Online sportsbooks have defied all odds and become the most preferred betting platforms by most bettors. Their popularity is rising at alarming rates due to their simplicity and the user friendly features they offer. But how can you best benefit from online sportsbooks? Here are some of the tips suitable for both rookies and actively participating sports gamblers alike.
a) Try To Evaluate Common Betting Odds
The best and most secure way to learn online sportsbooks is by following and understanding the possibility of any successful bet to occur. You need to realize that betting lines usually correspond to the $50 mark. In cases where the figure is negative, then the bettor is obliged to bet a specific number of times to win the $50. For instance, whenever a betting line is -200, then it is mandatory that you gamble $200 to secure a $50 gain. But what if the betting line is positive? (e.g. +150). Here the rule states that you will gain a $150 profit for every $50 you bet. It simply means chess gambling that you can make $50 extra if the betting line is positive instead of negative.
Also, if the betting is positive, there is always a guarantee that the bet is returned to the bettor collectively combined with the interest made. For example, if the betting line was +180, you are always assured of making a $230 profit which comes together with the $50.
It is necessary to know that we have used the $50 example as a betting line in this context but it can be any figure.
b) What Online Sportsbooks Are You Familiar With?
You can participate in any online sportsbook as long as you know the betting odds. There are three commonly recognized types of sports bets, which include the moneyline, the total and finally the side.
A “moneyline” bet is the easiest and fastest online bet type. It doesn’t involve many attributes; it is simply a bet made on who will be the winner between the opponents. Bettors can give any stake which normally doubles if the team the person supports wins.
Another common online sports bet is the “side.” The side is usually used by the betting liners to find the equilibrium between the two gambling sides. This is a complicated type of bet but is widely used by US gamblers. For instance, if the lines maker decides that Arsenal leads Manchester United by 15 points and you decide to support Arsenal -15, then you are likely to obtain the odds of -65. This is only if Arsenal beats Manchester United by 15 points. But the condition is reversed if Arsenal gets less than 15 points. In this case Manchester United is declared the winner. Lastly, in the case of a draw, all the bets are returned to the gamblers. This is called a “push.”
The “total” is also another popular online sports bet. But how is it played? It is a bet that determines the overall points summed up from both parties in any sporting event. The lines maker may decide to set a specific point total such as 30. If one decides to bet less than that mark, this is called “under,” otherwise it is called a “push” for any bet above the 30 point mark. A draw bet is also called a “push,” which directly implies money should be returned to the bettors. However, it is not easy to bet a draw and as such the lines maker normally creates a betting line where it is possible to find the winner.