Sports Betting – Basic Information To Get You Started
Sports betting has been a popular form of gambling for decades, and thanks to the Internet you can now participate in this fun form of entertainment, no matter where in the world you live. However, the overall concept can be confusing to the newcomer – especially when you start reading about odds, points and overlays and other unusual terms. It is a good idea if you are new to sports betting that you get some understanding of how the overall sports betting structure works.
What is sports betting?
Sports betting is where you place money with an online or offline sports book. When you decide on which games you want to bet money on, your sports bookie will let you know what odds are applicable on each team (or in some cases individual players such as in the PGA). The odds reflect the amount of money you can win if your chosen team actually performs well on the day.
Choose your book and bet carefully
It pays to take some time to choose who you will place your money with when ku bet, because different sports books will offer differing returns based on bets that have been placed by other punters.
One of the most important ways of ensuring you have some success is to make sure you get value with every bet you place. What you are looking for here is getting better than “true” odds on your chosen team. Also known as an “overlay”, getting value on your bet might be for instance when you should be getting something like 3.5 points on your team, but are actually getting 6.5. points. So look for deals that are working statistically more in your favor, and will therefore provide you with more of a return should your chosen team win.
How do overlays occur?
This overlay concept in sports betting can sometimes occur because the sports bookies are covering a number of different games, all within a short time span. This means that their resources can be stretched a bit thin in some cases, which can result in what is known as “soft spots”. A soft spot is when the odds provided by the sports bookies do not reflect predicted results for the game – perhaps due to a player injury, or similar factor that can impact the outcome of the game you are betting on. If you have a good knowledge of the games you are putting your money on, you can take advantage of this situation.
Betting on the underdog
Another aspect to look for when betting on sports is betting on the underdog. We all know what an underdog is, but what many people new to sports betting are not aware of is that there can be a strong possibility for some underdog teams to actually win against the favored team. The odds on an underdog team are generally higher than those on a favored team, and can provide good returns on your initial bet amount. To take advantage of this possibility make sure you do some research on the teams you are betting on.