Sports betting is essentially the act of placing a bet on the outcome of a sports event and predicting sports results. The number of people who partake in this activity has increased over time, as it is now more accessible than ever before thanks to the internet. However, the trend does seem to be growing particularly amongst younger betters, who are becoming drawn to the glamour and glitz of betting like never before. Sports betting can be a very profitable form of investment if done correctly – and here we will look at some tips on how you can do just that! So let’s take a look at some of the key factors to consider when planning your next sports bet!
Before placing a bet, it’s important to familiarise yourself with some of the popular sports betting terms. Some of these may not have any relevance to you right now, but knowing a few key terms will make putting a bet more straight-forward, especially when you are under pressure to make a quick decision. Some examples of commonly used sports betting terms include the vig, spread or odds. These are generally explained as a percentage difference between the published price and the actual bet amount, and are usually used in conjunction with a particular team, either because the bookie wants to encourage people to bet for their side (with the vig being a maximum) or because there is some kind of incentive for you to do so (the spread is a minimum).
Another common type of bet is a point spread. A point spread involves comparing the total number of points that can be earned from your bets against the total number of points that you are ready to risk in order to make a win. Most sports books will offer these types of bets, and they are typically made using a number of different point spreads; standard point spreads are used where you don’t change the outcome of the bet, and parlays involve a set amount of money that must be bet on a single bet. Many sports books will also offer moneylines, which evaluate each game based solely on the starting line, and they do not factor in other teams or point spreads.