Sports Betting Primer
Every year billions of dollars are wagered on sporting events. For millions of people, there's nothing better than making a game a little more interesting by placing a wager on it. We take it to the next level by letting you have action against your friends while we keep track of the results. Betting on sports is not simply about picking a team. One must also understand the line and how to bet as well. Let's look at three fundamentals of sports betting so we can all speak the same language. Kapish?
Every sports bettor places bets according to the data contained in the line. The line lets sports bettors know what teams are involved in the match up, the spread and other relevant data. Odds makers create the line that sports bettors wager by.
The spread is basically the condition for selecting the side you want. For example, let's look at a match up between the N.Y. Giants and the Washington Redskins, where the Giants are favored and the spread is 13. If you want to take the N.Y. Giants, you have to lay 13 points. In other words, the Giants must win by 13 to push and 14 to win - so the game starts with the Redskins ahead by 13 in theory. Should you want to take the underdog Redskins, you get 13 points, so if the Redskins don't lose by more than 12 you win your bet and if they lose by 13, you push. A push is like a tie. No one wins or loses; Kinda like Nam.
Another possible bet on sports games is the total. If the game has a total bet option, it will be displayed on the line. You can bet either under or over that total number. This bet also has a dollar figure attached to it. For example, if the Giants vs. Redskins game has a total of 44 and the over is listed at -110, then you must wager $11 for every $10 you want to win - should you take the over.
Playing the money-line is equivalent to picking a team to win the game straight-up. For this bet, there is no spread. If the team you pick wins the game outright, you win your bet. If the team loses, you lose the bet. I know what you're thinking - just pick the favorite each time and laugh all the way to the bank! Well, it's not that simple.If this bet paid even money, you would simply pick the favorites each week, win more than 50% of your bets, and retire young. That's why, of course, this bet doesn't pay even money. If you select a favorite to win straight up, you need to put down more than you can win. If you select an underdog, you need to put down less money than you can win.