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In the event that you are a sports enthusiast and had wished to wager on sports within the past, but were weighed down by all of the technical jargon for example point spreads, odds, and book making, relax. After you have read this post, you shall be ready to participate within a short period of time. Although sports betting may appear quite daunting originally, it isn’t as complex as it may seem.
Gambling had deep roots in England and quite naturally, the colonists brought their love of gambling over to the states and continued with the tradition. Early colonists are already known to bet on cock-fighting, boxing, and horse racing. In the early nineteenth century, nearly all best online soccer gambling agency was centered on horse racing with boxing in second place. On the contrary, with increasing popularity of baseball, the focus of sports gambling shifted to baseball betting towards the later included in the century.
Through the start of the twentieth century, sports like the college basketball and football started getting the attention of general public and with the passage of time these sports were competing with baseball with regards to popularity. The earliest form of wagering on football and basketball involved the use of odds – a system still practiced today – better known as the money line.
The method of betting with money line posed big problems for the bookmakers and they were forced to come up with a substitute. A majority of gambles were inclined to place bets on college teams that have been quite superior to their opponents, making the outcome of the matches a foregone conclusion and resulting in losses for book makers. Just ahead of the Second World War broke out, the bookmakers introduce a new method of sports gambling that transformed this industry forever.
In basic terms, the point spread is a handicap which is placed on the likely winner of the basket ball or football game in points. As an example, if the Lakers were expected to simply demolish the Clippers, the point spread for the game may be calculated at as high as 20 points. To put it simply, 20 points would be either subtracted from the total score of Lakers score, or added to the total score of Clippers. In such a case, any sports enthusiast who placed a sports bet on the Lakers would only make money in the event the Lakers win by at least 21 points. Similarly, gamblers wagering on the Clippers stand to win their bets in the event the Clippers win the game and even in the event the Clippers lose the game, gamblers can still win provided Clippers lose by 19 points or less.
The point spread helped the bookmakers to balance their books as bets on professional sports were more evenly placed in comparison to the previous system where many gamblers placed bets on the exact same teams.
The huge success of the point spread helped the bookmakers recognize that the greater betting options the general public had, the better bets they will be more likely to place. This realization resulted in the establishment of another system, the totals. Also known as “overs / unders,”, this betting proposition provides the gamblers to bet on the total score of both the teams, irrespective of the outcome of the game.
Sports betting has gone through many stages of evolution with the passage of time. Bookmakers have continued to put together betting methods and opportunities, latest of them being teasers and parlays. On the contrary, placing a sports bet with the traditional money line, against the point spread, or through totals, continue being the 3 most popular forms of sports gambling. Regardless of what sports you follow, there is definitely an equal opportunity now to earn money from your favorite sports.