Because of the current football season and my new interest in online sports betting, I have spent a good amount of time looking at sportsbooks on the web. As I become more acquainted with following games and placing wagers, I have learned a lot about sports betting practices.
For sports such as basketball and football, point spread betting is the popular gambling option. The point spread acts as a handicap for one team and "evens out" a match between the teams. Online bettors pick a team to win or lose by a certain number of points. In football, for example, three points and/or seven points determine point spreads. Those numbers prove significant: A team can gain three points with a field goal and seven points for a touchdown. Because people usually favor one team to win over the other, sportsbooks created the point spread, giving online bettors the opportunity to wager on equally attractive teams.
Money line betting is another sports betting option. Determining the money line depends on which team wins a game. Sportsbooks offer money line betting for events where point spreads are not the primary betting option. Sports, such as racecar driving, boxing, and tennis, are good examples where money line betting is often the only option. Baseball, soccer, and tennis may also use money line betting because the margin of victory for each game is usually small. Creating a point spread for such games would be difficult, if not impossible.
There are several sports betting terms that online bettors can participate in. In addition to traditional money line betting and the popular point spread betting, other online gambling options include run-in, futures, props, and over-under betting. Sportsbooks can apply these methods of online betting to sports matches of all kinds, ranging from major league sports to college sports.
With a better understanding of the terms, I may place my own bet.