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If you’re a sports enthusiast and had wished to wager on sports within the past, but were weighed down by all the technical jargon for example point spreads, odds, and book making, relax. After you have read this post, you shall be ready to participate in a short time period. Although sports betting may appear quite daunting at the beginning, it is not as complex as it may seem.
Gambling had deep roots in England and quite naturally, the colonists brought their love of gambling over to the states and continued with the tradition. Early colonists happen to be known to bet on cock-fighting, boxing, and horse racing. In the early nineteenth century, a large number of gambling was centered on horse racing with boxing in second place. In contrast, with increasing popularity of baseball, the focus of sports gambling shifted to baseball betting towards the later included in the century.
Through the start of the twentieth century, sports like the college basketball and football started getting the attention of open public and with the passage of time these sports were competing with baseball with regard to popularity. The earliest form of wagering on football and basketball involved the utilization of odds – a system still practiced today – often known as the money line.
The method of betting with money line posed big problems for the bookmakers and they were forced to put together a substitute. A majority of gambles were inclined to place bets on college teams that were quite superior to their opponents, making the outcome of the matches a foregone conclusion and resulting in losses for book makers. Just prior to the Second World War broke out, the bookmakers introduce a whole new method of sports gambling that transformed this industry forever.
In simple terms, the point spread is a handicap that is placed on the likely winner of the basket ball or football game in points. By way of example, in the event the Lakers were expected to simply demolish the Clippers, the point spread for the game could possibly be calculated at up to 20 points. Simply put, 20 points will be either subtracted from the total score of Lakers score, or added to the total score of Clippers. In such a case, any sports enthusiast who placed a sports bet on the Lakers would only make money should the Lakers win by at least 21 points. Similarly, gamblers wagering on the Clippers stand to win their bets if the Clippers win the game and even in the event the Clippers lose the game, gamblers can still win provided Clippers lose by 19 points or less.
The point spread helped the bookmakers to balance their books as bets on sporting events were more evenly placed as compared to the previous system where nearly all of gamblers placed bets on the exact same teams.
The huge success of the point spread helped the bookmakers recognize that the more betting options the public had, the more bets they will be very likely to place. This realization resulted in the establishment of another system, the totals. Often known as “overs / unders,”, this betting proposition provides the gamblers to bet on the total score of both the teams, irrespective of the outcome of the game.
Sports betting has gone through many stages of evolution with the passage of time. Bookmakers have continued to put together betting methods and opportunities, latest of them being teasers and parlays. On the other hand, placing a sports bet with the traditional money line, against the point spread, or through totals, will still be the three most popular forms of sports good gambling – hyperlink -. Regardless of what sports you follow, there is an equal opportunity now to earn money through your favorite sports.
