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Sport betting is the general term for forecasting the end result of some sporting events such as football (also known as soccer), American football, basketball, volleyball, hockey, horse racing, etc. As a rule, supporters of authorized bookmarking assume that it’s like a hobby for some people. It adds the interest in sports competitions as well as in this way sports betting is good online gambling for teams and individual players. Nevertheless, opponents are afraid that as a result of a lot of cash involved gambling can blur the boarders between real and fixed games and the true quality of sports games will be affected.
There are actually several formats for presenting odds:
Decimal odds format (can also be know as the European format) which is popular in Europe, Canada and Australia represent the ratio of complete pay-off to the stake. The even bet in this particular format is 2.00.
Fractional odds format (some professionals call it the UK format) which is preferred in Great Britain represent the ratio of the sum that was won to the stake. The even bet in this format is 1/1.
Money line odds format (most of US based sites name it “the American format”) which is popular in the United States. Money line odds will be the sum won a hundred stake if positive and the stake has to win 100 if negative. The even bet in this particular format is 100.
Propositional bets are placed on predicting the specific result of the match. As an example, a bettor tries to predict the range of scored goals by a football team or some individual player.
Parlays bets are a combinational bet which usually consists of several bets and in case of success the bettor get a big pay-off. Let’s look at the example. If you want to bet for the outcomes of 5 different football matches, you may include five different wagers in a five-team parlay. If you fail to predict even one outcome correctly, you lose your bet. But if you manage to predict correctly all of the results you are going to get a big pay-off.
With teasers you can combine your bets on two or maybe more games. You can customize the point spreads for two different games, but in this particular case you’ll get a lower return on your bets in case of winning.
Goal line, puck line or run line bets are alternatives to money line prices in football, hockey and baseball, correspondingly. By way of example, let’s analyse the baseball game between the Kansas City Royals and Colorado Rockies. The run line may look like this: Kansas City Royals -1.5 (+100), Colorado Rockies +1.5 (-120). In the event you are taking Royals on the run line, you can avoid risking $200 to win $100 on the moneyline, but will collect only if the Royals win by 2 runs or even more. Just like this, a run line wager on the Rockies shall pay if Rockies loses by no more than a run, but it requires the bettor to risk $120 to win $100.
Future wagers (based on the name) are your bets on future events. One example is you are sure that Team A can win the championship in the next season. You need to place this bet ahead of the beginning of the season. You will not get your hard earned money (if you win) before the end of the season. As a rule, odds for such bets are calculated as a ratio of paid units to wagered units.
In head-to-head bets you try and forecast competitors results against each other. You do not bet on the general result of the competition. These kinds of bets are mainly utilized in Formula One races whenever you try to predict the position of drivers among-the others (as a rule, you bet on 2 or 3 drivers).
In totalizators your odds vary in real-time determined by the percent of total exchange that every possible result received. The return rate of the bookmaker is also bearing in mind. For example, should the return rate of the bookmaker is 90%, 90% of the total money placed on the winning outcome will return to bettors and 10% will go to the bookmaker.
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