Sports Betting – the Best Bookmakers
Sports betting has been going on for centuries. For as long as there have been people playing sports, there have also been people betting on them. The reasons why people bet on sports are always the same; betting on sports is fun and there’s a chance of winning money. CasinoMamma.com is a comprehensive source for impartial reviews and tests of the best Sports Betting Bookmakers offering Live odds and live bets, as well as a good collection of betting tips from us and our viewers. We are dedicated to providing you with all the information you need to make an informed and educated choice when selecting your preferred bookmaker. Whether it’s Premier League football betting, Wimbledon tennis betting, or other sporting events, we can help you improve your chances with the bookmakers and get real value for your money.
The Top Best Online Betting Sites for New Zealand Players
Sports betting is a very common form of gambling, both for serious gamblers and between friends who want to wager small amounts of the outcome of a game between their favorite teams. While professional gamblers or other big spenders might bet thousands of dollars on the outcome of a single game, many people simply enjoy putting a couple of dollars down to make themselves feel more invested in the outcome of the game.
These days, online betting sites will let you wager on just about anything. Whether it’s a popular sport like NFL Football, Soccer or basketball, or an obscure contest in a far away league, chances are that any major bookmaker will be able to give you wagering odds. And it’s not just individual games that bookmakers will allow you to wager on either; the outcomes of entire seasons or tournaments, the results of individual players, and even political and celebrity news is fair game!
Hot Sports Betting News and Articles
Best Betting Sites by Sport Category
Types of Sports Bets
There are several different kinds of bets that can be made at bookmakers, though not all kinds of bets are available in all sports. The most obvious bet is simply picking the winner of a match, but there is much more that can be bet on. Here’s a quick look at the most common types of wagers:
Money Line Bet
In a money line bet, you are simply predicting who will win a sporting event, with the odds being set by the bookmaker. Depending on the competitiveness of the contest, both sides might pay near even money on a win, or one team/player may offer much longer odds than the other.
Point Spread Bet
In order to offer close to even money bets on both sides of a contest even when one side is clearly superior to the other, a point spread bet might be used. In these bets, the favorite must win by more than a specified amount of points (or goals, runs, etc.) in order to win the bet, while the underdog can either win or lose by less than the specified amount.
More commonly known as prop bets, these are bets made on specific parts of an event, or on which of two totals might be greater. For instance, a bet on whether a specific player will score a goal would be considered a prop bet.
A parlay is a type of wager in which several different events are wagered on in a single bet. The gambler may win a large sum, but only if every bet in the parlay wins. For instance, a six-team parlay would need all six teams wagered on to win their bets in order for the bettor to win.
Teasers are equivalent to small parlays that utilize point spread bets. In a teaser, the bettor may bet on a handful of games, but receives a “teaser” spread – getting more points (or giving fewer) on each game to increase his odds of winning each bet. However, these bets also offer much lower odds than straight parlays.
Futures bets are long term wagers that will not be settled based on a single event that is occurring in the near future. For instance, at the beginning of a season, bettors may make futures bets on the overall winner of a league. Bets will not be paid until the season ends, though – especially in the case of a team that is not favored to win the league – the payouts may be quite large.
Reading Sports Betting Odds
Before getting into betting a specific sport, though, you’ll need to understand the basics of sports betting odds. Depending on where you live and the preferences of your sportsbook, there are several different systems that might be used to express the odds in the game or event you want to bet on. The three most common are Decimal, Fractional, and American odds.
Decimal Sports Odds
Decimal odds express the total amount of money you’ll end up with should you win the bet. For instance, in a bet where you have wagered $1 for the chance to win $3 of the sportsbook’s money (meaning you would have a total of $4 if you won), decimal odds would express the odds of the bet as 4.00.
Decimal odds are most commonly used in continental Europe, Australia, and Canada.
Fractional Sports Odds
Fractional odds are probably the simplest to understand for novice gamblers. They simply express the ratio of money the sportsbook will be wagering compared to the money the gambler is wagering. For instance, for that same bet in which you would wager $1 to win $3, fractional odds would express the odds as 3/1.
Fractional odds are most commonly used in the United Kingdom.
American Sports Odds
American odds are a little tricky to use at first, but once you understand what you’re looking at, they’re as simple to use at the other methods. American odds tell the bettor how much they will win on a $100 bet, or how much they must bet to win $100. For a bet like the one we’ve talked about so far (betting $1 to win $3), the odds would be expressed as +300. If the bet instead required the gambler to wager $3 to win $1, the odds would be -300, since the gambler must now put up $300 to win $100.
The Different Types of Betting Odds
Critical Factors that We Consider When Ranking Bookmakers
Once we’ve determined a gambling site to be safe and trustworthy, here are some of the details we’ve looked at to determine if the site is good for sports betting:
- How many betting markets are covered?
- How many betting options are available?
- How good are the betting lines for each market?
- How are skilled bettors treated?
- What kind of betting limits are in place?
- What kind of promotions does the sports betting website offer?
- Is the bookmaker site easy to use?
- Are there any live video feeds available? Can players follow the outgoing sporting event closely and in detail?
- Is there Live In Play Features
- How quickly are odds changing
- How much down time is here between odds changing
Beat the Dealer
Edward O. Thorp
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Sharp Sports Betting
Stanford Wong’s Sharp Sports Betting is perhaps the best introduction to the basics of winning at sports wagering.
Weighing the Odds
King Yao’s Weighing the Odds in Sports Betting is a must-read after you’re done with Wong’s Sharp Sports Betting.
Fooled by Randomness
Talem Kalib’s Fooled by Randomness helps you understand risk, luck and randomness on a different level.
Winning in the long run is difficult. Some people have done it in a big way, but the amount of expertise and research required is too much for most of us. To make matters worse, many online bookmakers have the habit of enforcing betting limits on the customers they consider more educated than average, or even using dual lines (offering different betting lines depending on the skill level of the customer).
It’s up to how much you’re willing to work at it. Consistently winning at sports betting is possible as proven by others, so it’s up to you and how dedicated you’re willing to be.