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Once you decide on the type, determine how much money you're willing or able to risk, then place your bet online through a bookmaker.
For more tips, including how to make other types of bets, like at the casino or the bar, read on! Did this summary help you? Yes No.
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Method 1 of Understand the fixed-odd, money-line bets. Fixed-odd bets are the simplest to play and learn. For any given event or game, a win-loss outcome is given a probability, which you can bet for or against.
Sometimes they're portrayed as a fraction or a decimal, which will be multiplied by the amount of money you put down as a bet to result in the payout.
This would be a likely odds if the Sharks were heavily favored to win. Understand the point-spread betting system. The point-spread system is used by handicappers and bookers to generate interest in putting money on the game by providing a range of possible outcomes to even the action.
It's not an indicator of the odds, and isn't always indicative of the smartest bet. Rather, it's meant to generate bets for teams that are unlikely to win.
The point-spread system is used to ensure that enough bets will be placed for either team to cover the betting.
Say a spread of 10 is given in the Bears-Sharks game, and the Sharks are favored to win. If the Bears score plus the spread ends up with a total number of points greater than the points the Sharks scored in the game, bets against the spread would win, while bets with the spread would lose.
Ignore parlays, teasers, and other betting shortcuts. Bookmakers, in an attempt to extort as much money as possible from betters with incredible-looking odds but extremely low-probability outcomes, have invented all sorts of exotic-play bets that are to your advantage to ignore completely.
The odds are simply not in your favor. If it seems to good to be true, that's because it is. If you're interested in side or additional bets to make the action more interesting, consider placing total bets.
You have to bet whether the Lakers and Thunder will score combined over or under points. Factor in different circumstances.
Take decimal odds into account. Decimal odds are always written as positive numbers, never negative. For example, next to the New England Patriots point spread Then imagine that you bet 0.
Multiply the bitcoins you bet by the decimal figure, and that is how many bitcoins you will win, if you betted correctly.
So for this example, 0. This would most likely be rounded up to 0. You will earn 0. It is important to remember that decimal odds include your initial stake.
So, for this example, you will not get 0. The stake is already included in the 0. Bitcoins are a form of specialized online currency.
Use American odds. Next to every decimal odds number is either a positive or negative number in parentheses. If the number is positive, this is how much much money you will make on a standard bitcoin stake win.
This means that for every bitcoin stake, you will receive bitcoins back. If you put up 0. The great thing about American odds is that you get your initial stake back.
So if you bet 1 bitcoin, and receive 2 bitcoins as your winnings, you will get 3 bitcoins back in total.
If the American odds number is negative, this is how many bitcoins you have to produce as your initial stake in order to get bitcoins back.
So if the odds are you will have to produce at least bitcoins as your initial stake in order to get bitcoins back. Bitcoins are a form of online currency.
Part 2 of Begin your search for an online sportsbook. A sportsbook is basically a place where you can go and place bets on sports games.
Online sportsbooks are very convenient, but are overrun with spam websites, advertisements, etc. It is important to find a site which is safe, like Bovada or Bet Generally speaking, if you type into Google "online sportsbooks" the first few options have the most hits, and are reliable.
Advertisements are quick and easy ways for spammers to try and take your money. Stay away from sites which don't allow you to browse their site until you give a credit card number upfront.
It is never safe to give out your personal identification information to a site which you have not scouted out yet.
Learn all you can about the betting site. You want to make sure that the sportsbooks have the sports you want to bet on. Some online sites only specialize in one or two sports.
Check out the terms and conditions of the site. Don't skim over them as they contain valuable information, including what they are liable for, and whether they can be sued.
It is important that you know the exact amount, and whether you are ever eligible to get that money back.
You will need to know how much money you can receive every day, and how much you can place as a stake. Use the sites resource section to find frequently asked questions, and how to contact them.
You will want to put their number in your phone in case of emergencies if you join their site. February 9, Morning Edition.
National Public Radio. Thomas April 10, Multichannel News. The Daily Beast. Retrieved May 22, December 3, Retrieved December 13, Retrieved April 29, The Hollywood Reporter.
Retrieved August 1, Deadline Hollywood. Retrieved September 18, December 30, Archived from the original on August 16, Retrieved October 15, BET original programming.
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