Nothing is more popular in the world than sports. In every culture, sport is a major part of our identity. They have the ability to bring us together, excite us, and for some fans they even offer opportunities to earn money.
When we talk about money, we talk about sports betting . Betting on sports is a respected tradition in countries around the world. This can be as simple as betting a beer on a friend that your team will beat, or as complex as you want it to be.
In this article, we will outline some tips and information for those who are just starting to bet on sports. You can’t become expert bettors right away, so it’s worth reading and building a solid foundation before you start betting on a regular basis.
Sports betting tips for beginners
Before we get into anything else, let’s talk about your bankroll. Too many novice sports players forget their money while playing. When you’re just starting out, pay attention to your budget. Never bet more than you can afford to lose, either in a day or over a season. It will take at least a season to get used to sports betting, and until then you will be out as far as the spending scale. So start small!
Sports books, or odds making businesses, take your money and pay winning bets, use a certain layout when presenting betting information. All books keep this information the same, so once you learn to read the numbers in sports betting, you can bet on any book.
For team sports, all bets are set based on $100. If there is a negative sign in front of that amount, it is how much money you would have to bet to win $100 if your team wins. So, the line (amount of money) can read -170. This means that to win $100, you have to pay $170 (and of course the team you bet on must win).
If an amount has a positive sign in front of it, it shows how much money you can win with a $100 bet. Betting on the team with +110 next to it means you will win $110 for every $100 you bet.
How about favorites?
In the example we used above , the favorite team is the one with the negative sign in front of it. Most people new to sports betting make one or two common mistakes when it comes to favourites:
oBelieve that a “favorite” indicates a chance of winning: Having a team listed as a favorite does not mean that they are the better team. What it says is that more people bet on that team than any other team, which is known as the underdog.
o Draw your favourites: Almost all new sports bettors make the mistake of betting with their hearts instead of their heads. If you like a team, it is best to never bet on games involving that team.
In sports betting, it will always cost more money to bet on the favourite. This is because sports books want to balance the action, or get people to bet on both sides. That way, they stand to make more money.
The last two rules
To close this article, let’s take a look at two important rules if you want to have a good experience in your first year of sports betting.
First of all, only bet on sports that you are really familiar with. If you don’t understand the rules or know the teams and players, you have no chance of winning.
Second, for your first year, try not to bet on the spread. This can be difficult, because the point spread seems like a simple bet. However, making a live bet on a team to win that the money line offers gives the inexperienced bettor a better chance of winning; It’s a safer way to get your sports betting education!