For the past several years, fantasy sport has gained massive popularity and led to the traditional sports betting that we are used to nowadays. And its huge fame helped a lot in legalizing how sports betting are operated in different states. Now, countless of sports fans can easily enter in the market and place their bets. The thing is, how would you start your betting with agen bola if you are unsure of the terminologies used in the industry?
Terminologies You must Know
Make it a point that you familiarize yourself with the terms below for they are widely used in the arena. If you don’t want to be left out, then you have to make time to know about these things.
Underdogs vs. Favorites
As soon as odd-makers released a betting line on a particular game, the very first thing that they are deciding on is to which team will be the favorite and which should fall us the underdog. In the former, it’s the team that is forecasted to win the game. As a result, it’s going to get a minus sign next to the odds while underdogs are expected to lose and therefore, will get a plus sign. Say that the game is a toss-up, then bookmakers open it either as pick’em or pick.
This is another way of betting either on an underdog or favorite. This is mainly based on which team is going to win the game. As what said earlier, favorites are given with a “minus” before the odds; and it looks like this -500, -200 or -150.
If for example that the favorite has an odd of -200, then it means that you need to risk 200 dollars in order to win 100 dollars. Now if the favorite won, you can get 100 dollars but if it loses, then say goodbye to your 200 dollars bet. Since favorites are expected to win, you are assuming more risks when you bet on them.
Underdogs on the other hand are given with “plus” odds like +500, +200 or +150. So if you bet on an underdog with a +200, this means that betting a hundred dollars entitles you to win 200 dollars if they win. If they lose, then you lose your initial bet you risked. This is because underdogs are more likely to lose and there’s more reward if you bet on them.
You’ll see moneylines in all types of sports. However, they are used largely when betting on soccer, hockey and baseball.