Before the inception of the internet, telephone sports betting was slowly gaining fame all around the world. Bookmakers were continuously taking advantage of brand-new technologies by offering a wide range of betting options through toll free numbers with automatic sports wagering services. Sports gambling business went through the roof at the end of nineties when the bookmakers brought their operations to the cyberspace. Thanks to the development of Internet sports books, gamblers can now create accounts and place wagers quickly in the comfort of their rooms. With a couple of mouse clicks, you may access elaborate interface that display all your available options and place bets by making selections from the menu. You also have direct access to account details, such as your balance, your betting history and your pending wagers. The gambling software calculates all odds for you and shows immediately how much cash your pending bets stand to make.
Betting at a sports book is more like ordering food in a restaurant. As a patron, you are given a list of what are available and their costs. In Las Vegas, the “menu” is frequently shown in lights on a facade someplace toward the back of the casino. Sport betting in the Internet is a little more informal, but the processes are roughly similar. Each sport event is listed with either a spread or a money line, and your task at hand is to only select the item menu. You do it by either clicking a check box, a team name, or an icon showing your choice and the web site generates a web form explaining how much you are betting and how much you may win. All of the local bets are kept inside password-protected online database in which you can tightly monitor how much cash is in your account, the amount of money that is currently in action, which players or teams you have selected, and the result of your earlier bets.
It is a straight bet in which the bettor takes odds when betting on the underdog and gives odds when betting on the favorite. For, example, if the money line for the Chicago Blackhawks versus the Detroit Redwings game is 8 to 5, with Chicago favored, you place $8 to win $5 on Chicago or $5 to win $8 on Detroit. Certainly, remember that the sports book acquires a cut of winning bet for itself.
Against the Spread
If you are betting against the spread, an underdog is given extra points. For instance, “Seattle (-5 1/2) versus Pittsburgh” means that Seattle is a ‘five point’ favorite, and bets on Seattle only pay if Seattle wins by six points or higher. However, if you select Pittsburgh, and Pittsburgh loses by five points or fewer, you still win that bet. ‘Against the spread’ bets are common bets for basketball and football games because these games are high scoring sports.
You can bet on the over/under when you have good reasons to believe that the game’s final score will be lower or higher than what the odds makers expect. The only thing that really matters is the total number of scored points. For example, if the over/under for the Denver versus New England game is 40, and you pick the over. As long as 41 or higher total points are scored, then you will win the bet.
Here is where the payouts get bigger or the odds get tougher. A parlay is a bets combination in which you can win only if all of your selections are winners. It is the perfect choice for the all-or-nothing kind of sports bettor.
The Proposition Bet
It is a bet on a certain aspect of a sport event such as the number of completions a quarterback will make or the number of strikeouts a pitcher will get.
Future is a bet, taken well beforehand, in which sports books give odds on a particular player or team accomplishing a particular feat, like winning a sport match.
It is a parlay variant in which you can increase your winning chances by adjusting the point spread in your favor. For instance if you want the Falcons (-3), the Bears (+2), and the Jets (+5) with four teaser points, the point spreads are adjusted as follows to Falcons (+1), Bears (+6), and Jets (+5). The trade-off is that the bets are paid at greatly reduced odds.
The Place Only Bet
It is more popular in horse racing, in which you choose a player or team to finish among a few nominated positions at an event. Usually, winning place bets should finish are first, second, or third position.
The Each Way Bet
You bet on a player or team to win or place after an event. Such a bet needs you to put money up for every outcome. Evidently, the payout is much bigger if the player or team you select comes in first.
A wonderful thing about the cyberspace, when it comes to online sports betting and online gambling, is its unlimited options. Online sports betting may become a very unconventional gambling arena, a notion that can sometimes be perceived as unsafe because there are few guidelines and rules, or as inviting since there are more opportunities and chances to have.