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Football and Fortune: Winning Strategies for Sports Betting

Although the 19th century saw the emergence of modern sports and increased sports betting, the history of sports betting goes back thousands of years. 

With a fan base of over 4 billion people, Football, popularly known as soccer, is the most popular sport in the world, explaining the coverage of the sport by numerous certified online casinos with a thrilling sports betting lobby that offers an exciting selection of sports betting markets.

Basics of Football Betting

With ESPN’s latest agreement with Penn Entertainment, players can stream their favorite matches while placing bets on the events. Before placing your bets, it’s essential to familiarize yourself with the basic football betting concepts.

Key Sports Betting Terms

  • Straight Bets/Moneyline bets: Also known as single bets, these bets are the simplest betting lines in football betting. In a straight bet, players are simply wagering on the outcome of a single event or game with no complicating factors like point spreads or totals. 
  • Parlays: Popularly known as accumulator or combo bets, parlays combine a series of multiple individual bets in one bet, allowing for bigger wins. With parlay bets, all your predictions must be correct for you to claim your payout. Players should remember that if any bet in your parlay loses, your bet is lost.
  • Odds: Odds are a way for certified online casinos to represent the probability of a particular outcome in an event. There are currently three formats to depict these odds: Fractional odds (depicted as fractions), decimal odds (expressed as a decimal number), and moneyline odds (depicted with + or -).
  • Points Spread Bets: This bet is a popular betting line where the bookmaker assigns a spread to an event, tasking the bettors to place wagers on whether the teams will outperform or underperform the spread set.
  • Handicap Bets: Handicap bets are set by the bookmaker, buffing the weaker team’s points before the match starts and nerfing the stronger team’s points to level the playing field. How does this work? Before the match starts, players can place a bet on the spread set by the sportsbook (e.g., +1.5, +2.5, -1.5, -2.5, etc.), with the negative points applicable to the stronger team and the positive points added to the weaker team. 

Placing a bet on the weaker team, if the weaker team loses the game, but an addition of 1.5 puts them ahead, the bet wins. While placing a bet on the stronger team, they must still be ahead of the scorelines even after subtracting 1.5 from their points.

  • Prop Bets: Short for proposition bets, Prob bets allow players to place wagers on certain game events that do not necessarily affect the outcome. Some prop bets include player performance (goals scored, assists created) and team performance bets. 
  • Outright bets: Also known as future bets, Outright bets allow players to place bets on the final outcome of tournaments, events, and competitions. Popular outright bets include placing a bet on the FIFA World Cup winner and the UEFA Champions League winner.

Winning Strategies for Sports Betting

Once you’ve fully acclimated with the basics of sports betting, below are some strategies that can give players an extra edge toward winning more of their bets at certified casinos with sports betting lobbies.

  • Look for bets where the odds offered by the bookmaker seem to underestimate the probability of an outcome, known as finding “value.” Value bets can be profitable eventually. 
  • Focus on specific sports or leagues.
  • Always bet on what you know. 
  • Avoid placing large bets that risk a significant portion of your bankroll on a single wager. Instead, use a percentage of your bankroll (e.g., 1-5%) per bet.
  • While accumulator bets offer potentially high payouts, parlays and teasers are difficult to win consistently. Stick to single bets or smaller, correlated parlays if you must.

The overall key

A rich history intertwines with modern strategies in the dynamic realm of football betting. With over 4 billion fans worldwide, Football takes center stage in the sports betting arena. With an understanding of key terms and strategic insights, bettors can aim for success. Seek value, specialize wisely, and bet within your knowledge. Remember, prudent bankroll management and a cautious approach to parlays are your allies.

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