If you love sports and you want to make money out of the games you enjoy watching, you can actually participate in sports betting to make extra money while having fun. Indeed, sports betting has made watching your favorite games even more exciting and thrilling.
Betting on sports games involves risks, and that you can actually lose everything in an instant. Thus, if you are a risk taker, betting on the results of games can be a fun way to make money whether offline or online.
To guide you through the different types of betting in sporting events you can do, here is a simple sports betting guide that you might find useful.
Straight bets or side bets is the most common type of betfair sportsbook wherein you place your bet on a team that you think will win the sporting event. However, it is a fact that there are teams in certain games that are mostly favored by the public, or the favorites to win and those underdogs. In this case, a point-spread is involved. You will often find the favorites indicated by a minus sign while underdogs are indicated by a plus sign before the amount of the spread. Sometimes, there are also no spreads involved if it is determined that there is even money.
In some other forms of betting, point spread is not used but you have to pay more for a favorite than putting your bet on an underdog. That means, you can pay $150 to win $100 if you bet on a favorite and you can win, say, $180 with a $100 bet on an underdog.
Aside from betting on who will win the game, you can also bet on the total score of the team after the game. This can be done by betting on the combined total score of both teams compared with the score set by the odds maker. You can either bet below or above the set score and win if you get it right.
You can also bet on parlays or a combination of bet types or a bet on two or more teams. In a parlay bet, you can actually combine a totals bet with a money line and many other combinations of bets but you have to have a hit on all your picks to make a win. The parlay is actually a high risk bet as a single miss will make your whole parlay a loss as well. However, this will also make you good money if you hit all your picks.
With a good sports betting guide at hand, you can actually make good decisions on where to put your money. Winning in sports bets is not just about luck but also about knowing where to place your money given the different rules and chances of winning in the different types of bets. A good understanding on the different types of bets can indeed be of big help in making good money in betting in different sports.