Despite age long popularity of many sports disciplines such as football, they still report ever-soaring ratings with each waking day. A lot of this rise in ratings is a result of sports betting as well as fantasy sports, well…to some extent. This glaring fact notwithstanding, a good many people still know naught about sports betting.
If you are such a person and you want to venture into sports betting then here is a piece you should read keenly. This narrative addresses important facts about the industry and the keywords and phrases you are likely to encounter.
Just how big an industry is sports gambling?
The BBC cites a report by a leading sports betting data analyst that estimates the annual sports betting industry’s turnover at between £450 and £625 billion. Seventy percent of this comes from wagers on football.
Available markets in sports betting
Traditional markets consist of the usual choices of wins, losses, and draws. However, the sophisticated markets offered by European bookies include a lot more than just these straightforward choices. Most licensed bookies in the UK for instance, offer more than 200 markets that consist of competitive and intramural matches played on pitches all around the world.
These bookies allow gamblers to bet on aspects such as the correct score, the total number of goals or points, the score at half time or on every half, a number of corner kicks, the first and the last point or goal scorers, just to mention a few.
Key kinds of bets
Every gambler looking to make the most of the opportunities that sports betting offers should first, know the kinds of bets he or she can wager in. There are many of these, however, a few of them stand out and every discerning gamer should know what they mean. These include the money line, the point spread, and totals.
The money line – This refers to the broad aspect of betting where the most important outcomes a gambler needs to identify are the team that wins and the one that loses the games. Gambling by betting on the outcome of such games is referred to as taking the money line.
Such bets normally have two opposing scenarios; a team favored to win and whose wager is normally bigger and an underdog. Gamblers who go with the underdog can place smaller bets because such bets are never safe but the wins are always huge in case of upsets.
The point spread – this refers to that possible range of outcomes that you can predict. Unlike the money line, the point spread assumes that one team will win and as such, you only have to predict the extent of the victory.
Totals – these kinds of bets demand that gamblers the total number of points or goals that all teams will score in a match.
This piece offers a window into sports betting without divulging much. However, delving into netbet will help you grow your gains in sports betting.
