Over the past few years, the advent of daily fairy tale games has led to the revival of traditional sports betting. The decades-long anti-gambling scandal is coming to an end in the popular American culture, opening the door to the emergence of a major legal sports betting industry.

With sports betting legalized in many provinces, millions of sports fans will be looking to enter the betting market for the first time. But where do you start if you are not familiar with the term?

1. Favorites vs. Underdogs

When oddsmakers release a betting line in a game, the first thing they do is decide which team should be the favorite and which one should be the dog under.

The favorite is the team that is expected to win the game and will receive a minus sign next to its chances, while the underdog is expected to lose and earn a merger. If the game is a throw-in, the books will open as “pick” or “pick’em.”

1. It spreads

There are two main ways to bet on a favorite or underdog. The first point is still distributed, which is betting on the winning line. Popular points “give”, while the underdog “gets” points.

For example, say the Patriots are favorites with 7 (-7) points in relation to the Jets.

If you bet on the Patriots, they need to win the game by 8 points or more to win your bet. If the Patriots win by 8 points or more, “he covers.” If the Patriots win by 7 points exactly, that’s called “Push,” which means you get back the money you originally bet.

If the Patriots win by 6 points or less (or lose a straight game), you lose your bet.

On the flip side, if you bet on the Jets “plus the points” (+7), you need the Jets to win the copaqq game losing six points or less to win (or cover) your bet.

Spread is available in all sports, but it is widely used when betting on high goals such as football and basketball.

1. Money numbers

The second method of betting on a favorite or underdog is in the auction. This is based solely on which team wins the game.

Favorites are given the word “minus”, such as -150, -200 or -500. If a favorite is 200, that means you have to risk $ 200 to win $ 100. If a favorite wins, you get $ 100, but if a favorite loses, you are out of $ 200.

Because favorites are expected to win, you take a big risk when you bet on them.

Underdogs are given the word “plus”, such as +150, +200 or +500. If the underdog is 200, that means if you bet $ 100 on them and win the game, you get $ 200. If they lose the game, you only lose $ 100 at risk. Because members of the team are expected to lose, there is a lot to be gained from betting on them.

Moneyline is available in every sport, but is widely used in betting on low-scoring games such as baseball, hockey and soccer.

1. Over / Under (Prices)

In addition to setting the favorite line with the underdog, oddsmakers will also set the total number of points earned in the game for both teams combined. This is called a total or more / less.

Buyers can then bet on whether the game will pass or not under the theme.

For example, an NBA match between the Celtics and the Bulls could have a total of 215. You can bet on Over 215 or Under 215. If you bet Over 215 and the total points earned end up 216 or more, you win your bet. If the total score is 214 or less, you lose.

1. How to Place a Bet

With official sports betting spread all over America, sports bettors have never had so many options to use them. To see if sports betting is legal where you live, check out our state-by-state tracker.

Some of the largest states to authorize telephone betting include Colorado, New Jersey, Pennsylvania, Indiana and West Virginia. The sports books listed below are all reliable legal stores that take online betting.