Can someone Please explain sports betting to me?
I mean I need like a sports betting for dummies because as simple as it may seem I cant fully understand it. Take saturdays game of Duke vs NC, how would that work if say I wanted to put money on Duke....
- Anonymous9 years agoBest Answer
It works like this. You have two teams. Team A and Team B. One team is favored to in. Lets say A is favored to win. The question is by how many points. If the majority of people who know the game say "3" points that means that most people are going to bet on Team A to win. So everybody bets on Team A and Team A wins and the bookie, who has to cover all the bets, loses his shirt because he has all winners and no losers.
But if you say Team A plus 3 points' that means Team A has to beat Team B by three points. Now the odds are equal. You should have an equal number of betters on each side.
Odds in sports are given in half points. This is to prevent a tie. So lets say in the above example the final score was team A 11 Team B 8. If Team B gets three points the final score is now 11 to 11 or at least as far as your bet in concerned. But if you said 2.5 points instead of three points the final score would be 11 to 10.5 points and Team A wins.
And that's how sports betting works. Sometimes odds (also called 'the line") change. If this happens your original bet stays. It doesn't change if the line changes.
- Anonymous3 years ago
2Source(s): Winning Sport Picks http://givitry.info/WinningSportsPredictions
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- pdqLv 79 years ago
NinjaWithAMohawk - OUT-friggin'-STANDING!!!
m. o. e. - Listen to all others to find out HOW to do it. I'm not going to tell you "how", but I'll just tell you one thing you really should know.
Only 1% of people who wager on sports do so profitably over time. You are a fool to actually think you will be one of these people.
Do you like sports??? If so, then enjoy the sport for what it is. Placing a bet on a game will NOT make it more enjoyable. If you don't like sports, then don't watch them! Again - this isn't going to make it better.
If you REALLY insist on betting on sports, perhaps try following NinjaWithAMohawk's advice! At least you might have a chance.
- Anonymous9 years ago
Sports betting is the activity of predicting sports results and placing a wager on the outcome.
Tips from me :
This is without a doubt the most important aspect of betting sports and possibly the most neglected. The first key to proper money management is to be sure not to bet more than you can afford to lose. If you are going to bet on sports, it is important to set aside a certain portion of your money for betting and to stick with that bankroll, win or lose. Winning money on sports is not a sprint. If you bet your whole bankroll on one game and lose, you will be more likely to try and chase your losses. If you spread your bankroll among several smaller bets, you are more likely to make a profit in the long run if you do the proper homework. Remember, there are no locks in this business and any team can lose on any given night. And on the subject of chasing: Don't do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day. If you didn't like the game before you lost your money, why would you like it after your losses? Chasing bets is a losing proposition almost every time. If you are on a winning streak, increase the amount of your bets. Wins and losses often come in streaks, and it can be profitable to ride out a hot streak.For information click this linkSource(s): http://deallook.com
- Anonymous5 years ago
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- MattLv 79 years ago
There are generally two ways to bet on a team, points and odds. Points are pretty easy. The point spread will be, say -4 for Duke. That means that the Dukes score minus the 4 points has to be better than NC's score in order for your bet to win. Duke 100 NC 95, you win. Duke 100 NC 97, you lose. You can also bet on duke, and if the score is Duke 100 NC 97, the guy who bet on NC wins, because 97+4 > 100. If the difference is exactly 4 points, everyone loses, except the house.
Then there is the money line. Lets say again Duke is favored, and the money line (odds) are +120. That means you have to bet $120 to win $100, plus you original wager. The NC money line might be -110, so if you bet 100, you will win 110, plus your original wager. The bookies set lines to try and even out the money on both sides, and they make it in the middle.
- Anonymous9 years ago
You're in luck! I wrote a Sports Betting For Dummies article! http://www.Sportsbook-Ratings.net/sports-betting-f... It explains the various types of bets and how to read odds.