An Intro to Betting
Helping You Get Up to Speed In No Time
Greg Kajewski
Last Update vor 2 Monaten
Quick Betting Introduction Overview
Sports betting may seem complex at first, but it breaks down into a few fundamental concepts that are easy to understand. Whether you started with friendly "10 bucks says..." wagers or are completely new to betting, BettorEdge's social marketplace offers a straightforward way to place bets while helping you win more money with every bet!
Detailed Betting Introduction Explained
Understanding Betting Lines
When you look at a betting line on BettorEdge, you'll typically see three main columns:
- Winner (sometimes called Moneyline) - Betting on which team will win
- Spread - Betting on the margin of victory
- Total - Betting on the combined score of both teams
Each of these displays two important numbers:
- The line (the actual bet you're making)
- The odds (which determine your potential payout)
Types of Bets Explained Winner (Moneyline)
This is the simplest form of betting:
- You're simply picking which team will win the game
- No point spreads or other conditions apply
- The odds determine how much you'll win based on the teams' perceived chances
Spread Betting
Spread betting evens the playing field between favorites and underdogs:
- The favorite is indicated with a minus sign (-) and must win by more than that number of points
- The underdog is indicated with a plus sign (+) and can lose the game but must lose by fewer points than the spread
Example: Washington Wizards -9 (Favorite) vs. Orlando Magic +9 (Underdog)
- If Washington wins by 10 points (110-100), a bet on Washington -9 wins
- If Washington only wins by 8 points (108-100), a bet on Orlando +9 wins
- If Washington wins by exactly 9 points, it's a "push" and bets are returned
Totals (Over/Under)
With totals betting, you're wagering on the combined score of both teams:
- The line represents the expected total combined score
- You bet on whether the actual total will be Over (O) or Under (U) this number
Example: In a Seattle Kraken vs. Dallas Stars hockey game with a total of 6:
- Final score: Seattle 3, Dallas 2 = 5 total goals → Under wins
- Final score: Seattle 3, Dallas 4 = 7 total goals → Over wins
How to Read Odds
American odds are always based around $100:
- Negative odds (-644) indicate favorites: You need to bet that amount ($644) to win $100
- Positive odds (+644) indicate underdogs: You win that amount ($644) if you bet $100
BettorEdge also displays the probability percentage to help you understand your chances:
- Lower percentages = higher risk, higher potential payout
- Higher percentages = lower risk, lower potential payout
Example: Michigan State -644 (86.6% chance to win) vs. Minnesota +644
- If you bet $644 on Michigan State and they win, you get back $744 ($644 bet + $100 profit)
- If you bet $100 on Minnesota and they win, you get back $744 ($100 bet + $644 profit)
Understanding Value in Betting
Smart betting isn't just about picking winners—it's about finding value:
- Look for situations where you believe the actual probability differs from the posted odds
- The BettorEdge social marketplace lets you see what other bettors are willing to offer
- You can place your own orders at odds you consider favorable
Troubleshooting Common Betting Questions
What happens if a game ends exactly on the spread?
- This is called a "push" and your original bet is returned with no winnings or losses
What if a game goes to overtime?
- Unless otherwise specified, all bets include overtime periods when calculating final results
Why do odds change?
- Odds shift based on betting volume, injury reports, and other factors affecting the game
Getting Started
Ready to place your first bet on BettorEdge? Here's how:
- Browse available markets to find a game you're interested in
- Decide which type of bet appeals to you (Spread, Winner, or Total)
- Start with smaller bets or Edge Coins as you learn the platform
- Use the percentage probability to help guide your decisions
- Remember that BettorEdge removes the high fees like traditional betting platforms to help you win more!
As you become more comfortable, you can explore more complex bet types and strategies. Remember that successful betting combines knowledge of the sport, understanding of odds, and disciplined bankroll management.