All You Need to Know About Sports Betting
Despite some countries putting strict restrictions on betting, the industry has developed hugely. The high percentage of the population which participate in betting is the youth. Betting is the act of placing an amount of money on a certain event with the aim of making more money. Some years back, you had to go to the casino to bet. Casinos were for the rich since they were found in cruises, hotels, and restaurants. Of late, online betting has attracted many gamblers. You only need to create an account with a betting company or bookmaker, deposit some cash and place a bet. After a successful prediction, the bookmarker will deposit you win to your account, and then you can decide to make a withdrawal or place another bet. You need to make perfect decisions to earn money from sports betting. The successful sports gamblers make decisions using odds. Odds are represented in fraction or numerals, and they are used in determining the probability of a certain event. The major ways of representing betting odds are European Format, American Format, and UK format. The European format is in decimal forms, UK format is in a fraction, and American format is in money line. If you want to learn how to read Over/Under, Money Line and Spread, please read the following.
Many gamblers prefer using the Spread since it is simple. In the spread, there is the favorite team and the underdog. You either choose the favorite team will win by certain points, or the underdog will lose or win by certain points. For instance, if the first team has an odd of -115 (-2) and the second team has an odd of +300 (+2), and you place 100 dollars on the first team, you will win $85. A person who will place 100 on the second team and the outcome favors him/her will make 300 dollars. Once you use the win loss calculator, you will understand odds better. The favorite team is supposed to win either by three or more points since it has +2. The -2 on the second team means that the underdog has to win or lose by points which are not more than two.
Money line is another thing you need to know about the odds. You will easily understand the money line. Unlike in the spread, in money line the negative and positive numbers in brackets have been eliminated. In the money line, the favorite will be represented by -115 while the disadvantaged team will be represented by +300.
Another betting line you should know is under/over. The total number of points must be over or under a specific number. For instance in under/over 2.5 in soccer, you predict if the total number of goals will be more than 2.5 or less than 2.5.