We’ve all seen them. Those TV shows where the odds are always in our favor and the house always takes the cake. What happens when the tables are turned and the house wins? We get pissed and we want our money back. That’s what we want when we place a wager on sports betting. When the house wins, we feel like we were cheated. We’re not happy with just getting our money back; we want our revenge as well. That’s what makes sports betting different from other types of wagering. You don’t want to walk away with your wallet lighter after losing a round of poker or blackjack. You get pissed off when the house wins in sports betting, and that’s completely normal. It’s what should happen when you’re placing a wager on the outcome of a sporting event. The rules are different when the house is winning instead of you. You want the opportunity to get even. That’s why when you place a wager on sports, the price of the ticket is called the “Series price.” Here’s a quick guide about what that means and why it’s important to know what it is when placing a wager on sports.
Wins, Losses, and Overtime
Let’s say you’ve got a wager on the Super Bowl. The game ends, the New England Patriots beat the Los Angeles Rams. Do you win or lose? It depends on if you caught the game late or if there was any overtime. If there wasn’t any overtime, you win. If there was, you lose. But what if the Patriots won the toss and elected to defer? That means they didn’t have to kick off and you don’t get to win the Super Bowl wager. Do you get your winnings or do you have to refund everybody’s bets? You get your winnings for the Super Bowl.
More Than Meets The Eye
When you place a wager on the outcome of a sports match, you’re typically placing a straight up wager. That means you’re wagering that the outcome of the game will be exactly the same as the posted odds. If the odds are 7/2 on the Yankees pitcher and the Yanks win, you win $7 at odds of 2/1. In other words, you’re risking $7 on the outcome of the game. That’s always the case when you place a wager on the outcome of a sporting event. The price to win or lose is determined by the house and is not published or guaranteed. What happens if the game ends in a draw? You lose, but your money stays in your pocket. The price for the series is not affected by the result of the game. It’s important to know that when you place a wager on the outcome of a sporting event, it’s not necessarily the same thing as placing a bet on the players’ careers. The players can lose as well, and that means you lose as well.
One Game Does Not An Entire Series
One of the most common questions people ask when they learn about sports betting is, “What if I don’t like the team that won the previous game?” You can’t blame them; it is a legitimate question. That’s almost always the case when you place a wager on the outcome of a sporting event. The series continues regardless of the result of a single game. For example, let’s say you’ve got a wager on the upcoming Boston-New York series. The Yankees beat the Red Sox last season, 4-2, but it’s the start of a new season and the Yankees haven’t won a championship in a long time. Do you still have to pay off on the wager? You do, but it’s not as bad as you think. The $2 washes away because it’s a new season and the Yankees will inevitably win the series. It’s the same with the Patriots as well. They dominated the Dolphins in their most recent meeting, 35-14, but it’s the start of a new season and the Pats haven’t been relevant for a while. They will win the series, just as they always seem to do.
Knowing what the series price is before placing a wager on a series is essential. It isn’t perfect, but it’s pretty close. You don’t have to worry about getting burned if the series doesn’t end up going your way. You can’t predict the future, and that’s the beauty of sports. Things change, and you’ve got to be able to adapt. That’s what makes sports so exciting. You’re never guaranteed to win, and that’s why you need to be smart about how you wager. Keep that in mind.