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Sportsbook betting Basics

Sportsbook betting is most commonly placed on the outcome of a single event or game. And in virtually all sportsbook betting contests, there is a favorite and an underdog. In order to make sportsbook betting more even, the sportsbook oddsmaker draws up an odds line, or the odds, such that you can bet on the probability of a competitor's win.

The following is a guide to the basics of sportsbook betting on the four most popular sports to bet on:

Football Betting Basics

Baseball always had been known as our national pastime, but that does not seem the case today. Football is far more popular, as crowded sportsbooks on autumn weekends would indicate. It seems everyone has an opinion when it comes to football -- and most are willing to back up those thoughts with a wager. Perhaps the most important advance in sports wagering occurred in the 1930s when the point spread became popular.

Basketball Betting Basics

Basketball Betting is the second biggest form of online sportsbook betting in America. Many have made their fortunes betting this sport.

Baseball Betting Basics

Betting on baseball is different from football and basketball because a point spread is not used. Normally, 'money lines' are used, and that is where confusion can arise. The odds -- or money lines -- primarily are based on starting pitchers because they are considered the most decisive factor in each game's outcome.

Hockey Betting Basics

Hockey is the most complicated of the major sports on which to wager, as it also has the most variables. A puck line and a money line are the two options used by sportsbooks when accepting hockey bets