Betting in sports means to wager on an upcoming sports activity by simply predicting the outcome. Sports bet vary on the country and culture depending on which location they are into. Sports fanatic punters bet on a future event of traditional major games like basketball, baseball, football, soccer, or boxing. Some connect with a bookie or sportsbook/bookmaker and some punters wager to underground events like cockfights. Punters place their bets based on the team or the sports players’ ability and competitiveness in the game.
What is a Bookmaker?
A bookmaker is an organization or a person who accepts and pays off bets specifically in sports. They accept a booking from avid sports punters and also suggest which team or player has the potential to win.
They are generally called bookies or sportsbooks.
Brief History
The popularity of sports betting dated back in the ancient times in Rome where chariot races was a trend and many Roman citizens place their bet on a certain player of horse and had become a favorite past time of the people back then which is still enjoyed at present time though sports betting became broader terms of types of sports games. Eventually betting in sports became legal.
Sports betting
Online Betting has been all the rage recently and the global market value of the online casino industry reached almost $ 59 billion. It is predicted that it will skyrocket to $ 92.9 billion by 2023. Many legit online casino industries like Casinovibez market virtually their site and all of them in general offer unique styles in their games and perks for their players.
The online casino was started in 1994 by Microgaming from the Isle of Man. It was at that time when the Free Trade and Processing Act was passed by Antigua and Barbuda. In 2001 when it was found out that there were a lot of online sports betting players worldwide hence prompting online bookies to get involved.
Chances of winning in Sports Betting
There is a big possibility that bettors win but they could also lose a lot of money if they made a wrong choice. To place a bet in any sports, one has to consult a sportsbook or a bookie. A bookies job as mentioned accepts bet money from punters for the upcoming sports event. Bookies give an idea to the punter the name of the team and the players and which has the potential to win. Now, if the bettor loses the wager then the bookie will charge the punter which they call vig or vigorish. Vigorish is the sum of money that is charged by the bookie after the punter loses in the bet.
So what can punters do to win?
It is not easy because bettors who are experts in sports betting learned through experience and by carefully studying the moves and techniques of the team and by doing some ample research in various matchups.
Legalities of Sports betting
Online Sports betting is legal all over Europe including the UK and sports bettors can wager on the internet, internet shops, or their mobile. The majority of the betting sites are now catering to the US. The US on the other hand depends on which state they are into because not all located in the country allows sports betting.
Common Types of Bets
·    The Win Bets
Commonly called the money line bets, this type of bet is the most straightforward because punters depend on the ability of the team and/or the player. So if you’re betting for a huge game and Manchester United is playing then you know who you’re going to place your bet with.
·    Total and Over or Under Bets
Americans call it Total while others call it Over or Under. This is also a simple type of betting and is great for beginners. The sportsbook will set a total line point of the two sports teams and their total score to the punter. Now, the bettor will wager to the team which they think scores better than the other.
·    Handicap Spread
This is a number given by the bookies which disables a team while favoring the other one. This type of betting is popular in Europe and the US.
·    Outright Bets
Also called Future bets, the bettor has to choose between the two teams or players which they think will win in the future tournament. The catch here is the wager is a bit higher because of the longevity of the time wherein the competition starts hence most bookies prefer this type of waging because of its low-win probability.
·    Parlay
This type of bet involves two or more wagers betting for one parlay and only one bettor gets a bigger payout once the parlay wins.
