Many people are unaware of what Point Spread Betting (PSB) is and how it works. Thanks to the COVID-19 pandemic, people are now more digitally aware than ever before, opening the door to more opportunities in the gambling world. If you’re looking to enter the world of PSB, here’s everything you need to know.
How Does It Work?
Simply put, Point Spread Betting is the use of statistical analysis to gain a competitive advantage in sports betting. The concept is simple – in most cases, you’ll need to pick either the favorite or the dog of a sports team to win money. However, you’ll need to study the trends in the sport to know which one to choose. For example, if you’re analyzing football, you might want to choose the Denver Broncos as they are currently leading the league in points scored per game.
This system was first developed in the 1970s and since then, it’s gained a lot of popularity, especially in the U.S where it is legal to use it in sports betting. Many prominent casinos and bookmakers around the world use Point Spread Betting to determine the outcome of sports matches.
What Games Can I Bet On With It?
The most popular games people use Point Spread Betting on are NFL, NBA, Major League Baseball, and PGA golf championships. As mentioned above, the success of this betting method relies heavily on understanding the trends in the sport you’re analyzing. For example, if you’re looking to bet on an NBA game and you know that the league tends to go towards underdogs, you might want to choose the New Orleans Pelicans as against the Los Angeles Lakers. Similarly, if you’re analyzing a golf match and know that the leading golfers in the world are generally among the favorites, you might want to choose the favorite in this match.
Is It Legal To Use Point Spread Betting In The U.S?
Yes, Point Spread Betting is completely legal in the United States of America as long as the sport you’re analyzing is allowed in your state. However, you need to keep in mind that not all states are created equal when it comes to sports betting and many have quite strict gambling laws, even for non-residents. Make sure you know where you stand and what is legally allowed before you start exploring this option further.
How Much Can I Earn?
The amount of money you can make with Point Spread Betting varies from state to state, but it typically ranges from $2,000 to $10,000 per month. Naturally, the more you bet, the better your odds of winning, which means you can quickly rack up some nice earnings if you’re careful about how you handle your money.
How Much Should I Bet To Win?
The amount you should bet to win depends on your own personal opinion, but most people who use Point Spread Betting recommend betting at least half of your bankroll. Why? It’s quite simple; when you bet on sports, you’re essentially placing a wager and if the outcome is in doubt, you’ll need to decide whether to cover your bet or not. If you go over your limit, you’re risking potential financial ruin and that’s why it’s best to play it safe.
Additionally, you should keep in mind that the opposite is also true and if you bet on the favorites, you could very well lose a lot of money if the underdogs come through. The key to success with Point Spread Betting is in being accurate with your predictions and understanding the trends in the sport you’re analyzing. If you’re new to this method, it might take you a while to get the hang of it, but as long as you play by the rules, you should have no trouble winning money.
Hopefully, this article has answered all your questions about Point Spread Betting. If you’re looking for more information, make sure you check out our resource page where you’ll find everything you need in one place. Good luck out there.