In our last blog post, we discussed what is needed to understand the basics of sports betting. We touched on many of the terms that are relevant, such as the odds, the points spread, and how to calculate the totals – the three key elements to any wagers. Now it’s time to dive into how to actually use odds and pointspreads to place bets.
How Do I Place A Straight Bet?
If you’re new to betting, placing a straight bet might seem tricky. Essentially, a straight bet is a wager where you’re betting on the outcome of the game without regard to the point spread. In other words, you’re backing the visiting team or the underdog (the team with lower odds) regardless of whether the game is won or lost by more than a certain amount. For example, if you think that the Miami Heat will win by more than 15 points, you might place a straight bet on Miami Heat -15 odds.
As a general rule, the more money you lay down on a bet, the more leverage you have to win it. Since you don’t have any leverage when you lay down $2, you’re either going to win or lose that amount. Therefore, it’s usually best to avoid placing straight bets with smaller amounts. Instead, you should wait until you have enough money to place a large wager. Once you reach that point, you can begin to branch out and try different types of bets – like doubles and trebles, which we’ll discuss next.
What Are Doubles And Trebles?
As the name implies, a double is the wager on the outcome of the game and its result. For example, if you think that the Atlanta Falcons will win the Super Bowl this year, you might decide to lay down two dollars on Atlanta Falcons +2.0 odds to win the Super Bowl.
A triple is the same as a double, but with three dollars on the line. Doubles and triples are also sometimes referred to as a push or a push wager, respectively. When you make a double or triple, you’re effectively adding another layer to the bet; the additional money on the line will give you more leverage if the game ends up in your favor. This is why, as a rule of thumb, you should try to avoid doubles and triples unless you’re absolutely sure that the additional money is going to help you win.
When Do I Stop Laying Off On My Bonus And Repay My Loan?
You’re given a bonus when you make a deposit of at least $100 into your sportsbook account in a given month. You’ll have seven days to use this bonus money to play with. Once the seven days are up, you have to stoplayoff and begin repaying your loan – in this case, your $200 bonus. You must do this before you can continue making deposits and withdrawals.
The reason for this is simple. Once you stop paying off your bonus, your loan is technically considered “unpaid,” and the sportsbook owes you money. As a result, you’re at risk of being banned from putting more money down or taking out more money, depending on the policy of the sportsbook You should attempt to play with your bonus as soon as possible after receiving it to maximize your time in the casino. If you don’t play with your bonus within the first seven days, you risk losing access to your account – and potentially, your money as well!
More On Odds And Pointspreads
In our last blog post, we discussed what is needed to understand the basics of sports betting. We touched on many of the terms that are relevant, such as the odds, the pointspread, and how to calculate the totals – the three key elements to any wagers. Now it’s time to dive into how to actually use odds and pointspreads to place bets.
The way that odds and pointspreads work in practice is pretty simple. First, you need to determine how much you’re willing to wager on each outcome. Next, you need to multiply this amount by the appropriate odds or pointspread to get the total amount that you’re willing to risk. For example, if you think that the Indianapolis Colts will win the Super Bowl this year and you’re willing to wager $100 on each of the four possible results – Colts win, Colts lose, Houston Texans win, and Houston Texans lose – your total bet would be $400 (4 * $100).
Now that you have your wager amount, you can use this to compare the odds of different teams or players. In our example, the Colts have a 4:1 odds of winning the Super Bowl this year, so each $100 you risk is equivalent to four times as much money, assuming that they win. You can do the same thing with the pointspread – determine how many points you’re willing to risk on each of the four possible results, and multiply this amount by the appropriate spread to get the total amount that you’re willing to risk.
These calculations are actually pretty easy to do, as long as you have the odds and pointspreads memorized. If you have a tough time remembering exact odds and pointspreads, you can use tools like OddsMaster or Pointspreads to make calculating wagers a little easier. Remember: regardless of whether you win or lose, you need to stop paying off your bonus before you can continue making deposits and withdrawals. Otherwise, you risk being banned from putting more money down or taking out more money, depending on the policy of the sportsbook You should attempt to play with your bonus as soon as possible after receiving it to maximize your time in the casino. If you don’t play with your bonus within the first seven days, you risk losing access to your account – and potentially, your money as well!
In summary, when you place a wager on sports, the odds and pointspread determine the likelihood that you’ll win. If you’re familiar with these terms, you can begin to place bets with confidence. Otherwise, it might be wise to wait until you’ve mastered the art of betting before you begin depending on your gut feel to place wagers.