How to Bet Sports Betting Explained. Ready to get started betting on sports with DraftKings Sportsbook? Betting Basics. Sports Guides. Sports Betting Overview Sports betting comes in many different shapes and sizes. The public is unsurprisingly pounding the Lakers, but the line ultimately drops to Lakers -9 before tip off. This would definitely qualify as reverse line movement.
Each wager counts as one bet toward the bet ticket percentage, but the amounts of those wagers can vary drastically. That difference is going to be reflected in the money wagered percentage. If the sharps are indeed backing the Knicks, that money wagered percentage is going to look a lot different than the ticket percentage. Those large bets on the Knicks are enough to balance out the action for the sportsbook, and they will ultimately move the line to avoid getting beaten badly by the professionals.
Since the lines are constantly moving, how do you know when you should place your bet? Getting the best number whenever possible is vital to success as a sports bettor for a few key reasons. In that case, you would have beat the number to the tune of one-point of closing line value. That may not sound like a lot, but consistently beating the number is a good way to ensure profitability over the long run.
Plenty of professional bettors care more about beating the number than actually winning the bet because that means that their long-term process is sound. That said, the general rule of thumb is that you want to bet favorites early in the week because those teams are likely to be heavily bet by the public.
Monitoring the bets vs. The books and sharps typically like to be on the same side, so any team receiving professional action has the potential to see the line move against them. Lets say you grab a team as a three-point favorite early in the week, but the number has increased to six right before game time.
You can choose to ride out your current bet — which is fine in this situation — or you can shoot for a middle. The worst case scenario is that one of those bets will lose and the other will win, so you will only lose the juice on one of those wagers.
On the other hand, there is a possibility that you can win both wagers at the same time. Lets go back to our hypothetical example. Sounds pretty appealing, right? There are a few different options available to you. This is the most common type of wager, focusing on just a single game.
A parlay provides bettors with an opportunity to increase the payout on their bet. Instead of wagering on just one game, a parlay allows you to combine bets on multiple games or events. Instead of wagering on all three games separately, you can opt to put them in a parlay.
That said, all three teams need to win in order for you to win your bet. If just two of your teams win, you get absolutely nothing. The more separate bets you include in your parlay, the greater the payout if you ultimately win. One thing to keep in mind is that most sportsbooks will not allow correlated parlays. A teaser works very similarly to a parlay.
The main difference between a parlay and teaser is that a teaser includes a few additional points of spread value for each of your wagers. For example, if you want to bet on three point favorites in the NFL, a seven-point teaser would allow you to group all three of those teams together as just three-point favorites.
Unfortunately, those points are going to cost you. In the parlay example, a three-team wager would net you a payout. Prop bets allow you to wager on specific outcomes within a game and are available in most sports. For example, you can wager on whether or not a quarterback will eclipse a certain number of passing yards, how many strikeouts a pitcher will rack up, or whether or not a basketball player will record a triple-double. When it comes to prop betting, the Super Bowl is a national holiday.
The lines reference either the point spread or the total number of points in a certain game, but there are plenty of other lines that can be set as well. There are several different types of sports bets out there, and all of them feature different betting lines. Betting odds reference the chance that a certain outcome will occur in a sporting event.
These odds are also set by the sportsbook, and odds give bettors an idea of how much money they will win or lose with each bet. There are common odds that are offered by almost all sportsbooks, but some sportsbooks get creative with the odds that they set. Understanding betting lines is the most important aspect of sports betting, but knowing the odds will tell you if a bet is worth making or not.
Here is an example. Take this fictional matchup between the Chicago Bulls and Detroit Pistons:. Chicago Bulls The first thing to note is that the Chicago Bulls are the favorite in this fictional matchup. The team that is the favorite will always have a - sign next to their betting lines. The first thing to consider is the moneyline bet, which is one of the easiest betting types to understand.
This type of bet is simply picking the winner of the game, and there are no other betting lines that are needed.
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