Those who place bets with the aforementioned sportsbooks are called bettors. But they can also be called bookies or bookmakers. In addition, an organization that offers sports bet services is often referred to as a sportsbook.

Let’s look at an NFL match between the Detroit Lions and the Atlanta Falcons, for example.īets could include the Lions to win, the Lions winning by 17-13, the Falcons winning by one goal, the Falcons leading at halftime, or even a specific player scoring a touchdown. Sports wagers can be placed on tournament or fixture results or events that occur during a fixture. From the NFL to horse racing and everything in-between, there’s a sports bet option for just about everyone. Moreover, sports bets include winning or losing money on a wide variety of sports, not just the most popular leagues. Either you make a profit according to the odds offered by the bookmaker, or you lose your bet. Spread betting, and a few other types of sports betting have only two outcomes. Sports bets have the primary purpose of winning the bettor additional money. Table of ContentsĪs a form of gambling, sports betting involves placing a bet (wager) on the outcome of a sporting event. Fortunately, this comprehensive guide will walk you through the ins and outs of sports betting to help you learn the fundamentals of placing bets, learning terms, doing research, choosing betting sites, and much more. As someone new to the world of sports betting, you have a lot to learn.

Betting on sports for dummies