Sports Betting 101

sports betting

A sports betting wager is a bet made on an event that takes place during a game or competition. The goal is to predict what will happen during the event, then place a bet on whether you think it will occur with odds being offered by sportsbooks that reflect the likelihood of each occurrence. The more likely something is to happen, the lower the risk and therefore the higher the reward.

The most common sports bets are point spreads, moneylines and totals. In a point spread, the oddsmaker sets a number that must be covered by the underdog in order to win the bet, while at the same time forcing the favorite to win by a certain amount (also known as covering the spread). In totals betting, the oddsmakers set a number for the combined points of both teams and bettors can place a bet on whether the final score will exceed or fall short of this number.

Other sports betting options include parlays, futures and live bets. All of these different types of wagers work slightly differently, so it is important to have a strong grasp of each type before placing a bet.

As with any type of gambling, it is important to bet sober and be aware of your emotions. Those who are emotionally overwhelmed or “going on tilt” can easily make bad decisions and potentially lose their entire bankroll. A good idea is to develop a betting schedule or routine and stick with it to avoid making rash decisions.

Posted in: Gambling