Sports Betting 101
Generally speaking, betting is the act of placing a wager on a pre-determined event. Gambling, on the other hand, refers to wagering money on something tangible like a game or a table game. Gambling is often considered looser than betting, but betting is still a form of gambling.
The most common bets in sports are based on point spreads. A point spread is the margin of points that the bookmaker believes one team will be able to beat another. The spread can be as small as a half a point or as large as 50 points. The spread is usually offered at around 11 or 10 odds.
Another type of bet is called a parlay. A parlay is a combination of several different bets that must be all won to earn a payout. These payouts depend on the number of bets and the price of the bets included.
There are also multiple types of bets that you can make, such as teasers, which are basketball wagers. Teasers require the winning team to win all of the parts of the wager.
There are also props, which are wagers that do not fall under the standard money line. Props are generally shorthand for proposition bets, which are more complex than standard money lines. Some examples of props include player props, which are wagers on a player’s ability to score a touchdown.
A popular bet is the underdog, which is a team that is considered to have a lower probability of winning. However, an underdog can provide good value, which is important to consider when betting.