The bookmaker or Sportsbook determines the value of the odds. It is easy to determine the favorite team in a football match with this value.
Value of the odds for different betting types of bookmakers are usually similar. There are only differences of few decimals from one bookmaker to another one. So, it is very easy to determine teams that are favored based on the odds set for them. For example, in the spread staking of a match between Team B and Team C, if team B is offered -5 point while Team C gets +5, it means that Team B is the favorite. Team B will have to beat its opponent by at least 6 points or goals to be able to win against the spread.
Similarly, for a moneyline gambling type, if Team A has -250 in order to beat its counterpart, Team D, then it means that Team A is the favorite and you will have to bet with 250 currencies for you to get a return of a hundred (100) amount if the favorite should win.
In the same vein, it is easy to notice a Team that is an underdog. Like when betting ATS (Against the Spread), the underdog will get higher number. On a web-based casino where we have Team A with -120 versus Team B +7 ATS odds translates to Team A to be the underdog. Team A can still lose by 6 points and bettors that stake on Team A have won their bets.
If it is moneyline wager, the team that is an underdog will usually pay above even amount of the currency in use. The payout of a hundred (100) currencies will give a payout of 225 currency amount where Team C that is an underdog in a match is being given a moneyline odds of +225 by the Sportsbook.
Still talking about ATS betting type which can also be referred to as simply Straight bets, this is a type of wager where the bettor chooses one side of a spread in a match or game. Favorite of a sporting or gaming event in ATS will offer points or goals to its other team (the underdog). Moneyline wagering on the other hand entails betting a straight win on a team to be the winner of a match.
Bookmakers also offer Handicap type of betting. Basically, handicap wagers are more or less like ATS betting. It is just the language and the particular game or sport where they are used that are different. For instance;
Ø In soccer betting, spread staking are called handicap bets.
Ø In Baseball game, ATS is referred to as Run line bets.
Ø In hockey match, spread bets are called puck line wagering.
Bookmakers can also offer Prop Bets or gambling on specific events or happening within a match or game. Example is the best player in a football match. To get more information visit #casino.
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