Getting Started with Sports Betting – Understanding the Basics

You may be thinking of giving betting a try, but, at the same time, you may be worried that the betting system is far too complex and risky. In that case, sports’ betting is something that you can consider; it is believed to be less risky and easy to do. When you bet on sports, you are trying to predict the result of a match. So, you place money on your prediction; if you are right, you win, if not you lose. The main reason why sports’ betting is so popular these days is because it is easy-to-understand as there are only a few basics and terminology that you must be familiar with; rest is your luck. No surprises then why people who do not even watch sports events or have much interest in these can take part in this.

As an Arizona sports betting fan, if you are looking for the best Arizona sports betting guide, you will come across number of options. To get started with sports betting in Arizona is not difficult as it seems to be once you get the hang of it. You will be placing your bets on the predicted outcomes of various sporting events with the bookmakers of Arizona. You the bettor win or lose based on the real outcomes of the game and your bookmaker pays you the money that you win.

Even though sports-related betting may be easy, you should know how it works since you will place your hard-earned money as wagers. Moreover, once you are accustomed to its working, you can actually draw bigger profits through sports bets. Here are some important things to know:

  • Fixed odds betting: is the original betting where a person predicts the outcome and places a wager accordingly. When the prediction is right you receive a payout depending on the preset odds.
  •  Wager: A wager will always have two parties with opposite predictions. One is a bettor while the other is a bookmaker. The former will place the wager while the bookmaker will take the wager.
  • Selection: depends on what a bettor will bet on; this does not necessarily have to be on an individual or team likely to win. There can be different types of wagers.
  • Stake: It is money that is placed on a wager; this is paid to a bookmaker when the bet is placed and he keeps the stakes from losses and returns this when the bettor has won, along with his winnings. Most of the bookmakers demand that bettors stake a minimum amount or stake which can be as low as $1.
  • Odds: Bookmakers will provide offs for all selections; these indicate how much money the bookie has to pay to a bettor according to the stake when the selection is right.
  • Payout: It is the amount of money the bookmaker has to pay the bettor when he makes a right selection.

Types of wagers in sports betting:

Sports betting activities are popular as there are various choices; you are free to bet on any sport you like, whether it is a league or match.

  • In live betting, wagers will be placed at the fixed odds; but unlike fixed odds betting, bets can be placed while the game is going on. So, it opens up many betting opportunities.
  • Exchange betting will use fixed odds but happens without bookmakers. Both parties are bettors here, one supporting a selection and the other laying it. So, the latter basically works like a bookie. When backer’s selection is right, the layer will pay him according to agreed odds.
  • Spread betting does not have odds and the wager will neither win nor lose.
  • Pari-mutuel betting is used mainly for horse-racing events; it does not need bookmakers and odds. For every event, people’s stakes are paid in a pool and when the event ends, people who supported the winning selection are paid from the pool.
  • Esports betting: is like fixed odds betting but wagers are not placed on traditional sports; rather on video gaming.