How to Bet on Sports: An Informative Guide for Beginners
About 18% of Americans say they bet on sports at least once a month. Sports betting is becoming mainstream as states legalize it.
It’s a great way to enhance the entertainment value of watching sports because you have something at stake.
If you’re just getting into sports betting, there’s a lot to learn. Even professional sports bettors don’t win every bet. A 55% win rate is exceptional.
What are the best sports betting tips that beginners can use? Read this guide to sports betting for beginners.
1. Learn to Read Sports Odds
Sports odds might look funny at first, but you’ll get the hang of it before you know it. Sports bets are usually presented as money line bets.
The favorite gets listed with a minus sign and a number. The number is the amount you have to bet to win $100.
The underdog has a plus sign with a number. The number represents the amount you’d win if you bet $100.
Football bets often have point spreads. A point spread is a way to even up games. Points get added to an underdog’s score. If you bet on the underdog and they lose by 15 points, but the point spread is 16, you win the bet.
Learning to read the sports odds for different sports makes the difference in your ability to place smart bets.
2. Set a Bankroll
Your bankroll is your betting budget. Discipline is a big part of sports betting. You don’t want to lose your grocery money because you thought the Eagles would beat the point spread.
Deposit money into your sports betting account once a month. That’s your monthly budget, so bet wisely.
3. Pick a Sports Betting Strategy
Money line bets are great for beginners because you pick a team to win. It’s a simple bet. You can always bet on the favorite and make a little money with each bet.
As you start to learn more about sports betting, you’ll be able to spot value bets. These are bets that can make a lot of money if you win.
4. Find a Sports Betting Site
How can you find the best sports betting site? Look for a site that’s legal in your state.
Compare deposit offers and odds. See what kind of bets they have available. You might want to expand into future bets and other exotic bets.
5. Research Before Betting
Don’t place sports bets based on a random fact or uniform color. If you want to win money at sports betting, do your research.
Find out how teams really stack up against each other. Some sites list bets of the day, which tells you the probability of a winning bet. Use this as part of your strategy to validate your bets.
Sports Betting for Beginners
This guide walked you through the basics of sports betting for beginners. Follow them and you’ll start winning in no time.
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