Sports Betting Rules

Betting is performed through Sportsbooks (US) or Bookmakers (UK) entities that accept bets. It is possible to bet on the outcome of several sports, such as; Baseball betting, Basketball betting, Football betting, Tennis betting, Hockey betting, Snooker and Soccer betting games.

To place an activity bet, you go to a sportsbook, physical or online. You might bet on the phone with many sportsbooks. Note that a sports book or sportsbook is not the same as an oddsmaker. The sportsbook simply accepts sports bets. An oddsmaker is a one who sets the sports betting odds.

You have to state everything you are betting on by making a selection, the sort of bet and the total amount you're wagering. Your selection will obviously depend on the odds offered, and that means you would want to examine the range of odds available before you make a decision.

There are many types of bets it is possible to place. Some sportsbooks may offer more betting varieties and combinations than others. Below is a list of the more common types of bets.

Straight bet or Single.

This is the simplest and most common bet. You bet on successful at given odds.

Point Spread.

This bet lets you bet on a winner from two selections who have been made equal by allocating appropriate points to the underdog team. The Point Spread is the amount of points allocated and is shown with a + sign for the favorite and a - sign for the underdog. The favorite has to win by more than the Point Spread that you can win; otherwise you lose your bet even though the team wins. Inversely, in the event that you bet for the underdog, that team has to lose by significantly less than the Point Spread for you to win. If the favourite wins by the exact Point Spread, then this is a push or perhaps a tie. You get your bet back. To eliminate a tie result, the oddsmakers sometimes add a half point spread. Since scores use full numbers only, one team must win outright.

Buy Points.

Also, to buy Key Points. Move the Point Spread favorably at a price.

The Money line.

This establishes the odds for each team but inversely proportional from what would have been a Point Spread, and is indicated by a + for the underdog and a - sign for the favourite. Say team A is favorite and quoted at -180 and B may be the underdog at + 120. The bets offered will be 10:18 odds-on for the favourite, and 12:10 for the underdog. For every $180 you bet on A you'll win $100 or lose $180, but also for every $100 you bet on B you would win $120 or lose $100.

Total.

A bet for the amount of points scored in the game by both teams combined, including points scored in overtime.

Over/Under.

A bet that the combined amount of points scored by the two teams in the game will undoubtedly be Over or Beneath the total set by the oddsmaker.

Parlay or Accumulator.

A multiple bet. A kind of 'let-it-ride' bet. Making simultaneous selections on two or more games with the intent of pressing the winnings of the initial win on the bet of the next game selected, and so forth. All the selections made must win so you might win the parlay. If a game is really a tie, postponed or cancelled, your parlay is automatically reduced by one selection; a double parlay becomes a straight bet, a triple parlay becomes a double. A parlay bet can yield huge dividends if won.

Teaser.

It is like a parlay, but with the choice to include or subtract points (called 'moving the line') in one or even more Spread bets. When betting a teaser additional points are either added to the underdog or subtracted from the favorite. The odds vary based on the amount of points the spread is moved and the amount of teams combined to create the teaser. As in the parlay, all selections must win for the teaser to win. Teasers odds are usually worse than the parlays.

If-wager.

A bet that allows the bettor to generate a second wager, around the same amount, pending a win on the initial selection.

Open Wager.

Open wagers allow the bettor to play teasers or parlays creating a selection at different times and also different days.

New88 .

A bet on a future event. At the start of every season, the sportsbooks give out odds for teams to win a certain championship. The chances change because the game date approaches and generally get shorter, but in the event that you win you get paid at the initial odds that you took. This is possibly the most profitable bets for those who have considerable knowledge of the activity you are betting on including the players, and an excellent sense of judgment.

Exotic Bets.

Betting on unusual events. Some sportsbooks post odds and take bets on a wide variety of other sports related events and activities. A few others will need bets on just about anything you can think about.

Proposition Bet or Prop Bet.

An offer of bets at odds and conditions chosen by the sportsbook, usually on 'Exotic' bets.