Sports betting is a huge industry. The number of Americans who bet legally on sports is estimated to be around 13 billion dollars in 2019.
A wide range of options are available when it comes to making a bet on a sports event. Some options include moneyline bets, spreads, totals, and props.
The moneyline is probably the most standard of all the bets. It involves picking the winner of the game. If the bettor gets the right pick, he wins. But, it is not necessarily the best option.
Totals betting involves picking the total number of points scored by both teams. You can also bet on the total number of rushing yards for running backs in football.
Point spreads are similar to moneyline bets. They are used to even out an uneven game. Typically, the underdog will need to lose by a certain amount to win the bet. In the case of the Patriots and the Rams, the Patriots had to win by 3 or more points to win the spread bet.
Choosing the right wager for you can be a little tricky. One thing to keep in mind is that betting on an underdog can pay off big time. However, not all underdogs are worth the risk. So, it’s important to shop around for the best odds.
For example, if you want to bet on the Super Bowl, you might want to look into a futures bet. This is a bet that is placed multiple weeks before the event.