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Football
Betting Lines Explained
Understanding The Odds in Offshore Sports
Books
Sports
Betting - Online
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Betting Racebook - Sports
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Online sportsbooks
offer as much excitement for your wagering dollar as virtually any
other form of gambling. Putting $25 bucks down on a four team parlay
can keep you on the edge of your seat for hours... and hitting for
a big win is guaranteed to make you come out of your seat!
Perhaps the
most confusing part of sportsbook betting is the variety of bets
offered ... the types of wagers can get pretty creative. You can
make bets for your team to win the game. You can bet on which team
will win the Super Bowl (a "future"), you can make bets
where you pick a number of games, (parlays) and much more.
You can get
"points" which means after the game is over, you can add
(or have to subtract) a certain number of points from your team's
total score to see if you won the bet. This type of betting lets
two teams that have different skill levels on the playing field
be "even" on the "gambling field". These points
are known as the "point spread".
The point spread,
or "points" or "spread", is set by the "odds
makers". These guys are very skilled at what they do. An important
part of sportsbook betting is to understand the job of the odds
makers. Their job is not to pick the winners and losers for
the games.
Their job is
to balance the bets so that the same amount is wagered on each side.
A casino makes money on taking a percentage from the payoff of a
bet. For example, if you make a bet of $100 and win, you'll get
back your original $100, plus $90 that you won. The $10 share for
the casino is known as the "vigorish" or "juice".
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