Sports Betting Sites Reddit
2021年4月27日Register here: http://gg.gg/ue2cr
*Reddit Soccer Betting
*Football Betting Reddit
*Sports Betting Sites Reddit
As one of the 10-most active websites in the world and home to a massive community of real people, Reddit is a goldmine of interesting and useful information for just about every topic imaginable. Regardless of the topic that interests you, there is a high likelihood Reddit has an active community dedicated specifically to that topic.
The thing that makes Reddit different than other websites is Reddit is entirely community-driven. This means it isn’t just one person writing all the content from one point of view. At Reddit, anyone can chime in with a comment and you are exposed to multiple points of view and differing opinions.
The top sports betting sites in the world will have thousands of daily markets on every professional event taking place. Betting live, placing bets from mobiles, including betting apps, finding the best odds and of course the laws that apply are just some of the things we cover in our #1 Guide to the top International sports betting sites. One of the top sports betting sites for the US right now is BetNow. This online sportsbook is licensed in Curacao, so you know it’s legit. As you’d expect from any of the best sports betting sites, BetNow offers an intuitive user interface that will help you easily browse through the large number of sports and events covered.
When it comes to sports betting in particular, one of the big reasons I like Reddit is the best sports betting subreddits do not have an agenda – they consist of normal people exchanging ideas. The people commenting are typically are not trying to sell you something or promote any bookmakers. In the end, what you get is a more organic exchange of ideas.
The downside to visiting betting sub-reddits is that anyone can sign up for a Reddit account and comment, no expertise necassary. It’s up to you to read through the various comments, keep what you like and discard the rest. The voting system employed by Reddit does enforce some level of quality control, but it is not perfect.
For those unfamiliar with Reddit, you may find it confusing at first. Just stick with it for a while and you will get the hang of it. The basic rundown is this: Reddit.com is the main website and the homepage is a mish-mash of popular topics.
Subreddits are the individual communities within Reddit that focus on a specific topic. The URL structure for any particular topic looks like this, for example: www.reddit.com/r/sportsbetting.
During conversation, Redditors (people who use Reddit) drop the full URL when referring to other subreddits. Thus, someone might refer to the sports betting reddit as just r/sportsbetting.
Within each subreddit, people can start topics of discussion by either submitting a link to something interesting or writing a post of their own. In both cases, other people can stop by to read the post or visit the link and have a discussion around the topic at hand. Each subreddit is full of these discussion threads, so there is quite a bit of interesting content and discussion to peruse at your leisure.
Now, let’s get to the topic at hand. The following betting related subreddits are organized by category and then listed in order of the number of subscribers. In general, the more subscribers a subreddit has, the more active it is.
Note: All subscriber numbers were originally collected on 24 May, 2017 and will be updated as needed.Best Sports Betting Subreddits
These subreddits are geared towards sports betting in general. There is no singular focus on a specific type of sport, but the content mostly centers around mainstream sports such as soccer, football, MMA, baseball, basketball, tennis and so on.
r/sportsbook: 33,833 subscribers
r/sportsbook is a great all-around sports betting community that is active, well-moderated and interesting. Daily sports betting threads for specific sports leagues are useful for timely information and opinions. You will also find the occasional highly informative post such as this one that really digs into the math behind sports betting strategies.
The subreddit sidebar (which is located on the right side of the screen when viewing from a desktop) also contains useful resources and links to other websites. For example, they link out to betting calculators, basic betting terms, statistics, other useful tools and related subreddits.
No matter which sport you enjoy, r/sportsbook is always worth a look. You will also find the occasional thread dedicated to eSports betting and other niche sports.
Visit: https://www.reddit.com/r/sportsbook/
r/SoccerBetting: 18,398 subscribers
If you like to bet on soccer, you are in luck. This is one of the best betting subreddits of all and it is all football, all the time. The sub is highly active and has a friendly community that shares everything from big scores to the latest betting tips.
The frequent live betting / watching threads are a great place to hang out during big matches and talk about what’s happening, how your bets are faring and more. Other topics of discussion include everything from betting tips to people asking how in the heck in-play betting sites are able to keep track of so many games happening all at once.
Visit: https://www.reddit.com/r/SoccerBetting/
r/SportsbookReview: 138 subscribers
This is not the largest or most active betting subreddit, but new reviews are posted just often enough to keep it fairly up to date and very useful. Anyone can visit to leave a review, and reviews are grouped together into one thread for each betting site.
The reviews here are not very in-depth, but they offer the advantage of not being written by people who receive compensation from those same books. These are some of the most organic sportsbook reviews you will find on the internet.
Visit: https://www.reddit.com/r/SportsbookReview/eSports Betting SubredditsReddit Soccer Betting
There are two major eSports betting communities on Reddit. One is dedicated to Counter-Strike and the other is dedicated to Dota 2. Both are full of useful information for upcoming matches, strategies for smart betting and recommendations of where to bet on eSports online.
r/csgobetting: 46,664 subscribers
Interestingly, r/csgobetting is the largest betting-related subreddit on all of Reddit. If you’re into eSports and Counter-Strike in particular, this is the subreddit for you. New threads are started each day for upcoming matches in addition to a daily thread for general CSGO betting discussion.
The daily betting threads normally get upwards of 150-200 comments each while the threads dedicated to specific matches are good for 10 or more comments at a time. You will also find the occasional general strategies thread and threads discussing which betting sites are the best for CS:GO. In all, this subreddit is chock-full of useful information.
Visit: https://www.reddit.com/r/csgobetting/
r/Dota2Betting: 1,970 subscribers
Dota2Betting is not nearly as busy as some of the other subreddits discussed here, but it is still worth browsing if you bet on Dota2. You can expect to find at least two or three new threads each day. The Dota 2 subreddit consists primarily of daily predictions threads along with the occasional thread for individual matches or big events.
The Dota2 betting subreddit has lost a good deal of its activity in the wake of the Valve skins betting scandal that resulted in the closure of many skins betting sites, but you can still find a good deal of discussion and commentary useful for regular real-money betting. The sidebar also contains a number of links that you will find handy for statistics and betting research.
Visit: https://www.reddit.com/r/Dota2Betting/Horse Racing
Horse racing betting is a bit of a slow topic at Reddit, but there are still a couple horse racing betting subreddits that you may find helpful.
r/horseracing: 3,810 subscribers
The general horseracing subreddit is fairly active considering it has fewer than 4,000 subscribers. New threads are started daily, although the discussion does not often exceed 5 or 10 comments. Bigger horse racing betting events such as the Kentucky Derby and Preakness Stakes do result in a significant amount of discussion however.
This subreddit is open to all horse racing discussion, but it definitely has an emphasis on races held in the USA. Threads started in this subreddit cover a broad range of topics including everything from upcoming race previews to basic handicapping questions to people posting screenshots of winning tickets.
Visit: https://www.reddit.com/r/horseracing/
r/HorseRacingUK: 302 subscribers
Whereas r/horseracing focuses on the US racing scene, r/HorseRacingUK is all about horse races hosted in the UK. This subreddit is the least active of all we have discussed today, but the occasional news article and daily tips threads do offer some interesting and useful commentary that will help you in your handicapping endeavors.
Visit: https://www.reddit.com/r/HorseRacingUK/
We’ve published multiple pages about “real money” gambling.
Most of these pages distinguish between real money versions of
various casino games and the corresponding free versions of
those games. But when discussing “real money sports betting”,
we don’t really have a “free sports betting” activity with which to
contrast the activity.
Instead, when people talk about real money sports betting,
they’re talking about betting for meaningful amounts of cash.
A lot of times, they’re interested in how to bet on sports online,
but some of them are interested in getting some money into action with a bookmaker. In the United States,
betting on sports presents some interesting legal questions, too.
This page presents a broad overview of how the business works, which sports are most commonly wagered
on, and how the various bets work. The links from within the page go to more detailed pages on specific
subjects.Our List of the Top Real Money Sports Betting Sites for 2021RankGambling SiteDeposit BonusGet Started#1 Up To €150Visit Site#222Bet Sports100% Up To €122Visit Site#3100% Up To €200Visit Site#410Bet Sports100% Up To €50Visit Site#5100% Up To €50Visit SiteSportsbooks and Bookmaking
Many people just make bets on the outcome of a game with their buddies. If your buddy at work wants to bet
you $20 that the Cowboys are going to win Monday night’s game, then that’s a so-called “simple wager”.
That’s not really the kind of sports betting we’re interested in on this page.
When you start putting real (significant amounts of) money into action, you have to find someone who’s
willing to take the other side of that bet. Luckily, some people are in the business of taking this action.Those people are called “bookmakers”, and the
businesses they run are called “books” or “sportsbooks”.
In the United States, placing such a wager over the phone is illegal because of the Wire Act. As a result, the
only legal businesses taking this kind of action operate out of Las Vegas, Nevada. And they don’t accept
action over the phone or the Internet. You have to show up there to place bets.
But anyone who’s spent any length of time in a neighborhood bar knows that plenty of entrepreneurs are
willing to skirt the law in order to take your bets. These are the neighborhood bookies that you see in the
movies. Unless and until their businesses get incredibly large, these neighborhood sports books generally
operate unimpeded by law enforcement.
In other, more enlightened, countries – like the United Kingdo – sports betting as a business is legal and
regulated. We’re fans of this approach. The libertarian in us feels like citizens should be allowed to spend
their money on whatever they want to, even if that includes wagers on sporting events.
Also, when you’re dealing with a licensed and regulated business in the industry, you have certain
protections that aren’t available when you’re dealing with a neighborhood bookie. If you’re reminded of the
dangers of “bathtub gin” and “moonshine” during Prohibition, then you know what we mean.
No one is suggesting that betting on sports or drinking alcohol are the best uses of your time and/or money.
But people are going to bet on sports and/or drink alcohol regardless of the legality. So why not put the
government to work protecting the safety of its citizens?
Regulated distilleries and breweries provide a healthy, safe product for consumers to imbibe. We contend
that the sports betting industry would be safer for individual sports bettors if it were entirely legal and
regulated throughout the United States. At the same time, we don’t think that legalizing and regulating
sports betting is going to be high on any legislators’ agendas any time in the near future.How Odds Work in Sports Betting
When you’re betting with a bookmaker, they need to make sure that they have an opportunity to break even
and make a bit of profit while they’re at it. They can’t do that by just taking action willy-nilly. For example, if
the Dallas Cowboys are playing the Cleveland Browns, all of the bookmaker’s customers are going to bet on
the Cowboys. And most of the time they’re going to win.
In order to get action on both sides of a wager, the bookmakers use odds to make both bets attractive. This
is often in the form of bets which pay off at a higher amount the less likely they are to win. We provide an
overview of the different odds formats below, or you can read in more detail on the following page.American Odds (Moneyline Odds)
In most sports in the United States, “American odds” or “moneyline odds” are used to make wagers attractive.
You can usually bet any amount (with certain minimums) in these situations, but the odds are represented
with the amount of money compared to $100.
*If the odds start with a minus sign, then that’s how much you have to bet in order to win $100
*If the odds start with a plus sign, then that’s how much you win if you bet $100
Here’s an example. If the Cowboys are favorites against the Browns, you might see the odds listed as follows:Match Winner-120+115
So you’d have to risk $120 to win $100 if you bet on the Dallas Cowboys.
You’d only wager $100 on the Browns, but if you won, you’d win $115.
This makes both wagers attractive. On one hand, you have a better chance of winning if you bet on the
Cowboys, but you don’t win as much for your money. On the other hand, you might win fewer bets on the
underdog (Cleveland), but when you do, it’s going to pay off better.
In these situations, a point spread isn’t used.Decimal Odds and Fractional Odds
Not all countries (nor all bookmakers for all bets) use this format to represent the odds. Books in other
countries often use decimal odds and/or fractional odds. These have the same effect, but they’re a different
way of representing how much you stand to win or lose.
We think decimal odds are more intuitive and easier to understand, and we’re not sure why moneyline odds
became so popular in the United States. With decimal odds, you’re just looking at a multiple of how much
you bet. This indicates how much you’ll win.
Here’s an example.Match Winner1.832.15
These are the same odds that we used in our first example, they’re just represented differently. If you bet
$100 on the Dallas Cowboys, you’ll get $183 back — the $100 you bet plus an $83 profit. If you bet $100 on
the Cleveland Browns, you’ll get $215, the original $100 you bet plus $115 in profit.Sports Betting Odds: An Important Consideration
The betting odds never represent the true odds of one team or another winning. All of these bets pay off at
less than the true odds that the handicapper expects. That’s how a bookmaker generates a profit.
If a bookie offered bets at the true odds of winning, he’d break even. In that case, he would have spent all the
time and effort running his business only to make no money. Few people love sports betting enough to do
that.
Most books are looking to make between 10% and 20% profit. Their goal with these kinds of odds is to get
even money on each side. That way they can pay off the winners with the losers’ money, keeping the
difference as their profit. You can read more about bookmakers and their methods for making money on the
following page.Sports Betting Sharps
“Sharps” are sports bettors who are good enough at handicapping that they can recognize when the
professional handicappers or books have errors in their odds, presenting a profitable situation.
Handicapping sports at such a level is hard, especially considering how sophisticated professional
bookmakers have become.
But knowing how to achieve a positive return when betting real money on sports is the most profitable
advantage gambling opportunity we know of. It’s heads and shoulders above the other possibilities, which
include blackjack (counting cards), poker (expert play), and video poker (again, expert play).Is It Legal to Bet on Sports?
It’s illegal in the United States to run a sports betting business, but some states are exceptions. These include
Delaware, Montana, Nevada, and Oregon. And even in the case of those states, you’re not allowed to place
wagers on sporting events using any kind of telephone or Internet line. That’s what the Federal Wire Act is all
about.
Polls seem to indicate that legalization of sports betting in the United States has limited support. Professional
sports organizations, especially the NFL, contend that legal wagering would corrupt the integrity of the game.
How they come to that conclusion is anybody’s guess, as plenty of illegal wagering seems to have left the
integrity of the games intact.
In other countries, especially in Europe, sports betting businesses are legal and regulated. As we mentioned
earlier, that kind of situation provides a certain amount of protection for the consumer. It’s a lot less likely
for a licensed, regulated corporation to disappear with their winnings after the Super Bowl than it is for
Charlie the local bookie you met through your buddy at the bar in Anytown, USA.
Enforcement activities in the United States are generally restricted to people operating illegal sports betting
businesses, but even in those cases, enforcement is pretty lax. It’s impossible to find accurate statistics
regarding the size of the illegal sports betting industry in the United States, but we’ve seen estimates as high
as $400 billion a year. An estimated $95 billion is wagered on the Super Bowl alone every year.Sports That Are Commonly Bet On
Any sport with an uncertain outcome is a sport that someone can place wagers on. The types of wagers vary
from sport to sport, and some sports generate more action than others.
We’ve included an overview of the sports which generate the most action throughout the world below, along
with a brief explanation of each and how betting on it works.Baseball
Baseball is, of course, the national pastime in the United States. Most baseball bets are made on the
moneyline, t
https://diarynote.indered.space
*Reddit Soccer Betting
*Football Betting Reddit
*Sports Betting Sites Reddit
As one of the 10-most active websites in the world and home to a massive community of real people, Reddit is a goldmine of interesting and useful information for just about every topic imaginable. Regardless of the topic that interests you, there is a high likelihood Reddit has an active community dedicated specifically to that topic.
The thing that makes Reddit different than other websites is Reddit is entirely community-driven. This means it isn’t just one person writing all the content from one point of view. At Reddit, anyone can chime in with a comment and you are exposed to multiple points of view and differing opinions.
The top sports betting sites in the world will have thousands of daily markets on every professional event taking place. Betting live, placing bets from mobiles, including betting apps, finding the best odds and of course the laws that apply are just some of the things we cover in our #1 Guide to the top International sports betting sites. One of the top sports betting sites for the US right now is BetNow. This online sportsbook is licensed in Curacao, so you know it’s legit. As you’d expect from any of the best sports betting sites, BetNow offers an intuitive user interface that will help you easily browse through the large number of sports and events covered.
When it comes to sports betting in particular, one of the big reasons I like Reddit is the best sports betting subreddits do not have an agenda – they consist of normal people exchanging ideas. The people commenting are typically are not trying to sell you something or promote any bookmakers. In the end, what you get is a more organic exchange of ideas.
The downside to visiting betting sub-reddits is that anyone can sign up for a Reddit account and comment, no expertise necassary. It’s up to you to read through the various comments, keep what you like and discard the rest. The voting system employed by Reddit does enforce some level of quality control, but it is not perfect.
For those unfamiliar with Reddit, you may find it confusing at first. Just stick with it for a while and you will get the hang of it. The basic rundown is this: Reddit.com is the main website and the homepage is a mish-mash of popular topics.
Subreddits are the individual communities within Reddit that focus on a specific topic. The URL structure for any particular topic looks like this, for example: www.reddit.com/r/sportsbetting.
During conversation, Redditors (people who use Reddit) drop the full URL when referring to other subreddits. Thus, someone might refer to the sports betting reddit as just r/sportsbetting.
Within each subreddit, people can start topics of discussion by either submitting a link to something interesting or writing a post of their own. In both cases, other people can stop by to read the post or visit the link and have a discussion around the topic at hand. Each subreddit is full of these discussion threads, so there is quite a bit of interesting content and discussion to peruse at your leisure.
Now, let’s get to the topic at hand. The following betting related subreddits are organized by category and then listed in order of the number of subscribers. In general, the more subscribers a subreddit has, the more active it is.
Note: All subscriber numbers were originally collected on 24 May, 2017 and will be updated as needed.Best Sports Betting Subreddits
These subreddits are geared towards sports betting in general. There is no singular focus on a specific type of sport, but the content mostly centers around mainstream sports such as soccer, football, MMA, baseball, basketball, tennis and so on.
r/sportsbook: 33,833 subscribers
r/sportsbook is a great all-around sports betting community that is active, well-moderated and interesting. Daily sports betting threads for specific sports leagues are useful for timely information and opinions. You will also find the occasional highly informative post such as this one that really digs into the math behind sports betting strategies.
The subreddit sidebar (which is located on the right side of the screen when viewing from a desktop) also contains useful resources and links to other websites. For example, they link out to betting calculators, basic betting terms, statistics, other useful tools and related subreddits.
No matter which sport you enjoy, r/sportsbook is always worth a look. You will also find the occasional thread dedicated to eSports betting and other niche sports.
Visit: https://www.reddit.com/r/sportsbook/
r/SoccerBetting: 18,398 subscribers
If you like to bet on soccer, you are in luck. This is one of the best betting subreddits of all and it is all football, all the time. The sub is highly active and has a friendly community that shares everything from big scores to the latest betting tips.
The frequent live betting / watching threads are a great place to hang out during big matches and talk about what’s happening, how your bets are faring and more. Other topics of discussion include everything from betting tips to people asking how in the heck in-play betting sites are able to keep track of so many games happening all at once.
Visit: https://www.reddit.com/r/SoccerBetting/
r/SportsbookReview: 138 subscribers
This is not the largest or most active betting subreddit, but new reviews are posted just often enough to keep it fairly up to date and very useful. Anyone can visit to leave a review, and reviews are grouped together into one thread for each betting site.
The reviews here are not very in-depth, but they offer the advantage of not being written by people who receive compensation from those same books. These are some of the most organic sportsbook reviews you will find on the internet.
Visit: https://www.reddit.com/r/SportsbookReview/eSports Betting SubredditsReddit Soccer Betting
There are two major eSports betting communities on Reddit. One is dedicated to Counter-Strike and the other is dedicated to Dota 2. Both are full of useful information for upcoming matches, strategies for smart betting and recommendations of where to bet on eSports online.
r/csgobetting: 46,664 subscribers
Interestingly, r/csgobetting is the largest betting-related subreddit on all of Reddit. If you’re into eSports and Counter-Strike in particular, this is the subreddit for you. New threads are started each day for upcoming matches in addition to a daily thread for general CSGO betting discussion.
The daily betting threads normally get upwards of 150-200 comments each while the threads dedicated to specific matches are good for 10 or more comments at a time. You will also find the occasional general strategies thread and threads discussing which betting sites are the best for CS:GO. In all, this subreddit is chock-full of useful information.
Visit: https://www.reddit.com/r/csgobetting/
r/Dota2Betting: 1,970 subscribers
Dota2Betting is not nearly as busy as some of the other subreddits discussed here, but it is still worth browsing if you bet on Dota2. You can expect to find at least two or three new threads each day. The Dota 2 subreddit consists primarily of daily predictions threads along with the occasional thread for individual matches or big events.
The Dota2 betting subreddit has lost a good deal of its activity in the wake of the Valve skins betting scandal that resulted in the closure of many skins betting sites, but you can still find a good deal of discussion and commentary useful for regular real-money betting. The sidebar also contains a number of links that you will find handy for statistics and betting research.
Visit: https://www.reddit.com/r/Dota2Betting/Horse Racing
Horse racing betting is a bit of a slow topic at Reddit, but there are still a couple horse racing betting subreddits that you may find helpful.
r/horseracing: 3,810 subscribers
The general horseracing subreddit is fairly active considering it has fewer than 4,000 subscribers. New threads are started daily, although the discussion does not often exceed 5 or 10 comments. Bigger horse racing betting events such as the Kentucky Derby and Preakness Stakes do result in a significant amount of discussion however.
This subreddit is open to all horse racing discussion, but it definitely has an emphasis on races held in the USA. Threads started in this subreddit cover a broad range of topics including everything from upcoming race previews to basic handicapping questions to people posting screenshots of winning tickets.
Visit: https://www.reddit.com/r/horseracing/
r/HorseRacingUK: 302 subscribers
Whereas r/horseracing focuses on the US racing scene, r/HorseRacingUK is all about horse races hosted in the UK. This subreddit is the least active of all we have discussed today, but the occasional news article and daily tips threads do offer some interesting and useful commentary that will help you in your handicapping endeavors.
Visit: https://www.reddit.com/r/HorseRacingUK/
We’ve published multiple pages about “real money” gambling.
Most of these pages distinguish between real money versions of
various casino games and the corresponding free versions of
those games. But when discussing “real money sports betting”,
we don’t really have a “free sports betting” activity with which to
contrast the activity.
Instead, when people talk about real money sports betting,
they’re talking about betting for meaningful amounts of cash.
A lot of times, they’re interested in how to bet on sports online,
but some of them are interested in getting some money into action with a bookmaker. In the United States,
betting on sports presents some interesting legal questions, too.
This page presents a broad overview of how the business works, which sports are most commonly wagered
on, and how the various bets work. The links from within the page go to more detailed pages on specific
subjects.Our List of the Top Real Money Sports Betting Sites for 2021RankGambling SiteDeposit BonusGet Started#1 Up To €150Visit Site#222Bet Sports100% Up To €122Visit Site#3100% Up To €200Visit Site#410Bet Sports100% Up To €50Visit Site#5100% Up To €50Visit SiteSportsbooks and Bookmaking
Many people just make bets on the outcome of a game with their buddies. If your buddy at work wants to bet
you $20 that the Cowboys are going to win Monday night’s game, then that’s a so-called “simple wager”.
That’s not really the kind of sports betting we’re interested in on this page.
When you start putting real (significant amounts of) money into action, you have to find someone who’s
willing to take the other side of that bet. Luckily, some people are in the business of taking this action.Those people are called “bookmakers”, and the
businesses they run are called “books” or “sportsbooks”.
In the United States, placing such a wager over the phone is illegal because of the Wire Act. As a result, the
only legal businesses taking this kind of action operate out of Las Vegas, Nevada. And they don’t accept
action over the phone or the Internet. You have to show up there to place bets.
But anyone who’s spent any length of time in a neighborhood bar knows that plenty of entrepreneurs are
willing to skirt the law in order to take your bets. These are the neighborhood bookies that you see in the
movies. Unless and until their businesses get incredibly large, these neighborhood sports books generally
operate unimpeded by law enforcement.
In other, more enlightened, countries – like the United Kingdo – sports betting as a business is legal and
regulated. We’re fans of this approach. The libertarian in us feels like citizens should be allowed to spend
their money on whatever they want to, even if that includes wagers on sporting events.
Also, when you’re dealing with a licensed and regulated business in the industry, you have certain
protections that aren’t available when you’re dealing with a neighborhood bookie. If you’re reminded of the
dangers of “bathtub gin” and “moonshine” during Prohibition, then you know what we mean.
No one is suggesting that betting on sports or drinking alcohol are the best uses of your time and/or money.
But people are going to bet on sports and/or drink alcohol regardless of the legality. So why not put the
government to work protecting the safety of its citizens?
Regulated distilleries and breweries provide a healthy, safe product for consumers to imbibe. We contend
that the sports betting industry would be safer for individual sports bettors if it were entirely legal and
regulated throughout the United States. At the same time, we don’t think that legalizing and regulating
sports betting is going to be high on any legislators’ agendas any time in the near future.How Odds Work in Sports Betting
When you’re betting with a bookmaker, they need to make sure that they have an opportunity to break even
and make a bit of profit while they’re at it. They can’t do that by just taking action willy-nilly. For example, if
the Dallas Cowboys are playing the Cleveland Browns, all of the bookmaker’s customers are going to bet on
the Cowboys. And most of the time they’re going to win.
In order to get action on both sides of a wager, the bookmakers use odds to make both bets attractive. This
is often in the form of bets which pay off at a higher amount the less likely they are to win. We provide an
overview of the different odds formats below, or you can read in more detail on the following page.American Odds (Moneyline Odds)
In most sports in the United States, “American odds” or “moneyline odds” are used to make wagers attractive.
You can usually bet any amount (with certain minimums) in these situations, but the odds are represented
with the amount of money compared to $100.
*If the odds start with a minus sign, then that’s how much you have to bet in order to win $100
*If the odds start with a plus sign, then that’s how much you win if you bet $100
Here’s an example. If the Cowboys are favorites against the Browns, you might see the odds listed as follows:Match Winner-120+115
So you’d have to risk $120 to win $100 if you bet on the Dallas Cowboys.
You’d only wager $100 on the Browns, but if you won, you’d win $115.
This makes both wagers attractive. On one hand, you have a better chance of winning if you bet on the
Cowboys, but you don’t win as much for your money. On the other hand, you might win fewer bets on the
underdog (Cleveland), but when you do, it’s going to pay off better.
In these situations, a point spread isn’t used.Decimal Odds and Fractional Odds
Not all countries (nor all bookmakers for all bets) use this format to represent the odds. Books in other
countries often use decimal odds and/or fractional odds. These have the same effect, but they’re a different
way of representing how much you stand to win or lose.
We think decimal odds are more intuitive and easier to understand, and we’re not sure why moneyline odds
became so popular in the United States. With decimal odds, you’re just looking at a multiple of how much
you bet. This indicates how much you’ll win.
Here’s an example.Match Winner1.832.15
These are the same odds that we used in our first example, they’re just represented differently. If you bet
$100 on the Dallas Cowboys, you’ll get $183 back — the $100 you bet plus an $83 profit. If you bet $100 on
the Cleveland Browns, you’ll get $215, the original $100 you bet plus $115 in profit.Sports Betting Odds: An Important Consideration
The betting odds never represent the true odds of one team or another winning. All of these bets pay off at
less than the true odds that the handicapper expects. That’s how a bookmaker generates a profit.
If a bookie offered bets at the true odds of winning, he’d break even. In that case, he would have spent all the
time and effort running his business only to make no money. Few people love sports betting enough to do
that.
Most books are looking to make between 10% and 20% profit. Their goal with these kinds of odds is to get
even money on each side. That way they can pay off the winners with the losers’ money, keeping the
difference as their profit. You can read more about bookmakers and their methods for making money on the
following page.Sports Betting Sharps
“Sharps” are sports bettors who are good enough at handicapping that they can recognize when the
professional handicappers or books have errors in their odds, presenting a profitable situation.
Handicapping sports at such a level is hard, especially considering how sophisticated professional
bookmakers have become.
But knowing how to achieve a positive return when betting real money on sports is the most profitable
advantage gambling opportunity we know of. It’s heads and shoulders above the other possibilities, which
include blackjack (counting cards), poker (expert play), and video poker (again, expert play).Is It Legal to Bet on Sports?
It’s illegal in the United States to run a sports betting business, but some states are exceptions. These include
Delaware, Montana, Nevada, and Oregon. And even in the case of those states, you’re not allowed to place
wagers on sporting events using any kind of telephone or Internet line. That’s what the Federal Wire Act is all
about.
Polls seem to indicate that legalization of sports betting in the United States has limited support. Professional
sports organizations, especially the NFL, contend that legal wagering would corrupt the integrity of the game.
How they come to that conclusion is anybody’s guess, as plenty of illegal wagering seems to have left the
integrity of the games intact.
In other countries, especially in Europe, sports betting businesses are legal and regulated. As we mentioned
earlier, that kind of situation provides a certain amount of protection for the consumer. It’s a lot less likely
for a licensed, regulated corporation to disappear with their winnings after the Super Bowl than it is for
Charlie the local bookie you met through your buddy at the bar in Anytown, USA.
Enforcement activities in the United States are generally restricted to people operating illegal sports betting
businesses, but even in those cases, enforcement is pretty lax. It’s impossible to find accurate statistics
regarding the size of the illegal sports betting industry in the United States, but we’ve seen estimates as high
as $400 billion a year. An estimated $95 billion is wagered on the Super Bowl alone every year.Sports That Are Commonly Bet On
Any sport with an uncertain outcome is a sport that someone can place wagers on. The types of wagers vary
from sport to sport, and some sports generate more action than others.
We’ve included an overview of the sports which generate the most action throughout the world below, along
with a brief explanation of each and how betting on it works.Baseball
Baseball is, of course, the national pastime in the United States. Most baseball bets are made on the
moneyline, t
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