Are you new to sports betting? Overwhelmed by the amount of information and numbers you’ve seen on the screen? Fret not, as sports betting isn’t as hard as you might imagine. Here’s how you can bet:
The Moneyline betting scheme is found in numerous sports, so it’s wise to learn about this one to reduce the learning curve for various games. It is a zero-sum bet, which means you either win entirely or lose. There are no other variables involved apart from the fact that one team is winning and the other is losing. Each team has a number attached to it along with a plus or minus sign. Minus indicates that the team is a favorite while a plus sign is given to the underdog.
For example, a team that is -150 favorite requires you to put in $150 to win $100. For the underdog with +130, you’d get $130 for $100 if they win and you favored them.
Spread betting is generally used to cut the gap in quality between two teams in a fixture and generally allows an advantage to bettors. This way, both teams are equally profitable to bet on if they win. For spreads, you’ll see two numbers listed in the spread column. The number on the left will generally have a positive and negative sign for each team and dictates underdog and favorite handicaps respectively.
The favorite has to win the game by more points than the handicap assigned to them if you wager on them, while the underdog must win the game outright or lose by fewer points than the handicap dictated.
A parlay is the riskiest form of betting, but can also be the most profitable version of a bet. Rather than go for a single bet on a single fixture, you make multiple bets, and each and every single one of them needs to be correct for it to be a successful wager. A single mistake, and you lose all your money.
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