Sports betting has shot up to attain global popularity within a very short period of time and it is documented that hundreds of sports betting companies spring up all across the world on a yearly basis. This alarming growth rate has led some people to raise red flags about sports betting, but there are millions of people who take part for fun and some who bet to make profit.
Sports betting is not a new phenomenon. It has been around for as long as sports. However, organized betting platforms, as they are now, are relatively new and there are several betting platforms available online to choose from. They offer more convenience, privacy, and speed compared to the betting centers or offices.
What Is Sports Betting?
If you are completely new to sports betting, it is simply the activity of placing a wager to predict the outcome of a game/race/match. The amount to be won is determined by the money placed and the betting company, as odds can vary from company to company. The most popular sports
Types Of Bets
One of the first things that you should know about sports betting is that wagers can be placed in several different types. The most popular types of wagers are the point spreads and the totals.
- The point spreads are used to create a wagering situation that is 50/50, for example, betting company bookmakers could offer a point spread of -3.5 for team A and +3.5 for team B. this means that team A will 3.5 deducted from their final score to make the best successful and team B will 3.5 added to their score for the same reason.
- With totals, a bookmaker will offer an expected number of points to be scored by both teams and you will have the choice to bet over or under the posted number of points. For example, if team A and team B are expected to score a total of 50 points, a wager on the over will be any score that is above 50 and an under wager will be any score that is below 50.
Placing A Bet
There are several betting platforms available for placing bets…
- Betting centers: opened by betting companies at various places, all you need is to locate a center, walk inside, and be directed on how to place a bet. The rules may differ a little from office to office.
- Casinos: You can walk into any casino and inquire about how to place a sports bet.
- Online betting platforms: the easiest and most convenient way to place a bet. There are thousands of online betting platforms to choose from. All you need is a smartphone or computer and place your bet from the comfort of your home. You can choose from several platforms available on the internet, sign up, and start betting. It is that simple.
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