Betting Guide for Sports Betting

Betting Guide for Sports Betting –

Skip to content

Sports betting has always been in the shadows of mainstream society but now it is more popular than ever. If you’ve been sitting on the sidelines but have been dying to get into the game then you have come to the right place. Let’s talk about the sports betting basics and get you talking like a Vegas wise guy in no time. Here we go!

Point Spreads

So, what’s a point spread? Well, let’s assume you have won a raffle and the prize was a round of golf with Tiger Woods. Now let’s take it one step further and Tiger has decided the round would be a bit more enjoyable if there was a little cash on the line. That’s right, you versus Tiger, mano a mano.

There doesn’t seem any point to making that bet does there? The only time you shoot par is on the miniature golf course while Tiger does it in his sleep. Hmmm, if only there was a way where we could even up this match so that betting on you wouldn’t be so absurd.

The bookies have the answer and it’s called a point spread. In this case, if you normally shoot 100 on a par 72 and Tiger shoots an average of 68 then to even things up the books would give you a 32-stroke advantage (100-68=32) over 18 holes. The best online sportsbooks in the industry often have multiple point spreads on events including, but not limited to, the NFL, NBA, MLB, NHL, soccer, MMA, and a whole host of events like PGA golf and professional tennis.

And this is why we have point spreads so that unbalanced competition can become balanced. It is the oddsmakers’ job to figure out the point spreads but it is the bettors’ job to determine on which games they have the best chance to win.

Here is an example of an NBA point spread: Houston -3 vs. Orlando.

A bet on Houston -3 means they must win by more than three points while a bet on Orlando +3 means they can either win outright or lose by less than three points and still “cover” (win the bet). If Houston wins by exactly three, it is considered a push (tie), and the money the bettor invested is returned to both sides. It is as though the bet never happened.

Essentially, the betting public gets to choose which side they want, but for that privilege, they must pay a commission, or as they say in the sports betting parlance, the vigorish. The normal vig is 10 percent so if you bet the Rockets -3 or Orlando +3 for $100 you will have to risk $110 for the right to do so.


Totals are often called over/unders by the betting public. Instead of betting which side will cover, the total combined points scored at the end of the game is the wager in question. On each game, there is a total and the bettor has the option of wagering over or under that number. You will see that the totals vary according to the teams so that defensive teams often have lower totals than those known for offense.

Let’s go back to the Houston Rockets vs. Orlando Magic example. In this game, we know that Houston was a three-point favorite but that doesn’t matter one bit when betting the total. In this actual matchup, that was held on December 3rd, 2021, we see that the total on the game was anywhere between 216 and 217 ½ depending on where you shop.

The game ended with the following score, Houston 118 – Orlando 116, so if we add up those points, we can see the total number of points scored was 234 which is way over the posted total of 216…and 217 ½ for that matter. Those who bet over won their wagers while those who bet under lost their money. Simple, right?

Choose Your Online Sportsbooks Wisely

If you are going to get into the game then make sure you are using an online sportsbook that will play by the rules. You know, like when you win and you want to get paid, that you not only get paid but in a timely fashion.

If you believe all online sportsbooks are alike then we urge you to think again. Many notorious betting sites will gladly take your money but won’t give it back nor any profits you might make. They are scam sites and the online betting waters are littered with these piranhas.

Make certain you go to a third-party site and research all of the sportsbooks listed before you fund your account. You will often see a letter grade assigned ranging from A+ to F. It is essentially a bookmakers review and it discusses the pros and the cons of each.

But whatever you do, make sure you are only playing with A-rated sportsbooks because if you don’t do your homework, it will be too late before you find out that the book you were playing with doesn’t play fair with you, or anyone else. Remember, it’s one thing to sweat the game but never the payout!

Categories Sports Betting For Dummies

{“id”:null,”mode”:”form”,”open_style”:”in_place”,”currency_code”:”USD”,”currency_symbol”:”$”,”currency_type”:”decimal”,”blank_flag_url”:””,”flag_sprite_url”:””,”default_amount”:500,”top_media_type”:”none”,”featured_image_url”:false,”featured_embed”:””,”header_media”:null,”file_download_attachment_data”:null,”recurring_options_enabled”:true,”recurring_options”:{“never”:{“selected”:true,”after_output”:”One time only”},”weekly”:{“selected”:false,”after_output”:”Every week”},”monthly”:{“selected”:false,”after_output”:”Every month”},”yearly”:{“selected”:false,”after_output”:”Every year”}},”strings”:{“current_user_email”:””,”current_user_name”:””,”link_text”:”Leave a tip”,”complete_payment_button_error_text”:”Check info and try again”,”payment_verb”:”Pay”,”payment_request_label”:”Vin & Graeme’s Betting Tips”,”form_has_an_error”:”Please check and fix the errors above”,”general_server_error”:”Something isn’t working right at the moment. Please try again.”,”form_title”:”Vin & Graeme’s Betting Tips”,”form_subtitle”:null,”currency_search_text”:”Country or Currency here”,”other_payment_option”:”Other payment option”,”manage_payments_button_text”:”Manage your payments”,”thank_you_message”:”Thank you so much. Seriously – you have no idea how much we appreciate it.”,”payment_confirmation_title”:”Vin & Graeme’s Betting Tips”,”receipt_title”:”Your Receipt”,”print_receipt”:”Print Receipt”,”email_receipt”:”Email Receipt”,”email_receipt_sending”:”Sending receipt…”,”email_receipt_success”:”Email receipt successfully sent”,”email_receipt_failed”:”Email receipt failed to send. Please try again.”,”receipt_payee”:”Paid to”,”receipt_statement_descriptor”:”This will show up on your statement as”,”receipt_date”:”Date”,”receipt_transaction_id”:”Transaction ID”,”receipt_transaction_amount”:”Amount”,”refund_payer”:”Refund from”,”login”:”Log in to manage your payments”,”manage_payments”:”Manage Payments”,”transactions_title”:”Your Transactions”,”transaction_title”:”Transaction Receipt”,”transaction_period”:”Plan Period”,”arrangements_title”:”Your Plans”,”arrangement_title”:”Manage Plan”,”arrangement_details”:”Plan Details”,”arrangement_id_title”:”Plan ID”,”arrangement_payment_method_title”:”Payment Method”,”arrangement_amount_title”:”Plan Amount”,”arrangement_renewal_title”:”Next renewal date”,”arrangement_action_cancel”:”Cancel Plan”,”arrangement_action_cant_cancel”:”Cancelling is currently not available.”,”arrangement_action_cancel_double”:”Are you sure you’d like to cancel?”,”arrangement_cancelling”:”Cancelling Plan…”,”arrangement_cancelled”:”Plan Cancelled”,”arrangement_failed_to_cancel”:”Failed to cancel plan”,”back_to_plans”:”u2190 Back to Plans”,”update_payment_method_verb”:”Update”,”sca_auth_description”:”Your have a pending renewal payment which requires authorization.”,”sca_auth_verb”:”Authorize renewal payment”,”sca_authing_verb”:”Authorizing payment”,”sca_authed_verb”:”Payment successfully authorized!”,”sca_auth_failed”:”Unable to authorize! Please try again.”,”login_button_text”:”Log in”,”login_form_has_an_error”:”Please check and fix the errors above”,”uppercase_search”:”Search”,”lowercase_search”:”search”,”uppercase_page”:”Page”,”lowercase_page”:”page”,”uppercase_items”:”Items”,”lowercase_items”:”items”,”uppercase_per”:”Per”,”lowercase_per”:”per”,”uppercase_of”:”Of”,”lowercase_of”:”of”,”back”:”Back to plans”,”zip_code_placeholder”:”Zip/Postal Code”,”download_file_button_text”:”Download File”,”input_field_instructions”:{“tip_amount”:{“placeholder_text”:”Enter the amount you wish to tip:”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”Enter the amount you wish to tip:”},”empty”:{“instruction_type”:”error”,”instruction_message”:”Enter the amount you wish to tip:”},”invalid_curency”:{“instruction_type”:”error”,”instruction_message”:”Enter the amount you wish to tip:”}},”recurring”:{“placeholder_text”:”Recurring”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”How often would you like to give this?”},”success”:{“instruction_type”:”success”,”instruction_message”:”How often would you like to give this?”},”empty”:{“instruction_type”:”error”,”instruction_message”:”How often would you like to give this?”}},”name”:{“placeholder_text”:”Name on Credit Card”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”Enter the name on your card.”},”success”:{“instruction_type”:”success”,”instruction_message”:”Enter the name on your card.”},”empty”:{“instruction_type”:”error”,”instruction_message”:”Please enter the name on your card.”}},”privacy_policy”:{“terms_title”:”Terms and conditions”,”terms_body”:null,”terms_show_text”:”View Terms”,”terms_hide_text”:”Hide Terms”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”I agree to the terms.”},”unchecked”:{“instruction_type”:”error”,”instruction_message”:”Please agree to the terms.”},”checked”:{“instruction_type”:”success”,”instruction_message”:”I agree to the terms.”}},”email”:{“placeholder_text”:”Your email address”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”Enter your email address”},”success”:{“instruction_type”:”success”,”instruction_message”:”Enter your email address”},”blank”:{“instruction_type”:”error”,”instruction_message”:”Enter your email address”},”not_an_email_address”:{“instruction_type”:”error”,”instruction_message”:”Make sure you have entered a valid email address”}},”note_with_tip”:{“placeholder_text”:”Your note here…”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”Attach a note to your tip (optional)”},”empty”:{“instruction_type”:”normal”,”instruction_message”:”Attach a note to your tip (optional)”},”not_empty_initial”:{“instruction_type”:”normal”,”instruction_message”:”Attach a note to your tip (optional)”},”saving”:{“instruction_type”:”normal”,”instruction_message”:”Saving note…”},”success”:{“instruction_type”:”success”,”instruction_message”:”Note successfully saved!”},”error”:{“instruction_type”:”error”,”instruction_message”:”Unable to save note note at this time. Please try again.”}},”email_for_login_code”:{“placeholder_text”:”Your email address”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”Enter your email to log in.”},”success”:{“instruction_type”:”success”,”instruction_message”:”Enter your email to log in.”},”blank”:{“instruction_type”:”error”,”instruction_message”:”Enter your email to log in.”},”empty”:{“instruction_type”:”error”,”instruction_message”:”Enter your email to log in.”}},”login_code”:{“initial”:{“instruction_type”:”normal”,”instruction_message”:”Check your email and enter the login code.”},”success”:{“instruction_type”:”success”,”instruction_message”:”Check your email and enter the login code.”},”blank”:{“instruction_type”:”error”,”instruction_message”:”Check your email and enter the login code.”},”empty”:{“instruction_type”:”error”,”instruction_message”:”Check your email and enter the login code.”}},”stripe_all_in_one”:{“initial”:{“instruction_type”:”normal”,”instruction_message”:”Enter your credit card details here.”},”empty”:{“instruction_type”:”error”,”instruction_message”:”Enter your credit card details here.”},”success”:{“instruction_type”:”normal”,”instruction_message”:”Enter your credit card details here.”},”invalid_number”:{“instruction_type”:”error”,”instruction_message”:”The card number is not a valid credit card number.”},”invalid_expiry_month”:{“instruction_type”:”error”,”instruction_message”:”The card’s expiration month is invalid.”},”invalid_expiry_year”:{“instruction_type”:”error”,”instruction_message”:”The card’s expiration year is invalid.”},”invalid_cvc”:{“instruction_type”:”error”,”instruction_message”:”The card’s security code is invalid.”},”incorrect_number”:{“instruction_type”:”error”,”instruction_message”:”The card number is incorrect.”},”incomplete_number”:{“instruction_type”:”error”,”instruction_message”:”The card number is incomplete.”},”incomplete_cvc”:{“instruction_type”:”error”,”instruction_message”:”The card’s security code is incomplete.”},”incomplete_expiry”:{“instruction_type”:”error”,”instruction_message”:”The card’s expiration date is incomplete.”},”incomplete_zip”:{“instruction_type”:”error”,”instruction_message”:”The card’s zip code is incomplete.”},”expired_card”:{“instruction_type”:”error”,”instruction_message”:”The card has expired.”},”incorrect_cvc”:{“instruction_type”:”error”,”instruction_message”:”The card’s security code is incorrect.”},”incorrect_zip”:{“instruction_type”:”error”,”instruction_message”:”The card’s zip code failed validation.”},”invalid_expiry_year_past”:{“instruction_type”:”error”,”instruction_message”:”The card’s expiration year is in the past”},”card_declined”:{“instruction_type”:”error”,”instruction_message”:”The card was declined.”},”missing”:{“instruction_type”:”error”,”instruction_message”:”There is no card on a customer that is being charged.”},”processing_error”:{“instruction_type”:”error”,”instruction_message”:”An error occurred while processing the card.”},”invalid_request_error”:{“instruction_type”:”error”,”instruction_message”:”Unable to process this payment, please try again or use alternative method.”},”invalid_sofort_country”:{“instruction_type”:”error”,”instruction_message”:”The billing country is not accepted by SOFORT. Please try another country.”}}}},”fetched_oembed_html”:false}

{“date_format”:”F j, Y”,”time_format”:”g:i a”,”wordpress_permalink_only”:””,”all_default_visual_states”:”inherit”,”modal_visual_state”:false,”user_is_logged_in”:false,”stripe_api_key”:”pk_live_51H5Fn9KYLZk4L9wUVe3FWZssnH1JtJiLbfZdUeuadytXbe89OJ6HvaxmGUWp5h6WnNKSrNPgGwmUg7fdizjblX5600UVv2dMpe”,”stripe_account_country_code”:”CA”,”setup_link”:””,”close_button_url”:””}

Author: Phyllis Andrews