Betting basics

Betting is a form of gambling, where you put money on the team you think will win. After winning, you get double or triple the original money you put in. Because it offers great value for the money invested, many people bet online on their favorite team for quick cash.

Sports betting is common across all sports from soccer to American football to boxing to tennis.

So what does betting on online websites involve? Create a username and password, a money account to put your money in and a list of games to bet on. There is a science or rather, mathematics behind betting and winning odds.

The math behind the bet

The marriage of math and gambling goes a long way. Chances of winning can be calculated by making the right decisions and analyzing the situation at hand.

The calculation in Parlays bets is: (team count)*(probability of one team winning the first time)*(probability of the same team winning a second time) = house edge.

Each betting method has its own math and each math ultimately gives a house edge. If we see, the more the number of teams, the more chances the hosts win and you lose.

Bet type

There are about 20 different betting methods: Straight bet, money line, Spread, Runline, Puckline, Total Game, Team Total, Points Buy/Move Line, Parlay, Teaser, Round Robin, If Bet. Action Points/Bet, Reverse Action, Reverse Action Birdcage, Future Bet, etc.

Tips and Advice

Understand the odds behind betting. It all comes down to strategy. Gambling is not based on luck.

Reading odds is an important skill. Betting website professionals can compare odds from various other websites and provide you with information.

The betting system varies for each game. Find out which bet is the most suitable for the selected game. For example, the Spread system works best with high-scoring games like American Football and Parlays with baseball.

Bet on the home team.

Bet at the right time.

Gambling and alcohol NEVER go together

The bookmaker releases the line containing the best numbers. Betting on the best lines should be your top priority.

Betting is smart gambling. If you don’t use your brain, you will lose all your money to the house, or in this case, the website. So make sure that you have adequate knowledge of betting systems before you step into the American sports betting arena. Play smart, bet calculated.