baseball betting, Basketball betting, Football betting, Tennis betting, Hockey betting, Snooker and Soccer betting games.
To place a sport bet, you go to a sportsbook, physical or online. You may also bet over the telephone with many sportsbooks. Be aware that a sports book or sportsbook isn’t the exact same as an oddsmaker. The sportsbook simply accepts sports bets. An oddsmaker is someone who sets the sports betting odds.
You need to state what you are betting on by making a selection, the type of bet as well as the amount you are wagering. Your selection will obviously depend upon the odds offered, so you will need to examine the selection of odds available before you make a decision.
There are plenty of kinds of bets you can place. Some sportsbooks may offer more betting varieties and combinations than others. Below is a list of the better common types of bets.
This really is the simplest and most frequent bet. You bet on a winner at given odds.
This bet lets you bet on a winner from two selections who have been made equal by allocating appropriate points to the underdog team. The Point Spread will be the range of points allocated and is shown with a + sign for the favorite and a – sign for the underdog. The favorite has to win by more than the Point Spread that you should win; otherwise you lose your bet even if the team wins. Inversely, if you bet for the underdog, that team has to lose by less than the Point Spread that you can win. Should the favorite wins through the exact Point Spread, then it really is a push or perhaps a tie. You get your bet back. To eliminate a tie result, the oddsmakers sometimes include a half point spread. Since scores use full numbers only, one team must win outright.
Additionally, to buy Main factors. Move the Point Spread favorably at a price.
This establishes the odds for each team but inversely proportional to what might have been a Point Spread, and is indicated by a + for the underdog and a – sign for the favorite. Say team A is favorite and quoted at -180 and B will be the underdog at + 120. The bets offered will be 10:18 odds-on for the favorite, and 12:10 for the underdog. For every $180 you bet on A you would win $100 or lose $180, but for every $100 you bet on B you would win $120 or lose $100.
A bet for the number of points scored in the game by both teams combined, including points scored in overtime.
A bet that the combined range of points scored by the two teams within the game will be Over or Under the total set through the oddsmaker.
A multiple bet. A kind of ‘let-it-ride’ bet. Making simultaneous selections on two or more games with the intent of pressing the winnings of the very first win on the bet of the next game selected, inquiry and so forth. All of the selections made must win for you to win the parlay. If a game is a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won.
It’s like a parlay, but with the choice to add or subtract points (called ‘moving the line’) from one or more Spread bets. When betting a teaser additional points are either added to the underdog or subtracted from the favorite. The odds vary according to the range of points the spread is moved and also the number of teams combined to form the teaser. As in the parlay, all selections must win for the teaser to win. Teasers odds are often worse than the parlays.