Gambling on sports was a long-time tradition in England and it was natural that colonists would bring their passion with them to the new land. Since its origins, sports betting has been present in the United States.
Sports betting may seem a little complex at first, but it is not nearly as intimidating as it may first look. Three of the most popular types of bets are point-spreads, totals (over/under) and moneyline.
While the point-spread regards who wins and by how much, the moneyline is exclusively interested in who wins. The moneyline can be wagered in every sport, yet baseball and hockey are the two-team sports that use it as the primary betting option. The foremost reason for that is that these two sports results tend to be much lower scoring, with the teams each totaling single digits in runs and goals, correspondingly. While there are margins of win, they are so low it would be impossible to create a point spread for every game. In other words, minor results lead to moneylines becoming the betting option of choice made available by bettmakers, and larger numbers require them to primarily utilize point spreads.
USA odds always use a three or more digit whole number stated as either positive or negative. When dealing with a negative moneyline, this represents how much a gambler must stake to win at least $100. The reason why there are positive and negative moneylines, is because sports teams are frequently not correspondingly matched.
Even though moneylines are expressed in units of $100, it's important to remember that you do not have to bet that much money. The money line will work just as easily with a $5 or $10 bet as it does with a $100 wager.
The difference between moneyline odds on the favorite and the runner up, will continue to hike as the discrepancy between the two increases. Typically, bookmakers only make money when the little guy wins. In point-spread betting, the bookmaker hopes to have an equal amount of money gambled on each team, which will assure proceeds. In moneyline betting, the bookies realize that more and more people are going to stake on their favorite, and they can only hope to have enough gambled on the second best to cover their potential losses on the favorite.
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