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Basketball Gambling Odds
by Jerry "Jet"
Whittaker
Sept 4, 2006
What is Gambling Odds:
Gambling odds are refer to the prices a bookmaker sets
based on the chances of an event occurring. The odds
decide the winning and losing percentage of a certain
game. Odds are calculated by the bookmaker in such a way
as to provide a theoretical percentage of profit to the
bookmaker.
Basketball Gambling Odds
Basketball gambling odds are those which are usually
used in basketball betting in order to predetermine the
winning team of a certain game. Odds are the crux of
sports gambling, which also known as the line or the
point spread. In a basketball game most of the time
there is a clear favorite and there is no use of betting
on such game. But sometimes by utilizing basketball
betting odds, the underdog has a chance to, in effect,
win.
It is the most common question in a basketball gambling
that how these odds are worked in betting. Let’s take an
example, there is a game Missouri vs. lowa State. Here
the lines reads Missouri (-8) at lowa State, over/under
145. the point spread on this game is Missouri (-8).
Now you have to subtract the 8 points from Missouri’s
score at the end of the game.
Hypothetically, the final score is 75-65 in favor or
Missouri. So, for betting point of view now Missouri’s
final score is 67. Therefore, if you bet on Missouri to
win against the spread, you win. If you bet on Iowa
State, you lose since the Cyclones lost by more than 8.
Gambling odds
are very common in gambling industry. These odds are
usually separate the two playing team from each other in
order to predetermine the result of the game. There are
some odds tips and gambler must be careful when they
select their favorites. When you are wagering in a
basketball match always use your brain not your emotion.
Work out your own team rankings or use the statistics
available in newspapers and on basketball web sites to
accurately handicap teams.
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