The long-standing anti-gambling stigma in American popular culture eroded fast, paving the way for the vast, billion-dollar legal sports betting market to emerge.
Sports Betting Basics: 5 Important Tips
As sports betting becomes legal in a number of jurisdictions, millions of sports fans will be eager to try their hand at betting for the first time. However, where do you start if you don’t know what you’re talking about?
1. Favorite dan Underdogs
The first thing oddsmakers do when they announce a betting line for a game is choosing which team should become the favorite and which will be the underdog.
The favorite is the team that is expected to win the game and is represented by a minus sign, whilst the underdog is expected to lose and is represented by a symbol. If the game is a toss-up, the book will start with the words “pick” or “pick em.”
In one of 2 ways, you can bet on a favorite or an underdog. The first is a bet on the victory margin, also known as the point spread.
Assume the Patriots are a 7-point underdog against the Jets. They’d be a minus 7 rank.
The Patriots should win by at least eight points to win a bet on them. If the Patriots win by at least eight points, you’ve “covered.” A “push” occurs when the Patriots win by exactly 7 points, meaning you get your money back.
Whereas if the Patriots win by less than six, you lose your wager. However, if you bet on the Jets “plus the points” (+7), you must win (or cover) your bet if the Jets win by 6 points or less.
The second method to bet on a favorite or underdog is to use the money line. The payment is determined using American odds and is based purely on which club will win the game.
Favorites are given a “minus” label like -150, -200, or -500 once more. When a favorite is -200, you’ll have to bet $200 to win $100. If the favorite wins, you will receive $100, but if the favorite loses, you will lose $200. Since favorites are supposed to win, betting on them carries a higher risk.
Underdogs are given a “plus” number, such as +150, +200, or +500. If you bet $100 on an underdog and they win, you will receive $200 if you bet $200 on them. If they lose the game, you simply lose the $100 you put on the line. Because underdogs are supposed to lose, betting on them yields a higher return.
Moneylines are accessible for all sports, although they’re most popular in lower-scoring games like baseball, hockey, and soccer.
4. Total (Over/Unders)
Oddsmakers will set a total amount of points scored in a game from both players combined in addition to a line for the favorite and underdog. The total is also known as the over/under in sports betting knowledge.
After then, bettors can bet on whether the game will finish Over or Under the total.
An NBA game between both the Celtics and the Bulls, for instance, could have a total of 215. You have the option of betting about Over 215 or Under 215 total. If the total points scored after you bet the Over 215 line are 216 or more, you win your wager. If your points total is 214 or less, you lose. This is how to understand sports betting over/under.
5. How to Place A Bet
Players have never had more options than they do now that legalized sports betting is becoming more widespread in the United States.
Mobile betting is legal in Colorado, New Jersey, Pennsylvania, Indiana, and West Virginia, among other states.
In the end, what are five sports betting basics that you can figure out before placing your bet? Remember to always choose the right Judi slot online sites.