Despite some countries putting strict restrictions on betting, the industry has developed hugely. Many of the youth are the ones who do betting. In betting, you predict an event, place a certain amount of money on the event and win more money is the outcome is favorable. Some years back, you had to go to the casino to bet. Not everyone was able to go for betting in the casinos since they were found in high-end places such as 5-star hotels. The internet has simplified betting. Online betting is easier since you have to join a betting company, make a deposit and place a bet. After a successful prediction, the bookmarker will deposit you win to your account, and then you can decide to make a withdrawal or place another bet. You need to make perfect decisions to earn money from sports betting. You must look at the odds to make a good decision. The odds are in numerical or fraction form, and they represent the probability of occurrence of an event. The major ways of representing betting odds are European Format, American Format, and UK format. The European format is in decimal forms, UK format is in a fraction, and American format is in money line. This article is exclusively on Spread, the Money Line and Ove/Under line.
Spread is mostly used. The spread will enable you to identify the underdog and the favorite. The best team must win by certain points or the underdog must lose or win by certain points. Lets say the favorite has -115 (-2) odd and the underdog has +300 (+2), you will win $85 after placing $100 on the favorite. If you place $100 on the underdog, you will make $300 since there was less likelihood of the underdog to win. Once you use the win loss calculator, you will understand odds better. The favorite team is supposed to win either by three or more points since it has +2. The -2 on the second team means that the underdog has to win or lose by points which are not more than two.
Money line is another thing you need to know about the odds. The money line is not as complicated as the spread. In the money line, there are no positive and negative numbers placed in brackets. In the money line, the favorite will be represented by -115 while the disadvantaged team will be represented by +300.
Under/Over is another betting line every gambler should know. The total number of goals after the end of the game is supposed to exceed or be below a certain number. Over 2.5, for example, means that the total number of goals are supposed to be three and over.