Many players, who love sports, often assert that love is there since there are betting opportunities. The statement is true for thousands of sports bettors, who cannot even digest their two times meals without placing bets on their favorite sports events and teams.
On the other hand, online sports betting sites or online sportsbooks bestows the players with a variety of sports betting events. Besides, you can find many sportsbooks on the internet, offering wagering opportunities on the outcomes of weather, movies, politics, and more. Hence, avoiding the beckon of exhilaration, thrill excitement, and chances of winning lucrative amounts is next to impossible for the people who love to gamble with their fortune.
In this article, we will inform you about a few types of online sports betting, which are important if you plan to start your betting journey.
Underdogs vs. Favorites
When a betting line of a game is released by oddsmakers, the first thing they do is, decide the underdog and favorite teams. The team, which will probably win the game, is the favorite and will have a minus sign beside its odds. The underdogs are expected to lose the match and are entitled to have a plus sign with its odds. The situation when the game has faced a toss-up, books will disclose it as “pick” or “pick’em”.
In two different ways, you can place bets on the favorite and underdogs. The first one would be a point spread, meaning betting the victory margin. A team that has been considered as favorite “gives” points, whereas the underdog is there to “get” it.
For example, the Patriots are favorites with 7 points and against the Jets (-7). If a bettor has betted on a patriot, and the patriot has won with 8 or more points, you will “cover”. If the winning takes place with 7 points, the bettor receives a push. Meaning, wagered amount will be returned to him. If the Patriot has 7 points after winning, the bettor will lose the bet.
On the contrary, if a bettor has wagered on the Jets “plus the points” (+7), either Jets should win the game or taste defeat by 6 or lesser points.
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Moneyline bets are another way of betting on the underdog and favorites. Moneyline bets are targeted towards winning your chosen team. Favorite teams are tangled with minus designations like -150, -200, and -500. When a favorite is -200, you need to wager $200 for winning an additional $100. As the favorite team will more likely win the match, you need to have more risk of betting on them.
For underdogs plus designations are provided like +150, +200, and +500. Meaning, if the underdog wins the game when you have $100 wagered on them, you will be rewarded with $200.
NetBet Sports will offer you with many betting options on your favorite game events.
- Over/Under (Totals)
Bookmakers always combine all the points scored in the game for making a total number of points. It is required as they need to set a particular line for the underdog as well as the favorites. This is what over/under or total.
In this case, bettors have the flexibility of not to bet on the teams, but bet on over and under the total.
As an example, the Celtics and Bulls can score a total of 215 points in an NBA game. Bettors can wager on over as well as under the 215. If the total comes 216 or above, and the bettor has betted on over 215, he wins. If the total comes 214 or lesser, he will lose.
Along with these three betting types, you can place your money with many other betting types. Hence, if you are ready to start your sportsbetting journey now, visit an efficient sportsbook, and start playing without delay.