Sports betting has been around for centuries and has grownin popularity in the recent years due to technology. Now you can place a bet
online with your favourite sports book, or make a selection on your cell phone
- all these at the comfort of your own home. Sports betting has never been
easier in the history of mankind to bet on sports.
Sports wagering can definitely provide extreme fun andexcitement to those passionate about sports as well as the serious bettors
finding a way to make smart money.
Before one embarks on sports betting, it would be wise tounderstand the basic of sports betting.
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In this article you will learn the 8 basic terms anddefinitions commonly used in betting on sports.
1. Straight Bets
A straight bet is the most common bet. This is where youwager on a single side to win. Straight bets can be made using either the point
spread or the money line or the game total to go over or under.
The format of line will vary depending on the sport that youare betting on.
2. Parlays
A parlay is a bet with two or more teams (events) in whichall teams must win. Since it is harder to predict multiple events than it is
for a single event, the payout odds increases as the number of included events
increases.
3. Teasers
A teaser is a special type of parlay in sports betting inwhich you adjust the point spread or total of each individual play.
Additional points are either either added to the underdog orsubtracted from the favorite. The price of moving the point spread (teasing) is
lower payout odds for winning the teaser wagers.
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4. Props
In sports betting, a prop is a special wager offered by thesports book on unique and various topics. These wagers can be on sporting
events, politics, and even trial outcomes.
The wagers use the money line format of pay off odds andmight included for example who scores the first touchdown in the super bowl, or
who will win the next presidential election, or whether or not O. J. will be
found guilty.
5. Futures
In sports betting, futures odds are posted in advance on thewinners (a team or a player) of various major events or tournaments at the
start of a season.
The odds will change as the season or tournament progressesand it will change according to each team's performance in the series. However
the odds at the time of your wager will remain in effect.
6. Total (over/under)
In sports betting, a total wager is to bet on the combinednumber of runs, points or goals scored by both teams during the game, including
the overtime.
You can bet Over - In sports betting the over is a sportsbet in which the bettor guesses that the combined point total of two teams will
be above a specified total.
Or you can bet Under - When it comes to sports betting aunder is a wager in which the bettor guesses that the total points scored by
two teams will be under a certain number.
7. Point Spread
In sports betting this is the predicted scoring differentialbetween two teams as quoted by a sports book. A "line" is set for
each game by the odds makers. Favorites will have a - (minus) sign followed by
a number, while the underdogs will have a + (plus), followed by a number.
Here's an example NFL line:
Chicago + 7
Baltimore -7
Baltimore is the favorite and must win by 8 points or moreto win. If they win by exactly 7 points, the game is a "push" or tie,
and you get the amount of your bet back. If Baltimore wins by 6 points or less,
or loses the game, then those that bet on Chicago will win the money.
A lot of times you'll see a 1/2 point, for example Baltimoreis -7 1/2 points. This eliminates "pushes" since a team can't score
1/2 a point.
Sometimes you'll see games where the spread is"Pick" or "PK". That means the line is 0 and no points are
in effect...just pick the winner. Point spread bets can be either
"straight" or "parlay" bets.
8. Money Lines
In sports betting, they are odds expressed in terms ofmoney. With money odds, whenever there is a minus (-) you lay that amount to
win a hundred dollars, where there is a plus (+) you get that amount for every
hundred dollars wagered. The minus sign is for the favorites while the plus
sign is for the underdog.
Well, I hope this article will offer some basic insight andunderstanding and may perhaps provide some help to your sports betting.
Towards your consistent winning on sports betting! Learn more
