Sports betting can be a lucrative endeavor for the hard-working and committed. But like any activity, this requires practice and learning the ins and outs of the business. If you’re a newbie in sports betting, the list below will help you ease into this field.
Underdogs vs favorites
The moment oddsmakers release an opening for a game, they also include their opinion on which team should be the favorite and which one is the underdog. The favorite is usually the team that is expected to win during the season and the underdog is the team that’s expected to lose. But if the game is called a toss-up, then the books will usually open it as either a “pick.”
There are two common ways to bet on an underdog or a favorite. The first one is called the point spread and this is based upon which team will be covering. The favorite usually provides the points while the underdog receives it. Let’s say the Dolphins are favorites by 7-point against the Weavers. If you’re going to bet on the Dolphins then they need 8 points and more in order for you to win the bet. If the Dolphins win the game by 8 points then you cover. If, however, they win by 7 points, then you get your money back. If they win by 6 points or fewer then you lose your bet.
Another way to bet on either the favorite or the underdog is through Moneyline. This is simply based on which team wins the game. Most of the time the favorites are assigned a minus designation like -150 or -500. If the favorite is at -200 then that means you will have to risk $200 in order to win $100. And if the favorite wins the game, you get $100. And because the favorites are usually the ones expected to win, you have to take on more risk if you bet on them.
Underdogs are assigned a plus designation. If a team that’s labeled an underdog has a +200 then betting $100 on them and they win, you receive $200. And if they lose, you only stand to lose your initial $100 bet.
Over and under
As well as setting the line for the underdog and favorites, oddsmakers will also set the total amount of points scored for any game. This is referred to as over/under. Based on this betters can wager on whether a game will go over or under the total. This can be done in any sports, even including 스포츠티비(Sports TV).
How to place a bet
There are two options for placing a bet on sports. You can either place one to a sportsbook or casino in, say, Las Vegas. Or you can go the online route and create an account using an offshore sportsbook.
These numbers are what’s listed left of a team on the ledger board. They are also called the Vegas ID or NSS Number. Rotation numbers are unique to each team, sport, and league, as well as universal in most sportsbooks.