The Comprehensive Intro To All Things Sports Betting
What is Sports Betting?
The definition of sports betting is when a bettor tries to predict the results of a sporting event and bets on its outcomes. If the bettor’s prediction is accurate, they win money and vice versa. Sports betting has probably been around since the invention of sports, with the Roman chariot races being our current earliest historical record of it.
Today, sports betting covers just about every sport imaginable although the most popular ones would be Soccer, Tennis, American Football, and Basketball. The modern sportsbook industry is a multi-billion dollar one that, with the internet, has seen the practice explode in popularity.
This article will cover the basics of sports betting and its mechanisms!
How Sports Betting Works
There are quite a few ways to bet but first, we must know what odds are. Odds in sports betting are an estimate of the probability of an outcome. They affect how much you stand to lose or win depending on which outcome you pick.
Bookies set the odds based on what outcome they think will most likely happen, and they alter the odds based on any recent development that may affect the outcome such as an injured player.
The odds are represented by the symbols (+) and (-).
(+) denotes the underdog pick and how much a bettor stands to win with each successful SGD 100 bet.
(-) denotes the favourite pick and how much a bettor needs to bet in order to win SGD 100.
For example: In Side A (-180) versus Side B (+140), Side A is the favourite pick against the underdog, Side B.
Betting SGD 180 (-180) on Side A and winning will get you SGD 100. If you bet SGD 360 and win, you will get SGD 200, and so on.
Betting SGD 100 on Side B and winning will get you SGD 140 (+140). Betting SGD 300 and winning will get you SGD 420, and so on.
Different Ways To Bet
1.SINGLE BETS:
A Single Bet, also known as a Straight Bet, is a bet on the outcome of a single game or event. It is the simplest and most common bet type.
2.PARLAY BETS:
A Parlay Bet hinges on the outcomes of several Straight Bets. If all outcomes come true, the payoff is very high but if even a single outcome is incorrect the entire bet flops.
3.SPREAD BETS:
A Spread Bet is a wager on the margin of victory i.e. bet not based on whether a team wins or loses, but by how much they win or how much they lose.
4.PROP BETS:
A Prop Bet is a specific bet on particular outcomes in a single event or game such as who scored in the game or how many points they racked up.
5.TOTALS BETS:
A Totals Bet is a bet on whether the combined final scores of all sides in an event exceeds or falls short of the amount bookmakers set.
6.FUTURE BETS:
A Future Bet is a long-term bet on how a future event will turn out. This usually applies to outcomes that may take an entire season to reveal themselves such as who is the overall top goalscorer for example.
Time To Place Your Bets
Sports betting is a really fun way to spice up your usual sports-watching sessions. And with how many online sports betting sites are out there, it’s never been more accessible. But to get the best bang for your e-wallet, start betting at a reliable and trustworthy site like Play88, an online Singapore betting site featuring full customer support and live chat! Register now and get an exclusive Welcome Bonus!