Online Sports betting has gained vast following through the years.
Fans of this form of betting have patronized online sports betting to bet on their favourite teams be it in football, basketball, tennis, etc. and players.
Many of those who want to experience online sports betting consult their favourite sportsbook for betting odds associated with the sport they want to put their bets on.
As such, most of them are new in the business or shall we say beginners for that matter. As such here are some of the most important things to consider when trying your luck in online sports betting:
Placing a bet on online sports betting
You can choose from several sportsbook when you go to online sports betting. Be sure they are reputable.
Which team is favoured or the underdog?
Oddsmakers release a betting line on a particular game and decide which one is the favourite or the underdog. The favoured team is the one expected t win and will get a minus (- ) sign next to its odds, while the uderdogs who is expected to lose gets a plus (+) sign.
There are two ways to bet on the favourite or underdogs. The first is through the point spread which is a bet on the margin of victory. A favourite “gives’’, whilst an underdog “gets’’ points.
For example, the LA Lakers are 7-point favourites (-7) against New York.
For example, if you bet on the Lakers, they must win by 8 points or more for you to win. If they win by 8 points or more, you “cover.’’ It is a “push if LA win by exactly 7 points, meaning you get back the money you bet.
Should the Lakers win by 6 points or fewer (or lose the game straight-up) you lose.
On the other hand, if you bet on New York “plus the points (+7), you need New York to either win the game or lose by six points or fewer for your to win or cover your bet.
Spreads are mostly used on basketball and football but are available for all sports.
This betting type is based on which team will win the game. Favourites are given the minus sign, whist underdogs are given the plus sign.
If a favourite is -200, for example, you have to bet $200 to win $100. If they lose, you also lose your bet. You assume more risk when betting on favourites.
If an underdog is +200 it means you bet $100 and if they win you get $200. You lose your $100 if they lose. Online Sports Betting on underdogs has more reward if they win.
The total or over/under is hen oddsmakers set a total number of points in a game by both teams combined.
Bettors decide whether or not a game will go over or under the total.
For example, an NBA game between the San Antonio Spurs and Milwaukee Bucks might have a total of 216 points. You could either bet the Over 216 or Under 216. If you bet Over 216 and the total points scored end up being 217 or higher, you win, If the total score is 215 or fewer, you lose.
How much to bet on online sports betting
Only bet what you can afford and bet wisely.
Conclusion: Online Sports Betting
Having shared with you some of the basic ways to get your online sports betting started, we hope you’ll have an exciting experience, Check out the various sportsbooks now!