How to Get Started With Sports Betting

Sports betting is simply placing a wager on a sporting event. You are betting that your team, horse, dog, or driver will win. If they do win, so do you! If they lose, you lose your bet amount. Sports betting takes place all over the world, though in the United States this type of betting is not as highly accepted as it is in Europe.

Online sports betting is probably the best option for those who are interesting in trying it for the first time. If you have never tried online sports betting, you are missing so much fun and excitement, and it can all happen in the comfortable surroundings of your home! The art of sports betting can seem confusing at first, but once you are familiar with some of the jargon that is used to explain the concepts and logic behind each type of bet, it is all much easier to understand.

One of the best ways for you to experience this engaging way to bet on your favourite racing and sporting events is to get acquainted with online sports betting. However, in order to best take advantage of all that sports betting has to offer, you need to know a little more about it.

Sports Betting – The Odds

How does online sports betting work? You should start by studying the odds for the sporting event you are most interested in placing a wager upon. When using online sports betting, you can find these odds in the various online sports books used by Internet gamers everywhere. You must open an account with an online sports book before you can place your bet, but this is simple to do.

Once you have chosen where you are going to do your sports betting, you need to decide how you are going to place your bet. There are many different ways for you to wager your chosen amount of money, but first, let’s talk about the spread and how it can affect the amount you bet.

Sports Betting – The Spread

The spread is a point advantage in sports betting, which is usually given to the team that is generally expected to lose a particular sporting event. If you decide that you will bet on the team that is expected to win, they will have to win by more than the spread number and cover the spread before you are considered to have chosen correctly. If you choose the team that is expected to lose, that team will have to lose by less than the spread number in order for your pick to be considered correct. If by chance the team wins by the number of points that were chosen as the spread, the game is called a push.

No one who engages in sports betting wins a thing if a game is called as a push, but you do get the amount of your original bet back. The point spread is done in order to make the all of the bets come out even for the sports book, and is usually done for sports such as basketball or football.

Sports Betting – The Bet

If you were to bet against the spread, most likely you would place a type of bet called an 11-10, or spread bet. By betting $11, you win $10 if your team’s score covers the spread. This is another way that the online sports book makes its money.

An over-under bet is also an 11-10 bet. With this type of bet, the total score of the two teams that played will be either over or under the total score that was listed before the game was played. Betting on the score being over is called ‘betting on the ball’. Betting on the score being under is called ‘betting on the clock’.

A proposition bet is a type of bet where the online sports book chooses what the odds and the conditions of the bet are going to be. This type of bet can be most interesting, even a little fun at times, for the conditions can be as unusual as which of two football teams will make the most touchdowns, which of two basketball teams will score the most three pointers, or even which individual player will make a certain move for the team. The odds for this kind of bet are sometimes 11-10, but can be better or worse depending on the circumstances.

A parlay bet happens when you are betting on more than one event, usually three. This type of bet gives you a much higher payout if you should win, but the catch is that all the events you bet on will have to win. If even one of them loses, they all lose, and you lose the amount that you bet.

A money line bet seems rather formidable, especially to someone who is just getting into online sports betting, but it is really one of the simplest bets of all. It is also called a Straight Up bet, and there is no point spread to consider. You will just choose your sport, and then the team you think will be either the underdog or the favourite. In a money line bet, the sports book will have numbers listed that are in the hundreds, with either a plus or a minus sign beside them. These numbers are considered the ‘money line’, and are the multipliers for the bets.

If the money line for your team is listed as 100, you will make an even bet. This means you will wager the same amount that you will get back. If the money line reads -110, then you must come up with the amount of money you have decided to bet, plus 10%. This extra 10% is known by the name of ‘juice’. If the money line for your team is listed as +110, then you simply place your bet with the amount you choose to bet. If you win a money line bet, you get the amount of your bet plus 10% back. For example, if you bet $10.00 and $1.00 in juice on a -110 money line and it wins, you get $21. 00.

A teaser bet in sports betting is actually a proposition bet that allows you to change the odds for the bet in either direction so that the wager is in your favour. You can go up or down in points, and must choose at least two teams, as is done in a parlay bet. You can have as many as 6 separate teams included on a teaser bet, but all of the teams chosen have to win in order for your bet to be declared a winning one. Once the games are over, the points from the teaser bet are added or subtracted from the final scores. The odds for teaser bets can be different each time, so it is a good plan to always check the sports book before placing your bet.

A tip to remember is that generally, when placing a wager on any sport that can finish with a high score, such as football, you will have a spread. Sports where the ending score is low, such as in baseball will have a money line. Remember also that favourable odds on a game can sometimes work in your favour. Online sports betting allows you to easily go from sports book to sports book to find the best odds.

Make Money Making Sports Bets

We’ve all heard of the guy who bet on the underdog team in the Superbowl and walked away with thousands of dollars, or the friend of a friend who knows a guy that can hook you up with a Filipino cock fight next weekend.

If you’re a sports fan, it’s a pretty safe assumption to say you know that betting, both legal and illegal, takes place on practically every professional game and many college games.

Simply placing a bet can be a confusing affair — sports books have their own lingo, and the systems vary. Figuring out how to bet well enough to make some money is another matter entirely. How are the odds determined? Who sets the line? What percentage of the time do you need to win to break even?

In this article I’ll make you familiar with the lingo in the world of betting and odds making and show you how one of the world’s favorite pastimes can earn you a lot of money when you know what you are doing.

Sports Betting Basics

Different sports have different systems for oddsmaking and betting. There are even different systems for the same sport, depending on what kind of game the bettor wants to play. But to understand any of these systems, you first have to understand the jargon.

Action – Action is simply betting activity. Phrases such as “I want in on the action” or “Show me where the action is” come from this term. Since betting on sports is illegal in many places, you can’t always look up your local bookie in the phone book.

Handicap – In sports betting, “to handicap” is to give one team a points advantage in order to level the betting field.

Sportsbook – An establishment that takes bets, also known as a book. An individual who takes bets is a bookie.

Juice – This is the percentage of all bets taken by the bookie as profit. The juice is also known as the vig, short for vigorish. Sometimes bookies take a straight percentage of the handle, but more often the vig is figured into the odds

Handle – The handle is the total amount of money wagered on bets. Super Bowl betting generates the biggest handle of the year for most bookies.

The spread – The point spread is used in high-scoring sports like football and basketball. It is basically a handicap used to make all games competitive in the eyes of bettors. The spread gives one team an advantage of a few points. Standard notation for the point spread shows the favored team first, followed by a negative number (the actual spread). The home team is shown in capital letters.

You can make sports bets on football, soccer, baseball, basketball…well pretty much any sporting event on the planet and you can make a lot of money from it, if you do it the right way. If you’ve ever wanted to place a bet yourself, but weren’t really sure on if it was worth the risk, you have come to the right place. Gambling in its very definitely means someone has to win and someone has to lose. What if you could find a way to tip the balance and be on the winning side with almost every single bet you make.

Sports betting systems are proven ways to help increase the odds of winning when betting in sports. Professional bettors and handicappers have designed these systems to allow us amateur bettors to learn the inside tricks and trades that they use to be so successful in sports betting.

Sports betting systems refers to a set of events that when combined for a particular game for a particular sport represents a profitable betting scenario. Since sports betting involves humans, there is no deterministic edge to the house or the gambler. The systems allow the you the gambler to have an edge.

Illegal Sports Gambling Is Big Business! Will It Finally Become Legal? Supreme Court to Decide

No matter what sports season we’re in, you probably have a favorite sport you relish following. Maybe March madness college basketball, the NFL, baseball, hockey, golf, or soccer. Perhaps you would like to make a little bet, but many sports fans in the United States are leery of the legitimacy and legality of internet gambling. If you live in the United States, your legal sports betting options at brick and mortar casinos are limited to Nevada, and to some degree at Delaware racetracks.

The Supreme Court has heard arguments on a New Jersey challenge which would permit sports gambling at its casinos and racetracks. If the court rules in favor of New Jersey, Gaming experts predict that most states will jump on the bandwagon to legalization, in order to fill state coffers with tax revenue.

If you’re unfamiliar with the particulars of how to bet on sports, the following describes how it all works:

Sports Betting Jargon

Before we get into the specifics, here’s a little jargon explanation to help you understand the process:

  • Action – A term for all the betting activity that happens during an event.
  • Handle – The total amount of money wagered on events.
  • Spread – Giving one of the two teams points to even out the betting action.
  • Sports Books – Establishments that take bets on sporting events.
  • Juice – A percentage of the win taken from a bettor that won an even money bet. Sometimes called the vig, which is short for vigorish.

Types of Bets

There are many different types of bets. By far, football draws the most action with the biggest handle. The Super Bowl alone draws over $100 million in legal betting activity, and over three billion (that’s billion with a B!) illegal wagers. Now you see why states want a piece of the action.

  • Even Money Bets – Players betting on only one team to beat another. The sports book takes the juice/vig from the winning payout amount. A common vig is $11 for $10. (Bettor wages $11, wins $10.) House keeps $1. Most bets will have a point spread (line). If the player is picking the underdog, S/he will take points. If the bettor is picking the favorite, S/he is laying (giving) points.
  • Parlay Bets – Betting on multiple (two or more) teams to win. Here’s a scenario on a point spread ticket. Let’s assume that on event #1, Tampa Bay is playing at Green Bay with GB favored to win by at least 3 points. In event #2, Buffalo is playing at Miami and BUF is expected to win by at least 7 points. Your game ticket would look something like this:

Event Visitor Vs Home

1. TB GB. -3

2 BUF. -7 MIA

This means that if you bet on GB they must win by more than 3 points. A bet on BUF would require them to win by more than 7 points. By choosing the favorites you are laying (giving) points. If you were to put your money on GB and MIA, you would be taking (receiving) the points.

One way to eliminate confusion is to jot down a spread score before the games start. for example on this ticket:

The score before the game starts is:

  1. TB 3 GB 0
  2. MIA 7 BUF 0

When the games are over just give the points to the underdogs. In most jurisdictions, ties lose for the player. In other jurisdictions the prize payout for one tie is reduced to the next lowest payout factor. A common play in casinos is a four team pick for 10X the bet.Bet $10, win $100, but you can wager from two to twelve games. The more games you play, the higher the winning payouts.

  • Over/Under – One scenario is betting that the final score ill be over or under a certain number a preset number.
  • Prop Bets – A proposition bet is where you predict the outcome of a preset number of props on a single ticket. Example: Total field goals over/under 4. Total interceptions over/under 3. Total sacks over/under 2. Total receiving yards, total yards, and the list goes on and on.

If you visit Vegas or other jurisdictions that permit sports gambling, Good Luck!