The Basics of Sports Betting

Sports betting is a great way to enjoy the action of a sporting event while winning some cash at the same time. It is a fun activity that is affordable and can be enjoyed by everyone.

The Basics of Sports Betting

One of the main ways that people place wagers on a sporting event is through moneyline bets. These bets are simple: you pick the winner of a game and you get paid if it happens.

A moneyline bet reflects the probability of a team winning or losing, with low-risk moneylines paying smaller returns and higher-risk moneylines paying bigger ones.

Spread Bets

Spread bets are another form of sports betting that entails placing a bet on either the favorite or underdog. They work like this: the team that is perceived as being more likely to win (the “favor”) will have a negative value attached to its spread, while the underdog will have a positive value.

Total/Under Bets

Over/Under bets are the most common type of sports betting. They are based on the total amount of points scored by both teams. Typically, an over bettor will want the total to be greater than the actual score, and the under bettor will want it to be less.

Pushes

A “push” is a bet that ends in a tie, but is refunded by the sportsbook. Most sportsbooks refund all pushes, though a minority count them as losses.