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Olympic Betting Odds
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Highlights Of Cycling Betting & Cycling Odds
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Next summer has a lot to offer, and the 2020 Olympics is undoubtedly one of the most exciting events of all. Around 12,000 athletes are expected to participate in the Tokyo Olympics. While many sports fans await the moment for the torch to set ablaze to a series of games, the avid bettors look up to the opportunities to wager on their favorite sport and player. Let us brush up on the most critical aspects of Olympic betting to improve your betting style.
Tips on Olympic Betting
In order to become a winner at the various sports bets in the Olympics, you need to understand the working of each sport before wagering on it. You can easily bet on sports like soccer and basketball since it follows the same betting rules and patterns as the Premier League and NBA. But the other sports aren’t something you watch every week; they might be the exciting events you encounter only for the Olympics. If you need to excel at making a buck out of these sports, you have to follow certain tips.
- Although hundreds of betting options and sports are available, you must make wise decisions. Always try to bet on sports that you know; without a proper understanding of a sport, you will most probably lose the money you put into it.
- You must start considering your bets as soon as possible so that you focus on a particular sport for the season. Multiple sports can be wagered on, but make sure that you have substantial knowledge in them before placing your bets.
- The most important thing to do before betting is to look for the latest updates and records of a player. Previous Olympics and recent world championship records have to be revisited to check through a team or player’s chances to win. Also, researching an athlete’s form will help you gain a better understanding so that you can bet accordingly.
- Once you have decided to bet on any sport, look for the tips provided by experts. Many of those tips may come in handy while you place the bets.
Best Sports to Bet On
All the best bookmakers will offer a wide range of sports. Since it is the Olympics’ season, they are sure to make some profit over the weeks. Although plenty of sports are available to bet on, the most popular ones are boxing, cycling, athletics, swimming, gymnastics, soccer, and diving. You can bet on all the other popular sports too, but when you are looking for a broad range of options and winning opportunities, these top sports might be your best call.
Best Betting Options
Multiple markets are available in Olympics betting, and the most common ones are made over the overall winners and medal holders. The more niche and special markets in Olympics betting are prop bets, Over/Under Nation medals, handicap bets, No Medals, number of medals in a sport, Most Gold Medals, Most Silver Medals, and Most Bronze Medals. You are sure to find various other options in the major bookmakers. Make sure to understand the concept of the bet before placing it.
Unlike the average sports fans know, cycling has millions of fans across the globe. All these people look out for their favorite cyclist in the competition to even bet on them. A lot of mystique surrounds the sport of cycling, but more than half of the world is unaware of such exciting events. While the professional cyclists train a lifetime to compete, the fans watch the game to cheer for their dearest one. They also make a profit out of watching these games as well. People who are fond of sports betting can always try wagering on cycling, yet another edge-of-the-seat event. Various tours and races are being held worldwide; cycling is a major sport in the Olympics too. Let us look at how bets can be placed on cycling.
How to Start Betting
The competitions’ arrangement is highly tricky for any punter to follow, but the experience is so calming and exciting at the same time. Before starting your betting venture in cycling, you need to learn about the sport thoroughly. The two main forms of cycling are Track cycling and Tour cycling. In the latter, cycling teams race over a month across a country to determine the winner. Oval-shaped velodromes are used for the Track cycling competition, where teams and countries will race against time and each other. The betting options are almost always the same, regardless of the form of cycling you choose. Betting on a cyclist or team that you think will win the race is the fundamental option.
Betting on Two Forms of Cycling
The Giro d’Italia, Tour de France, and Vuelta a Espana are the three iconic Tour races. You can bet on Tour de France by placing money on the overall race winner. Yellow Jersey will be worn by the cyclist who is the race winner, and the cyclist who leads after each stage will hold this jersey. Betting on individual stage winners is also a great option, making the wagering sessions in Tour de France more exciting than the other two. One of the most interesting aspects of betting on cycling is that the event is spread across a month, meaning you will have to invest your mind in the competition for thirty days or more. Those four weeks can bring many changes to the table through various crashes and unfortunate accidents. Although you have chances of losing your money over these bets, the event always sends a chill over your body as every cyclist pedals to the heights. In the other two Tours, betting options are quite different.
Unlike in Tour cycling, cyclists have to compete against each other in a race to finish first without spreading the event over a month. A single race will determine the winner who is eligible to compete in the next round. The various styles of Track cycling are Individual Pursuit, Time trial, Omnium, Keirin, Team Spirit, and Sprint. These types have special areas for both individual and team competitions, opening up multiple opportunities for bettors.
Plenty of events are being held every year, be it the massive concerts or the games in arenas. Despite the entry of various new major events, Olympics remains one of the most prominent sports events. People eagerly wait for the leap year to pop up on the calendar, heralding the burst of emotions in the gallery. Some of the world’s best athletes assemble at the venue to get their way through the hurdles to win the trophy. Various sports such as basketball, soccer, skateboarding, badminton, and many more are open to competition in the massive stadiums. While the athletes take the run of their life, the sports bettors can have a great time winning money out of the bets placed on all their favorite sports. Several Olympics betting options are offered as the year’s events kickstart. Let us look at how the flame to a profitable Olympics bet can be lit.
A number of futures betting options will be published by the sportsbooks a few weeks prior to the event. All aspects of the sports futures betting options will be covered in these updates. The most common bet is the one on the total medal count. As the event is announced and is about to be launched, the odds of countries that are most likely to win the highest number of gold medals will be published. ‘-‘ and ‘+’ signs will appear as an affix, denoting that particular country’s odds to grab the gold medals. Once the games have begun, the number of bets and medals won will change the odds. In totals wagering, the punter has to bet on a specific country’s capability to win OVER or UNDER the total number of medals as indicated on the lines. The odds determine the payout on all winning bets.
Betting Lines are the Same
As a novice at Olympics betting, you might have thoughts about finding it difficult to blend in with the new betting styles. However, if you have wagered on the other sports before, the basic idea can easily help you get through this event. Sports such as soccer and basketball have almost the same betting lines and follow a similar pattern as in the Premier League and NBA. Everything from spreads, totals betting, Moneyline wagering, and three-way betting to futures betting is available in the Olympics. Other sports offer ideal betting opportunities to set a clear path even for the novices to understand the working properly. All the wagering options are applicable to the various sports, while the futures bet can be placed only on an individual player or team that is likely to come away with the gold medal.
Live bets are also available in the Olympics these days, allowing the bettors to wager on the teams or individuals depending on the game’s updates. Prop bets that cover elements on and away from the field of action are also offered to give the bettors a wider array of options to make money.
Sports odds differ from one system to another system and understanding the sports odds means the calculating of probability increases, with the chances of winning as well. It is crucial to understand how sports odds work, to become a successful sports bettor.
Once you have found a safe and secure online sportsbook where you can place your bets, it is time to get to the fun! But to have the best chances of winning at your favorite sports, you need to understand the different types of odds they offer and how to best use them.
Different types of Sports odds
There are three different sports odds, American, Decimal, and Fractional formats. They mainly serve two different purposes:
- They signal the probability of the outcome
- They predict the money you could win by betting
American odds are straightforward to signify and understand. If you ever see three-digit numbers with a positive or minus sign, then it is identified as American odds.
- The plus and minus symbols represent the prospects of payout, it either represents betting on the favorite or as an underdog
- Negative numbers represent betting on the betting line and how much money to bet to win $100
- If it is positive, it means betting as the underdog and how much you’ll win if you bet a $100.
For instance, you’re betting on penguins which are the favorites, then depending on the odds, you would wager $130. If you wager $100 as the underdogs, that is one of the Senators, then you can win $110. If you’re not comfortable with it, you can use a formula and solve it for x.
Out of all the other odds we’re going to discuss in this article, decimal odds are the easiest ones you’ll encounter. Determining the payouts with the decimal odds is the best means, all you have to be multiply the wager with the odds, that are associated with the betting team.
Fractional odds are the type of odds that are used in the betting strategies of the United Kingdom and horse race betting. The odds’ kind of look bizarre like 9/15 or ½. If you wish to say it out aloud, then you got to say nine to five or one to two.
The left side indicates the expectancy of the outcome to fail and the right side represents the expectancy of the outcome to succeed.
Asian Handicap Betting
Asian Handicap betting markets are perfect for football traders looking for an alternative to the more traditional 1X2. Asian Handicap betting markets counter the perceived bias in abilities, by leveling the playing field and removing the option of a draw – resulting in better odds.
This is done by applying either a positive or negative goal handicap to each side depending on which team is perceived as the favorite (negative) or underdog (positive).
What is Push?
Push is not exactly related to the odds, put it is another important aspect that affects the odd of a game or the payouts. Before wagering on the bet or the sports, a player must be educated about the concept of push. In simple terms, push is a tie.
Although it is not available on the money line, it often allows to end or conclude a game with a tie. If a push occurs during a bet, then the money should be refunded. It will never be considered either as a win or a loss.
Understanding the odds and calculating them is a crucial decision for the bookmakers, and also to become a great sports bettor. If you can implement at least one of these strategies, then you can work wonders on your next horse race.
Cycling has been one of the most exciting sports of all time, and it has garnered millions of fans over the years. The sight of a professional cyclist pedaling his/her way through the breezy days to the heights of fame and wealth is so soul-enriching. However, the world of cycling doesn’t stop there; the wheels spin over to the betting opportunities as well. A wide array of betting options are available on all the major bookmakers, and people from around the world have been indulging in bets to add a layer of fun to the already exciting event. Many agencies have earned a buck through such sessions, but the tipsters are the group of experts who gained a position of immense advantage with the growing popularity of cycling betting. Let us have a closer look at the insider world of these tipsters.
The Screens and the Skills
Every competition is as nail-biting for the tipsters as for the fans. While all other eyes are fixated on the cyclists’ wheels, the mathematical geniuses look for every chance to calculate a potential win for each contender. Hunter is a globally connected group of cycling enthusiasts who learn the sport’s basics and advanced techniques. They use this knowledge to make money at each stage of a competition. This community may include students, marketers, doctors, and people from any field of work. It is basically an online forum where cycling experts can share their opinions and ideas. According to Hunter, the high price has been set in order to keep a low number of subscribers
. The typical fee for Hunter’s tips is up to £75 a month.
Betting as a Source of Joy
Wagering on the sport may occur as a way of entertainment for many people, and most tipsters offer a friendly service to make the activity all the more fun. Another tipster named O’Sullivan operates to provide the bettors with tips for the Grand Tours at £30 for each game. A website was put up by himself to facilitate the betting options in the most convenient form. Both Hunter O’Sullivan have expressed their deep love for the sport, cementing the fact that it isn’t just the money driving them ahead in the tipster job. Like every other European citizen, Hunter and O’Sullivan also grew up watching Tour de France and became an instant fan.
According to Jesper Anker, another cycling enthusiast, the field of tipsters have been going strong throughout these years because of the persistent ego. It is a form of healthy competition where each of them wants to be nerdier than the other. Making money is one of the major reasons many try out their luck at offering tips. The ego hasn’t led to a head-on-head rivalry between any tipsters, but O’Sullivan and Hunter aren’t fans of one another. They have had a rough patch on Twitter with many jabs and unnecessary jabs. However, the world of tipsters has a separate fan base, and many people aspire to be a part of it.
Sports betting is one of the best forms of betting in the world. Sports betting can vary anything from football, and NBA to horse racing. But there exists different types of sports bets and wagers and it can be often intimidating to choose between them. In this article, we will discuss the different types of sports bets to make your life easier and to form an informed decision. Straight Bets
It is one of the basic kinds of bets and is followed by many of the betting punters and bettors, especially for sports like football and basketball.
- In this type of bets, a betting line is set often called as the point spread.
- You can place the bet on the favorite team or give up points to an underdog.
- The favorite team must win the bet higher than the points that is higher than the point spread. Whereas, the underdog can win with points lesser than the point spread or form a tie when it is called, “push.”
- During push, no money is lost or spent.
Total Line Bets
This is the popular betting line or the wager line after the straight bets.
- In this type of bet, a number is set aside
- It is combined for the final scoring of both the teams that are playing against each other and the bets are placed by saying, “under” or getting, “over.”
- It is generally seen in the sports like football and basketball.
Money Line Bets
While placing money line bets, you’re usually selecting a team for a straight up win or loss and nothing regarding the point spread. The risk is involved in the amount, you wager against the team you pick and the underdog. They’re generally applied by bettors that are used in all kinds of popular sports like Basketball, baseball, hockey and so on
Parlay is the term used to group two or more picks of the bets together to form a single bet. It can range anything from two separate picks to the highest number of picks by a sports book—that is 10-12 picks. The number of bets available can be adjusted based on the number of bettors, and the teams. It could be as high as 645-to-1 for a parlay of 10 teams.
If you want to cash out, your team must win or you lose the entire bet. When compared to other forms of bets, this is the most risky ones and bettors ought to be extremely careful while placing it.
These are applied or bets placed on professional golf or the NASCAR. They’re generally only two competitors in this bet. It is as simple as the straight bet we discussed earlier and the one with the highest position among the two, wins the bet. Although, the betting strategy and the procedure is simple, it is often difficult to choose an outright winner among so many that are available.
The activity of gambling has managed to reach different kinds of events, as betting is a popular practice worldwide. From major tournaments to small-time events, one can surely come across betting. Thanks to that, the latest addition to the list is the Olympics, and today we will be looking into road cycling. As a popular event, people want to know more about the same in order to make bets and seal the victory. So to help you out on that front, here are a few tips that you need to remember.
Understanding the Event
Before going ahead to place any bet, you need to look into the sport and learn more about the same. The two events that it holds, namely, road race and time trial, need to be understood clearly. By doing so, you can form a better idea of the event and how it carries forward. Moving ahead, you can use the same piece of information to decode the specialist of the sport and the individuals who are more likely to win.
Observe and Analyze
Once you are aware of the sport and its functions, the next logical step would be to observe things. You need to look into the sport as well as the people who are there to place bets. In this manner, you can get a fair idea of how things work and the possibility of an outcome. So take your time and observe the race because there is a lot to learn from the same. Moreover, since betting might also help you lose money, it is always good to be cautious.
Be it horse racing or road cycling, bankroll management is an integral part of the process. Without acknowledging the same, you will not be able to make matters connect and happen in the right manner. As a result, you need to begin looking into your bankroll and how well it can be shaped to take on the sport. Once you’re ready with the right kind of financials, you can go ahead to place your first bet.
Teams & Players
Being aware of the event, observing the changes, and forming a minimum amount of bankroll are essential steps that should be followed by examining the teams and its players. You need to be aware of the players, their previous records, and their form in the recent past. By doing so, you can begin to make predictions and think about an outcome. But since it is your first time, it is always important to place a small bet and then think about moving forward.
Hence, remember these tips and the outcomes that come from the same because you are the one who makes decisions.
Sports betting has always been a part of the picture as individual interest, and the expansion of betting markets tends to rise. As a result, we have come across betting sectors handling ￡80 million during a two-week period of the London Olympics 2012 and around ￡4 million during the Beijing Games 2008. So how did these figures come into the picture, and when exactly did the activity witness a rise? Well, since those are a few of the most common questions, we decided to answer them by looking into the rise of gambling at the Olympics.
The New Age Bookie
Bookies in the current day and age are not like the folks you would come across in the late 1990s. They are more passionate and engaging as they managed to expand the market and invite newcomers to the field. The ability and sense of understanding that they displayed is quite crucial to reach the extent of satisfaction. This level of interest tends to be the main reason why around 3 million people were ready to place their first bet during the London Olympics.
Decoding the Recreational Bettor
While one always looks forward to witnessing their stars in action, things tend to enter the next level when betting is involved. The kind of engagement that it creates builds a unique relationship between bettors and the sport. As a result, they have faith in their team and thus go ahead to place money. Since this particular relationship is quite common, it is not hard to come across bettors who are ready to put in money.
The Smartphone Phenomenon
We have all witnessed the impact of the smartphone generation as things are more accessible and advanced. With these devices in our hands, we have been able to do a lot more, and that includes more than just connectivity. Betting sites and mobile-optimized versions have entered the scene, and it has managed to bring in another set of audience. Due to that, placing bets has become more comfortable, and one will be happy about the platform. As a result, sports betting is on the rise.
The Perfect Combination
When you look into the points mentioned, you are left with a perfect combination of events and methods that paved the way for the rise of sports betting. As they stand to create an impact, one can get a clear idea of how the rise of sports betting can be both predicted and felt. Since the digital arena is gaining more importance by the day, one can expect to see another rise in the coming future. Due to that, sports betting was on the rise, and it will continue to do so until our interest fades away.
The fascinating world of sports betting is always open for beginners, and one needs to step forward and try it out. But going ahead without being aware of what you’re doing is a huge mistake, and we will not let you do it. For that purpose, we have made a list of tips that can seal the deal and help you understand the idea of sports betting. Hence, go ahead and read it all out.
One of the first decisions that one will have to make in this scenario is to pick out a team in order to place a bet. So when the oddsmakers release the betting line, you will be struck with the concept of favourites and underdogs. While the farmer is a team that is expected to win, the latter is the team that is least expected to win. So choosing between the two and knowing where to place your money is an ideal task of utmost importance.
Spreads & Money lines
Regardless of the team that you’re going to be betting on, the thing that you ought to know is how to bet. For that purpose, there are two ways known to bettors, i.e., spreads and money lines. Spreads is a unique way to bet as it emphasizes the margin of victory. As a result, the favourites tend to give points, and the underdog’s will go-ahead to get points. On the other hand, the money line is mostly based on which team will win.
Many people are not aware that the activity of sports betting also has a commission, which is known to be a “takeout” or “juice.” This is typically the amount of money that you will have to pay the sportsbook for them to accept the wager that you’re going to place. Due to that, you will come across figures like -110 listed next to your bet. So while thinking about placing a bet, you also need to be aware of the amount that you’re willing to risk.
The Best Online Sportsbooks
Being aware of the best online sportsbooks is an ideal way to get started on this front and proceed ahead to learn more about the activity. So to give you the right idea, here are a few of the best ones in the market.
- BetMGM – 100% deposit match, daily odds boosts, bonus funds, and so on.
- DraftKings Sportsbook – actions preferred sportsbook, up to $500 worth deposit bonus.
- PointsBet – up to $250 deposit match, BetSync book, etc.
These are three of the major sportsbooks in the online market, as their features are known to be unique and spectacular. Hence remember the same and go ahead to make the most out of your sports betting activity.
Sports betting odds form a layer of importance as understanding them helps you paint an outcome that may or may not be favourable. Due to that, one cannot make matters connect without acknowledging odds and understanding the impact that they cause. As a result, we decided to provide a brief take on sports betting odds in order to help you understand everything from scratch. Hence, go ahead and read the following.
Sports betting odds or odds, in general, tend to talk about the probability of an event to happen. Due to that, it shifts your attention towards the same, as you begin to look deeper into these odds. For example, if the odds are 5/1 for every $1 you bet, you can win $5. But once again, there is only a 16% chance of that occurrence.
The Different Types
The only way through which one can read odds is by looking into the different types that exist. From American to Decimal or European, we need to study the different kinds of odds to be able to understand them. So let’s begin with American Odds.
- American Odds – these odds are also known as “money line” odds, and they are the most popular ones in the American betting market. They work by displaying how much money one needs to place to win $100. But that scenario also tends to change when you bring different teams or players.
- Decimal Odds – by gaining popularity in Europe, this particular system of odds is also widely present in Australia and Canada. All kinds of online sportsbooks will hit you with this option since it does nothing but display the odds in the decimal format. As a result, the quoted figure is the amount that one will pay out if the bet is a winner.
- Fractional Odds – call it British odds or UK odds, fractional odds is a popular format that has been widely used in horse racing. They tend to display the net total that will be paid to the bettor in case they win.
Being confused about the odds is a common scenario that every sports bettor goes through in the beginning. But it is not something that can be kept for later because understanding your odds will also highlight your payout and other essential factors. As a result, you need to acknowledge the format by looking into all that it lays on the ground. Since all types of odds talk about the same thing, you need not be confused about the outcome. Hence, remember these points and begin to explore the world of odds a bit by bit. In that manner, things will move ahead in the right direction.