If you’re interested in sports but have never placed any bets, the decision can seem confusing, especially if you’re not sure where to start. Thankfully, it’s easier than it looks! Once you understand the rules of sports betting and what information you need before placing your bet, you can confidently place wagers whenever you feel like it, whether it’s with your bookie or online on your favorite sports betting site. Here’s the lowdown on how does sports betting work to help you get started!
The Basics: Moneyline, Point Spread, and Over/Under
A wager on a moneyline predicts the outcome of an event based on who has odds and their perceived likelihood of winning. On a point spread, betting takes into account how many points will be scored by each team, in addition to which team is favored.
Over/Under bets are common for events with uncertain time lengths such as MLB, NBA, and NHL games; bets are placed on whether at least one more run (in baseball) or goal (in basketball) will be scored before the game ends. 꽁머니: Want to make your sports-betting hobby more interesting? Consider buying a league pass from League Unlimited so you can follow any sport you want from football to curling all season long!
Different Types of Sports Bets
Sports betting has become big business in recent years, with many people taking a chance on games in hopes of making a profit. One thing you may not know, however, is that there are two types of odds: decimal and fractional. Which type should you use? Let’s explore this below.
Decimal odds have a number followed by ‘d’ or ‘D’, while fractional odds have a number followed by ‘f’ or ‘F’. For example, if one bookmaker offers 3-2 as their odds for team A to win against team B, this would be expressed as 1.50 with decimal odds. If another bookmaker offers 4-1 as their odds, this would be expressed as 2.00 with fractional odds. The key difference between these two types of bets is how the monetary payouts change when one side wins and the other loses. With decimal odds, for every $10 bet on team A at $3 per dollar bet (or 0.30), the payout will be $14 (a profit of $4). With fractional odds, for every $10 bet on team A at 4-1 (or 2.00), your potential payout will be either $40 ($25 profit) or nothing ($0).
Decimal or Fractional Odds: Which Should You Use?
Odds can be given in either decimal or fractional form, but which should you use? If you’re betting on a horse race, for example, then there is no point in using fractional odds. Fractional odds are used when your bet is competing against other people’s bets. This type of betting is called ggongpeople and it typically uses decimal odds. The bonus amount will depend on how many people have made the same wager as you.
Bankroll Management: Tips to Help You Win
Bankroll management is about making sure you have enough money to cover your bets, and it’s especially important when betting on sports. Here are a few tips to help you manage your bankroll:
- plan ahead
- avoid emotions
- remember streaks happen
- stay disciplined
- be aggressive
- monitor your time
- pay attention to odds
- keep track of how much you’re betting
- set limits
- never chase losses
- One way to help with bankroll management is by using a bonus. A bonus is simply an incentive that’s given out by some sportsbooks in order to encourage new players to join their site.