In a Nutshell,

To place a bet, select which game you’d like to place a wager on. Next, select within the betting cell (on mobile or web). Be careful to select the desired outcome, and then this bet should pop up as your bet slip. Enter the amount you’d like to wager, and then click “Submit” or “Place Bet”.

Sports Betting Tips You Need To Know

Anyone can become a sports guru with the correct information. That is why we have compiled a list of 12 tips to consider as you start a new journey into engrossing winning sports betting.

Get a clue on Favorite Vs. Underdog

A bettor should know the difference between a favorite and an underdog. Favorite is the team expected to win, whereas the underdog is the team expected to lose.

In sports betting, favorites are denoted by a minus sign next to the odds. On the other hand, underdogs have a positive symbol next to their odds. For instance;

Lakers: -260

Heat: +220

In the example above, the Lakers are the favorites, and Heat is the underdogs.

Understand Moneyline

Moneyline is the first betting type that comes to mind when thinking about sports betting. This is a straightforward bet on who will win the game, competition or any event. In other words, you are simply picking the outright winner of a single event—no other contingencies.

The simplest way to understand a Moneyline is to consider it the favorite against the underdog. Here is an example of the money line bet:

Anaheim Ducks: +135

Nashville Predators: -135

If you wager $100 on Anaheim and win the game, you win $135 for a total payout of $235. On the other hand, you need to bet $135 on Nashville to win $100 for a possible payout of $235.

In Moneyline, the positive symbol tells you how much you will win on a $100 bet. The odds with the minus sign show the amount to wager to win $100.

Familiarize with Over/Unders (totals)

When wagering on totals, you do not depend on one team. It doesn’t matter who the winner is and by how much. You are only concerned with the total score.

Sportsbooks usually set many points to be scored in an event. Then players decide whether the points will be over or under the total set.

For instance, Edmonton has a total of 53 for an NFL game. If you wager over, you need 53 plus points. On the flip side, you need 53 points or fewer for the underbet. If the score hits 53 points, you are refunded.

Totals are applicable in several types of sports, including soccer, NHL, NBA, and more.

Know how to place a bet

Understanding how to place a bet is a no-brainer. Thankfully, most sportsbooks have made it simple. Just browse your favorite event and click on the bet cell. Your bet will appear on the bet slip. Decide the bet amount and submit. That is it!

Know spreads

The spread is used to even the odds between two matched events. Sportsbook set spreads hoping to get equal action on both sides of the match. For instance, the Texans are a -3 point favorite against the Colts. The -3 points are called the spread. If you bet on Texans on the spread, they must win by at least 3 points for you to win your wager.

Under the spread bet, the odds are usually set at -110 on both teams. However, this depends on the bookmaker and state.

Know When To Stop

The total stake you decide depends on the amount you want to win from your wagering activities. But remember, you should wager with the amount you are willing to lose. Manage your bankroll correctly and avoid wagering with more than you set, even if you are on a winning streak. It can take a single bet to wipe out all your winnings.

Also, use a flat betting approach. This technique involves betting the same amount on every wager you make. For instance, if you start with $5, stick to that. No more than that, even if you are enjoying the winning streak.

Understand Parlays

Instead of just betting on one team to win, parlays give you a chance to win more. The idea is that if multiple teams win, then the parlay will offer a greater payout than the individual bets would have won.

For example, say that there are 5 teams in a tournament. Each team has an odd of 1.5. If you bet in a single bet, you will win $15. But if you bet on a parlay, you will $76. But even if one team loses, your bet is wiped out.

Understand Props

Common sports bets are described as Moneyline, point spreads and over/under. Props are very different from the three mentioned above and can be described as niche sports bets.

Props may include:

Messi over/under 3.5 assists

Ryan Cowel to score the first goal +12

Many sportsbooks offer a wide range of props for every game, each with specific odds and pricing. If you know props, they are a great place to get started with sports betting.

Shop for the best line

Lines determine how much money you are likely to win from betting. That is why searching for markets that offer the best lines is crucial. For instance, one sportsbook may have Texas -10 while another has -8. The difference may seem small, but it will increase the odds of winning big.

Know where to place a bet

There are many sportsbooks out there. But not all are equal. Some are legit, and others are rogue. It is recommended to choose legalized sports betting bookmakers that promote responsible gambling. Also, ensure the sportsbook has a positive review from players who have used it. Most importantly, check the variety of games and the type of markets available. BetMGM, PointsBet, and Caesars are some of the best sportsbooks to try.

FAQs

How can I bet on sports online?

Create an account with your preferred sportsbook, deposit funds, select your game and place a bet.

Can I gamble safely?

Yes. You can wager safely by selecting a licensed and secured bookmaker. Also, check customers’ reviews online for your complete safety.

Is sports betting legal?

Yes. Sports betting is legal in the USA. That means you can place wagers online without any issues.

Can I make money from sports betting?

Absolutely yes. You can earn money from sports betting. But you need proper research and correct predictions. Also, you should manage your bankroll carefully.

Why is my bet canceled?

Your bet might be canceled because of accidental odds. Or your bet was deemed suspicious, which happens rarely. Sometimes it can be canceled because you constructed the parlay improperly.

Why can’t I access my sportsbook?

There are various reasons why you can’t access your sportsbook. In many cases, you are betting outside your bookmaker’s legal jurisdiction. Sometimes the sportsbook is under maintenance.

What are betting odds?

Betting odds are a measure of the likelihood of a particular outcome. They are used to indicate the side is a favorite or an underdog.

Which sport is the best to bet on?

There are particular sports that are easy to bet on. It depends on your ability to make the correct prediction.