- Feb 03, 2021 Super Bowl Betting Guide For Beginners. Written By: Travis Pulver Published: Feb 3, 2021. Gaming Today has been publishing independent sports betting news since 1976! US Sports Betting.
- How to Bet on Sports for Beginners: 12 Tips to Know. When the oddsmakers release a betting line on a game, the first thing they do is decide which team should be the favorite. Over/Unders (Totals) 5. What Is the -110 Number Listed Next to.
The Comprehensive Beginner’s Guide to Sports Betting Anyone has the potential to be a sharp sports bettor with the right info. That’s why SBD put all the fundamentals into our introductory series for new bettors: Sports Betting 101.
Ever walk into a casino sports book and feel like you’re looking at the mission control of an alien spaceship? It can be an overwhelming experience as a first-time bettor, especially if you don’t know what the numbers on the digital boards mean. All you know is that you’re confident this team is going to beat that team and you’d like to lay down some money on it.
Well, that’s called betting the moneyline.
Like any hobby, sports betting is one of those activities with its own language, set of best practices, and house rules. Rookies have to learn what all of this entails, often from a friend who is already confident in their knowledge. Once you learn a handful of sports betting tips for beginners, you’ll feel confident placing a bet on a legal sports gambling app like the one from BetMGM or strolling up to a cashier to wager on a game or team you like.
Similar to our guide to NFL betting tips, we wanted to put together a little piece that explains some of the basic things you need to know about sports betting before putting your hard earned cash on a game.
Sports Betting For Dummies Pdf
How does a spread work?
In games like football and basketball you’ll see two teams listed. For example, on opening night of the NFL season this year, the Kansas City Chiefs are -9.5 vs the Houston Texans. What this means, is that if you want to bet the Chiefs, they need to beat the Texans by 10 points or more in order for you to win. If the Chiefs win by 7, then you didn’t “cover the spread” and that would be a loss. On the opposite side, you can bet the Texans +9.5, which means you would win if the Texans lose by 9 points or less, or win the game outright.
What’s a moneyline bet?
In baseball, you will see bets like this: New York Yankees -200 vs Toronto Blue Jays +175. What this means is that you are betting the moneyline, which is just betting a team to straight up win. However, the more likely a team is to win, the more expensive the bet is. In this example, you need to put up $200 to win $100 on the Yankees. But if you bet $100 on the Blue Jays in this bet, and they win, you will win $175. Betting favorites on the moneyline can be expensive!
What is the “juice”?
When you bet a game with a spread, you’ll notice that most of your bets will say -110 or -120. That means that you need to risk $110 in order to win $100. This is called the “juice” or the “vig”. This is essentially how the casinos make their money.
How To Do Sports Betting
What’s a parlay bet?
A parlay is a bet where you group together a bunch of bets, but must win all of them in order to cash the ticket. These bets can be fun, and depending how many bets you put in, can offer a huge payoff with very little cash to risk. Below is a table that shows general odds on parlays if you are betting regular -110 spreads. This chart is based on risking $100. Remember though, while four teams may hit for you in your five team parlay, that one loss makes the entire bet a loser. So choose carefully!
Have multiple places to bet
The odds on bets are not necessarily the same from sportsbook to sportsbook. The Chiefs in the example above may be a 9.5 point favorite on one book, but only a 9 point favorite on the other. That’s a pretty important thing, as if you bet the Chiefs -9.5 and they win by 9, you lose your bet. But if you bet them at the other book at -9, then you would have pushed, and gotten your money back. Always look at multiple sites and get the best line possible!
Stay within your means
We are betting on these games to be entertained. If you go on a losing streak, it happens to everyone. Don’t get out of control and start doubling up, trying to get your losses back. Bet the games to have some extra fun, but don’t go over your head!
Where should I bet?
Find reputable books to bet on, ones that are approved by your state. The great thing about these books, is they are always looking to get new customers, and offer some great promotions – like this $500 deposit match from BetMGM! Before signing up, make sure you do a quick google search on that specific site, there are usually some great deposit bonuses available that will get you some extra money to place on some bets
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By Staff Writer
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If you are new to sports betting and are looking for tips on how to begin, this is your guide. Over time, sports betting has evolved to online platforms like Betway, unlike in the past, where punters had to visit bookmakers physically. In this guide, you might not find everything you need to understand to begin. However, you’ll learn enough to get you started.
Tip 1 – Have a Budget
Before you do anything else, determine the amount of money you are willing to risk. Once you know the funds available for sports betting, develop a plan. It could be a weekly or monthly financial plan. Then, ensure you follow it strictly.
When you’re beginning, you’re likely to lose more than win, therefore only stake money you’re comfortable losing. It would be smart to begin with a minimal budget, even if you have more money at your disposal.
After selecting a reasonable amount, decide how much you’ll stake per bet. You can start by wagering like 2% of the overall budget.
Tip 2 – Settle on What You’ll Bet On
In the past, gamblers could only bet on mainstream sports activities. But, today, you can literally bet on every sport event. Online betting platforms like Betway offer markets on almost all sports played professionally. You can also bet on all the tournaments, leagues, and competitions.
However, you cannot bet on all the sports. You need to decide on the sports you’ll focus on. Make this choice before you begin placing your bets. It would be best to bet on sports you are a fan of. Also, select a sport that has plenty of betting opportunities and is available throughout the year.
Tip 3- Choose a Betting Site
You can place your bets in different ways. However, doing it online is the easiest way. There are many online betting platforms available, but you have to select the one you’ll use. Choose credible sites because you’ll be staking with real cash.
Join a platform that has been in operation for some time and has a good reputation. You can compare the odds among the best sites and settle for the one that offers the best odds.
Tip 4- Familiarize Yourself with the Odds
In sports betting odds play a significant role. As you grow in the venture, you’ll want to grasp everything about odds. First, understand the three formats in which odds are presented: decimal, Moneyline, and fractional. Decimal is the prevalent form on online platforms like Betway.
Learn how to use the odds to calculate implied probability. Also, find out how sportsbooks utilize them to their benefit.
Tip 5 – Study the Simple Wagers
You can select from several sports wagers. It would help if you weren’t under pressure to master them all in the beginning. As a beginner, it would be best to start with the simple bets.
Tips For Sports Betting
Some of the simple bets include the Moneyline bet, points spread, and totals bets. Familiarize yourself with these simple bets then grow gradually from there.
Beginners Guide To Sports Betting Sites
Bottom Line
Beginner's Guide To Sports Betting
Sports betting can be a fun way of making money. As a beginner, don’t be in a hurry to make the quick buck. Take your time to learn the art, then select a reputable platform like Betway and get started. Start with simple objectives, and then adjust as you become more experienced.