To determine who wins against the spread, the line is either added or subtracted from a team's final score. The line read: Miami −3.5, Oklahoma City +3.5. 5 point scoring (i.e., The Ryder Cup), to avoid the possibility of a tie.įor example, before game 5 of the 2012 NBA Finals, the Miami Heat were expected to beat the Oklahoma City Thunder. This number can also be in increments of half-a-point (.5) even though very few sports have. The favorite "gives" points from the final score, and the underdog "takes" points. The spread, or line, is a number assigned by the bookmakers which handicaps one team and favors another when two teams play each other and one is perceived as being more likely to win. Spread betting are wagers that are made against the spread.Sometimes a bettor may couple this type of bet on the favored team to increase the payout of a parlay. The favored team pays lower odds than does the underdog thus, it acts mainly as an enticement to take the underdog for a better payout. Moneyline bets do not have a spread or handicap, and require the chosen team to win the game outright.Examples include the 1919 World Series, the alleged (and later admitted) illegal gambling of former baseball player Pete Rose, and former NBA referee Tim Donaghy.īetting on the Favorite, an 1870 engraving published in Harper's Weekly There have been a number of sports betting scandals, affecting the integrity of sports events through various acts including point shaving (players affecting the score by missing shots), spot-fixing (a player action is fixed), bad calls from officials at key moments, and overall match fixing (the overall result of the event is fixed). This creates a number of other criminal elements, thus furthering their illegality. Illegal bookies, due to the nature of their business, can operate anywhere but only require money from losing bettors and don't require the wagered money up front, creating the possibility of debt to the bookie from the bettor. They take bets "up-front", meaning the bettor must pay the sportsbook before placing the bet. Many legal sportsbooks are found online, operated over the Internet from jurisdictions separate from the clients they serve, usually to get around various gambling laws (such as the Unlawful Internet Gambling Enforcement Act of 2006 in the United States) in select markets, such as Las Vegas, Nevada, or on gambling cruises through self-serve kiosks. The term "book" is a reference to the books used by wage brokers to track wagers, payouts, and debts. Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as "bookies". It is not uncommon for sports betting websites to offer wagers for entertainment events such as the Grammy Awards, the Oscars, and the Emmy Awards. Sports betting can also extend to non-athletic events, such as reality show contests and political elections, and non-human contests such as horse racing, greyhound racing, and cockfighting. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels. Sports betting is the activity of predicting sports results and placing a wager on the outcome.
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