Sports betting is certainly a very challenging form of betting and despite its apparently seeming lack of strategy and absolute reliance on any knowledge of the event, the truth is, good sports betting really relies on a great deal of strategy which is required to win. (Sports betting systems). The most important tactics involve a close analysis of the information upon which a sound judgment must be based and thereafter the bet must be placed. A winning strategy takes a few salient factors into account which are:
1. The bid amount
2. The kind of bet
3. The odds on offer
Sportsbooks in the US and Bookmakers in UK are businesses that take sports bets. The bets can be placed predicting the finishing game results of quite a few sporting events like Baseball, Snooker, Basketball, Hockey, Soccer, Football, Tennis and hundreds of athletics. Here are the most basic definitions you should know: a sportsbook is the one who accepts the sports bet. An oddsmaker is the entity that sets the odds of the bet.
Betting the Odds
In order to place a bet, you must first select the type of bet and the amount you will wager. This naturally will depend upon the odds that are currently being offered. Before placing any bets, carefully study the range of all the available odds.
For the bet to be worthwile, the odds should be in a ratio of at least 2:1. Also take into account the total amount being given by way of commission to the sports-book. This should ideally be a minimal percentage of the entire value of the odds.
Given below is a list of some of the more common types of bets:
1. Single or Straight Bet: This is the most basic form of betting and allows you to bet at given odds, upon a winner.
2. Point Spread: With this type of bet, one can bet on one of two selections that have been equated through the allocation of suitable points. In the Point Spread, the number of allocated points are shown with a + sign for the favorable side and a – sign for the underdog. In order for the better to win, when the favored team must win by more than the Point Spread. On the flip side, if a bet has been placed on the underdog, that team has to lose by less than the Point Spread for the better to win.
3. Buy Points: This kind of bet involves moving the Point Spread positively, by paying a price.
4. The Moneyline: This kind of bet is simply on who will win. It establishes the odds for each side but is the reverse of the Point Spread, with a – sign standing for the favorite and the + sign for the underdog.
5. Total Bet: This is similar to point spread bets, only in that the better bets on the total points scored.
6. Over/ Under: This bet takes into consideration the number of points scored by the teams in any game will be beyond/ over OR below/ under the total set by the oddsmaker.
7. Parlay of Accumulator: This type of bet is betting on multiple sporting events in the hope that a big payoff will be made if all win. The picks are made in relation to the point spread. Even if one event does not win or draw, the better loses the entire bet. This type of bet can generate huge amounts of money, in the event of a win.
8. Teaser: A teaser is very similiar to a parlay, except it has the option of adding or taking off points from one or more than one Spread bets. The odds depend upon the number of points the spread is moved as well as the number of teams that are combined to form the teaser.
9. Futures: These are bets on who will win the championship in the event that there are more than two possible teams to bet on. Substantial variations between sportbooks exist in house edge on futures.
10. Buying Half a Point: In this, the straight bet player has the option of moving the point spread half point to his advantage. The best time to buy a half point is when one team is favored by 2.5, 3, 6.5 or 7 in football. This is primarily due to the fact that several games end in a 3 or 7 point difference. The extra half point may end up turning a loss to a draw or a draw to a win.
Of all these types of bets, three types of bets are prominent and must be used for the simple reason that they are simple themselves, are easy to win and have a good chance of winning. These bets are the Straight bet, the Doubles and the Future.
Some betting tips that will help push you toward a big win are:
1. When placing a bet, always do an intelligent analysis of the odds and the offer of the bet.
2. For a simple bet, stick to the Straight bet because it is non-complicated and has good winning prospects.
3. Bet wisely by keeping your selections limited. Also, limit the amount of influence in your betting. In other words, if you are a fan of a team try to limit the effect of that favoritism when placing bets.
4. One of the most rewarding bets is the ‘Future’ bet but only if you know a lot about the sport being played and about the players.
5. By making sure your betting is systematic and analytical, one can greatly improve your judging ability.
6. Do not rebet with your winnings immediately. If you do not follow the standard rule of 50%, make sure you least put some of your winnings back into your pocket.
7. When choosing a sportsbook, make sure your sportsbook is a member of a known Gambling Association, makes a quick payment and is easily accessible. Consider carefully about matters pertaining to disputes.
8. Train yourself to look for value odds – you will become very efficient at this soon, with time and practice.
9. If deciding between two seemingly equivalent choices, trust your judgment and not that of those who have bet before you. In doing so, choose a selection with a little higher risk so as to hike up the winnings.
10. Bet on games and leagues where the sportsbook’s commission is the least. This is most often in the sport or sports with which that sportsbook does most of its business, and is most likely the most efficient in that area.
Now that you understand sports betting, you may want to consider using a sport betting handicap. Here you can read a full review on John Morrison (considered the best handicapper to some): the Champ Selections