The Basics of Sports Betting – An Introduction to Football Betting
Many people still wonder if it is possible to make money in sports betting, and millions are particularly interested in football betting. Football is a major phenomenon, particularly in the United States. Every year, fans and football fanatics start preparing for the football season months prior to the season’s start. The huge hype surrounding football is primarily based on pre-season predictions.
Frantically analyzing teams is part of the ritual, and sports fans, sports players and sports network all chime in to give their viewpoints. Who will do well this season? Who will tank this season? Who are the best players? These are among the many questions that folks are fanatic amount. It has almost become impossible to imagine life without this unbelievable phenomenon.
This huge hype surrounding football leads to both legal and illegal sports betting. Football betting is huge. During Super Bowl Time, 75 million dollars in wagers and winnings are made in Las Vegas alone. Football betting is just as much a part of football season as the Super Bowl itself. In fact, you commonly find weekly office pools, straight up wagers and other sorts of sports betting being made even before the season starts.
So what exactly is involved in football betting? Well, both college and professional football sports betting works according to point spread. What is a point spread? Well, this is a term used to describe the number of points by which a stronger team can be expected to defeat a weaker team. Football betting is all about the point spread, with one team playing the favorite, and the other team playing the underdog.
Football bettors make wagers in by giving points when betting on favorites, and by taking points when betting on the underdog. The bookmaker, often referred to as a ‘bookie’ is responsible for keeping track of all of the bets made in a game. Some countries require licenses to become a ‘bookie’ while some countries consider the practice illegal. However, because of the craze that exists around sports betting, bookies have the potential to make a lot of money very quickly.