The global sports betting industry is worth about $211 billion. Is going to grow as it becomes legalized throughout the United States and more people get into sports betting.
Sports betting is one of the easiest forms of gambling to learn. It increases your enjoyment of sports because you have a stake in the outcome, too.
It’s a great time to get into sports betting. Are you ready to learn how to bet on sports?
Keep reading to learn the top tips in this sports betting guide.
1. Learn the Basic Terminology
Sports betting has its own way of communicating things. You should understand some of the basic terms before you start betting.
The stake is the amount of money you put down on a sports bet. A $5 bet is your stake on a game. The selection is the team or individual you’re betting on.
The odds are where beginners get tripped up and confused. The odds are the probability of an outcome. They also determine how much the payout is if you win the bet.
If a low probability outcome happens, like a 35-1 longshot winning, then you’ll win more money. Odds are expressed in a couple of ways.
Fractional odds are typical for horse racing. Most sports odds are moneyline odds. The moneyline is a + or – bet. The + is the underdog and the – is the favorite.
2. Go for Value Bets
The key to winning money in sports betting is to pick the high probability teams with the best value. A team that’s certain to win probably has low odds.
Low odds mean that you won’t win a lot of money. You can look into ensured betting, which picks the team most likely to win with a good payout. Take a look at these free super tips to find out more.
3. Keep Learning
Once you know how sports betting works, you can start to see how odds work. If you follow one or two sports closely, you’ll be able to see patterns develop that inform your betting.
For example, if you bet on soccer, you might notice that a team does incredibly well when a certain player is healthy. If they’re out of a match due to injury, you could bet on the other team.
In horse racing, you could find that a particular horse does great in 5-furlong races, but fades down the stretch in a mile-long race.
These are the details that you need to learn to be an informed gambler.
Sports Betting Tips to Win
Hopefully, you learned the basics of sports betting. It’s not as hard as it seems. It takes a little practice to understand the odds.
Once you do, then you’ll want to follow a couple of sports more closely. You’ll be able to make better bets and win more money.
For more sports betting tips, check out the other articles on this site.