Sports Betting Terminology for the Beginner
By: Gen Wright
Sometimes discovering how to spot a sports bet can be intimidating. Here is an effort to let you know basic yet helpful information to understand common terminology, a guide for the beginner in sports betting.
New to sports betting online, then it is very confounding to know about betting odd or betting lines displayed on the screen.
Mostly, the bets are concerned in relative to $100. If there is a minus symbol in prefix of the number (example -130) then the number denotes to how much you must bet in order to win 100 bucks. Therefore, if the betting line is -170 you should bet $170 to gain a 100 bucks profit. If the betting odd is -300 then you shall bet $300 to avail $100 profit.
If the number is positive (example +150) then it means to how much you will win when you bet $100. Therefore, if the betting odd is +170 then you will make 170 bucks profit for your $100 bet.
Always keep in mind that you also get your stake back. Hence, if you bet $100 at +170 and your team wins then you get $170 gain plus your $100 your own stake back, for a total return of 270 bucks.
The concept that everything is conveying in terms of $100 does not mean required to $100 always. If you bet $10 at 150 then when you win, you get $15 profit.
Also one must know the all betting types
There are three different types of odds available for every event: the side, the money line and the total for all US sports betting.
The most general of these is the money line. This is usually a bet on who will win the match/game. As, for example, if the Minnesota Vikings met the New York Jets in the Super Bowl, the money line might be Vikings -200, Jets +180. If you believe the Jets will win, you can bet $100 to make $180 profit. If you believe the Vikings will win you can bet $200 to win $100. The money line bet is merely a bet on who will win the game.
The most well known way to bet is the side, also known as the point spread or line. In order to equilibrate the two teams in wagering, the linesmaker (one who sets the betting odds) will give the stiffer team a handicap to balance the two teams out in the betting. Therefore, using the same example as above with the Vikings and Jets meeting in a Super Bowl, the linesmaker may decide the Vikings are 11 points superior to the Jets. If you bet on the Vikings, -11 you will get odds of -110 but you only win if the Vikings beat the Eagles by more than 11 points. If the Vikings win by 10 points or fewer or they lose the game, all bets on the Jets +11 are winners. If the game is won by the Vikings by exactly 11 points then that is known as, a 'push' and all bets are refund to the players. The side or point disseminate is widely used across all American sports and is the most democratic form of betting with US wagers.
The total is a bet on how many points in entire game will be scored by both sides combined. Using the Vikings v/s Jets example again, the linesmaker may decide this game is likely to be very high scoring and set the total at 53. If you believe there will be fewer than 53 points in total, you bet on the 'under'. If you believe there will be more, then you bet on the 'over'. If there exist precisely the total number of points then that is a 'push' and then all bets are refunded. Sometimes you may observe the total line explicit in half points – for example, the total might be 44.5. This means it is impossible for there to be a 'push' because there is no game where you can score half points – the linesmaker sets the line that way so there is guaranteed to be a result.