Sports betting is done in the following way:
1) You go to a sportsbook in person or via the Internet.
2) You put money (or any other value) on the team, player or animal
you like.
3) You win or loose you bet(s).
Now it's important to know one fact about sports
betting:
The ways you can bet on sports depend on the sport you are betting
on! Betting on football for example is done in a different way than betting on
horses. So first of all read the basics and then choose the
sport you want to bet on to get the knowledge about it.
The Basics
A place where people go to bet money on sports is called a
"sportsbook". In Europe sportsbooks sometimes are called
"bookmakers". Anyway, if people win they get paid by the
sportsbook and if they loose the sportsbook will keep their money
and split this money up between the winners. It's the same as betting with a
friend, only sportsbooks bet with more people and have to give your
winnings to you in time.
The key to understanding betting on sports is to understand how the
sportsbooks make their money and this way to calculate your expected
winnings
and odds of winning as well. The odds are a ratio that tell you how
much money you will get in winnings for a bet. If you understand
how the sportsbook makes its money you will understand the rest of
each tutorial quite easily. From here on you can pick the sport you
want to bet on to find out more. It's interesting and useful though to read
all of them - one after another - to gain the greatest
possible knowledge. Remember: in sports betting you make money with
knowledge. Pari-Mutuel
Betting System (Horse Racing, Greyhound Racing, Car Racing)
Point-Spread Betting System (Football and Basketball)
Money-Line Betting (Baseball) |
