A bettor is a person who bets, in general terms. If you’re wondering how you can get stated into the sport betting scene but have no idea of where to start, you’ve come to the right place.
Although gambling has been hugely popular in European countries, especially in the UK, the USA had a lot of stigma regarding these activities. However, throughout the years, betting has become a considerable part of American culture and now it is more widespread than ever.
If you’re a new bettor, you probably don’t know what the best place to start is. What we recommend is to get in touch with the basics, which we’ll explain below. This list includes the basic types of bests, standard terminology and other tips you can use to start with the right foot.
You’ll find the basics of sports betting on this section. Here we included terminology and basic betting tips. On later sections you can find general advice for people who are just getting started into the sports betting business.
The first thing that sportsbooks do is to decide who the underdogs and favorites are.
The favorites are those teams who are more likely to win and are expected to do so; you can identify them by the “minus” sign. On the other hand, underdogs are the teams who are more likely to lose and are expected to do so – they have a plus sign next to their odds.
These two terms are predominantly used in the sports betting scene. It’s the most basic thing any new bettor should learn.
The next thing you should know about are the spreads. It is the most basic type of bet in this scene, and is actually known as the “point spread.” This bet type is based on the victory margin.
For instance, let’s say that Team A has (-7) against Team B (+7). That would mean that Team A must earn a minimum of 8 points for you to take the wager and “cover” the spread. If they win by 7 points, you’ll be “pushing” it and will get back what you wagered.
On the other hand, if you bet for Team B, they’ll have to win the game by six or fewer points for you to cover the spread – in other words, win the bet.
Spreads are more common in football and basketball. However, they are applicable to almost any sport.
This is the second way you have to bet for favorites and underdogs, and the second most basic betting type.
Moneylines follow the similar mechanics to the spreads:
Moneylines are hugely popular in sports like soccer.
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