Sports Betting: An Overview About Odds and Bets

The various odds and bets available in an online or offline sportsbook may confound people new to sports betting. There is a different way of presenting odds in every country. For example, decimal odds are being used more than other formats in continental Europe, Canada, and Australia.

Meanwhile, fractional odds are used mainly in the United Kingdom, whereas Moneyline odds are popular in the United States. Thus, if you intend to earn extra money through sports gambling, you must do your research and choose the type of odds format that you are comfortable with.

Is Sports Betting Legal Everywhere?

Sports betting is not legal in all parts of the world. Some states and countries do not allow this type of gambling. For example, many states do not allow sports wagering in the US.

Some people believe that sports gambling is not allowed in some places because sports authorities think that such activity will lessen the integrity of sports. But come to think of it, sports bets make certain sports more popular. For example, a sport such as boxing is much more interesting and widely followed because fans can place bets.

Type of Bets

So, aside from the available odds, you also need to think about the kinds of bets. The most famous type of bet in sports betting is straight bets, preferred in the United Kingdom and Europe. Meanwhile, Moneyline bet, which is considered a bit simpler than straight bets, is preferred in the United States.

However, if you are a bit adventurous, you may want to look into alternative bets. You can place future wagers in sports betting, a long-term type of bet (can be found in NBA betting). For example, you can bet what team will emerge as the winner in Major League Baseball even if the season has not yet started. Parlay, on the other hand, is betting for multiple teams.

To win a lot of money in this type of bet, all the teams in your parlay should win. There is also a head-to-head bet. This is probably popular in sporting events such as boxing or mixed martial arts. If you want to have a more specific wager, you might be interested in proposition bets.

For example, you can bet on the number of rounds Juan Manuel Marquez can beat Floyd Mayweather Jr. in a boxing match.

Sports Betting – A Basic Guide for the Newbie

Online sports betting has become increasingly popular these days. More and more people are inclined to place their bets via the internet rather than go to a racetrack or a betting station. With the help of the internet, individuals who want to try sports gambling can do so in the comfort of their own homes.

Some Guides to Follow

Many people consider betting a great pastime. If you are new to this, however, it is essential that you fully understand the game’s rules. Do not simply rely on beginner’s luck to give you a favourable outcome. Here are some of the sports bet pointers that you can follow.

Picking the Right Team

Picking the right team is one of the first things you have to know about sports betting. Do not make blind guesses. If you want to have a better chance of winning your first bet, you should determine the most likely team to win.

For sports fanatics, this may be easy since they somehow know team standings in basketball, baseball, and other sports. But if you are not following any sport and are just interested in sports gambling, you better do some research. It pays to watch a few games first before selecting the team you will put your money on.

Play at the Safe Side

Another essential point to keep in mind is to play on the safe side. Many beginners in sports betting simply use their emotions to decide how much they are going to bet. You do not want to blow up your money in just one bet.

You have a greater chance of winning if you bet with a team with better odds. Playing slowly and safely will enable you to learn the ropes in sports gambling at your own pace.

Know When to Stop

Lastly, knowing when to stop is the best sports betting advice that you need to remember. Many people think badly of gambling and betting because they have met a lot of people who squandered away their life and money while gambling blindly.

In reality, however, if you keep your bets safe and base your choices on intelligent guesses or inference, then you would not have to worry about losing a lot of money. There is a bigger chance for you to earn more than the amount you bet. A good sports bettor knows when to lay low.

This is a FanPost and does not necessarily reflect the views of SB Nation or the Building the Dam staff. FanPost opinions are valued expressions of opinion by passionate and knowledgeable Oregon State fans.