An Introduction to How to Bet on Sports

Sports betting can be a fun way to make some extra money. However, it can also be very complicated because of the many types of bets involved. While you can stick with the regular straight bet, in which your bet pays off if the team you wagered on wins, there are many other types of bets you might want to explore, once you’ve gotten some experience in sports betting. Here is a brief introduction to how to bet on sports.

Point spreads. These bets are based on the principle of using a spread to give the underdog team an advantage of a few points in order to make them more attractive to bettors. To illustrate, let’s say the Rams are playing the Chargers on Sunday. The Chargers are the clear favorite; to handicap them, the oddsmakers must give the Rams an advantage of four points. This is expressed on the board as Chargers, -4 RAMS. If you bet on the Chargers, they would have to win the game by more than four points for your bet to pay off. On the other hand, if you bet the Rams, your bet wins if the Rams triumph or if they lose by less than four points. Odds for point spreads are usually 11/10 meaning you win $100 for every $110 you bet (or a total payoff of $210). These types of bets are commonly used in high-scoring games such as basketball.

Money Line. This is a form of handicapping that is used in sports that are not high-scoring such as soccer. To illustrate, in money line bets, this is what would appear on the board: Chargers, -1.2 Rams +1.4. This means that if you bet on the favored Chargers, you have to bet $120 to win $100. But if you bet on the Rams, you win $140 for every $100 you wager if they win.

Under/Over. Also known as totals, this type of bet is based on the total number of points the oddmaker thinks both teams will score. All you have to do is bet on whether the actual total will be under or over the oddsmaker’s total.

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