Wager is the amount of money that you use for playing any kind of a betting game. It is used in all kind of casino games like poker, roulette, bingo etc. Wager is also an important part when we talk about sport betting.
There are two types of sportsbooks wager, straight and exotic. Straight wager are of three types whereas there is a wide variety of betting under exotic wager. Under the straight bet you can either just bet on the winner, winner and the second position, or any of the first three positions. People new in the betting world just bet on the first three positions because they do not have much idea about the betting system. They just want to have some fun while watching the event but sports fan love a good wager from time to time and thus they try out multiple wager.
In multiple betting you can place wager on two or more outcomes or select two or more events at the same time. In such a style of betting, when a selection loses the event then you also lose the money you invested. This kind of betting is very risky but the winning amount is quite huge thus people who are experts or who love to take risk try multiple wagers.
Another reason behind the popularity of multiple betting is its promotion. Sport bookies promote this kind of betting because the advantage of their house increases as an addition leg is added. it is very common sports betting strategy they use. They also take it as an opportunity to earn extra.
When you bet online there are certain rules that you must know and follow and they are:
1. The first and the most important thing are to fix a budget. When you decide on the amount that you like to place as wager ensure that the money when lost does not result in bankruptcy.
2. Instead of just placing the money on a single bet you can divide it into portions and bet on two or more events.
3. Now, select the best category. If you are new then you can take professional help.
4. You must also do some research about the event. This research will help you understand the game better which is important in order to win.
5. You can also look for online betting tips. There are many sites online which will help you calculate and bet on the outcome.
Sport betting is also a type of gambling where you bet on any sport event. When you take a glance at the rules, they are almost the same as any other casino games. All you need to do is decide on the betting amount and predict the winner of the game. You can also predict the looser or any other position. Sport betting was the very first game in the gambling world which was enjoyed by the people of United States. Earlier they used to bet on cockfighting, horse racing etc but now sport betting provides many opportunities. Some of the varieties available in this gambling game are:
1. Straight Bets: Here you need to predict a number and put an amount of money as wager. If winning team gets that point then your money is doubled. For example, in a game you bet on Tom and it has to beat Harry by 8 points. If Tom wins the race with more than 8 points then you win and along with the money you placed as wager you also get the winning amount. In case of a draw game the amount will be given back to you.
2. Money Line Bets: In this kind of a bet you can only win money when wager is placed on the winning team. The amount of money depends on the time you placed your wager.
3. Halftime: In this betting type you can place wager on the first or the second half of the game. The winning amount is calculated in the same way as done in other straight wager, until and unless there is a rule provided.
4. Parlays: Wager in this kind of a bet is placed on two or more than two teams. You can also bet on any position without maintaining the order.
5. Teasers: Here you can place one wager amount on two or more teams. The point is divided between them. The payout amount depends on the number of teams and the points you selected.
6. Futures and Prepositions: You can place bet on the outcome of the sport. Once the wager is placed you cannot change until the game is over.
To many players, wagering on sports resembles playing the roulette, where luck is most definitely a factor, but calculated risks and strategy goes a long way, as well as gaining experience.
Betting has been there with sports ever since people were introduced and started playing games. In early days, people were betting on sports like fist and cock fight. Then, during the English Era the Colonists came in and they bought in gambling which was in their blood since generations. They played the game not only to earn lumps sum but also for pleasure and entertainment during leisurely hours.
Slowly as time passed horse racing and baseball was introduced. Sport enthusiasts found theses sports interesting and started to test their luck in them. Some people engaged themselves in betting for some profit while the others participated only for entertainment.
In the late 1960’s with the beginning of television sports people were exposed to a whole new era of sport betting. Many land based casino opened and attracted people who wished to make money just through luck or wanted to take risk. Many also played the game because they loved the light and lively music in the casinos.
With the beginning of internet facility, in the year 1990’s, betting touched its new height and shifted online. Many Sports books shop opened in countries located offshore like Costa Rica and online betting took its flight. People found online bookie and casinos more comfortable because it saved travel time and also maintained privacy. Moreover player could play the game from the comfort of their own residence.
Cash transaction was initially a problem for these online Sports books but with the beginning of Credit Card, Cheque, and Money Transfer System the popularity of online sports increased and more and more people were interested in online sports betting.
Later the Federal government with its efforts tried to clamp down the popularity of online gambling by seizing many bank accounts. However, even today people take part in gambling and have proved that sport betting will stay forever and it has come through blood from forefathers.