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Gambling in sports
Besides the thrill of the sport itself, an additional
excitement of betting and gambling on football has
contributed to the growing spread of the game as such.
Legalities
Gambling in football is not considered legal in many
parts of the world, and even in some parts of America,
however, Most of Europe is okay with it. Even by
conservative estimates, and football gambling could well
be a multi-billion dollar industry.
The system of football gambling
For a beginner, it is very important to know the lingo,
and the way the gambling game goes. It would be
worthwhile for anyone seriously considering pursuing
football gambling, to take time to see, observe,
understand and learn the trade before jumping in. It
could be very confusing to just go and place a bet and
wait for the outcome. Football, by itself may have
different systems of betting in different areas, but the
basic lingo and jargon is same. Let’s have a look at it
to get a better idea.
Action
–The betting activity is described as Action. The use is
frequent in areas where football gambling is banned as
no bookies are in the yellow pages.
Handicap
–Is a leveling tool. If a team is much stronger than the
other for a contest, it gets a handicap so that the
field is even.
Handle
–The total amount of money wagered
Sports book & Bookie
- An establishment that takes bets, also known as a
book. The person who accepts bets is a bookie.
Juice
– what the bookie gets for accepting all the bets is
called juice. It is a percentage of the total amount
wagered. The juice could also be decided on the odds.
The spread
–spread is also a type of handicap used to make the game
more thrilling for the gamblers. Every game will have a
favorite and the underdog. The favorite gets a handicap
of a few points and has to beat the underdog by a margin
more than the spread for the bet to hold. Standard
notation for the point spread shows the favored team
first, followed by a negative number (the actual
spread). The home team is shown in capital letters. So
if Rogers were playing Turks on Turks’ home ground, and
they were favored to win by seven points, it would look
like this:
Rogers -4; Turks
To
win a bet on Rogers win, the Rogers must win by more
than 4 goals. This is just a way of compensating the
obvious.
The money line
– Sometimes money line system also is used to compensate
the difference in strength of teams. Here instead of the
points or goals, for every $1 in winnings from the game
while betting in favour of the favorite, one has to
stake say, $1.20. We can also call it as a premium or in
exactly the opposite circumstances, a discount. The
higher the premium, the lower the return and vice
versa...
These is just a brief idea of the behind the scenes
methodology that runs the system. As one gets
experienced, there are more backroom tricks that can be
picked up. However, the key here is to understand the
game as much, know the players, playing conditions and
the form the teams are in.
Football being
the most popular sport in the world, active gamblers
tracks the progress of teams, movement, health, and form
of players and uses the information actively to place
their bets. One can also see a trend setter changing the
odds by taking a position exactly opposite to the
general consensus.
Football gambling is perhaps much more complex than the
game itself, and it would need a series of such articles
for us to present the process in compressive detail,
meanwhile, we do suggest that no one should miss out on
any of the action, take the plunge with this tit bit,
and learn your ropes as you go along, Keep your eyes and
ears open always.
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