Most bettors see sports betting as a hobby and not just a way to win money. People usually participate in sport betting because of its entertainment value. Also, it is a fun way to learn, strategize, relax, and use your mind to increase your chances of winning a bet.
Football is one of the most sports people bet on. Its point system is the reason why it’s easy for bettors to predict which team would win.
Luckily, even though COVID-19 affected sports, betting could still be conducted in different states online. Players are not required to be physically present, but they need to be within the state where it is legalized. If you are interested in sports betting, listed below is a quick guide on how to get started.
Set a Budget
If it’s your first time betting, you must be wise in preparing the amount of money you could put at risk before you get yourself out there. Keep in mind that there is a high chance that you could lose in your bets since you are a beginner. Consider sticking to your budget so that you don’t go broke when you play a couple of times.
Remind yourself that you are still learning how to bet. Avoid being overwhelmed if you think that you are rich enough to risk loads of money. Some people experience “beginner luck” and win on their first try, but this does not happen to everyone.
Also, know how much money you have for a bankroll. Set it aside and divide it by a hundred. You should not make any bets bigger than the resulting amount until you successfully learn what sports betting strategy you could do and improve your betting results. You can make more bets through this, and when you lose, you’ll only lose a small amount from your bankroll.
Wisely Decide What to Bet on
Being a sports fan is a good edge in sports betting; if not, then you may find it hard to decide which team to bet on. Long ago, people could only bet on sports events that are mainstream. But nowadays, we have more options to bet on. We can now bet on anything, so it is just essential to know where to bet your money so that if you lose, it won’t hurt your budget.
Before betting, bet on a team you at least have a strong feeling that you will win. Ideally, in a sport, you already know and followed for a long time. It’ll be a wrong move if you bet on something you don’t know about.
Explore Some Betting Websites
The easiest and most accessible way to participate in a sports bet is through the internet. Online betting is the best place for beginners to start their journey since it’s safe and offers much more bonuses. Joining online is easier, and you could finish it in just a few minutes. You’d need to provide some personal details like your name, address, and your email address.
You must be aware of what you are getting into because you would be using real money in joining. Join those websites that are known to be trustworthy and provide a good service. In this way, you could enjoy your overall experience in online betting.
Learn About How Betting Odds Work
There are three major key points you could focus on as a beginner:
- Odds could show the probability of a bettor winning in sports betting.
- The odds chart are important in computing the payout amount of the winning bettors.
- Odds in sports betting could be conveyed in three different formats.
Listed here are the three ways on how odds could be expressed:
Decimal Odds
Decimal odds are known as the simplest odd format. This odd represents the sum a debtor wins for every dollar bet.
Fractional Odds
This format is used in the United Kingdom and is considered the most complicated format. These odds are the ratio of the profit won at the risk of being lost.
Moneyline Odds
These are shown as a single number with a + or – symbol before it and are commonly used in America.
Understand the Simple Wagers
As a beginner, you could start learning these simple wagers to guide you in getting started.
Win
Another term used is the money line bet. In this way, the bettors would choose a team or a particular player to win. If the bettor chose the winning team, they would be paid to receive the amount due.
Point Spread
It is also known as “betting the spread,” which means that there should be a specific number of points they must reach for a team to win. In other words, these bettors should not lose any number of points. For instance, Team A would win by at least 9 points for their bet considered a win.
Totals
In this way, the bettor would bet on the points in a total game or event. The bettors bet on whether the points will be higher or lower than what they have decided as the estimated point total. For instance, you bet for the total number of points scored in a basketball game.
Futures
Future bets are bets that are placed before an event even starts. Thus, the bet will finish in the future. For example, you could bet that the Los Angeles Lakers would win the FIBA Basketball World Cup.
Takeaway
Sports betting is considered a legal gambling game accepted in most countries around the world. People are attracted to sports betting because it requires a player to be a risk-taker and become one of the ways people do to destress themselves. Thus, stated above is a guide to help you get started.
