Sports betting has been one of man's favorite pastimes for centuries now. It all started over 2,000 years ago in Greek when the Olympics were introduced and quickly spread to Rome, where sports betting was legalized. Today, sports betting has reached almost every corner of the world, thanks to the rise of sportsbooks.
With that in mind, it is generally known that losses can be more common than wins in sports betting. And without proper guidance when starting out, quitting is inevitable. So this insights page gives you a glimpse of what to expect in the wider world of sports betting. Continue reading!
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Depending on who you ask, sports betting can be difficult or quite easy. For starters, the whole thing just involves picking a sporting event, choosing a team, placing some money and hoping for the best. Even better, most new sports bettors place bets on teams or events they already follow. This absolute simplicity is definitely why sports betting is so famous all over the world.
But for seasoned players, simplicity and profit should not be confused. While anyone can bet on sports, not everyone can win. That's because a successful sports bettor must invest a lot of time and effort in research and strategy. In short, it takes some commitment and hard work to make a niche in this industry.
For example, aspiring bettors should know about popular betting markets and odds. From there, conduct research into key stats like recent form, home/away, head-to-head record, weather, player absences, and more. Overall, knowing most of these stats can reveal more about a team's ability to win.
It is important to remember that sports betting sites consider a lot of factors before placing odds. As such, bettors have the right to consider everything that may affect the outcome of the match. So gather as much information as possible.
Discover our top betting guide
Fortunately, the experts at BettingRanker are dedicated to providing bettors with all the information vital to success. Here are some of the top guides to read:
- How to - In the world of sports betting, some things may look simple but are difficult to master. But with detailed instruction content, playing sports betting becomes quick and easy. The tutorials here teach bettors how to place bets, choose the right markets, calculate odds and solve most sports betting problems.
- Strategy - When it comes to choosing the perfect sports betting system, opinions differ. In any case, the guides here present the best winning strategies to drive quick profits. Betting strategies apply to popular markets such as football, golf and baseball.
- Explanation - Simply put, starting a new betting journey can be overwhelming. Luckily, these top betting guides will hold your hand throughout the process. You will clearly understand bet types, sports betting mechanics, responsible gambling tips, e-sports betting, and more.
- Odds - It's stupid to think about betting on sporting events without knowing the odds. So keep it here to learn the main types of odds and how they pay out.
Betting glossary
Like in any other gambling world, sports betting is full of confusing terms. In fact, don't bet without learning some of these terms. So here is a table with all the traditional sports betting terms for you to understand:
- Action - Bet or bet.
- AET - Extra time or simply extra time
- Against Spreads - Game results, including point spreads
- American Odds - Odds are based on 100 units. They are an alternative to decimal or fractional odds and have plus (-) and minus ( ) signs to show the favorite team. likes and weaker teams, respectively.
- Bankroll - Total amount for gambling purposes
- Bonuses - Incentives or rewards offered by sportsbooks for both new and loyal players
- Bookie - Short form of a bookmaker, bookmaker or bookmaker. The bookie sets the market odds at a sportsbook
- Chalk - A favorite team or player for the event
- Pinpoint - Where the points difference at the start of the game
- Correct Score - Bets on correctly predicting the final score of the game
- Decimal Odds - Sometimes called European Odds, these are the predominant types of odd odds on the European market. They are represented in decimals
- Dime - It refers to bets worth $1,000, $100 or $10
- Dog - The underdog or weaker team is less likely to win
- Double Chance - There are two options to win the bet. Example: betting on a loss or a draw in a match
- Edge - The bettor's advantage over sports betting and vice versa
- Even Money - Bet $100 to win $100
- Fixed Odds - Odds do not change after placing a bet
- Fractional Odds - Odds are listed as fractions. Example: 1/3 instead of -300 in US odds
- Handle - Total bet on a game
- Handicap / Dealer - Bettors analyze bets before placing bets
- In-play betting - Another name for Live Betting
- Juice - Bookmaker's commission from winning bets
- Lock - The most favorite to win the game
- Longshot - In favor of the loser in a single bet
- Moneyline - Win or lose with absolutely no point difference
- No Action - A no more wagering game
- Odds for Favorites - A team or playstyle with the potential to win
- Oddsmaker - Another name for a bookmaker or bookmaker
- Over/under bets - The combined score of both teams or players is greater or less than what the bookie sets
- Player props - Rate the actions of each player in the game. Like, the first player to score or get a yellow card
- Score difference - The number decided by the distributor that represents the difference between the losing team and the winning team
- Sharp - A shrewd professional sports bettor
- Steam - Line suddenly changed due to a lot of bets
- TKO - Technical Knockout
- Total - The total number of points that the player selected by the player or team scored
- Wire-to-Wire - Bet on a team to take the lead in every quarter or half of the match
- Under - A team or player with long odds or little chance of winning
- Betting - Bet at a sportsbook
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