Basketball betting is very similar to football betting. You can bet on the money inline or use a point spread for both sports. You have a wide range of basketball games to play on from the hundreds of NCAA college basketball games or from the professional NBA games. Annually, NCAA holds a tournament held every March to determine the nation's best college basketball team. The beginning of March commences the "March Madness", which is a series of competitive elimination rounds until a winner emerges. Here are some important details you need to know to make sure that your basketball bet is not wasted.
Making Money Out of Sports Books
Collecting a commission on the losing bets is how casino sports books make money. Otherwise known as Vig, short for Vigorish; the most common odds of winning are 11 to 10. In other words, you are risking $110 in order to win $100.
A) The Point Spread
It is not true that the point spread is the predicted margin of victory by which a team will beat another team despite its mass popularity among bettors. In order to equally split the wagering on both basketball teams, one should understand that the line is the handicapper's prediction of what number will be required. Therefore, the line at opening time is likely to change to the line at game time. For this reason, your team does not have to win necessarily when you bet on a game with the point spread.
B) The Money Line
When you place your basketball bet without a point spread, it is called a money line wager, which is also known as winning straight-up. Apparently, winning straight up is betting on the team to win the game outright. Other than the normal -110 that you need to pay for a straight basketball bet when using the point spread, you will have to will have to pay the odds and take the risks when you are betting for a game on the money line.
Types Of Basketball Bets
A) Straight Bet
When you bet on a single outcome or game, it is called a straight bet. This is a type of betting where you can choose to bet on the over or under of the total score or place your bet on your underdog or favorite basketball team. A straight bet however, only allows you to bet on a single outcome or a single event.
B) Totals - Over Or Under
The wager on the total score at the end of a basketball match is the over or the under. To get the final number, you have to add the scores of both competing teams. Naturally, when you are betting for the under, you are placing your bet with the hope that the score will be under the total. on the other hand, you are betting that the score is higher than the total if you place your bet on the over.
Making Money Out of Sports Books
Collecting a commission on the losing bets is how casino sports books make money. Otherwise known as Vig, short for Vigorish; the most common odds of winning are 11 to 10. In other words, you are risking $110 in order to win $100.
A) The Point Spread
It is not true that the point spread is the predicted margin of victory by which a team will beat another team despite its mass popularity among bettors. In order to equally split the wagering on both basketball teams, one should understand that the line is the handicapper's prediction of what number will be required. Therefore, the line at opening time is likely to change to the line at game time. For this reason, your team does not have to win necessarily when you bet on a game with the point spread.
B) The Money Line
When you place your basketball bet without a point spread, it is called a money line wager, which is also known as winning straight-up. Apparently, winning straight up is betting on the team to win the game outright. Other than the normal -110 that you need to pay for a straight basketball bet when using the point spread, you will have to will have to pay the odds and take the risks when you are betting for a game on the money line.
Types Of Basketball Bets
A) Straight Bet
When you bet on a single outcome or game, it is called a straight bet. This is a type of betting where you can choose to bet on the over or under of the total score or place your bet on your underdog or favorite basketball team. A straight bet however, only allows you to bet on a single outcome or a single event.
B) Totals - Over Or Under
The wager on the total score at the end of a basketball match is the over or the under. To get the final number, you have to add the scores of both competing teams. Naturally, when you are betting for the under, you are placing your bet with the hope that the score will be under the total. on the other hand, you are betting that the score is higher than the total if you place your bet on the over.