These days betting on sports have become a recreational activity. If done the right way, you can actually have a lot of fun out of it, and you can also make some good money out of the whole thing too. If you are a sports enthusiast, then it makes a lot of sense for you to dabble in sports betting. However, keep in mind sports betting can get really dangerous if you don’t keep yourself in check. It can be extremely easy and tempting to bet all your money away and find yourself in hot waters. With that being said, if you are still keen on trying out sports betting, you should take a quick look at this article that will explain most of the important terminology that is used in sports betting.
Parlays: As a beginner you should stay away from parlays, as tempting as they can be. Essentially involving betting on a bunch of games for a small amount in return for a hefty payout, you have to have really good odds to win a parlay. Keep in mind if you lose at one of the games involved in the parlay, you will end up losing the whole thing. So it is not the best thing to go for as a beginner.
Straight bet: A simple straight bet is the way to go for a beginner. However, before you actually execute it you should make sure you know it really well. The basics of the straight bet are pretty simple to understand. It pays 11/10, and your bet will be in place when you pick a team. This fundamentally means that in order to win $65, you will bet $60 and bet $210 to win $200. Usually people who tend to bet for a living go for straight bets.
The vigorish or juice: This is the profit that is made by bookies or sports books like judi bola. For you, as the bettor, it is important to keep in mind that the odds for you get worse with the number of teams you add. The sports books and bookies might try to convince you to bet a 10-teamer with really “attractive” odds because of the juice they will make out of it, however, you should simply stick to two team parlays if you really want to go for a parlay.
Money lines: Money lines tend to work counter intuitively which can be a little confusing as a beginner. This means that the numbers with the negative sign, are actually the favorite, meaning they are favored to win the game according to the bookies. Whereas the numbers you see with a positive sign is actually for the underdog, the team that is expected to lose according to the bookies. So, for instance, if you see -300 for the Chicago Bulls, that means that you will win $100 for every $300 you put in. Whereas the +300 will mean the opposite.
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