I WILL NOW GO THROUGH AND EXPLAIN EACH DIFFERENT WAY TO PLACE A SPORTS BET
Point Spread - Using point spreads is the most common way of betting on such sports as football and basketball. They will make it so the "favorite," or team expected to win, has to win by a certain number of points. If they accomplish this, then you win the bet. The underdog is given extra points, so even if they lose, they have to lose by a certain number of points or you will still win the bet. The "juice" the house keeps is 9.09%. That means if you bet $10 and win, your winnings will only equal $9.09.
If one of the teams is getting a clear majority of bets, the gambling supplier will simply change the point spread to get the sides as close to equal as they can, because they do not want to risk losing a lot of money. The gambling sites make their money off the "juice" and having each side as close to fifty/fifty as they can reduces risk.
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