You may already have your favorite sportsbook. But what if you want to place a wager on it using your mobile phone? This article will discuss the differences between Betting on the point spread vs. betting on the moneyline. You can also learn about Betting on exchanges, which are different ways to place a wager on the sportsbook. And what about the apps? You should know that most sportsbooks also offer apps for both Android and iOS.
Betting on a point spread
If you’ve ever bet on a sports game, you’ve probably heard of betting on point spreads. Unlike straight bets, point spread wagers don’t have an overall winner, but instead involve a team’s point margin. Point spread betting makes the game more exciting, and keeps bettors on the edge of their seats. Here’s how to make money betting on point spreads.
Betting on moneyline
In many instances, the moneyline is pretty close to a coin toss, and the odds on the game will change depending on newsworthy developments and betting volume. While moneyline bets are often the better choice for fans looking to bet without the hassle of point spreads, there are some things to remember before you place your money on a game’s moneyline. The most important factor is the probability of winning the game.
Betting on an exact score
If you have ever placed a wager on a game, you’ve probably heard of Sportsbook betting on an exact score. In fact, many sportsbooks don’t allow you to bet on multiple outcomes of a single game. That’s a shame, as it means you can increase your chances of winning and cutting your losses. The best way to bet on an exact score is to select ten games where you think the home team will win. If you’re able to get two or three correct guesses, you’ll be a profitable player.
Betting exchanges
Betting exchanges for sportsbooks operate like traditional sportsbooks but with lower overhead and no in-house odds-making teams. Betting exchanges usually charge a small commission on winning bets, between two and three percent. However, some offer 0% commission bonuses, valid for a certain period. Other exchanges offer free accounts, but these come with a cap on winnings. Nonetheless, these exchanges offer compelling advantages.
Betting exchanges vs. traditional sportsbooks
While exchange-based betting isn’t new to the European market, the US population is more used to betting on traditional sportsbooks. Unlike traditional sportsbooks, exchanges have lower overhead. Because they don’t employ oddsmakers, they can offer much higher odds and support higher betting limits. Customers of betting exchanges place bets like those at traditional sportsbooks, but also set prices on games for other users to take.
Offshore sportsbooks
Offshore sportsbooks can be a great way to place a bet and earn extra cash. Most offer cryptocurrency payments, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Using cryptocurrency for betting is considered to be the safest way to make online transactions because the process is transparent, and most offshore sportsbooks accept them. Some even offer crypto-specific bonuses. Signing up for an account with an offshore sportsbook is as simple as creating one with a regional sportsbook.