Read this how to bet on sports guide before making your bet prediction, and make a wiser decision when you place a wager!
How to Bet on Sports Learning Guide:
This is what you’ll learn in this how to bet on sports easy guide:
- Betting types
- Betting biases
- Best betting guides
- Where to bet: Best USA and offshore sportsbooks
- Bitcoin sports betting
- Pros & cons of the bettor’s lifestyle
How to Bet on Sports: Betting Types
What if you could learn to wager and actually cash in on your wagering action? It all starts with the basics, and so the first step to learning how to bet on sports is to get familiarized with the different sports betting types:
Straight Bet or SU:
Let’s start this section of our how to bet on sports guide on betting types by explaining what straight bets are.
If you’re new to wagering, you should focus on this betting type before putting your eyes on more fancy, lucrative-looking bets. Plus, most seasoned professional bettors place straight up bets almost exclusively.
This is a simple wager that pays 11/10. For example, if you bet $110 on the Bucs and win, you’ll get paid your original $110, plus an extra $100 in profits for a total of $220.
Let’s continue this how to bet on sports guide with info on betting NFL point spreads.
The spread line is how bookies create balance between good and bad teams. Let’s say the Chiefs are playing the Bengals, and next to the KC you see a negative number that reads -7, and a positive number next to Cincinnati that reads +7.
This means that the Bengals, the worst of the two franchises, is getting a 7-point advantage while the Chiefs are starting the game with negative 7 points.
So, if Kansas City wins, but by less than 7 points, you lose your bet. And, if the Bengals lose, but by no more than 7 points, you win your bet.
Over/Under, or Total:
Now in our how to bet on sports guide, let’s talk about totals.
Here you’re placing a bet on the combined score of the two teams at the end of the game. And, all you need to do is to pick one of the two sides, either the over or the under the specified total.
Let’s say there’s an NBA game that reads 230 total. So, all you need to do is to decide whether there will be more or less than 230 combined points or not.
In this how to bet on sports guide we also have info on betting the money line.
If you don’t want to bet using the advantage that you get with the spread, you can also place a wager just to win. If you like the favorite, you will need to risk a lot to win a little because it’s more or less a safe wager.
And, if you bet on the underdog, you will win a lot by risking less cash, because you’re taking a bigger risk with the less talented team.
Now in our how to bet on sports guide, let’s see why parlays are a betting public favorite.
The parlay is a combination of different bet predictions into a single large bet. A parlay pays a lot because they are tough to win. For example, you can combine 10 different wagering selections, with total odds to win of 850/1.
If you bet $10, you can win nearly $10,000. If you want to make money betting avoid parlays as they considered fool’s gold at best by pro bettors. With that said, if you want to bet parlays, try to stick to two-team parlays, and try to never go beyond that because the more teams, the worst the odds.
It’s time in our how to bet on sports quick and easy guide to explain what teasers are.
A teaser allows you to buy points, making the spread line more attractive for you, but with less attractive odds.
For example, the 6-point teaser is quite effective when wagering NFL games as most games are usually tight, and six points can really make the difference. So, if you know how and where to find value, teasers can be very profitable.
How to Bet on Sports: Online Sports Betting Tips
We thank you for choosing to learn how to bet on sports with us. Once you learn how to place a bet, you’ll be the one in command, with the power to win your bets on NFL points spreads.
Here are some quick and easy online sports betting tips to get you started:
How to Bet on Sports Tip #1: Learn To Manage Your Bankroll
Learning how to bet on sports involves managing your sports betting bankroll properly.
And knowing how much you can lose without getting in financial trouble is one of the secrets of the best bettors in the world.
This means that you need to know exactly how much you afford to lose.
You can work with a bankroll per NFL week, for the full season.
For example, you can put aside $3,000 for the full NFL year. And, it’s important that you don’t use more than 2-5% of your bankroll for each wager you place. For the bankroll set above, you can afford to make bets within the $60 to $150 range.
So, you can place 2% small bets, and 5% larger bets. One of the big mistakes many bettors make is to start increasing the size of their bets as they start perceiving some earnings.
And this is also true of the player that start chasing losses with larger bets than they can’t afford.
Remember that the season is long, and you need to remain smart to finish with a profit. So, be very careful with each bet you make, and you’ll end up with your numbers in the blue after the Super Bowl.
How to Bet on Sports Tip #2: Look For Edges
A lot of newbie bettors make the mistake of playing every single NFL game for the week, and this can lead to disaster. If you want to win long term, be different.
Instead of making a bet on everything, try to find wagering edges, and cash big on those. Some weeks you will make from two to four bets, while others you will be making as many as six.
Be careful with each bet you place, and avoid getting action just to make a given game more exciting.
How to Bet on Sports Tip #3: Do Some Line Shopping
If you wish to learn how to bet on sports, this is for you. Sure, to watch a game and put a small bet on it adds excitement to the whole experience. But, if you wish to make money over a full season, you need to get your hands dirty and do some “line shopping.”
This involves visiting different sportsbooks, and checking the lines they’re offering on the same NFL game. Go ahead and sign up with three to four bookmaking companies, compare their NFL betting lines, and place your bets using the tips above. Don’t forget to check out our NFL Football Playoff Schedule.
How to Bet on Sports: Online Sports Betting
Now you can bet from the convenience of your own phone, tablet, or laptop. Just go online, check out some good options, select a good sportsbook, sign up, make a deposit, and you’re set!
You’re basically betting against your own balance. If you run out of money, you can fund your account back again with cash. Or, you can also request credit from the sportsbook or the bookie.
How to Bet on Sports: The Sportsbook
The sportsbook or bookie is the one that offers you a menu of wagers they’re willing to book.
Now, if you don’t see a particular bet that you want to make stated in the wagering board, you can request a special line to be created for you. If the odds are fair, and the sportsbook sees a good chance to make money, they will set the special betting line for you.
If you live within the USA, now there are more than eleven states that allow legal wagering. Some of these establishments count with brick and mortar locations, plus a website for online sports betting.
The best of the bunch also have their own sports betting apps, allowing their clients to bet faster with their mobile phones.
And, offshore sportsbooks and local pay per head bookies will take your bet regardless of where you are located.
US-Based vs Offshore Sportsbooks
Here’s some information related to the differences between US-based, and offshore bookmakers.
Online US Sportsbooks
The legal sports betting boom started exploding within the United States in 2018 when the Supreme Court removed the federal ban on gambling.
Since then, a lot of states, including New Jersey, Pennsylvania, Indiana, and Tennessee have made it possible for their citizens to enjoy legal sports betting in the US.
Offshore Sportsbooks or AG
These sportsbooks have existed since the early 2000s and operate under legal overseas jurisdictions. Lately, all of them operate under the .UG domain umbrella. They will take your action regardless of where you live.
The Pay Per Head Model
If you bet with your local bookie, but you use a website or have access to a call center, chances are that you’re using a pay per head service.
A per head company allows bookies to count with access to call center and website solutions for their bettors for a fixed weekly price per active client. Check below for more info!
How to Bet on Sports: 3 Biggest Betting Biases:
When it comes to betting, it’s convenient to about biases. Now in our how to bet on sports guide, the top 3 biases you should avoid when placing bets:
1. Recency Bias
The first bias we’ll talk about in this how to bet sports guide is the recency bias.
This is when you fixate on a game outcome due to past results. For example, the Steelers are visiting the Jets after winning three straight at home, and so you believe they’re on their way to defeat NY.
But then, the Jets have a great day and defeat Pittsburgh. The lesson? Never focus on previous results, and always check the stats, and place your bets based on the facts related to the actual game.
2. Confirmation Bias
The second bias we’ll explain in this how to bet on sports guide is the confirmation bias.
This one is similar, but broader. Confirmation bias is not just about the latest results, but about the overall belief of the bettor about certain team.
For example, if a player has a fixated opinion about the Jaguars, he will start quoting “facts” that supports his subjective opinion.
3. Outcome Bias
Now in our how to bet on sports guide let’s talk about the outcome bias.
Sports betting it’s all about final scores. But, those scores don’t take into account what actually happened in the game. For example, many games are evenly matched towards the end, and then a couple of plays define the game for one of the two teams.
So, even though one team got the victory, the two teams were visibly similar in talent, and it’s not rare that the losing team on this one will be the victorious one in the next game.
So, an outcome really doesn’t tell you how good a team compared to the other is just based on based results. Again, forget about trends, and always check the stats for the actual game.
How to Bet on Sports: 2 Easy Sports Betting Guides
The learning curve doesn’t have to be a tedious one for you. Learn how to bet on sports now easily just by reading these 2 guides:
How to Bet on Sports: Online Sports Betting
Now in our how to bet on sports guide, let’s learn about online sports betting. Click image for a full guide!
How to Bet on Sports: Most Popular USA Sportbooks
In our how to bet on sports guide we also show you where you can actually place a bet in the United States.
According to a recent study, a little less than 50% of individuals older than 18 in the USA have placed a sports wager at least once. Now, when it comes to where to bet in the United States, these are the most commonly used sports betting services in the United States as of July 2020:
- DraftKings: 50%
- FanDuel: 45%
- Barstool Bets: 15%
- Action Network: 15%
- William Hill: 13%
Check out a full list of the legal USA sportsbooks, and also verify if your favorite offshore bookie is part of the list of broadly approved sites.
Find out where you can bet on sports in the US. Check out our complete list of legal U.S. sportsbooks, both online as well as retail. Source: Legal U.S. Sportsbooks – Online & Retail Sports Betting Sites READ: Online Sports Betting
If you’re looking for a trustworthy offshore sportsbook option, both SBR and OSGA are great sources of info. Here are their separated lists of the best offshore sportsbooks for 2021. Sportsbook Review | Source: Best Online Sportsbooks for 2021 | Top US Sportsbooks by SBR OSGA | Source: […]
How to Bet on Sports: Bitcoin Sports Betting
Right now, most offshore sportsbooks are turning their eyes almost completely to bitcoin, and this might be the only way to pay for offshore bookmaking services in the near future.
So, next in our how to bet on sports guide, it’s time to get familiarized with cryptocurrencies and their advantages to bet offshore. Click image for a full guide!
How to Bet on Sports: Pros & Cons of Becoming A Bettor
It’s time in this how to bet on sports guide to let you know what the possible pros and cons of becoming a sports betting player.
Are you ready to start enjoying the sports bettor lifestyle? If you dream to become a pro sports bettor, here’s a quick glimpse at what you can expect, the pros and cons of this particular lifestyle:
How to Bet on Sports: Pros
First in our how to bet on sports guide, let’s analyze the pros:
- Freedom: You will have no boss!. You won’t either need to show yourself at an office from 9 to 5. Instead, you can make your own schedule, and your laptop and cellphone will basically become the only two pieces of equipment you’ll need.
- Satisfaction: Beating a bookie at his own game is probably one of the most rewarding feelings for a player.
- Profits: Once you learn how sports betting works, you’ll be ready to start cashing in with your action. But part of that new knowledge involves knowing that building your own wagering wealth will take time. Just stick to your preferred system, and soon your bank account numbers will be tremendously positive.
How to Bet on Sports: Cons
Next in our how to bet on sports guide, let’s analyze the cons:
- Insecurity: If you want to take sports betting as your number one profession, just remember that there will be no monthly payslip waiting for you. In other words, as your own boss, you also make your own rules, and those involve how much time you want to put into wagering, and how much you want to actually make with your betting action.
- Money: You’ll need some cash to get started fast as that will allow you to make more profitable wagers. But don’t worry if you don’t have it, as becoming a pro it’s all about placing smart bets, and long-term is where you should aim if you don’t count with a considerable starting bankroll.
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