What Does Series Bet Mean In Sports Betting?
by Doc's Sports - 10/9/2014
When teams play multiple games against another team consecutively, it is called a series. With knowledge fresh in your mind, it shouldn’t be a shock that a series bet is a bet on which team will win a series. Series betting, which is a form of futures betting, is typically done in the form of a moneyline.
During the regular season, Major League Baseball is the only sport that lends itself to series betting. When teams play a four-game series during the season, only the first three games are typically counted for a series bet to avoid the possibility of a tie.
There are many more options for series bets in the playoffs. Baseball plays five- and seven-game playoff series that can be bet on in this way. The NBA and the NHL also play series in the playoffs that are popular for betting.
The mechanics of a series bet - I really hope I don’t have to spend too much time here. You bet on which team you like. If they win the majority of games in the regular season, or win the series and advance to the next round in the playoffs, then you are a winner.
Square bettors will often jump to conclusions in these bets, assuming that a team is an easy winner because they are clearly the better team. It’s often more complicated than that. What happened in the regular season, or what has happened in the weeks and months before in the case of baseball’s regular season, doesn’t always matter. So many factors need to be considered - the location, the weather expected, the health of the two teams, the coaching matchup, the relative motivation of the teams, the matchups on the court, field, or ice, and so on. Because there is so much going on in series it is a place where value can often be found on the underdogs.
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