Millions of people in the United States and around the world enjoy sports betting. But, for beginners it can be difficult to get your head around all of the terms and strategies associated with sports betting, luckily expert help is at hand.
Our beginners guide to sports betting will teach you all the basics and tell you how to start online sports betting. We will define the key terms, explain how odds work and give you some expert tips. It is perfect for anyone new to the world of sports betting.
Whilst there is a lot to learn about sports betting, here are just a few key points you need to know:
First things first, placing a sports bet can be a very simple process. That’s the good news, the bad news is that placing winning sports bets is not quite as easy. However, there are plenty of online tools and guides to help you.
By carefully reading our expert guides such as this and our online betting guide you can develop a good understanding of key betting terms and strategies. That will enable you to place bets with confidence, as well as increasing your chances of finding those all-important winning bets.
When you look at a sports betting website or app you will see a huge array of sports events and betting markets. The range of betting markets will vary from operator to operator, but the types of bets you can place will generally fall into one of these categories:
This is the simplest way of betting and just involves you picking the winner of a sporting match up. In some cases such as tennis or snooker, you will have two options for the game. In other sports, where a draw is a possible outcome, you will have three options. And in sports such as horse racing and golf you will find a large amount of moneyline options.
This is a very popular way of betting in the United States. The spread gives the underdog in the fixture a theoretical points advantage that makes the game. When placing a spread bet, you can either bet on the underdog covering the spread by either winning the game or losing by less than the spread amount. Or you can bet on the favorite beating the spread by winning by more than the spread amount.
The sportsbook gives you a total figure for an event that will happen in the game and your decision is whether to bet on the actual figure being over or under that total. For example, in NFL games, there will be over/under markets for the total points scored. The market will be set at (for example) 55.5 and you have to bet on whether there will be more or less than 55.5 points in the game.
This refers to bets placed on the outcome of a specific event within a contest, as opposed to the overall outcome. For instance, in soccer you can place prop bets on which player will score the first goal.
Futures bets are long term bets placed on markets that will not be decided until the end of a season or tournament. For example, placing a pre-season bet on who will be NBA champions.
A parlay bet covers multiple markets in order to increase the total payout. These are riskier bets as you need multiple outcomes to all succeed, but they can give you excellent returns.
Now we have looked at the different types of betting markets available, the next stage of our betting for beginners guide will look at odds. Odds are compiled by bookmakers and reflect the likelihood of an event occurring. They can be displayed in one of three ways:
This is the most common way of displaying odds in the United Kingdom. As the name suggests, fractional odds display numbers in fraction form, for example, 4/1 or 5/2.
The first number shows the number of times the favored outcome will fail to win, and the second number shows the number of times they will succeed according to the oddsmaker.
For example, Liverpool are playing Arsenal. Liverpool are 2/3 to win the game, this means that the oddsmakers think Liverpool have a two in three chance of winning the game.
Your winnings from a bet placed using fractional odds can be calculated by multiplying your wager by the odds displayed, then adding the value of the wager.
Decimal odds are favored in most parts of Europe. They are probably the easiest odds format to understand and to calculate your winnings.
The decimal figure shows you the amount of payout you will make for every dollar you bet. You can calculate your winning by multiplying the size of your wager by the decimal odds displayed.
As the name suggests, this is the format used by most sportsbooks in the United States.In American odds, a minus sign against a team or player indicates that they are the favorite, whereas a positive sign indicates they are an underdog in the market.
To calculate the profit using American odds, you can calculate your profit on favorite by multiplying your wager by the odds displayed divided by 100. If you are betting on an underdog, your profit is your wager multiplied by 100 divided by the odds displayed.
The next stage of our betting for beginners guide is going to give you some expert advice on how to find winning bets and optimize your sports betting experience.
This is fundamental to your success when placing sports bets. The more you know about an event, the more likely you are to find winning bets. Your research should include reading expert opinions (such as those found at thegruelingtruth.com), looking at statistics and reading the latest news relating to injuries and suspensions.
Watching sport can be a very emotional experience, especially if your favorite team or player is competing. Naturally, you desperately want them to win, but this scenario can cause you to place poor value bets on the team you support. It is important to remain objective when placing bets. If you are unable to do this when your favorite team is playing, it is advisable to not place bets on these fixtures.
Odds can vary considerably between sports betting operators, and this can have a huge impact on your potential winnings. A $10 bet placed at 4/1 will potentially win you $40, but if you can find the same option at 6/1 with another operator, your potential winnings will go up to $60. Obviously, it is not feasible to look at the odds provided by every single betting operator, however, there are odds comparison tools available online that indicate where they can find the best odds for your chosen selection.
Staying in control of your sports betting is essential. To help you out on this front, gambling sites are legally required to offer you a safer gambling tool. This tool can be used to set limits on your gambling relating to the amount of time and money you spend playing. We highly recommend that you use this tool whenever you first join a sports betting operator. It will help you to control your betting activity and not incur any uncomfortable losses.
United States gambling laws are regularly changing. More and more states are acquiring licences for online sports betting, but the activity is still prohibited in a number of locations. To help you stay on top of this issue, we recommend that you regularly check the reviews at Also, remember that you need to be at least 21 years of age in order to place sports bets, and operators will ask you to provide a copy of a government issued ID when you join.
You should now have a firm understanding of betting odds and the different types of sports bets you can place. You also have some expert tips to use when looking for bets.
Your next task is to put that knowledge into practice. To do this, you need to always have responsible gambling at the forefront of your mind. Setting safer gambling controls will go a long way towards achieving this, as will always ensuring you bet with your head.
It is also vital that you thoroughly research your bets and take the time to look for the best value for your selections. Do all of that and you will have an excellent chance of placing winning bets and having a fantastic sports betting experience.
So, how do betting sites make money? Sports betting operators are businesses so naturally, they want to make money. They do this by setting prices that have vigorish built into them. This means that the odds are slightly in the bookies favour, thus helping them to make a profit regardless of the outcome of the event.
You might be wondering, “What does draw no bet mean?”. In events where a draw can occur, a draw no bet market removes this possibility from the market. Draw no bet markets are typically found in sports such as cricket and football, where there is a reasonable likelihood of a draw. For more in-depth information on what a draw no bet is, visit TheGruelingTruth.com.
A betting exchange is a place where players can lay bets. In other words, they can bet against an outcome happening. By laying (for example) a horse, you are effectively betting on every other horse in the race. When you place a bet at an exchange you can set the odds, this means that betting exchanges are effectively places where sports betting fans bet against each other. Find out more about betting exchanges and how they work by reading our ‘how do betting exchanges work?’ guide.
If you’re wondering ‘what does 1×2 mean in betting?’, we have the answers right here! 1X2 is a simple way of referring to markets that have three possible outcomes. 1X2 markets are commonly found in soccer, but if you want the lowdown on how 1×2 betting works in real life, visit our site for more information.
The best sports to bet on are the ones that you know the most about. You can use your knowledge to look for value in the betting markets and find selections that you think will win. But regardless of how much you know about a sport, it is still essential that you carry out thorough research. Sport can be fast moving, so it is vital that you stay on top of the latest news and views relating to the markets you want to bet on. We’ll help you make that decision with our in-depth reviews and guides.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
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