Share your videos with friends, family, and the world. Exchange betting is another relatively new development in the world of sports gambling that has grown in popularity in recent years. A lot of people choose to use betting exchanges for most of their wagers these days, and some do all their wagering this way.
Understanding the different types of betting options is crucial when you’re getting a start as a first-time sports bettor.
The Point Spread: Betting the spread
For those new to sports betting, the point spread is the simplest, most straightforward approach to placing wagers.
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Sports books set a predetermined margin of points on a game and a team must win – or not lose – by that set number. That’s why you’ll often hear people say the team won, but they “didn’t cover the spread” so their bet still came up short.
It’s not a matter of a team winning or losing like in a moneyline bet.
For a favorite: The favorite must win by more than the point spread.For an underdog:
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The underdog must outright win OR lose by fewer than the point spread.Sports books aren’t in the business of predicting who will win or lose games. Their goal is setting a pre-game point spread with the intention to generate an equal amount of betting action/volume on both sides of the ledger – as much total money being bet on the favorite as on the underdog.
The vast majority of point spread wagers are made on football and basketball because of the proliferation of points that are scored in comparison to sports like baseball and hockey, where 1-0 or 2-1 games aren’t that out of the question or out of the norm. There’s one every night.
For example, the New England Patriots are playing the New York Jets and New England is a 9½-point favorite. Bettors typically have to spend $110 or so to win $100 with sports books, known as “the house edge/advantage.” With a point spread bet, simply having a team win the game isn’t the key. The critical factor to betting a point spread is how much a team wins or loses by. If a wager is placed on New England – “laying” the 9½ points – the Patriots need to win the game by 10 or more points for that bet to pay off. If New England wins 28-20, those betting on the Jets plus 9½ points (points added to their final total) win the bet.
The same general rules apply for basketball and are quite easy to follow because of the inherent simplicity of the bet. When it comes to betting sports like baseball and hockey, the standard bets are made on the “money line” – an established number for both teams to win the game outright.
What makes point spread bets attractive are the fluid nature of each game – it’s a reality show that, when done right, is inexplicable. Games change on one play and momentum is a thing. But, when it comes to point spread betting, you know where you stand at every moment.
For those just starting out, the simplest form of gambling is betting the spread because it’s the easiest to explain and understand, which explains why it is the most popular form of sports wagering.
Wikipedia describes sports betting as “the activity of predicting sports results and placing a wager on the outcome.” While that does accurately describe what sports betting is all about, the term sports betting is actually quite vague. It covers a multitude of different (but related) activities, and it can be applied to any type of wager associated with sporting events. Fixed odds betting may be the most popular way to bet on sports, but it’s certainly not the only way.
Some types of sports betting are relatively new. The internet hasn’t only changed the way that most of us place our wagers, it’s also opened up new possibilities for alternative types of wagering. Other types have been around for a lot longer, and some have even been around longer than the internet itself.
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In this section of our sports betting guide we’ve provided information on several popular types of sports betting. We start with a brief explanation of fixed odds betting: the traditional way to bet on sports. Then we move on to in play betting, also known as live betting, which has become a standard form of wagering at most online betting sites. After that we move on to exchange betting: a new form of placing wagers that doesn’t even involve a bookmaker.
Betting 101: What Is A Money Line Bet In Sports Betting?
Spread betting is next; although this has been around for a while, it’s not as well known as the other types. Then we discuss daily fantasy sports. Although this is technically not a form of wagering at all, it does involve risking money for the chance of winning money. And it’s sports based, so it fits here in our opinion. After that we move on to pari-mutuel betting, which has been around for well over a century. We finish with e-sports betting: a very recent development in sports gambling that is just starting to take off.