Sports Betting Rules
Betting is done through Sportsbooks (US) or Bookmakers (UK) entities that accept bets. You can bet on the results of several sporting events, such as for example; Baseball betting, Basketball betting, Football betting, Tennis betting, Hockey betting, Snooker and Soccer betting games.
To place a sport bet, you go to a sportsbook, physical or online. You might bet over the phone with many sportsbooks. Remember that a sports book or sportsbook is not the same as an oddsmaker. The sportsbook simply accepts sports bets. An oddsmaker is a one who sets the sports betting odds.
You have to state everything you are betting on by creating a selection, the type of bet and the total amount you're wagering. Your selection will obviously depend on the odds offered, which means you would want to examine the range of odds available before you make a decision.
There are many types of bets you can place. Some sportsbooks may offer more betting varieties and combinations than others. Below is a list of the more prevalent types of bets.
Straight bet or Single.
It is the simplest & most common bet. You bet on successful at given odds.
Point Spread.
This bet lets you bet on successful from two selections who have been made equal by allocating appropriate points to the underdog team. THE IDEA Spread is the number of points allocated and is shown with a + sign for the favorite and a - sign for the underdog. The favourite must win by a lot more than the Point Spread so that you can win; otherwise you lose your bet even if the team wins. Inversely, in the event that you bet for the underdog, that team must lose by significantly less than the Point Spread that you should win. If the favorite wins by the exact Point Spread, then it is a push or a tie. You obtain your bet back. To remove a tie result, the oddsmakers sometimes add a half point spread. Since scores use full numbers only, one team must win outright.
Buy Points.
Also, to buy Key Points. Move the idea Spread favorably at a cost.
The Money line.
This establishes the chances for every team but inversely proportional to what would have been a Point Spread, and is indicated by way of a + for the underdog and a - sign for the favourite. Say team A is favorite and quoted at -180 and B may be the underdog at + 120. The bets offered would be 10:18 odds-on for the favourite, and 12:10 for the underdog. For each $180 without a doubt on A you'll win $100 or lose $180, but also for every $100 without a doubt on B you would win $120 or lose $100.
Total.
A bet for the amount of points scored in the overall game by both teams combined, including points scored in overtime.
Over/Under.
A bet that the combined amount of points scored by the two teams in the game will be Over or Under the total set by the oddsmaker.
Parlay or Accumulator.
A multiple bet. Some sort of 'let-it-ride' bet. Making simultaneous selections on several games with the intent of pressing the winnings of the initial win on the bet of the next game selected, and so on. All the selections made must win that you can win the parlay. If a game is really a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won.
Teaser.
It is like a parlay, but with the option to include or subtract points (called 'moving the line') in one or more Spread bets. When betting a teaser additional points are either added to the underdog or subtracted from the favourite. The odds vary according to the amount of points the spread is moved and the number of teams combined to create the teaser. As in the parlay, all selections must win for the teaser to win. Teasers odds are usually worse compared to the parlays.
If-wager.
https://55g.bet/ that allows the bettor to make a second wager, around the same amount, pending a win on the initial selection.
Open Wager.
Open wagers allow the bettor to play teasers or parlays creating a selection at differing times and even different days.
Future.
A bet on a future event. In the beginning of every season, the sportsbooks hand out odds for teams to win a certain championship. The chances change because the game date approaches and in most cases get shorter, but in the event that you win you obtain paid at the initial odds that you took. That is possibly probably the most profitable bets if you have considerable knowledge of the activity you are betting on including the players, and a good sense of judgment.
Exotic Bets.
Betting on unusual events. Some sportsbooks post odds and take bets on a wide variety of other sports related events and activities. A few others will need bets on just about anything you can think of.
Proposition Bet or Prop Bet.
An offer of bets at odds and conditions chosen by the sportsbook, usually on 'Exotic' bets.