There is a different segment, composed of the players that like to bet on sports events for fun or just to make the game a bit more exciting. The bettors are divided into two categories: square bettors, the players that support their favorite teams, without taking interest in the monetary outcome, and sharp or savvy bettors, which are betting for the profit.
Either way, betting is not easy. It requires a good betting strategy, a knowledge of the winnings chances, and a good observation of the winning/ losing patterns.
The difference of a half of a point of evaluation on a game might mean winning or losing your bet. This happens because the sportsbook calculates their individual odds and offer wagers accordingly. It is advised to spread a big bet on different small bankrolls, because in the long run, the winning chances are good.
Betting on the home dogs is a recipe that usually gives back. It rarely happens that a home team gives up the victory. The best strategy in sportsbook is to become an expert in a certain sport and follow up on a team, in order to have the time to research the odds different sportsbooks give to them, but also be able to follow up a certain history of their game style and players.
A bettor also has to have the ability to read the complicated odds system:
- 1/1 odds are straightforward. If you bet a certain sum of money on a team, you will double your prize if you win the bet.
- 3/1 odds mean that you place a sum, but in the case of winning you will get 300% more, meaning that at the end you can withdraw 4 times the initial sum.
- 1/2 odds give back a half of the initial bet, thus the winner withdraws as the end 150% of the sum he or she bet.