Sunday, November 27, 2011

Sports Betting for Newbies

By Kyle Parker


Sports betting is popular because it combines two human interests, sports and betting. It's no surprise that these two interests are aligned. Because no individual knows in advance how the games will end, it becomes a matter of predicting which team will win and by how many points. Sports betting seems addictive, and for some bettors it is, but for most people it's just fun, mostly because it gives them a more exciting way to interact with their friends while watching sports.

Although there's constant informal betting among friends, most of the bets are recorded through sportsbooks. A few sports you can bet on are: basketball, football, baseball, hockey, golf, boxing, tennis, nascar, soccer, horse racing and mixed martial arts. Sports betting is defined as placing wagers on anything that is a recognized sport. You can bet on the final score of a game, the number of points by which a team will win, who will win a boxing fight and in what round they will be declared the winner. The only things known in advance are factors that have a statistical probability of winning or losing a number of bets.

A bookie will provide the odds at all times in order to help you decide how to place your bet and for how much. A point spread is a disadvantage given to the teams believed to be the weakest to try to level the odds of betting either way. A sports bettor can wager on a losing team and still win as long as the team loses by a certain number of points. In this case the difference will go to the bookie because it is his way of making money on the bets you place.

This may seem really complicated for a beginner. There are several types of bets, including over/under, teasers, parlays and straight bets. The most common and easiest way to understand is the straight bet, which is a bet on the team that you think will win or lose. You can bet on the sum of the number of points scored by both teams. These bets are known as over/under. The combined bets on several games are known as parlays. You can add or delete points from the spread to make a stronger bet in a teaser, which is similar to parlay. All these types of bets are designed to make sports betting interesting and challenging.

These are the basics of Sports Betting in case you want to try your luck and have fun. Remember to keep your bets small. Thus, it will always be fun. If you lose a small amount you can live with that and come out with a smile. If you get too emotional and bet all your savings it will be disaster when you lose and that won't be fun at all. Only an addicted bettor would wager all his possessions.




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