Sport betting is the general term for forecasting the end result of some sports events for example football (better known as fantastic soccer), American football, basketball, volleyball, hockey, horse racing, etc. As a rule, supporters of authorized bookmarking believe that it’s like a hobby for many people. It adds the interest in sports competitions as well as in this way sports betting is beneficial for teams and individual players. On the flip side, opponents are afraid that due to a lot of money involved gambling can blur the boarders between real and fixed games and the true quality of sports games will be affected.

You can find several formats for presenting odds:

Decimal odds format (is additionally know as the European format) which is popular in Europe, Canada and Australia represent the ratio of complete pay-off to the stake. The even bet in this particular format is 2.00.

Fractional odds format (some professionals call it the UK format) which is preferred in Great Britain represent the ratio of the sum that was won to the stake. The even bet in this format is 1/1.

Money line odds format (most of US based sites name it “the American format”) which is popular within the United States of America. Money line odds will be the sum won a hundred stake if positive and also the stake has to win one hundred if negative. The even bet inside this format is 100.

Propositional bets are placed on predicting the specific result of the match. As an example, a bettor tries to predict the number of scored goals by a football team or some individual player.

Parlays bets are a combinational bet which usually consists of several bets as well as in case of success the bettor get a big pay-off. Let’s look at the example. If you want to bet for the outcomes of five different football matches, you may include five different wagers in a five-team parlay. If you fail to predict even one outcome correctly, you lose your bet. But if you seem to predict correctly all the results you certainly will get a large pay-off.

With teasers you may combine your bets on two or maybe more games. You may customize the point spreads for two different games, but in this case you are going to get a lower return on your bets in case of winning.

Goal line, puck line or run line bets are alternatives to money line prices in football, hockey and baseball, correspondingly. By way of example, let’s analyse the baseball game between the Kansas City Royals and Colorado Rockies. The run line may look like this: Kansas City Royals -1.5 (+100), Colorado Rockies +1.5 (-120). In the event you are taking Royals on the run line, you may avoid risking $200 to win $100 on the moneyline, but will collect only should the Royals win by 2 runs or more. Much like this, a run line wager on the Rockies are going to pay if Rockies loses by no more than a run, but it takes the bettor to risk $120 to win $100.

Future wagers (according to the name) are your bets on future events. As an example, you are sure that Team A will unquestionably win the championship in the next season. You should place this bet before the beginning of the season. You won’t get your money (if you win) ahead of the end of the season. As a rule, odds for such bets are calculated as a ratio of paid units to wagered units.

In head-to-head bets you try and forecast competitors results against each other. You do not bet on the normal result of the competition. These kinds of bets are mainly used in Formula One races whenever you try and predict the position of drivers among the others (as a rule, you bet on 2 or 3 drivers).

In totalizators your odds vary in real-time according to the percent of total exchange that every possible result received. The return rate of the bookmaker is additionally bearing in mind. As an example, in the event the return rate of the bookmaker is 90%, 90% of the total money placed on the winning outcome will return to bettors and 10% will go to the bookmaker.