Anyone who has ever tried sports betting will immediately say that it’s not only an enjoyable pastime, it can be a lucrative way to earn a couple of bucks. In fact, there are professional sports bettors who have made their fortune purely on sports betting. Around the world, there are betting sites like mtpolice (먹튀폴리스), one of the biggest sports broadcasting companies in South Korea; they offer NBA, MLB, and EPL for free. Those who are new to sports betting can follow some of the tips below.
Underdogs vs Favorites
As a newbie in sports betting, you will first encounter the favorites and the underdogs. Oddsmakers when they release a betting line will first decide which team is going to be the favorite, and which one is going to be the underdog. The team selected to be the favorite are the ones expected to win the game. They will be denoted with a minus sign next to their names. The underdog team is the one expected to lose and will get a plus sign next to their names.
The next thing you need to learn when it comes to sports betting is the spread. A point spread is a bet based on the margin of victory. The favorite team gives out points while the underdog receives them.
As an example, say a team is 7-points favorites against an underdog. If you decide to be the favorite, then they need to win by 8 points or more for you to win your bet. If they win by 8 points or more, that is a cover but if they win by 7 points exactly, that’s called a push which means you win back the money you initially bet. If the favorite wins by 6 points or lower, then you lose your bet.
If, on the other hand, you bet on the underdog, you need them to win the game or lose by 6 points or fewer for you to win.
Another way for you to bet on an underdog or a favorite would be through Moneyline. This is based exclusively on which team wins the game. Just like before, a favorite team will get a minus designation beside their name like -150 or -500. If a team is -200, you need to bet $200 in order to win $100. If the favorite wins the game, you get $100 but if they lose, then you lose $200. You assume more risk by betting on a favorite because they’re expected to win.
Odds play an important part when it comes to sports betting which means as a new person in sports betting, you need to understand them well. Odds are used to determine if a wager is worth making or not. The potential of any wager that’s placed is calculated using the information on relevant odds and stakes.
In sports betting, odds used to calculate the payouts of any winning wagers. Each time you place a bet with a bookmaker, odds are offered which will impact how much you can win. The higher the odds are, the more you stand to win.