Sports betting, a commonly enjoyed hobby in the United States 2017, is when a player predicts the outcome of sporting events and places a wager in the hopes their prediction is correct. Players can bet on many different sporting events such as a game of baseball, a football match, basketball, hockey, or motorsports. Sports bets are made against certain odds, often favoring bets made on the team less likely to win.
Online sports betting has made it all the easier for players to win big amounts of money, all from the comfort of their own home.
American players should always exercise caution when making sports bets online and ensure they only play at one of the reputable, trustworthy, and regulated casinos featured on Casino US.
THE HISTORY OF SPORTS BETTING
There is no one point in history to pinpoint as the start of sports betting. Humans have been betting on the outcome of sporting events for thousands of years. People have always loved to throw all their support behind a team and hope that it makes a difference.
Over the years, horse racing has become one of the most popular forms of sports betting. It still remains so today.
Sports betting centers have opened all across the world, allowing players to make bets at a physical location.
Nowadays, most gamblers prefer to place their wagers online. Online sports betting is surging in popularity.
Different Types of Sports Betting
There is a wide range of different types of sports betting available for players to enjoy. People bet on almost every conceivable kind of sport, with online casinos offering sports betting on most sports.
Football, known as Ameican Football to the rest of the world, is massive in the USA but not so much in the rest of the world. Football bets can be made in any of the three big leagues, including the NFL, NCAA, and the CFL.
- Super bowl: This is one of the most popular football Players can wager on who they think will be the Superbowl winner. Wagers made at the start of a season will often have better odds for a player.
- Heisman Trophy: The Heisman trophy is the most coveted award in the NCAA. Players can wager on who they think will be awarded the trophy.
Baseball is America’s pastime. From minor league to major league baseball, America will always love a day out at a baseball field. Many American gamblers wager on baseball games. There are many different ways to wager on baseball. They include:
- Overs and Unders: An over/under wager is quite simple. A bookmaker will predict the total number of points a team is likely to score in a season. A player will then bet whether the true total will be over or under the bookie’s prediction.
- Winning team: A basic bet, used in every team sport in the world. A player can bet on the team they think will win, and what the home run margin between the two will be.
- Player bets: Gamblers can wager on how many home runs or strikeouts a player will have in a game or in a season.
- Specific player bets: Golf bets can include bets made on a specific player’s performance in a tournament or a season.
- Tournaments: Players can bet on who will win each golfing tournament, and how many shots they will be ahead of their closest rival. Popular tournaments to bet on include the PGA Open, the PGA and LPGA Championships, and the Ryder Cup.
- Hole-in-Ones: The elusive hole-in-one is one of golf’s most coveted undertakings. A player can bet that a golfer will hit a hole-in-one during a certain tournament.
Tennis bets are usually made on who will win the men’s and women’s tournaments at the big championships. Some of the biggest tournaments include the French Open, the Australian Open, and Wimbledon.
There are many, many different ways in which American players can wager on sports. Nearly all sports games can be wagered on, though not all online casinos offer betting on every kind of sport.
SPORTS BETTING – FRACTIONS AND DECIMALS
The odds on any sports bet will be displayed in one of two ways, either fraction or decimals. Fractions, which are the most common, are usually displayed as something like 4/1. Decimals will be written as 5.84, for example. They more likely a team is of winning, the less profit a player will make if they do.
Decimals make it easier for the layman gambler to understand what their possible payout from a wager might be. So, if a player makes a $20 wager, and the odds are written in decimal as 1.29, their possible payout will be $25.8. Decimal odds are written in a way that shows what the player will get for what they stake, eg. 29c for every $ they stake. This is why it is written as 1.29.
A bet with the same odds as the example used above in the would be written as 2/7. Fractionals are the more common way of writing the odds of a bet. Fractionals are written in a way that shows the profit a player will make, eg. $2 profit for every $7 they stake or simplified as $1 profit for every $3.50 they stake.
This handy table will make it much easier to understand.
|Fractional Odds||Decimal Odds Equivalent|