Sport Gambling 101
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Push — When the contest ends with no winner or loser for wagering purposes; a tie for wagering purposes. Straight bet — An individual wager on a game or event that will be determined by a pointspread or money line. Straight-up — Winning the game without any regard to the pointspread; a money-line bet.
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Take the points — Betting the underdog and receiving its advantage in the pointspread. Teaser — A type of parlay in which the pointspread or total of each individual play is adjusted. The price of moving the pointspread teasing is lower payoff odds on winning wagers. Total — The combined amount of runs, points or goals scored by both teams during the game, including overtime. Under — The player bets that the total points scored by two teams will be less than a certain figure. Underdog — The team perceived to be most likely to lose.
Sports Betting Parlay — What is a Parlay Bet? What is a Straight Bet A straight bet is an individual wager on a game or event that will be determined by a pointspread or money line. Round Robin Bet A round robin is a series of parlays. Money Line Bet The money line represents the odds of a team winning the game outright without the use of the pointspread.
Chalk — The favorite. Cover — Winning by more than the pointspread. Dog — The team perceived to be most likely to lose. Short for underdog. Favorite — The team considered most likely to win an event. Handle — The total amount of bets taken. In the first part of this century, when offshore betting was really catching fire and the money was flowing, there all sorts of people promoting to anyone who thought they could pick a sports betting winner that they should jump in the game.
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Winning a game in a professional sports league of any kind can be difficult for even the best teams. Very few teams have gone through a season undefeated only NFL Teams , and even then, not every win is as easy as teams hoped they would be -- even the margin of victory is sometimes too close for comfort.
The answer is pretty much the same every time - absolutely. There is the practical reason - with the NBA and the NFL seasons done, baseball in the dog days of summer, and there's no World Cup or Olympics to distract us, it's not like we have a whole lot better to do. But beyond that, there are lots of reasons to bet this league. Expected Value.
Pythagorean Theorem. All of these concepts are math subjects that teachers try to teach students in order to help them better understand the world of numbers. However, the unfortunate reality is that many of their students will second guess the reason these subjects are being taught to them because they simply don't believe they will ever need to use them in their day-to-day life. Being in the sports betting industry for more than two decades as a sports bettor, writer and handicapping expert, for the most part I have heard it all. Among the favorites that come to mind is a bettor complaining about losing after what they purchased went on a single day.
Another that is top of the mind is hitting 11 of 12 on a team teaser and them wondering how they lost picking so many winners. At about the time major league baseball organizations began to embrace the analytics of baseball roughly area , betting a baseball game for the first five innings really started to increase each year. Analytics has altered the betting landscape; not in the same way money lines did to run lines years ago, but they've created more options for sportsbooks and those betting baseball.
Here is a detailed look into the various aspects of strategy, reasons why, and rules to place baseball bets on the first five innings of a game.
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In regards to sports betting, there are certain things that a bettor cannot control once a bet is placed. An example of this would be a pitching change in baseball prior to a game starting. If you want to take your skills to those of a good handicapper to those of a great handicapper, there are several things you can do to achieve that.
For starters, you can read all our Betting Tips pages. The second thing you can do is learn about money management. And the third thing you can do -if you have time- is watch and learn how point spread lines move and why they do so. Which Sportsbooks Offer the Quickest Payouts? We live in a world where competition amongst brands and companies is at an all-time high. Unless you are loyal to one brand - say, Nike - your best bet would be to check out the market and find out what's available and at what price.
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Which Casinos Have Sportsbooks? For those of you who live under a rock, I'm talking about Las Vegas. With all the new advanced baseball metrics, it can be hard to understand how each is relevant to wagering. After all, people have been wagering on baseball since it's inception, even before statistics were recorded. One of the hottest new statistics is Launch Angle. Handicapping Major League Baseball pitching is crucial to your bankroll.
Knowing what pitchers do well in certain spots, don't do well in certain spots, and how hitters capitalize, can be advantageous to cash tickets. Exit Velocity EV is the velocity at which the ball exits the bat immediately after contact. Is Online Sports Betting Legal? Sports betting has come a long way from the days when a bettor would need to walk into a brick-and-mortar casino or talk to a bookie in a shady backroom of a local bar to get in some action.
Because of that, most of the glamour and dangerous element to the hobby has gone away thanks to the introduction and rise of the internet and smart phones. Much like in baseball where the traditionalists complain that the new wave of players are taking over and disrespecting the game, sports betting is slowly becoming geared to the younger generation of players.
The demand for quick results and instant gratification have taken the sportsbooks by storm, and sportsbooks have replied by offering up more and more obscure bets. If you've never set foot in an actual sportsbook before or logged into an online sportsbook, the chances of you getting overwhelmed when you actually do are very high.
In an actual Las Vegas sportsbook, there is typically a lot of commotion and the odds and lines are displayed on a massive digital board for everyone to see. The NBA is the gift that keeps on giving. Over the last month or so, we've sat back and watched teams feud with players and facilitate their own trade hello, Jimmy Butler , and teammates feud with each other hello, Kevin Durant and Draymond Green.
We've seen a few upstart teams hello, Memphis and Sacramento and we've seen a few teams scuttle out of the blocks looking at you, Houston. As wonderful and as enthralling as sports betting can be, it can be one of the toughest things to take part in. Every single person who has laid down more than one bet in their life has, at one time or another, suffered a terrible beat.
I'm talking a meaningless touchdown that throws the total out of whack or a half-court buzzer-beater that turns a cover into a non-cover. Losses like those happen to everyone, including the best of the best. If you like unscripted drama, boy do I have a concept to sell you. It's called sports, and every sin-gle facet of it is must-watch television. In today's world, the rate at which we consume breaking news in the sporting world is breathtaking. The rate at which we process, analyze and form thoughts on sporting events or players is next to none.
US Online Betting 101
If you enjoy doing all of that and want even more, I suggest you try getting involved in sports betting. Now, before you start worrying about needing to go into the shady room at the back of your local pub, I must tell you that only happens in movies. But you don't live in Las Vegas?
Well, today's technology allows us to make bets from our computer or mobile device from anywhere in the world. It's really quite simple and extremely safe to do. If sports betting was as easy as the movies make it look then we'd all be rich and nobody would need to work a normal style job. Unfortunately, taken from experience, sports betting is one of the hardest industries to break through in and consistently perform above average. The amount of time and effort that go into handicapping a full slate of games is extreme, and sometimes the end result isn't what we sports bettors want.
Sports betting is similar to the rabbit hole you find yourself in on a random Tuesday night while browsing YouTube. First you play all the old 90's hip-hop jams you grew up with, then you start watching videos about who shot 2Pac and Biggie, then that spirals into some sort of Illuminati videos and so on and so on. The next thing you know it's 4 a. There is no worse feeling than when you are trying to watch a movie and the person you are with or the people around you in the theatre ask a million questions about the movie while it's still on going.
For starters, you are seeing it for the first time -- so you don't know any of the answers -- and secondly, I'm sure the questions can wait until the after the movie is done.
Sports betting has come a long way from the days when a bettor would need to walk into a brick and mortar casino or talk to a bookie in a shady backroom of a local bar to get in some action. Because of that, most of the glamour and dangerous element to the hobby has gone away thanks to the introduction and rise of the Internet and smart phones. Sports bettors no longer have to scour the daily newspaper for information on local teams. We now have databases full of infor-mation, sites that track trends and statistics, and real-time breaking news that we get delivered straight to our mobile devices.
Your hobby or profession is now more legal and less shady than it was last week.