Getting the Pot of Gold by Sports Gambling
Posted by: Hilbert Mayer
There are many paths to the pot of gold at the end of the rainbow. The three popular options are the following: become a corporate executive, become an innovative entrepreneur, or become a sports gambling figure. The first two options are traditional. The third is a modern and very enjoyable option. This is all possible by the advent of the information age.
You’ve surely heard the stories of people who work for long hours in the office. They trade sleep and sanity to increase their take-home pay. You’ve heard of people opening their niche businesses or products. They are headed towards two destinations. Either they come skyrocketing up, or they come crashing down.
Money in Sports
But something’s been making the headlines lately. Top athletes of different sports are suddenly earning 6- or 7-digit salaries. This alone is solid proof that there’s money in sports. Don’t sign up yet for the next sports summer camp class, however. You have to come to terms with the fact that not everyone can become an athlete. Becoming a top-of-the-line athlete doesn’t just require finite resources such as time or money. It also requires skill! Some people train years on the sports circuit, eat the best possible food and hire the smartest coaches. However, they never get to approach the level of elite athletes. Don’t worry though. Even though you aren’t likely to become a sport’s next big discovery, you can still capitalize on the most bankable path to success. This is the exciting world of sports betting!
Why Choose sports gambling?
There are many advantages to sports gambling over other types of gambling. Check out the following:
Sports gambling is the most beginner-friendly type of gambling. Other types of gambling force you to study your opponent. You’ll also have to study permutations of a whole deck of cards. And perhaps the most difficult is learning how to emulate a bluff. Sports gambling gets rid of the bothersome aspects of gambling by making you focus on only one thing. That’s right, you simply have to guess the result of a sports match! This is exactly what makes it beginner-friendly. You don’t need to research who’s leading in the team standings or who’s favored to win a particular match. You can go on gut feel and place your bet on your chosen team or athlete. Experienced sports gambling experts dabble in statistics and probability computations. However, they can easily be beaten by greenhorns who chose a team or athlete randomly. This is the beauty of sports gambling: its outright simplicity.
Exciting and Fun
While it was mentioned previously that sports gambling is simple, it can be played at a deeper level. This is where most of the fun and excitement comes in. As you might have guessed, it doesn’t just involve simple hunches. You have to get down to the nitty-gritty world of statistics. This includes probability, odds placement, and other fancy-sounding terminologies. These will eventually become second-nature to your sports gambling adventures. All you need to do is get a dozen or so games under your belt. But for the moment, it’s best to stick to the basics. Mastering the foundation of sports gambling will allow you to venture into any mode. It’ll make you confident in placing any wager!
It’s readily available online. Other forms of gambling have also migrated to an online platform. However, sports gambling is the easiest to navigate and understand based on interface alone. There’s no need to have a deck of cards or a fancy roulette occupy the screen. The usual sports gambling interface usually involves the following:
Plenty of Option
There is a myriad of sports wagers to choose from. It’s not enough that you get to choose what sports to bet on; you also get to access different types of sports gambling. Each of these has its own levels of difficulty and multiplicative return of investment. The traditional wagers include the following: Over/Under, Parlay, Props and Specials, Point Spread and Outright.
Traditional sports gambling follows the fixed odds betting format. It’s very simple- you, as a bettor, predict what’s going to happen. Then you set the odds with the other bettor. Finally, you set a wager on the selection. Whoever wins gets the big payout!
The Online Solution
Now you know your possible sports gambling options. The next step is to check out how the Internet has transformed the sports gambling scene! Sports gambling used to be confined to exclusive casinos or gentlemen’s clubs. However, with the advent of the information age, just about anyone can become a sports gambling powerhouse! Here are the most popular modes where you can throw in a wager:
Exchange betting uses fixed odds but does away with a bookmaker. The two bettors are designated as layers and backers. The layer places fixed odds on their selected outcome, while the backer chooses the default opposite selection. If the backer’s selection comes to pass, the layer is bound to pay him or her the payout as computed by the fixed odds. If the layer’s prediction is realized, the backer is forced to make the payout.
Live Betting is similar to fixed-odds sports gambling, but with one major difference. In traditional fixed-odds sports gambling, wagers are placed before an event. However, in live betting, wagers can be placed during an event. This highly dynamic betting mode has proven to be the most popular so far for online bettors.
E-sports betting is the latest sports gambling mode. This category refers specifically to the professional computer or video gaming. Instead of betting on athletic teams or individuals, you get to bet on your favorite e-sports team or personality! The number of bettors in this mode has grown steadily due to the wide popularity of Multiplayer Online Battle Arena (MOBA). Examples of these include Defense of the Ancients (DOTA), League of Legends (LOL), and other 5-man team games. Massive Multiplayer Online Role-Playing Games (MMORPG) have also been subject to e-sports gambling.
Pari-mutuel betting is also a non-bookmaker mode that started in horse racing. No odds are needed. All bettors simply put their stakes on their preferred team or athlete to form a pool of money. Once the event is over, those who selected the winning team or athlete get to split the pool.
The last mode is called spread betting, and you’ll encounter it a lot in online sports gambling. It’s a unique gambling mode because wagers aren’t limited to just winning or losing. They don’t equate to only one stake as well. In spread betting, you bet on whether a particular number (usually a sports statistic such as score, number of interceptions, duration of the game, etc) will be higher or lower than your bookmaker’s estimated spread. The amount of stake that you will win depends on how accurate your guess is. Another factor is how far you placed your bet from the spread.
Winning Slowly but Surely
Sports wagering can seem overwhelming at first. You’ll do fine as long as you take it one wager at a time. As your confidence level increases, don’t forget to keep an eye on your finances. Always remember, you can lose everything in just one big blowout! Start small, but play smart. Keep away from unscrupulous bookmakers who take advantage of sports gambling newbies by limiting your wagers to a certain amount, or with unreasonable fees.
If you’re looking to start sports gambling right away, your best bet is fair, responsive, and thoroughly legitimate bookmakers. Check out BetNow.eu. The site features Live Betting, Casino, Sportsbook, and Horses categories. More for you to learn, and more for you to have fun with! You’ll have plenty of spread sports gambling options to choose from. You can set your stake to play safe, play a bit dangerously, or go all-out with high stakes!