Like with any other things in life, it is very important that you are knowledgeable about the things you do in order to make a right decision. In sports betting, the basic key to be a successful bettor is to have a sufficient knowledge about the game and betting rules itself. Any professional expert of online betting would surely agree with this statement. Knowledge is a power. The more educated you are in the sports game you are into, the more edge you have on winning a particular game. Other factors like sufficient money management or using a verified betting system are important as well but give only smaller impact on your betting success. Among the basic knowledge of sports betting is knowing how to shop for the best sports betting odds to get the best sports betting options and to be able to act quickly and accurately before the odds change. Sports betting odds are actually numbers. It is set by the sportsbook according to different factors that might also change if there are too many bettors laying wagers on one team. The Point Spread, Moneyline and the Totals are basically the most common type of sports betting odds you may see. And here’s how they actually looks like:
102 Team A +200
103 Team B -5 -10 -150
The first number you see (102, 103) shows the registration number which is used to make your betting process simpler and eliminate errors. The name of the team follows, which in our illustration name as Team A and Team B.
Here, the Team B is the favorite or the team which is likely to win the game because of its negative sign indicated after the team’s name. Team B is predicted to beat Team A with 5 points. These are called the point spreads where you can choose to bet in two different ways:
1. Team A wins / loses with a difference smaller than 5 points
2. Team B wins with 6 or more points advance
The sports book establishes the total number of points and the bettor can choose to bet over or under that number. Total bets consist in a series of wagers placed against the total amount of points scored in a game.
On the other hand, if you wish to bet on moneyline, you will just simply need to predict who will win or the match. On the given example, placing bet on Team A(underdog team “+”) means risking $100 to win $200, and betting on team B(favorite team “-”) means placing a $150 to win $100.
When betting on money line type, there is no rule to follow but you have to rely on your own experience, prediction and on your hunch, meaning you have to be extra careful which team to make a bet.
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