I just registered on a sports betting website to try it out, ik sports (mostly nba, nfl) and i was about to bet on the spurs game for tomorrow and i typed in for a test $5 and it said potential win $4.90. So all in all would i end up with 9.90 if the spurs won (excluding possible % cuts from website if any) or do i walk away with just 4.90?
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Favorite Answer
You have an account with the bookmakers.If spurs win your balance will go up by $4.90,if they lose your balance will go down $5,
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EDDIE
The way sports betting works is that your receive your original wager back. You will not be left with a loss if the team you supported won the competition. This might seem confusing, so it is a good idea to read more on the intricacies of sports betting.
LegFuJohnson
Why would anyone make a bet for $5 if you lose money even if you win a bet?
pdq
PLEASE believe that when you win a bet that you will lose ten cents! Please believe it.
If you believe that, then perhaps you'll save yourself a bunch of money.
Only 1% of folks who bet on sports do so profitably. What chance do you think you've got actually believing that perhaps you lose money on a winning bet? Seriously, man - think it through. To say this is a mistake is an understatement.