What is Side Bet in Sports Betting?

What is Side Bet in Sports Betting?

 

In sports betting, a bettor decides on which team to support. If a player leans on a specific team and bets they will win, it is said he has taken a side bet. From a different perspective, it means to either bet over or under during a sports game. Side bets are common with fans who support specific teams in any sports event. 

How do sports betting work in the US?

Sports betting in the US was legalized in 2018 after the Supreme Court allowed states to create laws for governing the industry. Since then, more than 30 states have legalized sports betting. Pennsylvania online sports betting was legalized in 2019, although the first retail sportsbook was launched in late 2018. 

Sports bettors in the US predict the outcome of sports activities and place a bet on the outcome. They are free to place as many bets as they wish. When their team wins, the bettor wins money and vice versa. 

How side bets work

To win side bets, the bettor needs to learn the sports betting basics before placing bets. Basically, the bettor needs to decide which team they are supporting. Point spreads are the commonest way people place side bets in the US. The point spread bet is not only about who will win but also about the total goals or points the team will win with. 

In baseball and hockey fields, the commonest side bet is the money line wager. Generally, the bettor places bets for their favorite team and hopes they will win to earn a profit from their bet. If the team loses, they lose their bet. 

Side bet strategies

The error most sports fans make when placing side bets is choosing the team that seems strong to them. Their judgment is based on the historical performance of the team. They forget both teams have taken the time to prepare for the event and have the best players on the field. Often, the outcomes of the game are the opposite of their expectations which is a surprise to many. 

Once two teams enter the field and begin competing, the probability of either team winning is half. Studying the history of a team’s winnings helps, but there are many more strategies the bettor should use before placing side bets. 

Ways to pay for a side bet

Casinos nowadays allow gamblers to make payments in a wide range of options, such as cards, bank transfers, eWallets, and mobile payments. Today, cryptocurrency in casinos is becoming common as more people embrace crypto coins, although this deposit method is not available at all US online casinos due to the country’s gambling regulations.

Daniel Donna

Author: Mario Castro