Sports Betting Guide: How to Bet On Sports For Fun & Profit

Sports Betting Guide

Do you realize that 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.

Let’s face it. It’s a lot easier to have fun while betting on sports than it is to make money. That’s why so many people focus on the excitement that this form of gambling brings. In fact, you could say that the majority of sports bettors are what we call “recreational bettors.” They want to win if they can, of course, but that’s not their main priority. They just enjoy putting their sports knowledge to the test and having some fun at the same time. They are typically avid sports fans that believe putting a little extra money on the game will make watching it even more exciting.

Most of these recreational bettors are perfectly capable of making money from their betting, even if they don’t realize it. They typically have more than enough sports knowledge; it’s just that they don’t know how to properly apply that knowledge. They don’t understand the strategy involved, and they’re not really interested in learning about it either.

There are, however, plenty of people who bet with the sole intention of making long term profits. Some of them are extremely successful. There are many professional gamblers around the world who make a very good income from betting on sports. Others just make a decent amount of money on the side. And of course, there are also those who don’t manage to achieve their goal, but who are still determined to keep trying.

BASICS

Odds

Odds are presented using either the European format (decimal odds) or the American format (fractional odds). Below is a useful Excel formula for converting the odds from one format to another.

Fractional -> Decimal = IF(A1<0;ROUND(1+100/ABS(A1);2);(A1+100)/100)

Decimal -> Fractional = IF(A2<2;-ROUND(1/(A2-1)*100;0);IF(A2=2;”Even”;A2*100-100))

The odds are converted so, that if there’s a plus (+) in front of the American odd, the odd is divided by a hundred (100), and 1 is added to the fraction, for example: +120=1+(120/100)=2.20. If there’s a minus (-) in front, the 100 is divided by this odd and 1 is added to the fraction, for example: -120=1+(100/120)=1.83.

Game forms

Several different types of games have been developed for players to bet on. Here are some of the most common ones.

1×2

In 1×2 you bet most commonly on the outcome of a match between two real opponents. Choices are a win, or a tie, in which 1 means home win (or the team marked as home team), X is a tie, 2 visitor (or a team marked as visitor team). 1×2 bets are almost always for after the actual playing time has ended, in football the score after the second half-time, in ice-hockey after the third round and so on.

Handicaps

Handicaps have been offered for a long time abroad. Companies offering handicaps usually offer better odds than 1×2-bets.

The idea of Handicaps

In a handicap you bet on a single match is a tournament or an event for the winner or a tie, considering the handicap. Handicap games can in certain cases be closely compared with the 1×2 games, however not all handicaps have to chance of a tie for either the bet of the outcome. In football and ice hockey the handicap is usually given in a form of 0.0, 0.5, 1.0 or 1.5 goals, in basketball the handicaps are usually larger.

Examples of handicaps:

In a 0.0 goal handicap you only bet on the winner, so it’s not really a proper handicap, more like a money line – a bet which you can read about further down. A 0.5 handicap is probably the most common form of handicap betting. In this case the booker gives half a goal handicap to one of the teams. This naturally shows in the setting of the odds. As an example case a football match Arsenal vs. Liverpool, with half a goal handicap given to Liverpool. A bettor betting for Liverpool wins, if the game is a tie or if Liverpool wins. E.g. an outcome of 0-0 would mean that the match ended with a score of 0-0.5. If Arsenal wins, the bet is lost. An outcome of 1-0 would mean that the bet ended with 1-0-5. In hockey these handicaps almost always covers the overtime. As an example, Detroit-Colorado, with 0.5 handicap given to Colorado; in this case the bettor who bet for Detroit will win, if Detroit wins at the latest, during overtime. Tie or Colorado winning (during playing time or overtime) would mean loss for those who bet for Colorado. In hockey the most common handicap is 1.5 goals. So even if Colorado gets a 1.5 handicap, it would still be enough for those who bet for Colorado if the game ends by one goal by Detroit. For example if the game ends 4-3, for the bet the outcome would be 4-4.5.

Asian Handicap Bets

+0 This is a “zero handicap”. You win, if the team you’ve bet on wins and you’ll lose if they lose. If it’s a tie you’ll get your money back (push).
-0,25 Consists of +0 and -0,5 handicaps. You’ll win with your whole bet if your team wins. You’ll lose the whole bet if they lose. If it’s a tie you’ll get half of your money back (losing the -0,5 but getting the money back for the +0 bet).
-0,5 Means straight win. You’ll win if the team you’ve bet on wins, and lose if they tie or lose.
-0,75 Consists of half -0,5 and half -1 handicaps. You’ll win with the whole bet if the team you’ve bet on wins with at least two goals. You’ll lose the whole bet if your team ties or loses. With a one goal win you’ll win half of the bet and get the other half back (winning the -0,5 bet and getting the bet back for the -1 bet).
-1 You’ll win if your team wins with at least two goals, or you’ll lose if your team ties or loses. If your team wins with one goal, you’ll get your bet back.
-1,25 Consists of -1 and -1,5 handicaps. You’ll win with the whole bet if your team wins by at least two goals and you’ll lose the whole bet if your team ties or loses. With one goal win you’ll get half of your bet back and lose the other half (back from the -1 bet and lose the -1,5 bet).
-1,5 You’ll win if your team wins with at least two goals, and lose if they win with one goal, ties or loses.
-1,75 Consists of -1,5 and -2 handicaps. You’ll win with the whole bet if your team wins by at least 3 goals and lose the whole bet if your team wins with one goal, ties, or loses. With an even two goal win you’ll win half of the bet and get the other half back (win the -1,5 bet and get the -2 back).
-2 You’ll win, if your team wins by at least 3 goals and lose if they win with one goal, tie or lose. With an even two goal win you’ll get your bet back.
+0,25 Consists of +0 and +0,5 handicaps. You’ll win the whole bet if your team wins and you’ll lose the whole bet if they lose. If it’s a tie you’ll win with half the bet and get the other half back ( win the +0,5 bet and money back for the +0 bet).
+0,5 You’ll win if your team wins or ties. You’ll lose if your team loses.
+0,75 Consists of +0,5 and +1 handicaps. You’ll win with the whole bet, if your team ties or wins. You’ll lose the whole bet if your team loses by at least two goals. With one goal defeat you’ll lose one half and get the other half back (lose the +0,5 bet and get +1 bet money back).
+1 You’ll win if your team ties of wins. You’ll lose if your team loses by two goals. With an even one goal defeat you’ll get your money back.
+1,25 Consists of +1 and +1,5 handicaps. You’ll win with the whole bet if your team ties or loses. You’ll lose the whole bet if your team loses by at least two goals. With an even one goal defeat you’ll win with half the bet and get the other half back (win with the +1,5 bet and get your money back for the +1 bet).
+1,5 You’ll win if your team loses by one goal, ties or loses. You’ll lose if your team loses by at least two goals.
+1,75 Consists of +1,5 an +2 handicaps. You’ll win with the whole bet if your team loses by one goal, ties or wins. You’ll lose the whole bet if your team loses by at least three goals. With an even two goal defeat you’ll lose half the bet and get the other half back (lose the +1,5 and money back for the +2 bet).
+2 You’ll win if your team loses by one goal, ties of wins. You’ll lose if your team loses by at least three goals. With an even two goal defeat you’ll get your money back.

Handicaps can be bigger in certain cases but the principle remains the same.

Total Goal Bets (under/over)

Over/Under bet is for betting if over or under x goals will be scored. The most common form is the so called line, in hockey 5.5 goals, and 2,5 in football, although there are other possible lines. In hockey 5.5 goals over/under the result is under, if there are max 5 goals scored (the game ending e.g. 1-0, 2-1, 3-2, 3-0 or 2-3) or over, the at least 6 goals are scored (e.g. 2-4, 5-1, 6-0, 8-3 or 5-3).
There are other lines too. Hockey offers a bet over/under 5, when you bet if the game scores a total of max 4 of at least 6 goals. If 5 goals are scores, the bet is returned regardless if you’ve bet over or under.

u1,5 You’ll win, if the match ends without goals or one goal is scored. You’ll lose if at least two goals are scored.
u1,75 Consists of u1,5 and u2 types. You’ll win with the whole bet if the match ends without goals or one goal is scored. You’ll lose the whole bet if at least three goals are scored. With an even two goals scored you’ll lose half of the bet and get the other half back (lose u1,5 bet, money back for u2)
u2 You’ll win if the match ends without goals or one goal is scored. You’ll lose if at least three goals are scored. With even two goals you’ll get the bet back.
u2,25 Consists of u2 and u2,5 types. You’ll win with the whole bet if the match ends without goals or with one goal scored. You’ll lose the whole bet if at least three goals are scored. With an even two goals scored you’ll get half the bet back and win with the other half (lose u2,5 bet, money back for u2,5).
u2,5 You’ll win if max two goals are scored and lose if at least three goals are scored.
u2,75 Consists of u2,5 and u3 types. You’ll win with the whole bet if max two goals are scored. You’ll lose the whole bet if at least four goals are scored. With an even three goals scored you’ll lose half the bet and get the other half back ( lose u2,5 and money back for u3).
u3 You’ll win, if max two goals are scored. You’ll lose if at least four goals are scored. With even three goals you’ll get your money back.
u3,25 Consists of u3 and u3,5 types. You’ll win with the whole bet is max two goals are scored. Youll lose the whole bet if at least four goals are scored. With even three goals you’ll get half the bet back and win with the other half (money back for u3 and win with u3,5 bet).
u3,5 You’ll win if max three goals are scored and you’ll lose if at least four goals are scored.
o1,5 You’ll win if at least two goals are scored. You’ll lose if no goals are scored or only one.
o1,75 Consists of o1,5 and o2 types. You’ll win with the whole bet if at least three goals are scored. You’ll lose the whole bet if there are no goals, or just one. With an even two goals you’ll win with half the bet and get the other half back (win o1,5 and money back for o2).
o2 You’ll win, if at least three goals are scored. You’ll lose, if there are no goals or just one. With two goals you’ll get your money back.
o2,25 Consists of o2 and o2,5 types. You’ll win with the whole bet is at least three goals are scored. You’ll lose the whole bet if there are no goals or just one. With even two goals you’ll get half the bet back and lose the other half (money back for o2 and lose o2,5).
o2,5 You’ll win if at least three goals are scored and lose if max two goals.
o2,75 Consists of o2,5 and o3 types. You’ll win with the whole bet if at least four goals are scored. You’ll lose the whole bet if max two goals are scored. With even three goals you’ll win with half and get the other half back (win o2,5 and money back for o3).
o3 You’ll win if four goals are scored and lose if max two goals. With even three you’ll get your money back.
o3,25 Consists of o3 and o3,5 types. You’ll win with the whole bet if at least four goals are scored and lose the whole bet if max two goals are scored. With even three goals you’ll get half the bet back and lose the other half (money back for o3 and lose o3,5).
o3,5 You’ll win if at least four goals are scored and lose if max three.

Marking Differences Between Bookmakers

Asian handicap and total-goals markings differ little between betting companies. In the beginning you should be careful to leave in the right bet. Here are some examples on the marking bookers used in this service have.

Pinnacle Sports:
Asian handicap: 0, 0 and -0.5 (read -0,25), -0.5, -0,5 and -0,75 (read -0,75) etc.
Total Goals: Under 2 and 2.5 (read u2,25), under 2,5, under 2.5 and 3 (read u2,75) etc.

188Bet:
Asian handicap: 0, 0/0.5 (read -0,25), 0.5 (read -0,5), 0,5/1 (read -0,75) etc.
Total-goals: 2/2.5 (read o2,5), 2.5 (read o2,5), 2.5/3 (read o2,75) etc.

Moneyline

Moneyline is somewhat related to handicaps. In ML-bet you only bet the winner of the game, in hockey taking into account overtime, in football the overtime or penalty shots aren’t taken into account. At the rnd of a tie the bets are returned, despite who you’ve bet on. Some companies have places ML-bets with handicaps, the handicap being 0.0 goals.