Sports Betting
by Jerry "Jet" Whittaker
January 22, 2006
Who will win the Super
Bowl this year? Which country is going to walk away with
the Soccer World Cup? Who will win the US Masters or
Wimbledon? How many gold medals will the USA bring back
from the Olympics? Welcome to the world of sports
betting.
If only we knew the
answers to the above questions we'd stand to become very
rich, very quickly. Put a bet on early in a tournament
when the odds are high and reap the huge benefits when
'your' team walks away with the trophy. When it comes to
sports betting, it's all about determining who's likely
to win, as early on in the tournament as possible. Leave
your bet until the final rounds and while the chances of
winning will be much higher, the payouts will be much
lower.
The Whats and Hows
of Sports Betting
As the name implies,
sports betting means you place bets on the outcome of
sports events. These can be major events, such as those
mentioned above, or local events. In general, horse and
dog racing is not included when gamblers speak of sports
betting.
There are clear
advantages to be had for the punter who knows his sport.
Let's take the Soccer World Cup as an example. If you've
been following the form of the various players during
their league match games, you'll have a good idea of
which national teams are likely to be strong and which
aren't. Thanks to your knowledge of the game, you'll be
able to place what's known as a calculated bet early on
in the tournament with a greater chance of winning than
those who are placing emotional bets, those based on
their favorite team or a name pulled from a hat. Both
types of bet are equally as popular on the sports
betting scene.
If you want to take
part in sports
betting, you'll need to find one of the many online
bookmakers. The 'bookie' will have done his homework
beforehand. After studying the form of each individual
or team that are participating in an event, he will have
set his odds to match what he believes will be the
outcome. The biggest odds, and therefore the best
opportunity for a big win for the punter, will have been
given to the teams who the bookie believes are least
likely to win.
Check The
Bookmaker's Odds
If you've already
decided which team or individual you want to place your
bet on, check the odds with a variety of bookmakers and
choose the one that's offering the best odds for your
choice. If you're intending to place a big bet, the
difference in the odds being offered could mean the
difference of hundreds, even thousands, of dollars, if
you get it right.
Sports betting is more than just choosing a winner -
it's also about finding the best overall bet!
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