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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.
To win at sports betting, an individual has to put time into studying and researching various aspects of a matchup. While turning a positive in sports betting is possible, it’s not easy if you want to do it on a consistent basis. Before starting, a bettor should know the. Typically a sports book will list 30 or more individual golfers along with a field (all others) option, at various odds. For example, Tiger Woods may be listed at 2-1, Tom Lehman at 25-1, Bob May at 100-1, etc. If you bet $10 on Lehman at 25-1 and he goes on to win the tournament, you win $250 plus your $10 back, for a total payoff of $260. How to Win at Sports Betting. With Sportsinsight’s betting trends feature identifying the right games becomes a piece of cake. Share this article. Sports Betting; How one can Win at Sports activities Betting. Leah Bailey - March 6, 2021. Would you like to learn how to be successful at sports betting? Support software that offers real-time odds, betting trends, and a number of other tools might just be what you need.
You bet the Cowboys and your buddy bet the Redskins, a total of $220 bet. The sportsbook has to pay back $210 to the winner, leaving a nice $10 profit no matter what happens on the football field. That $10 built-in profit is called the vigorish, and it’s the final monkey wrench in the gears of sports betting.
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.
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. Tonk card game tricks. 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.
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 $600 risk free bet 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
—VISIT BETMGM.COM FOR TERMS AND CONDITIONS. MUST BE 21+. WV, CO, NJ OR IN ONLY. GAMBLING PROBLEM? IN NJ CALL 1-800-GAMBLER, IN WV VISIT WWW.1800GAMBLER.NET, OR IN INDIANA CALL 1-800-9-WITH-IT OR IN CO CALL 1-800-522-4700
The BroBible team writes about products and services that we think you want. Occasionally, we write about items that are a part of one of our affiliate partnerships and we will get a percentage of the revenue from sales.
To win at sports betting, an individual has to put time into studying and researching various aspects of a matchup.
While turning a positive in sports betting is possible, it’s not easy if you want to do it on a consistent basis. Before starting, a bettor should know the majority of terms used within the sports betting world. From there, research begins which could involve studying team trends, looking at odds or shopping around for the best lines.
To be a successful bettor, one doesn’t simply win a few bets from a guess and continue to win. There’s a reason sports betting is a big business and states turn a profit of millions. It’s worth remembering that only a small percentage of sports bettors are profitable in the long run.Set a Bankroll
This may be the most important step because if you don’t know how much money you’re comfortable losing, things could get out of hand. It’s usually easiest to start your bankroll with a round number like $100 or $1,000. If you quickly lose that $100 or $1,000, it may be best to take a break before jumping back in, though if you make bets based on units, your money should last a decent amount of time.Study, Study, Study
If you want to win on your own terms, it will take time. Looking at simple numbers like home/away and against-the-spread records is the first step, but there’s always another level to dive into. In baseball, you can examine batter vs. pitcher matchups and the same goes for coaching matchups in football. In basketball, you can compare efficiency numbers or look at each team’s pace. The number of stats to study is endless, but finding the most important ones is the key distinction to being a successful bettor.Sports Gambling JobsShopping Odds
Once you have a preferred side, you can look around to see which sportsbook has the best odds for your bet. If you really like the Buffalo Bills and think they can beat the New England Patriots as an underdog, most sportsbooks will have different numbers. For example, your favorite site could have +200 odds as an underdog, but another one may have +220 odds. At that point, you have to decide if it’s worth it to bet at the other sportsbook in order to get better odds.
Another example is if the Bills are a +6.5 underdog at one site and +7 at another, both with -110 odds. It’s clear the site with +7 and -110 is the better bet, but only if you’re comfortable having money at numerous sportsbooks.Don’t Trust Touts
Some will be swayed by sports betting touts and handicappers, but paying for a service likely means you have to win a bigger portion of your bets. Sports betting is already difficult in order to come out in the positive as you have to hit roughly 52.4% of bets. Throw in the extra few dollars spent on a tout service and that percentage can rise to 55 or even higher, assuming you want to win something.Sports Gambling Virginia
You could win at sports betting by using a service, but there’s no guarantee the service will be profitable. If you want to put in the time, an individual can study as much as he or she wants and make bets based on those calculations. Every stat you research isn’t going to help, but that’s the fun in betting.
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