Sports and Betting
Popular Sporting Events and Bets
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Among all sports, football is by far the most popular sport to wager on. On fall and winter weekends, Las Vegas sportsbooks are packed with customers. On Saturday, college football rules the day. On Sunday, the NFL takes over. The structure of football has played a role in its betting popularity. First, there aren’t that many football games in a season. In college, there are 12 games in the regular season. In the NFL, there are 16 regular season contests. So, each game is important. Second, the sport is ideal for television. The pace of the games allows for replays to be show between plays.
Since most bettors watch the games on TV, it enables them to feel like they are a part of the action in some regard. Because there is a lot of scoring in football compared to sports like baseball, hockey and soccer, a point spread is used as a way to equalize the teams from a wagering perspective. Here’s what a typical point spread might look like:
Team A (-3)
Team B (+3)
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When reading a point spread, it should be noted that the favored team has the minus number while the underdog squad has the plus number. To win a wager on Team A, the bettor needs the team to win by four points or more. To win a bet on Team B, the bettor needs the team to win the game or lose by two points or fewer.
The popularity of point spread betting has led to basketball being the next most popular sport to wager on after football. Totals or over/under bets are the next most popular kind of sports wagers. In these wagers, the bettor will simply wager on whether the combined total of points/runs/goals in a sporting event will go over or under the posted wagering total for the game. Money line or straight wagers enable bettors to wager on which team/player will win a sporting event without any regards to the margin of the victory. After football and basketball, baseball, hockey and soccer are the next most popular betting sports.
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