Here is our easy and effective guide on how to bet on sports, divided into the 11 most important betting tips to help you attain success.
Online sports betting is now part of the mainstream, and using sports betting apps has turned into a regular activity during the last five years.
The long-standing taboo against online sports gambling swiftly vanished from American popular culture, creating the conditions for the vast, multibillion-dollar market of sports betting sites.
Millions of sports fans will be looking to enter the betting industry for the first time now, and giving offshore online sportsbooks a try is the best way to go.
So, where do you start?
How to Bet on Sports Online
Learning how to bet on sports online is easy. There are many different sports betting sites and apps available, so you can find one that meets your needs.
Betting on sports online is a great way to enjoy your favorite games and potentially win some money. However, it is important to do your research and choose the right sportsbook before you start placing bets.
Opening Different Accounts
There are many different sportsbooks available online, and it can be a good idea to open accounts with multiple sportsbooks. This will give you more options and allow you to compare odds and bonuses.
When opening accounts with different sportsbooks, be sure to use different email addresses and passwords. This will help protect your account information in case one of the sportsbooks is hacked.
Tips for finding the right sportsbook
Now in our How to Bet on Sports guide, let’s talk about how to find the right sportsbook:L
- Read reviews. There are many websites that offer reviews of sportsbooks. These reviews can help you get an idea of the different sportsbooks available and their pros and cons.
- Compare odds. Not all sportsbooks offer the same odds. Be sure to compare the odds offered by different sportsbooks before you place a bet.
- Consider your deposit methods. Some sportsbooks only accept certain deposit methods. Make sure to choose a sportsbook that accepts a method that is convenient for you.
- Look for bonuses. Many sportsbooks offer sign-up bonuses or other promotions. Be sure to take advantage of these bonuses to maximize your chances of winning.
Once you have found a sportsbook that you like, you will need to create an account. This process is usually quick and easy. You will need to provide some basic information, such as your name, email address, and date of birth.
After you have created an account, you will need to make a deposit. This is the money that you will use to place bets. Most sportsbooks accept a variety of deposit methods, such as credit cards, debit cards, and e-wallets.
Now that you have an account and have made a deposit, you are ready to start placing bets. Be sure to read the terms and conditions of the bets carefully before you place them.
Additional tips for betting on sports online
Next in our how to bet on sports guide, let’s check out some additional tips that can come in handy:
- Do your research. Before you place a bet, be sure to do your research and learn as much as you can about the teams or players involved. This will help you make more informed decisions.
- Set a budget. It is important to set a budget and stick to it. Don’t bet more money than you can afford to lose.
- Be patient. Don’t expect to win every bet. Even the best bettors lose money sometimes.
- Have fun! Betting on sports should be enjoyable. If you’re not having fun, you’re more likely to make bad decisions.
Searching for the Best Bonuses
A How to Bet on Sports guide is not complete without information on how to find the best sportsbook bonuses.
Many sportsbooks offer sign-up bonuses or other promotions. These bonuses can be a great way to get started betting on sports online.
When searching for the best bonuses, be sure to read the terms and conditions carefully. Some bonuses have wagering requirements, which means that you will need to play through the bonus amount a certain number of times before you can withdraw any winnings.
It is also important to note that bonuses are not always free money. Some bonuses come with fees or other restrictions. Be sure to understand the terms and conditions before you claim a bonus.
By following these tips, you can find the right sportsbook for you and start betting on sports online. Just remember to do your research, set a budget, and have fun!.
How to Bet on Sports: Betting for Novices, 11 Tips
Here are 11 things that every new sports bettor needs to know related to how to bet on sports:
How to Bet on Sports: 1. Favorites versus Underdogs
Learning How to Bet on sports can be a fun and exciting way to add to the excitement of watching your favorite teams compete. But before you start placing bets, it’s important to understand the basics of favorites and underdogs.
Favorites are the teams or players that are expected to win the game. They are given shorter odds, which means that you will need to wager more money to win the same amount of money.
Underdogs are the teams or players that are not expected to win the game. They are given longer odds, which means that you can win more money by betting on them.
So, should you bet on favorites or underdogs? It depends on your risk tolerance and your betting strategy. If you are looking to make a safe bet, then betting on favorites is the way to go. However, you won’t win as much money if the favorite wins.
If you are willing to take on more risk, then betting on underdogs can be a good way to make a larger profit. However, you also have a higher chance of losing your money.
Tips for betting on both favorites and underdogs
- Do your research. Before you place any bets, take some time to research the teams or players involved. This includes looking at their recent form, injuries, and head-to-head matchups.
- Consider the odds. The odds will give you an indication of how likely each team or player is to win. If the odds are close, then it’s a toss-up. But if the odds are heavily in favor of one team or player, then they are the favorite.
- Set a budget. Before you start betting, decide how much money you are willing to lose. This will help you avoid overspending and getting into financial trouble.
- Be patient. Don’t expect to win every bet. Even the best bettors lose money sometimes. So, be patient and don’t get discouraged if you lose a few bets.
Factors to consider when deciding whether to bet on a favorite or an underdog:
- The teams’ or players’ recent form.
- The teams’ or players’ injuries.
- The teams’ or players’ head-to-head matchups.
- The odds.
- Your own personal betting strategy.
Betting on Favorites
If you are betting on favorites, there are a few things you can do to improve your chances of winning:
- Do your research. Make sure you know as much as you can about the teams or players involved.
- Bet on teams or players that are in good form.
- Avoid betting on teams or players that are injured.
- Consider the odds. Only bet on favorites if the odds are good.
- Set a budget and stick to it. Don’t bet more money than you can afford to lose.
Betting on Underdogs
If you are betting on underdogs, there are a few things you can do to improve your chances of winning:
- Look for underdogs that are playing at home.
- Look for underdogs that are coming off a win.
- Look for underdogs that are facing an injured team or player.
- Consider the odds. Only bet on underdogs if the odds are very good.
- Be patient. Don’t expect to win every bet. Even the best bettors lose money sometimes.
Betting on sports can be a fun and exciting way to add to the excitement of watching your favorite teams compete. However, it’s important to understand the risks involved and to bet responsibly. By following the tips in this article, you can improve your chances of winning and have a more enjoyable experience.
The line at YouWager.lv looks like this:
In this case, the Super Bowl odds show the Eagles as -1.5 favorites to get the victory while the Chiefs are +1.5 underdogs to win the game.
Books will label the game as a “pick” or “pick’em” if it truly is a 50/50 toss-up.
How to Bet on Sports: 2. What Does the Number -110 Next to My Bet Mean?
Next in our how to bet on sports guide, let’s see what the -110 next to your bet means. it can also be a figure such as -105 or another number.
With many bets, you might see two numbers: a spread, such as -4.5, and odds, such as -110, next to it.
- The spread is the amount by which your side must win to cover
- To wager on that spread, you must pay the -110 odds
Say you’re placing a wager at YouWager.lv on the Eagles:
- Given the -1.5 line, the Eagles must win by at least 2 points to cover your wager
- The juice is -105. In order to win $100 on that spread, you would have to wager $105, or $10.5 to win $10
NFL betting lines are typically -110 on both sides. However, the juice will change depending on the disparity in skill levels between the two teams for something like an MLB spread, where the line is nearly always -1.5 for the favorite and +1.5 for the underdog.
How to Bet on Sports: Betting Types
There are many different ways to bet on sports. Some of the most popular betting types include:
- Moneyline bets are bets on the outcome of a game. The team or player that is favored to win will have shorter odds, while the team or player that is not favored to win will have longer odds.
- Spread bets are bets on the margin of victory in a game. The favorite will be assigned a point spread, which is the number of points they must win by in order for the bet to be a winner. The underdog will be assigned a negative point spread, which means they must win the game by more than the number of points indicated in the spread in order for the bet to be a winner.
- Totals bets are bets on the total number of points scored in a game. The sportsbook will set a line for the total number of points, and you can bet on whether the total will be over or under that number.
- Parlays are bets that combine multiple bets into one. A parlay bet will only win if all of the bets in the parlay win. This means that the odds of winning a parlay are lower, but the payout is also much higher.
- Teasers are similar to parlays, but they allow you to move the point spread or total in your favor. This means that the odds of winning a teaser are higher, but the payout is also lower.
- Prop bets are bets on specific events or outcomes that may or may not happen during a game. Prop bets can be on anything from the number of passing yards a quarterback will have to whether or not a player will score a touchdown.
Let’s continue our how to bet on sports guide by expanding on the different betting types:
Now in our how to bet on sports guide, let’s talk about spread betting.
You can wager on a favorite or an underdog on the margin of victory. An example from YouWager.lv will be used here:
In Week 1, the Eagles are a -4.5 favorite over the Lions. As a result, anyone placing a wager on Philadelphia must expect the Eagles to win by at least five points. Any wagers on Detroit require the Lions to either win or lose by less than five.
For team talent and a variety of other considerations, point spreads are modified. Although spreads are available in all sports, they are particularly popular in high-scoring ones like football and basketball.
Let’s continue this how to bet on sports guide with information on the moneyline.
The moneyline is the second option to wager on a favorite or an underdog. A moneyline bet employs American odds to determine the payout and only requires you to select the game’s winner.
In America, the odds are primarily based on earning $100.
Therefore, if you bet on a favorite who is a -200 underdog, you must risk $200 to win $100, or any percentage of that amount, such as $20 to win $10, $2 to win $1, etc.
If you wager on an underdog (+200), you will receive a return on your investment of two times your stake ($100 to win $200, $10 to win $20, $1 to win $2, etc.).
Example: Eagles-Chiefs. The Eagles are considered to be a slightly stronger squad by oddsmakers. Consequently, you must take a risk if you bet on Philly simply to win the game.
The Eagles are -375, which indicates that you must wager $375 in order to win $100 or $37.50 in order to win $10.
Kansas City is +300. You’ll win $300 if you wager $100. You may also win $15 if you wager $5.
All sports have moneylines available to wager on, although lower-scoring games like baseball, hockey, and soccer are the most common ones.
5. Over/Unders (Totals)
The total amount of points scored by both sides in a game will also be determined by oddsmakers in addition to lines for the favorite and underdog. The total or over/under is for this.
Then, bettors can place a wager on whether the total will be exceeded or not in the game. You’re not attempting to estimate the exact result (though that bet is available, too).
The total for Eagles-Chiefs is 50.5, which is around normal for an NFL game.
- You need 51+ points to win if you bet the over
- 50 points or fewer are required if you wager on the under
- Bets are reimbursed if it exactly lands on the number, which is considered a push
There are many different types of bets that use the over/under principle:
- Over or under Tom Brady’s throwing yardage of 295.5
- LeBron James has more than 7.5 assists
- Yankees over 93.5 victories
Next in this how to bet on sports guide, let’s talk about parlays.
A parlay is a sort of wager in which two or more bets are combined into one wager with a higher reward, but all the wagers must succeed.
You can place a single $10 wager that will pay out more if all teams win, as opposed to placing three $10 wagers on separate games. But you forfeit your $10 if even one loses.
Depending on the number and cost of the bets you include, different payouts will result.
This MLB parlay with the Marlins -134, Mariners +114, and Mets -220 pays +443.
Same-game parlays are extremely common for stand-alone NBA and NFL games.
For most people, betting on spreads and totals is no longer sufficient.
Any wager that is not a typical point spread, moneyline, or total is considered a prop bet.
However, when individuals discuss props, they frequently mean player props like:
- Over or under Steph Curry’s 5.5 assists
- Over or under 7.5 strikeouts for Max Scherzer
- Derrick Henry is the first TD favorite at +500
With props, you frequently have to pay the associated cost, just like with point spreads.
In this instance, Scherzer had 7.5 strikeouts against the Reds. YouWager’s lines, however, indicate that he will most likely go under, therefore betting the under is more expensive than betting the over.
Props are a wonderful place to start if you’re serious about betting on sports to make money.
The fact that U.S. sportsbooks provide hundreds of props on every game increases the attack surface because they are unable to price them all fairly. Even if you don’t develop your own statistical models, keeping track of particular props and learning how they are valued can offer you an advantage against bookmakers.
How to Bet on Sports: 8. Best Online Sportsbooks for Placing Bets
Now in our How to Bet on Sports guide, let’s talk about YouWager, and why this is the best place to get your wagering action on the web.
YouWager.lv is an online sportsbook that offers a wide variety of betting options, competitive odds, and a user-friendly interface. It is also a reputable and trustworthy sportsbook with a good track record of paying out winning bets.
Here are some of the reasons why YouWager.lv is the best online sportsbook for placing bets:
- Wide variety of betting options: YouWager.lv offers a wide variety of betting options, including moneylines, spreads, totals, prop bets, and live betting. This gives you the flexibility to bet on the games you want, in the way you want.
- Competitive odds: YouWager.lv offers competitive odds on all of its betting options. This means that you can get the best possible value for your bets.
- User-friendly interface: YouWager.lv has a user-friendly interface that makes it easy to place bets and track your progress.
- Reputable and trustworthy: YouWager.lv is a reputable and trustworthy sportsbook with a good track record of paying out winning bets.
- Excellent customer support: YouWager.lv has excellent customer support that is available 24/7. This means that you can get help with any problems you may have, at any time of day or night.
In addition to these reasons, YouWager.lv also offers a number of other benefits, such as:
- Sign-up bonus: YouWager.lv offers a sign-up bonus of up to $1000 for new customers. This is a great way to get started betting on sports online.
- Regular promotions: YouWager.lv offers regular promotions, such as free bets and reload bonuses. This is a great way to boost your bankroll and win more money.
- Live betting: YouWager.lv offers live betting, which allows you to place bets on games that are already in progress. This is a great way to take advantage of changing odds and win more money.
Overall, YouWager.lv is the best online sportsbook for placing bets. It offers a wide variety of betting options, competitive odds, a user-friendly interface, and excellent customer support. If you are looking for a reliable and trustworthy sportsbook to place your bets, YouWager.lv is the best choice.
Here are some additional things to consider when choosing an online sportsbook:
- Security: Make sure the sportsbook uses SSL encryption to protect your personal and financial information.
- License and regulation: Make sure the sportsbook is licensed and regulated by a reputable gambling authority.
- Payment methods: Make sure the sportsbook offers payment methods that are convenient for you.
- Customer support: Make sure the sportsbook has good customer support that is available 24/7.
Where may a wager be made, then? YouWager.lv is the place where you can get your betting action while having access to the best promos and player benefits. You can sign up for a free account, and your first crypto deposit will get you a 100% sign-up bonus. Click below:
How to Bet on Sports: 9. Purchase the Best Line
When learning how to Bet on Sports, it is important to purchase the best line possible. This means getting the best odds for your bet. The odds are determined by the sportsbook, and they can vary from one sportsbook to another.
There are a few ways to purchase the best line:
- Shop around. Compare the odds offered by different sportsbooks before you place your bet. You can use a website like Oddschecker to compare odds from different sportsbooks.
- Use a betting app. Many betting apps offer competitive odds, and they can make it easy to place bets on the go.
- Sign up for a new account. Many sportsbooks offer sign-up bonuses, which can give you a better deal on your bets.
Here are some tips for purchasing the best line:
- Be patient. Don’t rush into a bet just because you see a good line. Take your time and shop around to find the best possible odds.
- Don’t be afraid to switch sportsbooks. If you find that a particular sportsbook is not offering the best odds, don’t be afraid to switch to a different one.
- Use a betting tracker. A betting tracker can help you keep track of the odds offered by different sportsbooks. This can help you make sure that you are always getting the best possible deal.
By following these tips, you can increase your chances of getting the best line when betting on sports.
Other factors to consider when purchasing a line
In addition to the odds, there are other factors to consider when purchasing a line, such as:
- The liquidity of the market. This refers to the amount of money that is being bet on the game. A more liquid market means that there will be more available odds, and the odds will be more accurate.
A liquid market is important because it means that there is more competition between sportsbooks, which drives up the odds. This gives bettors more options and makes it easier to find the best line.
- The reputation of the sportsbook. Make sure to choose a sportsbook that is reputable and has a good track record of paying out winning bets.
The reputation of the sportsbook is important because it affects the likelihood of you getting paid if you win your bet. A reputable sportsbook will have a good track record of paying out winning bets, while a less reputable sportsbook may be more likely to try to avoid paying out.
- The terms and conditions of the bet. Make sure to read the terms and conditions of the bet carefully before you place it. This will help you understand what you are agreeing to, and it will help you avoid any surprises.
The terms and conditions of the bet can vary from one sportsbook to another. It is important to read them carefully so that you know what you are getting into. For example, some sportsbooks may have a maximum payout limit, while others may have a minimum bet requirement.
Here are some additional factors to consider when purchasing a line:
- Your own betting style. If you are a casual bettor, you may not need to worry about the liquidity of the market or the reputation of the sportsbook as much as a more serious bettor. However, it is still important to read the terms and conditions of the bet carefully.
- The type of bet you are placing. Some bets, such as prop bets, may have different odds than other bets, such as moneyline bets. It is important to understand the odds for the type of bet you are placing before you place it.
- The time of day. The odds can sometimes change throughout the day, so it is important to check the odds before you place your bet.
By considering all of these factors, you can increase your chances of getting the best line and winning your bets.
How to Bet on Sports: 10. List Your Advantages and Disadvantages
Last but not least, let’s talk about the advantages and disadvantages.
You need to be sure that you are monitoring your progress because this is not Monopoly money. The simplest way to accomplish that is using an app, which not only allows you to manage all of your wagers across almost every sport but also includes fantastic features like live bet cover probability and odds shopping.
And that’s useful because you can see your advantages and disadvantages before you start betting. Do you have more luck placing bets on the NBA than the NFL?
Do you do well with player props or over/under wagers? Knowing all of these is beneficial and can help you increase your profits.
How to Bet on Sports: 11. Bankroll Management
Let’s continue our how to bet on sports guide with information on bankroll management.
You need to have a plan as you begin your sports betting journey in addition to maintaining a cool, collected head when you bet and conducting your research. Establish your bankroll by deciding how much you wish to risk over the course of the season.
Decide how much of your bankroll you want to risk per game or per week—and keep to that amount if you want your bankroll to last. Because losing severely depletes your bankroll, don’t put too much into one game.
Don’t become cocky and increase your wagers the following week if you win. Don’t try to make up for losses the following week by placing larger wagers. Both possibilities are calamities waiting to happen.
Even the novice, regular bettor needs to think about their bankroll finances, even if they only bet on the Super Bowl once a year. These few small mathematical concepts will be helpful to anyone who wagers for an extended period of time.
Step 1: Calculating the Size of the Bankroll
The first step from this section of our how to bet on sports guide is to calculate the size of the bankroll.
Developing a thorough awareness of your financial status is probably the most significant component of bankroll management. The correct amount of financial investment in oneself can help to reduce gambling’s tendency toward emotion and, thus, many poor choices.
How much money can I afford to lose? is the first thing you should consider when deciding how much money to invest. Abort the operation as soon as possible if your response to that question is less than what you have invested.
This figure will vary greatly across bettors and is entirely dependent on your financial situation and level of risk tolerance. Don’t deposit $1,000 into your account if you have rent or a car payment to make with that money.
Instead, you should choose an amount from your savings that is both acceptable and one that you are willing to lose in the worst-case scenario. You may also choose to make a certain cash deposit every month, for example.
Step 2: Bet Sizing
The second step from this section of our how to bet on sports guide is bet sizing.
Determine the size of each of your individual wagers after you’ve determined your bankroll. You shouldn’t stake your entire $1,000 sportsbook investment on a single wager just because you made the initial investment.
Your prospective losses surpass your possible profits. A win would be ideal, a doubling up undesirable. Never overextend yourself to the point where a single loss, or a string of losses, is enough to empty your bank account.
Instead, pick a portion of your bankroll that you feel comfortable putting toward each wager. The three kinds of gamblers—risk-averse, risk-neutral, and risk-loving—relate to the preferred bet sizing methods of conservative, average, and aggressive, respectively.
A prudent bettor should generally stake 1% to 2% of their bankroll per bet, an average bettor 3%, and an aggressive bettor 4% to 5%. Your typical stake amount should fall between $10 and $20 if you use a conservative approach and have a bankroll of $1,000, for instance.
Step 3: Adjusting Risk And Bankroll
Last but not least in this section of our how to bet on sports guide, the third step.
Your bankroll will fluctuate as you place more bets. Any adjustment may be required if the size of the bankroll changes, which is undoubtedly for the better. What should you do if your bankroll increases to $1,500 if you started with $1,000 with an aggressive strategy, playing $50 every wager?
The first thing you can do is make no changes. With those $50 wagers, you can aspire to keep winning. The more money you win, though, those $50 wagers would represent a less and smaller amount of your bankroll.
As a result, your risk management approach would change from aggressive to average if you continued placing $50 bets once your bankroll hit $1,500.
You can adjust your bet sizing whenever your bankroll changes to prevent this result. If you wanted to keep the previous example’s 5% stake amount, you would increase your regular bet from $50 to $75.
Recalculating your wager size after each win or loss may sound a little monotonous, and it is. Most gamblers prefer to adjust their bankroll on a regular basis, possibly once per month.
Withdrawing money is a third choice. You could opt to withdraw any winnings that surpass your $1,000 primary investment if you feel comfortable placing $50 wagers and wish to retain the proportionality required for an aggressive strategy.
Alternatively, you may employ a hybrid approach and withdraw, say, half of your gains each month. With this approach, you might steadily increase your bankroll while also securing some of your winnings.
Thank you for checking out our how to bet on sports guide, we wish you the best of luck with your future action!