Sports betting is complex. So, naturally, people who want to try a hand at sports betting have a lot of doubts regarding various aspects of betting. Here are some of the most commonly asked questions.
The huge world of basketball betting
Is sports betting legal?
Sports betting is legal as long as you bet with licensed and legal bookmakers. If you are a resident of United States, there are two ways of legal betting. Firstly, you can bet with Nevada Sports Book, which is a recognized bookmaker. Secondly, there are a number of online sports books where you can bet. However, you need to be very careful when you bet online because there are a lot of miscreants trying to lure people with false promise of high stakes. Although United States passed a resolution banning any bank in America from transacting money into a gambling website, there are websites which are friendly towards Americans. It is legal because the legislation does not stop Americans from betting as such.
What are the different kinds of sports to bet on?
Betting can be done on most of the sports including football, basketball, hockey, baseball and horse racing. However, the most popular sports which attract huge number of bettors are football and basketball. March Madness, the college basketball tournament attracts the maximum number of bets and runs to the tune of millions of dollars.
What are the different kinds of bet choices?
There are a wide range of bets which can be made. Beginning from a proposition bet, money line bet and parlay bet to under/over bets, spreads, teasers and handicap bets, there are ample choices for customers in sports betting. However, the most popular kind of betting choices are spreads, money line bets and parlays.
Are there strategies for sports betting?
There are a number of strategies such as the Martingale method and D’Alembert method. However, the best basketball betting strategy is to take a lot of care while choosing the team on which to bet. It is necessary to analyze consistency of team along with its configurations. Every match needs to be analyzed prior to betting.
Is there an age limit for betting in basketball?
Yes, there is an age limit for basketball betting. According to the law, you need to be at least 21 years of age to place a bet. Anybody under 21 years of age is not eligible for betting.
What are odds?
Odds in a betting game are the money that the bookkeeper keeps as fees. These odds vary from game to game. There are lines which the bookie manipulates to ensure that he is in profit, no matter which team wins.
Is it good to bet on a favorite or on an underdog?
There are two things that matter here. Firstly, the kind of bet you place and secondly, the kind of game being played. A favorite is always good to bet on because the chances of winning are high. However, if you choose money line betting, you will have to wager more on a favorite than on an underdog and the winning will be lower than the money you win if you bet on the underdog. For example, you should bet $150 to win $250 on a favorite whereas if you bet on an underdog, you can bet $100 and still win $250. This is done to bring a balance in the betting amount placed on the two sides. In NFL, you can bet on an underdog in a match which is just after its bye week. In basketball, you should check out the various factors associated with betting before placing a bet.
Understanding the way in which the betting system works is a major advantage when you indulge in basketball betting.
