If you are a new bettor, sports betting can be a confusing world. Here are some terms you should know, if you are a beginner. In addition, you can read about how legal sports betting is in some states. You can also read about moneylines, parlays, and how to bet on a favorite or underdog. Hopefully, this article will help you become a more knowledgeable sports bettor.
Legalized sports betting in a number of states
More states are considering legalizing sports betting. Many people bet on sports in every state, and many do so illegally through unlicensed offshore sportsbooks. While legalized sports betting is not a perfect solution, regulated sports wagering will help to better identify and treat problem gamblers. In March 2018, a number of states passed bills to legalize sports betting. The legislation passed in both the House and Senate, and has been sent to Gov. Mike DeWine for signature.
Ways to bet on a favorite or underdog
Betting on the underdog is a lucrative way to win money at sports betting. Although you might not win as much as betting on the favorite, the payout is higher, and you can win more often. There are two types of betting on an underdog, point spread betting and money line betting. The difference between the two is the margin of victory, or point spread. If you bet on the favorite, you’ll be taking advantage of the sportsbook’s tendency to move the line in favor of the underdog.
Moneylines
When looking to place a bet, moneylines are a good option for a number of reasons. Firstly, they are easy to understand and eyeball. It also helps to know the difference between previous games to determine if the moneyline has changed since then. This is important as it will give you key information about what the betting public and oddsmakers are thinking about a game. By using these odds, you can take advantage of them to your advantage.
Parlays
When it comes to sports betting, parlays can increase your payout, protect you from losses and increase your profits. However, parlays can also be suckers. The more games you parlay, the harder they are to win, and the payout is smaller. If you’re unsure of how to bet on a parlay, consider some tips. First, understand that parlays are a combination of different games, not just a single game.
Reverse-line movement
Reverse-line movement in sports betting is when professional action moves the line against the public. The sportsbooks almost always side with the professionals in such cases. One of the easiest ways to spot this movement is to track public betting figures for a specific game. The data is collected from the betting tickets and dollars of major sportsbooks. Traders at BetMGM, for example, listen to the customers to determine if there is a trend in betting.
