Althought it is not as poplular as football,
basketball is probably the second most popular sport for sports
bettors to bet on. Before you go out and start betting
on basketball with your online sports book,I
have included a listing of the different betting options
available at the majority of online
The object with straight bets is to pick one
team or one event.
When betting on one team against the spread, the normal ratio
is you need to bet $11 to gain back $10. What this means
is that for you to break even you would need to win your bets
52.4% of the time. Anything better then that should result in
profit assuming that all bets are the same. Straight bets can
be made using the point spread or moneyline options.
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Point spreads are a number assigned to a
specific team and set by the bookmakers. The
goal is to entice the same amount of money to be bet on both
sides of a particular game. Favorites will have a -(minus)
sign followed by a number, while the underdogs will have a +
(plus), followed by a number.
Here's an example NBA line:
Lakers + 7
Boston is the favorite and must win by 8 points or more to
win. If they win by exactly 7 points, the game is a "push" or
tie, and you get the amount of your bet back.
If Boston wins by 6 points or less, or loses the game
outright then you would lose your bet.
With moneyline bets, the point spread is not a
factor. Basically all you have to do is pick the winner. Since
not all teams are created equal, everyone would bet on the best
teams. So, sports
books offer benefits for betting on bad
teams, while giving a penalty for betting on the good
Those benefits are in the form of adjusted
odds. Let's take a look at an example:
Notice the '+' and '-' signs. The '-' sign
for Boston means if you bet $175 on New England, as
the favorite, you would only win $100 (plus your original bet).
If you took the underdog, Lakers, and bet $100, if the Lakers
won, you'd win $200 (plus your original bet).
If everything was totally even, both the + and -numbers should
be even. The differences in these numbers is where the
books make their money. In our example,
they are taking in $200, but only paying out $175.
Over/Under bets or Totals are a very
popular wagers among many football bettors. Your betting
goal is to try and predict if the total points scored by both
teams will be more or less than the number posted by your
Boston/Lakers: Total = 196.5
This means after the game, add up the total
points for BOTH Boston and the Lakers scored. If
the total is 197 or more and you bet the "over", you're a
winner! But, if both teams scored less than that, you'll lose
Your payoff is also $10 for every $11 wagered, since
over/unders are considered straight bets. However, you can bet
an over/under as part of a parlay.
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This is a bet where more than one team
must win in order for you to win your bet. Since
it's harder to predict multiple events than it is for a single
event, you'll get paid more than "even money" if you win a your
A parlay is most often bet using the point
spread for two or more games. Let's use the "lines" for the
following two games:
Our "two teamer" may be Boston for game one and
Denver for game two
for our "two-team parlay". If Boston wins by 8 points
or more AND Denver lose by less than 3 points, then we'll
win our parlay. Any other result and we lose.
Please note that usually your sports
book will allow you include over/unders with
your parlay bets.
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