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Posts Tagged ‘sports betting’

How to understand Sports betting

Sunday, January 1st, 2012

When taken to the edge, sportsbetting really comes down to two things, you either win or lose, and the difference is huge. Whereas the winner gets the payout, the right to brag and feel good about himself, the loser don’t get any money back and probably feels a bit low.

Although sports betting is a popular activity, there’s not really a lot of people who actually understands it. Depending on where in the world you are, people view it differently. In the United Kingdom, it has always been popular and people generally view it as harmless, where in other countries it’s illegal. There are several reasons as to why sports betting is illegal in some countries, the main one being that people risk to get hooked and end up in bankruptcy, although the vast majority of punters manages to keep their sports wagering to a reasonable amount. You can find out more of which countries allow sports betting and which don’t at sites like Apuestas Deportivas or, which both offer a wide selection of betting articles and some great bonos apuestas!

There are certainly punters out there who bet on sports not in order to entertain themselves for the sports themselves, but ends up doing it anyway as you add the money factor. Usually betting is made to a bookmaker, who’s responsibility it is to document the odds as the bet is placed, and later to make sure the right payments are being made after the game is done. All the bet really is, is your prediction of the outcome of the game.

All that sports betting is, when you define it, is putting money into the expected outcome of an event, the bookmaker then payout the winning bets according to the odds of the event. Apart from this basic form of gambling, there are more complicated bets to make, and these are to be made by more experienced players, commonly referred to as sports investors.

Keep in mind though that these bets involves higher risks and higher rewards than normal bets. Some of the popular bets include point spread bets, totals and moneyline bets. Parlays, over and under’s and lay bets are other forms of bet you will hear about. It’s a good idea to stay away from this until you get a bit more comfortable around the bookie!