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A Guide To Bet On Sports

A Guide To Bet On Sports

To bet on sports is easy, and with the accessibility of the internet, anyone can get involved. Knowing what moves to make when betting is essential. If you are in it for big wins and entertaining sessions, we recommend sticking around and learning more about what the industry has to offer, including whether to bet on the favorites vs underdogs. 

Favorites Vs Underdogs

Regarding betting or supporting, the one question is whether you support the favorites or the underdogs. Often the answer is easy, but for those that aren’t certain who to support, be sure to base your decision on past outcomes, and team strengths. 

The favorite side is the side that has historically performed the best and received the most backing from supporters. The favorites often hold a lower risk for the bettor as it has a high probability of a win. That said, in sports betting, whenever there is a low-risk bet, it often means the returns are less. Wagers won on the underdogs often yield greater returns due to the higher risk. 

Types Of Bets 

There are four types of wagers to bet on sports, each providing a different vantage point. The types include spread bets, money line bets, over/under bets, and parlay bets. 

Spread Bets Spread bets are a standard option at most Bitcoin sportsbooks, and can also be called point spreads. These bets are ideal for evening out an uneven game result. This means that players can bet on how many points a team will win or lose by.

Sportsbooks often indicate the favorite team with a negative (-) value on the spread, while a positive (+) value will highlight the underdog. 

Moneyline Bets Moneyline bets are the ideal option for beginner bettors due to the basic wagering process. The idea of the moneyline bets is to pick who will be the winner in a match or game.

Moneyline bets are straightforward and require no spreads or handicaps. The low-risk option for moneyline bets is betting on the favorites, represented by a negative (-) value on the odds. These bets pay out smaller wins.

Over/Under Bets:  Over/under bets are also called totals. A predetermined total of points formulates these bets, runs or goals scored by both teams participating in the game. 

The aim of an under/over bet is for the player to wager on whether the team’s final score will be under/over the predicted score. If the final result is what the predicted amount is, the bet is classified as a push and bets a return.

Parlay Bets: Parlay bets are a type of wagering offer that caters to those looking to place two or more bets together for a larger potential payout. Although these bets sound like a great way to pocket big wins, it is a reminder that to claim a win, all bets must be correct. 

Parlay bets can include many different bet types, with players having the option to include point spreads, money lines and Over/Under totals.

 

How To Make The Most When You Bet on Sports

Sports betting online is the most in-demand it’s ever been, offering gamblers access to sports, virtual sports, esports and much more. Out of all the sports betting options to choose from, a few have gained huge viewership and support. 

The most popular sports to watch and bet on include Football, Hockey, Tennis, Basketball, various exports and virtual sports options. 

When deciding to bet on sports, you must pick a game you understand. Knowing the rules and having general knowledge about the performing teams could make all the difference in the outcome of your game. 

Where To Bet On Sports  

The internet is loaded with ways to win, and one of the most entertaining is getting involved in sports betting, which offers multiple ways to gain rewards. From bet types to game options, there are thousands of sports betting opportunities in which to get involved. To ensure you only bet with the best, we have compiled a list of the top Bitcoin sportsbook casinos: 

Bet Big And Winner Bigger 

Online gambling is more lucrative than ever, with thousands of sites and sports. Pick one of the top Bitcoin sportsbooks and enjoy the advantage of competitive odds, impeccably designed layout, and advantageous betting options. Apply the tips provided above to ensure your betting experience is the best it can be!

 

Last updated by Jen Van Lier on July 11, 2022

About the editor

As website manager, Jen contributes reviews and updates to The Bitcoin Strip on a daily basis. Jen worked in the casino industry for 9 years before focusing on Bitcoin in 2016. She writes on subjects ranging from traditional slots all the way through to unique Bitcoin games, provable fairness and Ethereum smart contract gambling.

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