Whether you’re a fan of sports or simply looking for something to do while watching the game, betting on sports is a great way to add some extra excitement. With legal sports gambling becoming more widespread, many sports fans will be trying their luck at placing a bet for the first time. But before you place your first wager, here are 12 things that every beginner should know about sports betting.
1. There is no such thing as a sure thing.
While there are some people that make a living from betting on sports, most of the industry is considered to be in the red. Making money on sports bets requires research and discipline. You should never bet more than you can afford to lose, and if you’re planning on putting a large amount of money down on one bet, it is always wise to start small and increase your stakes as you gain experience and confidence in your abilities.
2. Moneyline bets are the most common.
Moneyline bets are the most popular type of sports betting bet, and for good reason. They’re easy to understand and can result in big payouts if you win. They’re also relatively low risk compared to other types of bets, as you’re only betting on the outcome of a specific event. However, they can be a bit tricky to master, so it’s important to practice your skills before betting with real money.
3. Over/Under bets are another popular type of bet.
Over/Under bets are similar to point spreads in that you’re predicting an event’s outcome, but the difference is that you’re betting on whether the two teams will combine for more (over) or less (under) than the total amount posted by oddsmakers. For example, if a game has a total of 42.5 points and you expect a defensive slugfest, you’d place a bet on the over.
4. Player and team props are a fun and unique way to bet on sports.
If you’re tired of standard bets like moneylines and spreads, try a player or team prop instead. These bets allow you to have a vested interest in the performance of an individual athlete or even the smallest details of a game. They’re especially helpful if you’re rooting for the underdog or just want to spice up your gameday routine.
5. It’s important to research sportsbooks and find the one that suits you.
While user reviews can be helpful, remember that everyone has different preferences and expectations when it comes to sportsbooks. The key is to find a sportsbook that offers a wide range of betting options and has customer service available around the clock. You should also be sure to investigate which sports are offered and what types of bets are allowed before signing up. Finally, be aware that no sportsbook is perfect, so don’t be afraid to switch if you’re not happy with your current choice. Just be sure to check out the bonus offerings, as some offer sign-up bonuses worth thousands of dollars!