Sports Betting 101

Sports betting is a very challenging type of betting-and gambling, and besides its apparently seeming lack of strategy and absolute reliance on any knowledge of the event, the truth is, good sports betting actually relies on a huge amount of strategy which is required to win. (Sports betting systems).  The biggest and most iimportant methods include a close analysis of the information upon which a sound judgment must be based and after which the bet must be placed. A winning strategy takes a few salient factors into account which are:

1. The amount of the bid

2. The kind of bet

3. The odds on offer

Sportsbooks in the US and Bookmakers in UK are entities that accept sports bets. The bets are placed by betting on the end result of many sporting events like Baseball, Snooker, Basketball, Hockey, Soccer, Football, Tennis and hundreds of athletic or sports activities.  Two of the most basic definitions in sports betting are: a sportsbook is the one that accepts the sports bet. An oddsmaker is the one that sets the odds of the bet.

 

Betting the Odds

Before placing a bet, you must first select the type of bet you will make and the amount of money you will wager for it. This decision will be made upon the odds that are currently being offered. Before placing any bets, carefully study the range of available odds.

 

For the bet to be worthwile, the odds should be in a ratio of at least 2:1. Remember to take into account the factor of the amount being given by way of commission to the sports-book. This should ideally be a small percentage of the total value of the odds.

 

Below is a list of the most common kinds of bets:

1. Single or Straight Bet: This is betting in its most basic form and allows you to the option of betting at given odds, upon a winner.

2. Point Spread: By betting this type of bet, you can bet on one of two selections that have been equated through the allocation of suitable points. In the Point Spread, the number of allocated points are presented with a + sign for the favorable side and a – sign for the underdog. The better wins when the favored team must win by more than the Point Spread. On the other side, if a bet has been placed on the underdog, that team has to lose by less than the Point Spread for the better to win.

3. Buy Points: This bet involves moving the Point Spread positively, by paying a price.

4. The Moneyline: This kind of bet is simply on who will win. It establishes the odds for each side but is the opposite of the Point Spread, with a – sign standing for the favorite and the + sign for the underdog.

5. Total Bet: This is similar to  point spread bets, only in that the better bets on the total points scored.

6. Over/ Under: This bet takes into consideration the number of points scored by the teams in any game will be beyond/ over OR below/ under the total set by the oddsmaker.

7. Parlay of Accumulator: This type of bet is a way of betting on multiple sporting events in the hopes that will pay off big if all win. The picks made are in relation to the point spread. If just one event does not win or draw, the better loses the entire bet. This type of bet can generate huge amounts of money, in the event of a win.

8. Teaser: A teaser is similar to a parlay, however it has the option of adding or taking off points from one or more than one Spread bets. The odds depend upon the number of points the spread is moved as well as the number of teams that are combined to form the teaser.

9. Futures: This type of bet is on who will win the championship if there are more than two possible teams to bet on. Substantial variations between sportbooks exist in house edge on futures.

10. Buying Half a Point: With this kind of bet, the straight bet player has the option of moving the point spread half point to his advantage. The most appropriate time to buy a half point is when one team is favored by 2.5, 3, 6.5 or 7 in football. This is primarily due to the fact that several games end in a 3 or 7 point difference. The extra half point may end up turning a loss to a draw or a draw to a win.

 

Of all these types of bets, three types of bets are prominent and must be used for the simple reason that they are simple themselves, are easy to win and have a good chance of winning. These are the Straight bet, the Doubles and the Future.

 

Here are a some great Betting tips that will help you to place the Best Bets and push you towards a big win, they are:

1. When placing a bet, always do an intelligent analysis of the odds and the offer of the bet.

2. For a simple bet, stick to the Straight bet because it is non-complicated and has good winning prospects.

3. Bet smart by keeping your selections limited. Also, limit the amount of influence in your betting.  If you are a fan of a team try to limit the effect of that favoritism when betting.

4. One of the highest paying bets is the ‘Future’ bet but only if you know a lot about the sport being played and about the players.

5. By betting regularly though systematically and in an analytical manner, you can improve your judging ability.

6. Do not bet with your winnings immediately. If you do not follow the standard rule of 50%, at least put some of your winnings back into your pocket.

7. Make sure your sportsbook is a member of a known Gambling Association, is known for quick payment and is easily accessible. Consider carefully about matters pertaining to disputes.

8. Find value odds and train yourself to see them – you will become incredibly efficient at this soon, with practice and time.

9. If deciding between two seemingly equivalent choices, trust your judgment and not that of those who have bet before you.  In doing so, choose a selection with a little higher risk so as to hike up the winnings.

10. Bet on games and leagues where the sportsbook’s commission is the least.  This is often in the sport or sports with which that sportsbook does most of its business, and is most likely the most efficient in that area.

 

Hopefully you have a better grasp of the sports betting industry.  Now, you may want to consider using a sport betting handicap.  You can read a review on one of the best handicaps on the web right here: Champ Selections review