An Introduction to the World of Betting in Sports
Every year, billions of dollars are being thrown around in the form of betting in sports. If you have thorough knowledge in a sport, with a streak of luck and intuition, and some money to invest in the first place, you could just as easily enter into the world of sports betting. While many amateur gamblers lose their money due to inexperience, there are several professional gamblers who earn their living from Free Betting. This means no deposit on your bets and added bonuses.
We will take a look at the basics of online betting in sports
- The Players – Bookmakers and Handicappers
You will most probably end up dealing with a bookmaker if you ever decide to get into sports betting. A bookmaker is a person or organization that sets odds and takes bets. Today, there are large licensed companies that offer betting services for almost every major sport in the world.
Handicappers are the people who do the math to figure out the odds and spreads. Handicappers have extensive knowledge of a sport, team and player statistics, along with any other variable that can change or affect the outcome of a game. Handicappers work for bettors and bookmakers. They provide structural information that can be used by either party to set odds or make a bet on a particular game.
- What are money lines?
Have you ever seen how odds of betting are expressed? Well, this form of expression is called a money line. Let’s look at the example below:
Miami Heats: +130
Los Angeles Lakers: -150
The minus sign here indicates that odds are higher that the Lakers will win, while the plus means that the Heats are expected to lose. To earn $100 if the Lakers win, you have to invest $150, whereas if you bet $100 on the Heats and they win, then you earn $130.
Totals or over/unders as they are sometimes called, is a way to bet on games without worrying about who will win or lose. You basically do not care about the end result of the game and only focus on if certain conditions are met.
For example, your bookmaker says that the total score of the Heats vs Lakers game is going to be 170 points. In other words, if you add the scores of each team, you will get 170. You can then bet that the score will either be greater or lower than 170. In boxing, you may bet on the total duration of the match. In football, the number of goals or cards etc.
There are many websites that offer Free Betting to initiate new gamblers into the world of sports betting.