Sport betting will be the general term for forecasting the outcome of some sporting events such as football (generally known as soccer), American football, basketball, volleyball, hockey, horse racing, etc. As a rule, supporters of authorized bookmarking think that it is like a hobby for many people. It adds the interest in sports competitions and in this way sports betting is good for teams and individual players. In contrast, opponents are afraid that because of a lot of money involved gambling can blur the boarders between real and fixed games and also the true quality of sports games will be affected.

You can find several formats for presenting odds:

Decimal odds format (can also be 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 inside this 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 which 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. Money line odds will be the sum won a hundred stake if positive as well as the stake must win one hundred if negative. The even bet in this particular format is 100.

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

Parlays bets are a combinational bet which usually consists of several bets and 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 manage to predict correctly all of the results you definitely will get a sizable pay-off.

With teasers you can combine your bets on two or even more games. You may customize the point spreads for two different games, but inside this case you certainly will get a lower return on your bets in the event of winning.

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

Future wagers (according to the name) are your bets on future events. By way of example, you are sure that Team A are sure to win the championship within the next season. It’s important to place this bet prior to the beginning of the season. You won’t get your hard earned money (if you win) before 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 to forecast competitors results against each other. You do not bet on the general result of the competition. These types of bets are mainly utilized in Formula One races when 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 depending on the percent of total exchange that every possible result received. The return rate of the bookmaker is also taking into account. As Novamentis published an article example, should 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.