It’s a pity if you ignore some of the basic things about sports gambling|en
The world of sports gambling seems to be complicated. But don’t worry, you will get better insight of sports gambling after you read some of the basic things about it.
If you have ever wanted to make a bet on any sporting events, but you are overwhelmed by many things like odds, point spreads, bookies, and sportsbooks online, relax. We will get you ready to join the action in no time. Whereas, at the first glance, the world of sports gambling can seem to be a complicated one, it is not nearly as daunting as it first seems to appear.
Sports gambling has been in existence since the beginning of the United States, and the colonists were known to bet on fighting, horse racing, and even cockfighting. Gambling was a long-time tradition in England and it was natural the colonists could bring their love of gambling across the ocean with them.
In the 1800s, pedestrianism was the sport of choice among gamblers. But the sport eventually fell victim to race-fixing and other corruptions and the public lose confidence in it. At that time baseball was starting to grow, but as the popularity of baseball rose in the later part of the century, so did baseball gambling, and the popularity of sports gambling was taken to the forefront during the 1919 World Series, which will live on in infamy as the Black Sox Scandal.
College sports, like football and basketball, started to draw the public attention in the early stages of the 20th century, and over time, those 2 sports soon rivaled baseball as favorite gambling activities. For many years, football and basketball bets were made using odds, a practice which still takes place today and is known as gambling with the money line.
The Advent of the Point Spread
The only issue with the money line is that many the college football and basketball games are mismatches and all of the players bet on the same team, which is not what the bookmakers expect. In the 1940s, the bookmakers changed the face of sports gambling when they came out with the point spread.
Simply stated, the point spread is a handicap set on the expected winners of a football or basketball game in points. If the Lakers are supposed to roll past the Clippers, the point spread on the game could be as high as 20 points. In a basic way, that means 20 points are deducted from the Lakers score or added to the Clippers score for gambling purposes. If gamblers make a bet on the Lakers, they have to win by 21 or more points for the gamblers to gain their bet. Those making bets on the Clippers win if the Clippers win the game or lose by 19 points of less.
The main purpose of the point spread was to enable the bookmakers to balance their books. Instead of a huge number of gamblers all betting on the same team, there were more bets made on both teams. Because the bookmakers make the bettor risk $11 to win $10, balanced action will ensure the bookmaker gain a profit no matter which team is the winner.
The television explosion of the 1950s was another drive for bookies, as sports and television was a perfect match. People soon saw that a bet on a game would raise the excitement of watching the game and sports gambling has grown at a steady rate on an annual basis.
The Start of Totals
Bookmakers are not dumb and they quickly found out the more betting chances they had for the public, the more bets the public would place. That thinking led to the creation of totals. Totals, or over/unders, is a betting proposition in which gamblers bet on the combined final score, without any regard to the winner of the game.
Gambling against the point spread, with the money line, or on totals are the 3 most favorite forms or sports gambling that happen today. In recent years, bookmakers continue to come out with more betting opportunities, including parlays and teasers.
You are now well on your way to joining the exciting world of sports betting. For the next step, how to start placing bets, visit any website to start Sports gambling now!