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Sport betting will be the general term for forecasting the end result of some sporting events for example football (better known as online soccer gambling), American football, basketball, volleyball, hockey, horse racing, etc. As a rule, supporters of authorized bookmarking feel that it is like a hobby for lots of individuals. It adds the interest in sports competitions as well as in this way sports betting is good for teams and individual players. On the flip side, opponents are afraid that due to 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 several formats for presenting odds:
Decimal odds format (is additionally 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 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 which was won to the stake. The even bet within this format is 1/1.
Money line odds format (most of US based sites name it “the American format”) which is popular within the USA. Money line odds are the sum won a hundred stake if positive and the stake must win 100 if negative. The even bet within this format is 100.
Propositional bets are placed on predicting the specific result of the match. One example is 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 as well as 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 will get a sizable pay-off.
With teasers you can combine your bets on two or more games. You may customize the point spreads for two different games, but inside this case you’ll get a lower return on your bets in the event that of winning.
Goal line, puck line or run line bets are alternatives to money line prices in football, hockey and baseball, correspondingly. As an example, let’s analyse the baseball game between the Kansas City Royals and Colorado Rockies. The run line may appear like this: Kansas City Royals -1.5 (+100), Colorado Rockies +1.5 (-120). If you’re taking Royals on the run line, you may avoid risking $200 to win $100 on the moneyline, but will collect only should the Royals win by 2 runs or even more. Similar to this, a run line wager on the Rockies are going to pay if Rockies loses by no more than a run, but it requires the bettor to risk $120 to win $100.
Future wagers (in line with the name) are your bets on future events. For instance, you are certain that Team A will surely win the championship in the next season. You should place this bet prior to the beginning of the season. You won’t get your money (if you win) ahead of 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 to forecast competitors results against each other. You do not bet on the general result of the competition. These kinds of bets are mainly employed in Formula One races when you try and 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 according to the percent of total exchange that every possible result received. The return rate of the bookmaker is also taking into account. For example, in the event 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.