An activity that was considered only for the rich section, was done with a wink and a nod and could be seen only in movies is nowadays done openly! We all like some sports and usually while watching a live match, we do predict whether our favorite team will win or lose. The same task when involves money is called betting. Many states are legalizing this thing because they can earn revenue by taking some tax on it.
So, if you go to Las Vegas just for betting then you can get the same benefits in your state too! Though it all depends on your luck and fate but the professionals reject this theory. Cricket, rugby and basketball are the most popular arenas for betting. Though winning money is the major reason of participating in sports betting and เกมส์สล็อต, some do it release their stress, and some accept it as a mental challenge.
Types of Bets and the terminology attached: –
- Money line: – The simplest of all – pick the winner. Those having negative odds are likely to win while those with positive odds are the underdogs. The wager earned on the total points scored is know as over/unders. One has to decide whether the total will go ‘over’ or ‘under’ the number decided by the oddsmaker.
- Prop Specials: – So, rather than betting on the whole event, some would like to bet on specific events. For e.g., a bet on number runs scored in the first innings of a cricket match or number of runs in a particular over.
- Parlays: – High returns come with high risks. If you bet on two or more bets on a single ticket, the wager earned is called parlay! These are quite popular but very risky because it is essential to win all the bets. The If/Reverse type bet is also available which acts like a chain reaction. If you win the first bet, you win the other too but if you lose the first then you eventually lose the others!
Point Spread: – The most popular in the NFL or NBA. A margin of points at is calculated for both favorites and the underdogs. The favorites need to win by more than the margin calculated while underdogs need to keep their score below than the margin!
Live Betting: – The most exciting feature introduced in the field of betting. Wagers are placed after the action has already taken place. The whole market varies immediately and the odds move fast.