Betting Explained: The Ultimate Guide to Online Sport Bets in 2016


1. Introduction To Sports Betting

As a betting beginner, you may feel overwhelmed with the amount of terms and rules this world is populated with. To be successful and win big, you need to start with learning the basics. The information and resources you will find at will help you understand everything better, so you can, too, know great success when you practice sports betting, play at the lotto, the casino and so on. Did you know that sports betting can take place worldwide 24/7 on almost every professional game and some amateur games as well?We are known for our outstanding knowledge of Sportsbooks, offering extremely great advice on where to go for the best betting odds and types of sports you can wager on.

2. Here Is Betting Explained For Everyone

Choosing a Sportsbook
When you want to start sports betting, your best option is to use an online Sportsbook. An aspect to keep in mind is related to the local laws regarding online betting. Check your local legislation before you fund your online account, to avoid losing money. At , we will help you choose an online Sportsbook that is suitable for your region. A Sportsbook is a convenient way to place your bets; however, you need to keep in mind that Sportsbooks differ from one another, and you may have to run a bit of research before choosing one. As the online sports betting industry has been massively growing over the last 15 years, there are literally thousands of Sportsbooks to choose from. Online Sportsbooks offer various types of bets and services, so it may feel a little daunting to start comparing them. We will guide you through the most important aspects of a sportsbook, so you can make the best choice. We recommend finding the most reputable and popular sportsbooks in your area.

Choosing a sport
Sports betting comes in many forms. You can start sports betting on Basketball, Hockey, American Football, Baseball and Soccer, as all these sports have a strong betting audience. However, if you decide to start betting aimlessly, without figuring out a strategy first, you may end up terribly disappointed. Each sport has certain particular nuances, its own profitable betting situations, which are not easy to guess for a beginner. Our guide will give you all the information you need for picking the right sports to bet on.

Sports betting basics
If you’ve ever wanted to place a bet on a sporting event, but felt overwhelmed by all the talk of odds, point spreads, bookies, and sportsbooks, relax. We’ll have you ready to join the action in no time. While at first glance the world of sports betting may seem to be very complex, it’s not nearly as difficult as you think.

An Introduction to the entertaining world of live betting from your computer or any other mobile devices
Live betting has some awesome perks. It puts you right in the middle of the action, as the sports event take place, and the information is updated in real time, allowing you to choose new betting lines that were not there in the first place. Since live betting is slightly different from what you normally bet on, using a Sportsbook, we will teach you all the ropes, so you can enjoy both ways of sports betting. We will teach about how to use live betting for specific sports, and how to maximize your chances of success. The odds on the spread can vary greatly, depending on how the sports event is going. Some of the things to keep an eye on are the money line and the over/under point total. You will also notice that there are some great props relating to games as well. Prop odds are specific to particular sports or events, and they are a lot of fun. Live betting is not as different from Sportsbook betting as you may think. Actually, the main difference is that you have placed a bet on a particular line for a limited time. As soon as you place your bet, the wager will be processed in the same manner as any other bet placed using a Sportsbook. Live betting is a lot of fun because you can get instant results for props. You can also wait for the end of the event to see how your money line or alternative spread bets managed.

3. Odds Explained

What is chance?
The first term you will get acquainted with when you start sports betting is chance. Chance represents the possibility (expressed in percentage terms) of an outcome. For instance, when you toss a coin, you have a 50% chance to see heads and a 50% chance to see tails. The rule of thumb is that the chances for all possible outcomes must amount to 100%. Another good example is rolling a dice. When you do that, there is a one in six chance for any number to appear. In percentage terms, that is a chance of 16.66% (six possibilities divided by 100%).

Decimal odds (European)
Decimal odds take two seconds to calculate, they are simply your stake multiplied by the odds, which then equals your payout. A simple formula for decimal odds is: (Your Stake x Odds = Payout or $100 x $1.90=$190) included is your stake.

Fractional odds
Common for UK sports betting, fractional odds are expressed as follows: an even money bet is 1/1, while the favorite will be listed with 1/3 odd, and the underdog with 3/1 odds. It is the same thing as decimal odds, but expressed differently.

US odds
US sports bettors use their own format. A standard line in this format would read –110 (for the favorite) or +110 (for the underdog).

4. Types Of Bets

Single bet
A single bet is the type of bet placed on a single selection or market. You only need to guess the results for one match in order to win. This is a very simple way to bet, because you do not have to guess the outcomes for multiple matches, in order to cash in on your bet. Betting experts recommend single bets as the safest way for long term profit when sports betting. They have a higher winning percentage than accumulator bets, so it is easier to win when using this strategy. Keep in mind that potential returns are somewhat lower than those resulting from accumulator bets, and they are usually placed at odds close to evens.

Parlays, accumulators or combo bets are more complex than single bets. They are basically individual wagers placed together. The condition for winning is that all the wagers must have positive results. The most important advantage of a parlay is that you get much higher payoffs, than what you would get for playing separately. However, the chance of winning all wagers is much lower, hence the higher payoff. Only one lost bet is enough for the entire parlay to lose. A particular situation is represented by ties; when this happens, the parlay reverts to a lower number of teams with the odds reducing accordingly. When placing a parlay, you can select up to twelve bets, depending on the Sportsbook. The higher the risk, the higher the reward which is why parlays are very popular among bettors.

Teaser betting is a type of sports betting based on point spreads. Because these bets are very player friendly, they are very popular. Like parlays, teaser bets combine multiple wagers, but you do not have the same strict winning conditions. With these bets, each individual line is shifted in the bettor’s favor by a set number of points. You can combine two or more wagers in one bet when you teaser bet. To understand how the line shifting works, here is an example: if you were to include the Dallas Cowboys -7 in your 6 point teaser, the line would be adjusted to Cowboys -1. Game totals in basketball & American football can be included in teaser bets, as well. In case one of the individual wagers results in a loss, the teaser bet will result in a loss as well. If any of the wagers are deemed a push that particular wager would become void and the teaser would continue with the potential payout being adjusted to reflect the updated number of wagers within the bet. The only exception to this is the case with two-team teasers, as they cannot reduce further. If one of the wagers in a two-team teaser were to push, the entire teaser would be deemed a push and the player’s money would be refunded. You can include maximum twelve bets, depending on the Sportsbook, with a teaser bet. These are offered in 6, 6.5 and 7 point formats, giving you the option of choosing how many points you want to shift the lines in your favor. The payouts are higher or lower, depending on how many wagers are included. This rule also applies to the selected point adjustment.

Asian odds betting
Asian odds betting is a type of spread betting in soccer. It is based on the elimination of a draw result, which means that the payouts are higher. This means that there are only two outcomes of a win with an Asian handicap, a “home” or “away” win with a possible “push” for money back on a draw depending on the handicap. The handicap is a virtual goal head start and it can increase in increments of ¼ i.e. ¼ goal, ½ goal, ¾ goal, 1 goal, 1 ¼ goal etc.

Live betting
Live betting is among the most popular types of sports betting. You are basically allowed to bet as the sports event is taking place. This gives you plenty of leeway, since you will be able to adjust your bet as the match progresses. Based on how the teams or athletes perform, the profits and odds can vary greatly. However, because you are basically following the game and its progress, you can increase your chances of winning, and this makes live betting very exciting. An interesting aspect of live betting is that you can turn a profit by selling your previously purchased wagers as the event progresses. Imagine this process working like a stock market. Buying cheap and selling high can bring you important winnings. This type of betting is also called interactive betting, or in-play betting.

Props betting
Prop bets are unique in their own way, as you are wagering not on the results of a team, but those of a single player or event. You can use your online Sportsbook to simulate scenario and see which scenarios generate the best odds. Prop betting examples include betting on how many goals, runs or touchdowns certain players will score and which team will score the first in a specific game.

Future Betting
Future betting is used for placing bets on events that will take place in the future. While championships are preferred, you can use future betting for any type of match or event that will occur later, in the future. Based on potential outcomes, odds are set by an odds maker. As is the case with most bets, the lower the chance for a certain result to occur, the higher the payout, and vice versa.

5. Explanation On How To Bet On 5 Major Sports

Betting on hockey

Hockey betting online may seem a little confusing, because there are certain terms specific to this sport that are used for hockey bets. You will hear terms such as Puck Lines and Money lines. As you get familiar with the sport, you will notice how easy is to understand these terms, as well.

Money line Betting
It is the simplest way to bet on hockey events. In order to win, the team you place your bet on must win the game. This type of bet is based on a given price rather than a point spread. There are 2 types of money line. 2-way is overtime & penalties included. 3-way is regulation time only.

Puck Line Betting
It is based on money line betting and point spread combined. In order to win, your team must win by the point spread.

Total (Over/Under)
Bets are based on the total goals of the game, scored by both team. Overtime included. The number of goals must fall over or under the side you selected.

Hockey Betting Strategy and Tips

The following tips will help you understand hockey betting better. While they do not guarantee any winning, they will help you learn the ropes, so you can maximize your chances.

Know the Goaltenders
A hockey goalie is the same with a pitcher in baseball. Make sure to know the teams well. In case the starter is getting a rest, and the team plays with a backup goalie, this can influence the lines significantly.

Know the power of home ice
Home ice stands for the advantage some teams get when they play as hosts, due to their supporters and such. Knowing such details will help you place your bets on the team most likely to win.

Be Careful of Empty Netters
Betting on the under in the NHL can get misled by one team. But, this also hurts when a garbage goal goes in the net. These last minute, empty netter goals typically mean nothing to everyone except for us.

Betting on baseball

Baseball betting is made by laying or taking money odds. Based mostly on money lines, a baseball bet is one of the easiest ways to make money with sports betting. The payout for the team that is considered favorite will be lower than the underdog. For example, St. Louis will be listed at $1.60 if favorite and Chicago will be at $1.95 as underdogs.

Money lines and Totals
Money line bets are based on given prices rather than point spreads. Your team must win so that you can win, too. On an over/under (total) bet, the total runs of the game by both teams combined, extra innings included, must fall over or under the side selected.

Listed Pitchers
Starting pitchers for both teams are specified so that bettors can place their wagers. When a pitcher is changed before a game, the wagers on his team will be considered “No Action” and will be refunded.

Run Line
This type of baseball betting is based on point spread and money line combined. The team you choose must win by point spread so you can win the bet. Other things you need to know about betting on total runs or run lines are as follows: the game must go the regulation 9 innings or 8.5 innings if the home team is leading, or otherwise it will constitute a “No Action” wager and all money will be credited accordingly. MLB games become official after 5 innings of play or 4.5 innings if the home team is leading. In the case of suspended or called games, the winner is determined by the score after the last full inning unless the home team ties the score or takes the lead in the bottom half of the inning. Under the circumstances the winner will be determined by the score at the time the game is called.

5 Inning line
This type of baseball betting is linked to who leads after 5 innings. The best part is that you do not have to be on the winner of a full MLB game in order to win.

Baseball Betting Tips and Strategies

Baseball betting is one of the most difficult sports betting out there. As there are so many factors that count for a victory, you need to take certain aspects into consideration if you want to play a bet with reasonable chances to win.

Weather is a very important factor for baseball matches. If certain teams do decently well when the weather is far from perfect, this is something you should know, so check the weather forecast, before placing a bet.

Home field Advantage
As it happens with other sports, playing on the home field can represent an important advantage for the right teams. Fans play an important role, since their support can motivate players to play better and get a better score.

Know the Pitchers
Pitchers are very important for any baseball game. The lines are highly determined based on who is pitching for the two baseball teams during the game you are betting on. Do your homework and learn which pitchers fare best under certain opponents, so you can improve your chances of winning.

Betting on American Football

American Football is the most popular sport in North America and American Football betting is equally popular. With millions of fans watching the weekend games, there is a high chance of winning big, if you calculate your odds correctly and you place your bets wisely.

Straight Bets
The team you bet on must win by the point spread given at the time of the bet.

Totals (also known as Over/Under bets)
The bet combines the scores of both teams, and you win if your number is over or under the decided number. Overtime is included, as well.

Money Line Bets
The team you bet on must win the game, so you can win the bet. The wagered amount can vary from game to game. The money line read at the time of your bet will be kept regardless of any line movement.

Halftime Bets
This is the type of American Football betting based on the score recorded after the first or the second half of a game. The line may be point spread, money line, or a combination, but it applies only to one of the two halfs. All bets must go the full half for action (first-half and second-half). All halftime bets are calculated the same as a straight bet unless otherwise indicated. On half time bets the overtime period is included as part of the second half.

American Football Betting Strategy and Tips

The NFL schedule for games can be a nightmare for team. When one team gets to rest for one weekend between games, it receives an important advantage that you may want to exploit when betting.

Like in other sports, weather is an important factor for an outcome of an American Football game. Check the weather forecast before the game, to see how your bets may be influenced.

NFL Betting Trends
Following the NFL betting trends can take you a long way. You will have to look for winning streaks, spread history, over and under patterns and many other aspects that will play a role in how you place your bets.

In the NFL, the most important role on the field is played by the Quarterback. See which Quarterbacks are worth putting your money on, in order to maximize your chance of success and winnings. As big fans of any NFL Home Underdog, we recommend that you take a closer look at betting trends, and see how solid this type of bet is over time.

Betting on Basketball

Basketball betting is very popular and also easy. With thousands of professional and amateur games each season, betting lines are available daily for regular season games, tournaments and playoff action. Point spreads are used to handicap the favorites and underdogs for each match, just like in football bets. You can also use totals, as they are very popular.

Point Spread Bets (Straight Bets)
The team you place your bet on must win by the point spread given at the time the bet is placed.

Money Line Bets
The team you place your bet on must win the game. You can place bet amounts of various values from game to game. The money line read at the time of the bet is the money line kept regardless of any line movement.

Totals (over/under)
You must bet on the combined scores of both teams, and the value must fall over or under a certain number, called the total.

Half-time Bets
Your bets must apply to results registered during either the first or the second half of the game. These bets work exactly like straight bets, unless there are other rules involved. The overtime period is included as part of the second half for bets.

Basketball Betting Strategy and Tips

Home Court
This is a very important aspect for basketball betting. There are many teams that have an important advantage when they play at home, due to their very supportive crowds.

Make sure to follow the injury report. If an important player is taken out of the game by an injury, this can seriously affect the team’s chances to win.

Each basketball team has a certain value, and each team can do better or worse in front of an opponent. Studying the history of each team in regards to their matchups can give you an important insight on how the teams will fare against one another in the future. While no prediction is bullet proof, this kind of information is essential for any basketball bettor.

Betting on Soccer

Soccer betting is pretty straightforward, although it may not look like it when you check the odds for the first time. This is a profitable type of sports betting, so it is worth giving it a try. Learning the basics of the sport will give the needed insight for starting to bet on soccer games, and win. Basically, there are three types of betting options when betting on soccer: a money line for the winning team, a money line for a draw, or a total.

Money Line Bets
These bets bring you important winnings when the team you bet on wins the game straight up. Be aware that overtime is not included.

Betting on the Draw
This type of bet works when the game you bet on is called a draw. Be aware that overtime is not included.

Total Goals Bets
These bets are based on the total number of goals scored. They work in the same way as over and under bets from other sports. No matter the outcome of the match, if you guess where the combined score of the two teams will fall (over or under a certain number), you will win. Overtime is not included. Your bet will become official once the scheduled time has elapsed – which is 90 minutes of play plus referee stoppage time.

Soccer Betting Strategy and Tips

Team Form
Always verify the form and recent performances of the team. If available, read the recent match reports to see if the team was unlucky because of opposition goalkeeper having a great day or other unusual circumstances etc.

Home and Away Records
Verify for home and away statistics. Some teams play better at home ground, some play better away and in some games it is not something to consider.

Verify the history between the two clubs because in soccer, more often than not, the history repeats itself year after year.

Team News
Make sure to verify for recent updates on injuries and suspensions. Which players are missing and how important are they to the team. Verify the records of the players who are replacing the injured ones and how much the change can affect the teams play.

Verify the motivation factor for the team and how important it is for them to win the game. Do they really need points, are they interested in the domestic cup or a specific competition.

Verify whether the team has had a tough recent schedule or a complicated upcoming one, they could possibly be tired or thinking ahead. Also verify whether the last game played was a demoralizing one or whether the upcoming game is more important than the current one.


About Author

WBI Team Blogger, as they call me on the team from Why? Because I love to share my thoughts and opinions about my passion of sports and all things under the sun that it leads to. Everything from how this passion began to comments on a specific sporting event and of course, the unavoidable wagering world. I will bring you interesting insights a few times a week. While reading, remember that this is from a guy who grew up listening to Baseball games on the radio! I would love to hear your comments and opinions, to contact me please send an email at [email protected].

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