{"id":1533,"date":"2008-11-12T10:53:45","date_gmt":"2008-11-12T15:53:45","guid":{"rendered":"http:\/\/www.joeduffy.net\/blog\/2008\/11\/sports-betting-101\/"},"modified":"2008-11-12T10:53:45","modified_gmt":"2008-11-12T15:53:45","slug":"sports-betting-101","status":"publish","type":"post","link":"https:\/\/www.joeduffy.net\/blog\/2008\/11\/sports-betting-101\/","title":{"rendered":"Sports Betting 101"},"content":{"rendered":"<p><body lang=EN-US link=blue vlink=purple style='tab-interval:.5in'><\/p>\n<div class=Section1>\n<div>\n<p class=MsoBodyText>For years, betting on sports was taboo. Even though a vast<br \/>\nnumber of people enjoy wagering on the outcome of sporting events \u2013 and always<br \/>\nhave throughout human history. In many places, sports\u2019 betting was limited to<br \/>\nsecret transactions made through bookies. <\/p>\n<p class=MsoBodyText>Now, thanks to the Internet and the explosion of <a\nhref=\"http:\/\/www.casinoguide.com\/\">gambling online<\/a>, anyone can enjoy sports<br \/>\nbetting. Let\u2019s go through some basics that you need to understand if you want<br \/>\nto get into the action!<\/p>\n<h2>Understanding Sports Betting\u2014<span class=GramE>The<\/span> <span\nclass=SpellE>Vig<\/span><\/h2>\n<p class=MsoBodyText>Sports betting parlors don\u2019t make money through gambling.<br \/>\nTheir goal is to get even amounts of money bet on each side of a wager. They do<br \/>\nthis by altering the odds to make one or the other side more favorable, depending<br \/>\non where most of the action seems to be going. <b style='mso-bidi-font-weight:\nnormal'><o:p><\/o:p><\/b><\/p>\n<p class=MsoBodyText>The way they ensure a profit is by charging a little<br \/>\nextra, usually five percent, on a loss. This is the \u201cvig\u201d or \u201cjuice.\u201d So, for a<br \/>\n$100 bet, you could win $100 but lose $105. A<\/p>\n<h2>Parlays, Teasers and More<\/h2>\n<p class=MsoBodyText>Straight bets aren\u2019t always exciting enough for some<br \/>\npeople, which is why online sports betting sites offer fun exotic bets you can<br \/>\ntry. Many of these bets involve more than one team winning. <\/p>\n<p class=MsoBodyText>In a <a\nhref=\"http:\/\/en.wikipedia.org\/wiki\/Parlay_(gambling)\">parlay<\/a>, you pick<br \/>\nmultiple teams and if you win them all, you receive a much larger payout. <\/p>\n<p class=MsoBodyText>With a <b style='mso-bidi-font-weight:normal'>teaser<\/b>,<br \/>\nall your teams have to win, but you get bonus points that you can use to adjust<br \/>\nthe spreads to your liking. <\/p>\n<p class=MsoBodyText>There are also <b style='mso-bidi-font-weight:normal'>if<br \/>\nbets<\/b>, where your bet on a second game only goes if you win the first game,<br \/>\nand a variety of others that you will find on the sites.<\/p>\n<p class=MsoBodyText>Read up on the latest <a\nhref=\"http:\/\/www.casinoguide.com\/news-listing.html\">gambling news<\/a> to get<br \/>\ngood betting tips.<\/p>\n<h2>Spreads and Money Lines<\/h2>\n<p class=MsoBodyText>Since all sports match-ups are not created equal, the odds<br \/>\nmakers have created a way to even things out so that money will be bet on both<br \/>\nsides. <\/p>\n<p class=MsoBodyText>This equality usually comes in the form of a spread or a<br \/>\nmoney line. A spread means that the underdog team gets additional points. <\/p>\n<p class=MsoBodyText>For example if the Packers are a favorite over the<br \/>\nDolphins by a five point <b style='mso-bidi-font-weight:normal'>spread<\/b>, the<br \/>\nPackers must win by more than five for a bet on the Packers to win. <\/p>\n<p class=MsoBodyText>On the other hand, a <b style='mso-bidi-font-weight:normal'>money<br \/>\nline<\/b> gives odds to those taking the weaker side. If the money line on the<br \/>\nPhillies-Diamondbacks game were $110 to $90, a bet on the Phillies would have<br \/>\nto lay $110 to win $90, while a bet on the Diamondbacks would be $90 to win<br \/>\n$110.<\/p>\n<p class=MsoBodyText>The idea is to create bets that are pretty close, so that<br \/>\nplayers will choose them in more or less equal proportions. In this way, the<br \/>\nodds makers won\u2019t take a huge loss if an unexpected result occurs.<\/p>\n<\/div>\n<\/div>\n<p><\/body><br \/>\n<\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For years, betting on sports was taboo. Even though a vast number of people enjoy wagering on the outcome of sporting events \u2013 and always have throughout human history. In many places, sports\u2019 betting was limited to secret transactions made through bookies. Now, thanks to the Internet and the explosion of gambling online, anyone can &hellip; <a href=\"https:\/\/www.joeduffy.net\/blog\/2008\/11\/sports-betting-101\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Sports Betting 101<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1533","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.joeduffy.net\/blog\/wp-json\/wp\/v2\/posts\/1533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.joeduffy.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.joeduffy.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.joeduffy.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.joeduffy.net\/blog\/wp-json\/wp\/v2\/comments?post=1533"}],"version-history":[{"count":0,"href":"https:\/\/www.joeduffy.net\/blog\/wp-json\/wp\/v2\/posts\/1533\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.joeduffy.net\/blog\/wp-json\/wp\/v2\/media?parent=1533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.joeduffy.net\/blog\/wp-json\/wp\/v2\/categories?post=1533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.joeduffy.net\/blog\/wp-json\/wp\/v2\/tags?post=1533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}