Gambling is as old as humanity, with the earliest finds of six-sided dice carved of bone and ivory dating back to around 3,000 BC. There are even verses in the Holy Book that talk about casting lots, which is a form of gambling.
What is Sports Betting
In sports betting, you place a bet on a sporting event and win a set amount of money if the team, player or event you wager on wins. When the team, player or event you bet on fails to win, you lose your bet.
How to bet at Fairlay
The Fairlay homepage has a simple interface that is user-friendly. It is divided into eight sections namely: Sports, Futures, News, Horse Racing, Dice, Live, Exchange, and Price Bets.
Each of these sections contains a sub-menu that accommodates more specific queries for sports with multiple events to wager. Select the type of event you want to bet from the available list (Sports, Futures, News, Horse Racing, Dice, and Live events).
Each event is further broken down into specific sub-events. For example, the Sports field comprises of activities like American Football, Badminton, Bandy, Baseball, Basketball, etc. Click on the specific event you want to wager on and place your bets using the available markets.
A moneyline bet is on who will win the game, irrespective of the spread.
The money line uses odds, instead of points (or goals) handicap, to balance the theoretical strength difference and winning chances of both teams. The bookies attach lower odds to favorites and far higher than expected to underdogs.
Over / Under is a betting option on the total number of goals to be scored in a sporting event. For instance, for someone to win a bet of Over 2.5, 3+ goals must be scored in that match.
In outright/future betting, a bet is placed on the result of a sports tournament or season instead of on a single game or match in that tournament.
They can be placed before or after the tournament or season begins.
In game spreads, gamblers bet on the final margin of victory, with the favorite required to win by a certain number of points and the underdog required to stay within a certain range of points.
For example, Dallas –9.5 means that Dallas is the favorite and must win by at least 10 points. Washington +9.5 means that Washington is the underdog and has been “spotted” or “given” 9.5 points; if Washington loses by 9 or fewer points, it is a winning bet (if Washington pulls an outright upset, it is also a winning bet).
An Undefined bet is when a bet has not been defined, it could be as a result of your internet connection. When you encounter such a bet, it is advisable to log out, log in and then try again.
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Guest writer contributed to this article: Josiah O. Makori