Terms You Need to Understand Before Playing Sports Betting
Over the last four years, sports betting has gone from shadow to mainstream. The decades-old anti-gambling stigma has rapidly declined in American popular culture, opening the door to the emergence of a multi-billion dollar, large-scale, legitimate sports betting industry.
With agen bola legalized in many states, millions of sports fans will want to enter the betting market for the first time. How should you start if you’re not familiar with these terms?
There are two ways to bet on your favorites or the weak. Point spreads are adjusted for teamwork and many other factors. For this reason, Colts are an 8-point favorite in the fight against the low-level Texans. The Eagles is a minor favorite in the fight against the Lions. The spread is available in all sports but is most common in high-scoring sports such as basketball and soccer.
Over and Under
The odds maker sets the favorite and underdog lines and the total number of points earned in the combined game of both teams. This is called total or over/under. The bettor can then bet whether the game will be above or below the total.
Favorite Vs. Underdog
When odds makers open the game’s betting line, the first thing they do is determine which team is their favorite and which is the weak. Favorites are teams that are more likely to win the game and have a minus sign next to the odds. The weak are expected to lose and get a plus sign.
The second way to bet on your favorites and underdogs is with the money line. With Moneyline Bet, all you have to do is pick the winner of the game and use American odds to calculate your payout. So if you bet on -200 favorites, you risk $ 200 to win $ 100 or a portion of it. $ 20 to earn $ 10, $ 2 to earn $ 1, and so on. May you beat the weak?
This is called juice and how sports bettors have the edge over other bettors. Money lines are available in all sports but are primarily used when betting on low-scoring sports such as baseball, hockey, and soccer.
You have the final say about the risk of playing the game, but as a rule of thumb, you should only risk what you can afford to lose. Sports betting is a marathon, not a sprint. There are good days and bad days. For this reason, we recommend the flat betting approach.