Some Important Sports Betting Facts
Sports betting has been in existence ever since the sports themselves came into being. While many people face difficulties overcoming the addiction of sports betting, others can’t even come to terms with it.
On the other hand, while some people fear that the integrity of sports can get hampered by gambling activity, others are of the opinion that sports betting enhances people’s interest in those games.
If you place sports bets yourself or have been studying this industry for some time you’d know that the betting odds are normally offered as money line odds, fractional odds or decimal odds. Bookmakers based in the UK primarily use fractional odds, the ones in US favour money line odds and the ones based out of continental Europe, Australia and Canada follow decimal odds.
Any sort of sports betting activity is mainly done via legal bookmakers either based off-line or on the Internet. How bookmakers earn a living for themselves is by charging a certain margin, commission or vigorish on every bet placed with them.
Some of the alternative bets offered by these bookmakers include:
Teasers – These bets allow sports bettors to combine bets placed on two or more distinct games.
Parlays – These involve multiple bets linked to each other, which if won, guarantee a significantly larger payout than individual bets.
Future bets – These are essentially long-term bets, for instance bets placed on a certain football team to win the upcoming World Cup.
Proposition bets – These are highly specific bets, for instance, the kinds which involve getting the total number of games that will be played in a tennis match.
Head to head bets – These bets involve wagering money on one or two sports players to outperform others.