Whether you are a seasoned sports gambler or an enthusiast, you will no doubt have heard of the ‘stat gambles’. These are wagers where you bet on the outcome of a sporting event based on specific statistical criteria. If you have followed our football articles over the past few years, you will know that we have covered many aspects of sports betting, including explaining the basics of how to bet and exploring the various betting strategies to help you make the most of your data. This week, we will examine one of the most popular types of wagers, which is based on a statistic that is fairly easy to understand.
The Basics Of Stat Gambling
Many people think that they can enter a stat gamble and instantly get rich. While it is true that you can win money quickly from these types of bets, you have to understand several key elements that determine your chances of winning or losing.
The first thing you need to consider is the purpose of betting. Are you entering the game to make a quick buck or are you interested in profiting from long-term strategies? Once you have determined the reason for entering the wager, you can decide how important the data is and whether you will actually follow the outcome of the game. For example, you might want to bet on whether a certain player will score more than three goals in a game because you think that is the key statistic that will decide the outcome. You might also bet on whether a team will cover the spread or agree to a price on the odds-maker’s board. You will, of course, have to factor in the cost of entering the wager and the potential for gain/loss; this is important because it means you will get back what you spent (plus more if you win).
Who Wins The Most Matches?
One of the first questions you will want to ask yourself when entering a stat wager is ‘who wins the most matches?’ Obviously, the best team in the world will beat the team with the worst record and, according to the laws of probability, that is overwhelmingly likely to happen. However, even winning the match does not guarantee you will win the wager. If you are betting on the outcome of a one-off game (e.g. the season finale), you might be inclined to assume that the home team will triumph. But what if they play away and you are travelling to support your team? Will that change the outcome of the game? And what if the away team is having a lucky day and beats you?
The answer is that it depends on how you define ‘matches’. If you are in the UK, you will most likely be familiar with the concept of draws. A draw is simply when two or more teams are tied on aggregate score and the match is decided by a lottery. In the example above, the match is evenly poised but, due to random chance, your team loses. In a similar scenario, if the other team scores three goals in the final minute of the match, you lose even though you had the advantage of scoring more goals first.
When you lose a stat wager, it is important to take a step back and assess whether you were in the right or wrong. It is easy to get so absorbed in the match that you do not consider how the odds might have shifted since you started. It is also important not to get too attached to your team as a result of one or two good performances – it is always advisable to bet on the total package, rather than individual statistics. If you are a new entrant to the world of sports betting, you might want to start with a few simple and well-known statistics before venturing into more complicated bets, which you could lose badly if you are not careful.
Is One Goal The Same As Two?
What happens when one team scores a goal and the other does not immediately follow? In most cases, the goal does not count and you will have to wait until the next time one of your team scores to settle the bet. So, in the example below, if the home team scores a goal and the other team does not immediately respond, you win the bet. If the visitors score another goal before your team scores again, you lose the bet.
If the opposite happens and your team scores after the other team has scored a goal, the goal does not count and you will have to wait until there is a second goal to settle the bet. In that case, you lose the bet and, in some instances, you can ask the bookmaker to give you your winnings back (the amount depends on the odds offered by the bookmaker).
What If The Results Come In A Draw?
What if the results of a match come in a draw? In these instances, you typically have to wait until the next match to settle your bet. In the above example, if the result is a draw, you most likely have to wait until the season finale to finally conclude the bet. However, as mentioned above, if you are betting on the outcome of a one-off game, you might have to wait until the next game to settle your bet.
If you are a keen gambler and you have a large sum of money to risk, you might want to consider backing multiple teams in a single match. For example, what if you want to make a profit from the result of the Champions League final between Real Madrid and Juventus? You could lay bets on both teams to win, draw or lose. You will have to wait until the end of the season to see which team won but, during that time, you will be able to enjoy a slice of Italian delights if your team managed to come through in the second leg.
Can The Home Team Cover The Spread?
Some betting markets are set up such that the home team can cover the spread. This simply means that the bookmaker assumes the home team will win and sets their odds slightly in favour of the visitors. The advantage of betting on the spread is that you do not need to worry about whether your team will win or lose since the bookmaker will take care of that for you. As a result of this, you can place a wager with confidence even if you are not sure about the final score.
As shown above, if the match is even and you think the total score will be close, you could choose to lay bets on both teams to win. This is called a ‘push’ and it is one of the most popular types of wagers where you can get involved with little or no know-how. If the spread is 7-2 in favour of the home team, you would lay a bet on Real Madrid to win the match 7-2, draw 7 or lose 2.
What If I Have A Bet On Several Teams?
If you have a number of bets on various teams, you will have to wait for most of them to settle before you can find out the result of all of them. In most instances, this will be the case when there are multiple draws in the season – you will have to wait until the end of the season to see if all your bets came in. In the example below, the home team will win but you need to wait for the other results to show whether you will win your wager or not.
What if I Need To Know The Score To Place A Bet?
Sometimes it is necessary to know the result of a match before you can place a wager. If you are not sure about the score, you will have to wait until the end of the game to see if your team won or lost. In some instances, you might have to wait until the next game to place a bet since the result of the game might not be known at the time you place the wager. In the above example, you will need to wait until the full amount is settled before you can place a bet on Madrid to win the match.
All of these examples show that you have to think carefully about the reasons why you are entering the match before you place any wagers. Once you have done this, it is easy to proceed to enter a bet on one of the numerous permutations available to you. Make sure you read the rules and regulations of the bookmaker you are using and keep in mind that some bets are riskier than others. You should not enter a game that you are not confident you can exit successfully should you lose. Finally, make sure you have all the information you need before you place the wager – you do not want to place a bet on a game that you do not fully understand the rules of.