Any person can be a sharp sports bettor with access to the right information. As a result, before you join a sports betting site like Betway98 online sports betting, you need to learn the basics. Discussed below are the essential tips for new bettors or beginners.
How to read odds
If you desire to become a successful sports bettor, you need to understand how to read odds. Online sports betting platforms like Betway88 display the odds in American, Decimal, and Fractional Odds. They serve two purposes;
- They signal the probability of the outcome they are attached to.
- They show how much money you could win.
American Odds
When you see a three-digit number with a +/- in front of it, you are dealing with the American Betting Odds. The – and + show your payout and indicate whether you are betting on the favorite or underdog.
Negative numbers denote the favorite on the betting line and how much you will need to bet to win $100.Positive numbers indicate the underdog and how much you will win if you bet $100.
Decimal Odds
They are the easiest to work with. They are displayed like this;
2.40, 1.61. If you want to know how much you will win, multiply your wager by the odds associated with the team you are betting on.
Fractional Odds
These are commonly used in the UK when betting on horse racing. This is how they look like; 9/5 or 2/3. The number on the left, e.g., 9, indicates the number of times the relevant outcome is expected to fail; whereas, five shows how many times the result is expected to succeed.
What is a push?
This is not related to odds, but it may affect your payout. A push is a tie. If a push occurs, you will be refunded your money because it will neither be a win nor a loss.
The Moneyline
This is the simplest way of making a bet. When you are on your favorite online betting platform, for instance, Betway88, you select the outright winner of a single game. To place your bet, click on the moneyline number that is attached to the team you think is going to win. The moneyline numbers are next to each team, and they are American odds. They;
- Indicate the inferred probability of each team
- Determine the amount of money you will win, depending on your wager. The team that has a “+” sign next to its moneyline number is the underdog, while the team with the “-“ sign is the favorite.
Betting Against the Spread
Most sporting events have a perceived favorite. When you bet against the spread, it is not enough for the favorite team to win the game. They have to win by more than a specified amount for them to cover the spread.
The spreads can change, especially in football games. This will be based on where the money is going and weekly injury reports.
Betting against the spread on the NFL is undoubtedly the most common form of spread betting, although there are other options. They can be seen in Hockey, baseball and soccer. In Hockey, they are called puck line, in soccer, it is a goal line, and in baseball, it is a run line.
Bottom Line
After learning these basics, you should be on your way to becoming a punter on an online sports betting platform like Betway88.
