Sports Betting 101
Sports betting involves placing a wager on the outcome of a sporting event. It is often based on statistics and math rather than emotion. Some bettors try to make a profit by making several small bets each week. While this can be successful some weeks, it is generally a losing strategy. A better approach is to open a specific bank account that’s used only for sports bets and place a fixed amount of your total bankroll on each bet. This way you can keep your emotions in check and make informed decisions based on the facts.
A lot of sports betting is done on the basis of point spreads. The point spread is a number that handicaps one team and favors another when two teams play each other. The goal of the point spread is to allow bettors to make money on both sides of the bet. The spread is listed with a plus sign (+) and a minus sign (-) to indicate which side is the underdog and which is the favorite. Usually, the odds are expressed in increments of half-a-point (.5) even though very few sports have a score that uses a half-point system. This is done to eliminate the possibility of a push, which would mean both bettors get their money back.
In addition to the typical bets on teams and individual players, there are also many props to bet on. These include things like predicting what color Gatorade will be dumped on the winning coach, which song the halftime performer will sing first and how long the national anthem will last.