Bet, odds basics

[GoldCoast1]

Sorry to drag this back down to a slow walk . . .

I don't understand the basics of odds and betting. I have googled phrases like betting, sports wager, odds, etc and I don't find an intro to the basics of how betting works. Point spreads aside, simple win/lose bet might be given as Kentucky over Indiana 3:1.

My understanding is that if I bet $25 on Kentucky, and they win, I receive my stake and $25. If Indiana wins, I lose the stake. On the other side of the bet, a $25 wager on Indiana in that game will pay the stake plus $75, $100 payout.

If that is the case, where does it go from there and how can I find a primer on this subject ?

Thanks for any advice.

[doublej95]

here is a link for you to read up on the basic's of sports betting.

http://www.acsportsbooks.com/sportsbetting/typesofbets.htm

[SBR Lou]

Hi GoldCoast1,
Welcome to SBRforum! You have arrived at the right place for handicapping resources.
Here are two things to get you started on the handicapping path.

#1 Think Tank Forum
This is a must-read. The topics are occasionally high-level, but it's a perfect place to ask specific questions and read questions that have already been asked. Here's a good thread on whether you should opt for a Moneyline or Straight bet.

#2 SBRforum.com
Free picks and insight are given daily by writers across all sports. You'll likely enjoy this aspect of the site, but even if you don't, you can leave negative comments on the articles too. =)