Sports Betting is an activity of predicting the results for the sports before it ends up. In this activity, the amount of money is risked. Sports betting is done on the various types of games such as Football, Basketball, Baseball, Hockey, Track Cycling, Auto Racing, Mixes Martial Arts, Boxing, etc. The concept of sports betting has also been extended to non-sports activities such as reality shows contests, political elections, cockfighting, horse racing. The person who is engaged in Sports betting is known as a sports Bettor. Se of online betting sites are bet365, ufabet etc. It affects the integrity of sports through various acts.
Types of Bets:
• Money line bets – This is the simplest way to bet on sports.
• Spread betting – It is a derivative strategy. The bettor will provide the spread or a line. The participant has to predict if the score will be above or below the spread or the line given by the bettor. The bookmaker assigns the spread, which handicaps one team and favors another team when two teams play. The handicap team is also known as the underdog.
• Proposition betting – It is different from the general bets. It means the participant can predict multiple things. The participant can predict which team will score the first goal, which team will score the highest goals in the complete match, the teams’ discipline records in a match.
• Parlays- A parlay means a multiple bet. In a parlay, a greater amount is paid if the participant wins all the bets. If one of the bet is lost, then the entire parlay is lost.
A bookmaker is a person who accepts or pays off bets on sporting and other events as agreed on the outcome. In a common man language, the score gets affected. Whenever a player is affecting the score by missing shots, it is known as point shaving. If the action of a player is fixed, it is known as spot-fixing. It has resulted in several scandals.