What is Sports Betting and How does it Work

Sports Betting
What is Sports Betting and How does it Work

Sports betting is loved by Aussies like any other game. Sports betting means that there is a sporting venue where you can have live or online sports gaming and you predict the outcome of a game and place a wager. If your prediction comes true you win money and if not then you lose.  As and as sports betting came up for various kinds of sports in Australia there was more variety to be seen in the betting styles and wagering on these sports that players adopted for wins.

Here are few types of betting that players adopt

1. Straight Betting

Straight Betting
Straight Betting

A straight bet involves a spread. The spread provides one side with a handicap while it favours the other. The goal is to encourage betting on the underdog. The spread gives points to the team less likely to win. A bookmaker building a spread on a basketball game assigns points to the team expected to lose. If team A is ranked higher than team B, an educated guess would include a win for team A. To increase up the betting, team A must beat team B by at least three points to create a spread. If team A scores 50 and Team B scores 49, those who bet on team A lose. The winning team failed to beat the spread. Anyone who wagered on team B receives a payout. The opposite would be true if the score of the game was 54 over 49. Team A won by a score greater than the three-point spread.

2. Parley Betting

Parley Betting
Parley Betting

This is a term you hear often about sports betting. By definition, a parley is a discussion or conference. In the world of sports betting, it means placing money down on multiple games. The advantage of parley betting is the payout. Parleys involve as many as 12 different bets, so winning payouts are substantial. Parlay betting is a bigger risk because it is all or nothing. Bettors must win all the games, whereas, with straight betting, they only need to beat the spread on one game.

The only requirement of a parley is multiple bets. Bettors have the option to wager on different sports formats, such as two basketball games and one football. They may also play a team parley. Team parleys involve multiple bets on the same sports team. A progressive parley allows a payout even if the bettor fails to win all the games. They payout is less, but so is the risk.

3. The ‘If’ Bet

The ‘If’ Bet
The ‘If’ Bet

An If bet is two straight bets put together with an if-clause. For example, if team A beats team B and then goes on to lose against team C, the wager pays. They if-clause means team A must win one and lose one for the bet to pay. Like all straight bets, the if version utilizes a spread. It is not about just winning the game. The team must beat the spread, as well.

The legality of sports betting depends on the location of the bet. In Australia, it is a common platform for betting and with fewer legalities. When it comes to the US it is common in Las Vegas but illegal in Kansas. In the UK bookmaking is a legal profession. Therefore if you are travelling to different countries and want to do some sports betting then you need to know their state and country laws. Also same goes for online sports betting. It should be considered a fun game rather than making it an addiction and losing your money often, so act wisely in sports betting.

There are many reputed websites online that offer sports betting to Australian punters. Keep visiting pokiesplayonline to know about these websites.

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