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 Sports Betting Tutorials

 

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)

 

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