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Sports Betting Part I |
Article Submitted by: Mistina Thomson
Wednesday, 10 March 2010
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"The process of predicting results of a sporting event or competition by placing wagers on their outcomes is called sports betting. In many countries, the process of bookmaking (accepting wagers on events) and betting is criminalized, made illegal or just regulated. For e.g. few European nations just regulate bookmaking and NCAA has threatened the state of Delaware in US if they allow college betting. The sports betting proponents usually regard it as an interesting activity for sports fans which increases their interest in the competitions and events. Also, they say that it benefits the players, teams and leagues that the spectators bet on as they get larger audiences (television as well as live attendance).
The opponents of betting fear that instead of bearing usual gambling ramifications, sports betting can threaten to spoil the integrity of sporting events as there have been numerous attempts by gamblers to fix competitions and matches in the past. But, betting proponents counter by stating that legitimate handicappers and bookmakers always fight against corruption and many of them do it as fiercely as the law enforcers and governing people do. Overall, it is seen that sports bettor lose more as the odds made by bookmakers are very efficient. But, most of the winning bettors are professionals who can make good income by utilizing statistical and spread services offered by professional handicappers. A person can place wagers by contacting bookmakers or bookies (where betting is illegal) or even go online as there are a large number of betting services on the web.
There are different types of bets involved in sports betting. Several of them are:
• Proposition bets are wagers in sports betting which are placed on very particular outcomes during a competition. The examples of these bets include guessing whether a baseball player would hit more than a player on the opposing team or the number of goals which would be scored in a soccer match or even whether a particular football player would net more than a particular number.
• Parlays involve more than one bets and reward their bettors with large payouts. For e.g. if a bettor bets on four different wagers on four different teams, then the parlay means that he/she is betting that all four wagers would win. If any of the bet loses, the bettor loses and if all the four win, then the bettor would get a much higher payout (generally 10-1 in case of four teams). There are progressive parlays, which are slightly similar to normal parleys. The rewards are good, but not as large as regular parley and if some of the bets lose, a small amount or payout can still be made.
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About The Author:
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Patrick Griffith is the author of this article regarding ">http://www.spiderwebsports.com/">best sports handicapper, to know more about sports handicapping software please visit ">http://www.spiderwebsports.com/">spiderwebsports
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