Sportsbook betting has become a global pastime, as people from all over the world bet against each other, it does not matter if you are sitting in Europe or America. Anyone serious about betting, should research about it thoroughly before venturing.
Sports betting odds denotes the link between the bettor placing a bet and the sportsbook. Odds state the return you would get if you were successful with your bet.
The following will help you read and understand the different types of sportsbook betting odds:
- Point Spreads- This involves giving or taking points. When reading the odds, + points goes to the underdog and - points go to the favorite.
- Money Lines- On money odds whenever there is a minus (-) you lay that amount to win a dollar, where there is a plus (+) you get that amount for every dollar wagered.
- European Odds- Rather than using percentages, bookmakers use odds. Decimal odds are commonly used in Europe and also known as European odds.
- Parlay Odds- A parlay bet, also called a combination, involves various different propositions. The customer must correctly choose all the propositions to win.
Sports lines are a clever maneuver to attract substantial profits for the bookmakers. The constant change in betting lines is to play with the bettor’s mind and confuse them. While this may not always be easy, the main requirement for placing a winning bet lies in your ability to conquer the betting line.
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