vbet10 casino sports betting tips for newbies

What is sports betting? How are odds and payouts calculated? How do bookmakers work? Keep reading as vbet10 casino takes you through everything newbies need to know about sports betting.

What is sports betting?
Sports betting is betting on the outcome of sporting events. If the bettor correctly predicts the outcome of the event, the bet will be won – and the corresponding profit will be made.

What are sports betting odds?
Simply put, betting odds represent probability. For example, odds of 2.00 (1/1 in British odds expression) imply a 50% chance of the event happening.

Odds

Odds represent the perceived frequency of occurrence of an event (derived from the underlying probability that creates a betting opportunity).

Total Points Betting: Betting on the total number of points or goals scored in the game. Bettors can bet on the “over” if they think the total will be higher than the handicap number, and on the “under” if they think the total will be higher.

Money Line Betting: Betting on which team will win the game.

Parlay Bet: Also known as a multiple bet or accumulator, a parlay bet combines two or more selections into one bet. All results must be correct for the bet to win, but bettors receive better odds along the way.