Sports Betting Online is one of the widest spread on the internet. As part of the online gambling industry, online bookmakers make it a point to have awesome bonuses, promotions and offers to give away to their most loyal users. We’ve often mentioned a thing or two about online sports betting so your interest must have peaked. If you want to start betting on games you need a nudge to get you started, don’t you? This article is meant as a small intro to online sports betting, where we review some of the most commonly used terms. While there are a lot more sports betting terms, this is a good starting point for any beginner.
Implied probability is a basic online sports betting term that we often see in bookmakers all over the world. Even thought it’s used in many areas, from stock trading to currency transactions, it’s the sports version we’re going to be focusing on here.
The concept of implied probability is the same thing as the traditional odds, but put in the form of a percentage rather than the odds themselves. In addition, the implied probability also takes the house edge into account, eliminating it in order to get a better perspective on the upcoming match.
To give you an example of how the implied probability is used, think about this: when you’re flipping a coin, imagine you’re betting $1 on it to fall on its head.the implied probablity for each of the sides is $1/$2, and if we’re talking in percentages it’s 50%.
The point spread
One of the most basic terms in sports betting, the point spread is the point difference between the two teams’ scores at the end of the match. Many of the bets and concepts in sports betting are based on the spread, as the point difference between the two teams is crucial. For instance, if Team A is playing against Team B and the score is 50-45, then the point spread will be 5.
When betting on a certain match, you can have the possibility of betting on the overall, combined score of the two teams. For instance, if Team A and Team B face off in a game of basketball the over/under for the match might be 150, which means that you can bet for the teams’ combined points to be either over 150 or under 150. If it’s precisely 150 then it’s considered to be a tie, or a push.
Home Field Advantage
If you are not a sports person by nature you might not be familiar with the concept of the home field advantage. Often abbreviated as HFA, the home field advantage simply states that the team that plays the home game is more likely to win, based on previous experiences.
Fixed Odds Betting
Fixed odds bets are offered by bookmakers after a rigurous calculation process. Types of fixed odds bets include fractional odds, decimal odds or moneyline odds, and they are commonplace for reputable bookmakers like Ladbrokes or William Hill.
Try them out yourself
It’s easy to understand these basic terms, as online sports betting is not a difficult activity to get involved with. All you need to do to get started is to just find an online bookmaker, sign up for a new account and take what you learned and put into practice. You won’t even need a practice run in order to get the hang of the betting procedure. So go out there and start winning some money off of some games! Good luck and have fun!