Betting on Swimming: Odds and Wagers
Frankly speaking, most of the wagers placed on swimming events are referred to as moneyline bets. The bet is also known as a straight up bet. This signifies that the gambler is indicating who will ultimately win the race. Any swimmer can be selected for placing a wager provided that one anticipates their victory while the odds maker may indicate who is likely to triumph as it is shown in our example below:
If you bet on the favorite, you will get a smaller payout than if you bet on the underdog who wins. The odds are typically not as large for the favorite. It is advisable to place several bets on winning players so that it increases the chances of getting a good payout. Here is an example of how to make a straight up or moneyline bet.
If the odds are as follows:
- Swimmer 1: 1.25
- Swimmer 2: 1.33
- Swimmer 3: 1.50
- Swimmer 4: 2.00
- Swimmer 5: 3.50
- Swimmer 6: 4.00
This allows us to say that the first racer is a favourite because people will have to put in $4 as an investment to get $1 for the victory. A bettor who puts down $8 on Swimmer 1 would earn a payout of $2. Those who want to bet on the underdog Swimmer 6 will receive $3 for every dollar they gamble. Betting on the underdogs entail such rewarding chances but slim ones always prevail.
The online sportsbooks also accommodate wagers on fastest time or fastest lap. This makes the sport more thrilling even if your Moneyline player is losing. Currently, a number of internet-based sportsbooks offer games on swimming races; the whole idea is to make it enjoyable.
This will be followed by a discussion of some of the major swimming events that are held all over the world.