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TOPIC: sports betting for dummies

sports betting for dummies 2 months ago #219136

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п»їSports betting for dummies.
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US Sports Betting For Dummies.
Betting Guide.
Home В» Betting Guides В» US Sports Betting For Dummies.
Sports betting is a fun and exciting way to make sports interesting but it can be confusing and difficult to understand how to bet on sport. Don’t worry though, our sports betting for dummies guide will explain to you the basics of sports betting and begin your journey as a sports bettor!
Table of contents.
How To Read Betting Odds Sports Bet Types Cash-Out Sports Betting for Dummies In-Game/Live Sports Betting for Dummies Betting Sites For Beginners Bet Responsibly Value Bets and How To Identify Them.
How To Read Betting Odds.
Betting odds indicate how likely one outcome is in comparison to the other. While there are different ways to display odds, you’ll usually see odds displayed in a numerical or fractional form.
In fractional form, you’ll see something like 1/3 or 3/1: The lower number on top (1/3) indicates that the team is favored to win by three times more than they are to lose. The higher number on top (3/1) indicates that the team is three times more likely to lose than they are to win.
Sports Bet Types.
What Does Moneyline Mean?
Simply put, a moneyline bet is betting on a team to win the game. The moneyline odds are determined by the likelihood of that team winning.
How Spread Betting Works.
Betting the spread is when you bet on either the favorite or underdog to cover the points spread. The point spread is the number of points sportsbooks believe the favorite to better than the underdog.
How To Bet On Over/Under (Totals)
Over Under betting is based on how many total points/goals/runs will be scored in the game.
Example: If the total is 43.5 points, 44 or more points are needed to win the “over” bet – 43 points or less are needed to win the “under” bet. If the total is 50 points, and the final score hit 50 points right on the number, that’s considered a push – or a tie. In that case, the bettor will get back their original investment.
Points Betting For Dummies.
This is a new and innovative way of betting on sports, but what is points betting?
Points betting rewards the bettor for how right they are.
For instance, let’s say you’re betting on basketball where the Brooklyn Nets and New York Knicks. If you bet $10 on the Nets, who are favored by three points (-3), and they win by seven points, you will have won $40 because they covered the spread by four points.
How To Bet On Futures.
A future bet is based on any future outcome. Most futures bets are on teams to win a championship, a conference/division, a certain amount of games or a total number of wins. However, there are also futures bets on individual players to win achievement awards such as NFL MVP or reach a certain number in a statistical category, like an NFL player to top the rushing yards table for that season.
How to Parlay Bet.
A parlay bet combines two or more individual wagers and is dependent on each bet winning together. As a result, a parlay bet pays out higher because the chances of winning dependent on more than one outcome.
For example, if you bet New York Giants, Chicago Bears, and Dallas Cowboys in a parlay and they all win their individual games, you win. However, if New York Giants and Chicago Bears win, but Dallas loses, you lose the parlay.
What Is A Teaser Bet?
A teaser bet has similar characteristics to a parlay bet, in that all of the teams or totals you picked have to win. However, in a “teaser” bet, the point-spreads and totals are adjusted to lower the bettor’s risk.
For instance, if New York is favored by 10 points, you can lower the spread down to three points and so on with other games that you chose. The drawback with teasers, though, is that the bettors will typically wager a lot more than they’ll win. If the teaser loses, it could be a sizeable monetary collapse.
How To Bet On Props (Specials)
A prop bet based on a proposition (novelty, side bet) that something will happen that won’t affect the outcome of the game.
Examples: Will Todd Gurley rush for more or less than 1.5 touchdowns? Will Tom Brady throw for more or less than 315.5 yards? Will Stephen Curry make more or less than 5.5 3-point field goals?
Cash-Out Sports Betting for Dummies.
Many sportsbooks offer their customers the chance to ‘cash-out’ before the event has finished and their sports wager has been settled. The cash-out feature is a way for a bettor to lock-in profit from their sports wager, or minimize their losses. The size of the payout is determined at the time of cashing out your bet and depends on the likelihood of the bet winning.
For example, let’s say you bet with DraftKings Sportsbook and you’ve wagered an NFL parlay bet on three matches. You picked the correct outcome in the first two matches and the final match is yet to play. In this situation, some sportsbooks will offer you the chance to cash-out your bet. If you’re offered more than your stake to cash-out, then you can lock-in profit from your bet and cash out.
However, let’s say you backed Clemson University to win on the moneyline in a College Football game. It’s the fourth quarter and Clemson University is losing by a touchdown and don’t look like they’re going to win. You can minimize your loss by cashing out your bet with the sportsbook.
To sum up, cash-out is a way for a sports bettor and a sportsbook to minimize their losses/risk.
In-Game/Live Sports Betting for Dummies.
Live betting also known as in-play betting is exactly what it says. The ability to wager on a sporting event that has already begun, but has not finished yet.
There are many Sportsbooks that offer their customers live betting capability, which are:
Betting Sites For Beginners.
Bet Responsibly.
Gambling is a fun way to enhance the excitement of sport, but it is important to know how to bet responsibly and stay in control.
It may sound simple, but betting what you can afford to lose is the best advice ever given. If you set aside (for example) $50 each week, you know that is the maximum limit that you can lose – anything you win is a bonus. Now, just because you win $200 early in the week and then lose that, on top of the $50 you set aside, doesn’t mean that you can expand the initial limit you set.
Chasing losses is always something that gets gamblers in trouble. Let’s say you’re betting on an NFL game early in the day and lose – that doesn’t mean that you should make a bet that’s double the amount later on. For starters, you probably didn’t do as much research on that latter one, but more importantly, you could put yourself in an even bigger hole.
All in all, you shouldn’t look at gambling as a way to be your primary source of income. It should be fun and done responsibly.
If you feel your betting is becoming a problem and you feel out of control, seek help at 800-GAMBLER .
Value Bets and How To Identify Them.
Finding value in miscalculated lines is key to gaining an advantage for yourself against the sportsbooks.
For instance, there are certain teams that play much better in their home stadium than they do on the road. Other teams play better against others because of particular matchups – in basketball, one team may have another height advantage over the other, thus giving them a chance at more rebounds and possessions.
Sports betting isn’t easy – if it was, everyone would be swimming in money. On nearly every level, it’s up to the bettor to make the best possible choices. Of course, some luck doesn’t hurt, but sometimes you make your own luck. Fortunately, US-Odds has done the hard work for you through our Computer Picks algorithm which calculates bets offering the most value on each sport.
Summary.
Now that you’ve read through the basics of our sports betting for dummies guide. You should now understand the main types of sports bets, as well as the idea of value bets and how to bet responsibly.
If you want to learn more about sports betting then we have more sports betting guides on NFL, NBA, and MLB.
Alternatively, if you’re ready to begin online sports betting. Read our full and comprehensive Sportsbook reviews to find the best sportsbook for you or check out the best free bet bonuses being offered.


How To Bet on Sports Online.
How to Read Sports Odds and Betting Lines.
I’ve titled this Sports Betting For Dummies. It’s a tutorial for those who want to start betting on sports or those who want to gain a better understanding of some of the terminology and theory behind it. We’ve all been in the position of learning something new, so please don’t be embarrassed if you don’t grasp these concepts. Instead, contact me via the form at the bottom of this page, and I’ll help you in any way I can.
You want to put a few coins on this weekend’s games, or perhaps you just want to be able to decode all of that jibberish you see in the sports section every week. How do you read those sports odds, and what does over/under, minus/plus, giving points, taking points mean?
WHAT DOES IT ALL MEAN?
I will painlessly explain all of the mysteries of sports betting 101 aka “Sports Betting for Dummies.” First of all, you have nothing to be ashamed of, you have taken the first and most important step of all – learning! Why waste money on a game that you don’t fully understand? You shouldn’t! That is why you are here now, to learn how it works and how to win!
Topic #1 The Point Spread and Totals.
Okay, you look at the games for Sunday and you see the betting lines displayed something similar to;
San Francisco -5 vs. St. Louis 41.
You may look at that and be intimidated and feel helpless, but I’m going to decode this little bugger for you. This is the betting line – not the odds. The odds are what you are to be paid (covered later).
How to Read and Bet Point Spreads.
Whenever you see a team with a (-) negative number next to them, (-5 in this case), it means that team is favored to win by that number of points.
See, that wasn’t too difficult, was it?
Sometimes you will see the points displayed as half numbers like San Fran -5.5. If you bet on San Fran, and they win by 6, you win the bet. If they win by 5 or less, you lose. Clear? If not, submit your question in the form at the bottom of the page and ask me. I’m here to help.
How to Bet Over/Under.
Okay, so the other betting option available to you is the total or ‘Over/Under.’ You can choose to bet that the total points between the two teams will either be greater (OVER) or less than (UNDER) the projected total. Again, if you bet either way and the game ends up being 20-21, for a total of 41 points, then you will receive a refund of your wager amount.
Topic # 2 The Moneyline or Straight-Up wager.
This is where you simply wager on which team will win the game outright, no point spreads, no BS…just the straight up winner. Although this may appear to be easier, you will pay for it as the odds (payout) will reflect the lack of a point spread. If you wager on a favorite, then you will win less than with a point spread, but if you wager on the underdog…and win…you will receive and even greater win amount based on the higher risk taken.
Topic # 3 How to Read Sports Betting Odds.
For reading the fraction odds , I strongly recommend converting them to a decimal. This will make figuring out your potential win much much easier! To do this, just like in 2nd grade, you take the first number and divide it by the second. So if your odds read 7/4, you simply divide (7) by (4), which equals 1.75. That is the decimal form odds , now you simply multiply (1.75) by whatever your wager amount is to figure out your potential profit. In this case, if you were to risk $100, then your potential win would be $175 profit if you are correct! Also, you will receive your initial bet amount of $100 as well, for a total of $275 in your hand.
Now for American Style Sports Odds. Typically, when you are betting on the point spread, as in topic #1 above, the odds are displayed or implied to be (-110), which is known as American Style odds. The American Style odds format is based on $100. When the number, is displayed as a negative number (-110), it indicates how much money you must risk to realize a profit of $100. In our scenario, you must wager $110 to win $100 profit. If you do, you will receive $210 when you cash in…the winning amount PLUS your initial wager amount.
Topic #4 Now What?
Now that you have the basics down, there is only one thing left to discuss – where to bet that is safe . I strongly recommend that you start by wagering on only one pick per day. You don’t want to spread yourself too thin and have your hand in every match available. If you bet that way, you will surely get nickel and dimed out of your bankroll. Spend time studying the teams and choose your best selection available. Decide on a budget of how much you are willing to risk. Now you need a reputable online sportsbook (online sports betting site) to do business.
There are millions of sites out there, but only a handful that will treat you right. I deal with a few main sites in my personal online sports betting, Bovada, BetOnline, and MyBookie .
Check these sites out and see which one fits you best. Maybe you will take advantage of the bonuses at those sites and then decide which one you want to continue to use. I prefer to use multiple sites, so I have a selection of lines to choose from to get the best available payout! Whether you want to bet $1 or $500, any of these sites will work just fine for you and pay you quickly when you win. If you want more details and options, just go to the sportsbook reviews and ratings page .
I hope that I have answered some of the nagging questions about sports betting and how it works. Feel free to use the form below to contact me directly with any question you may have. I’m here to help you understand and win! Good luck!
Also, be sure to check out my free sports picks !


How to Bet on Sports for Beginners: 12 Tips to Know.
Suchat Pederson/The News Journal via USA TODAY NETWORK.
Over the past few years, the emergence of daily fantasy sports has led to a renaissance for conventional sports betting. The anti-gambling stigma that existed for decades is fading in American popular culture, opening the door for a massive, multibillion-dollar legal sports betting industry to emerge.
With sports betting now legal in many states, millions of sports fans will be looking to enter the betting market for the first time. But where do you begin if you’re unfamiliar with the terminology?
Here’s an introduction into how to bet on sports. We’ll be adding to this series in the coming weeks.
How to Bet on Sports for Beginners: 12 Tips.
Use the links below to jump to each section.
1. Favorites vs. Underdogs.
When the oddsmakers release a betting line on a game, the first thing they do is decide which team should be the favorite and which should be the underdog.
The favorite is the team that is expected to win the game and will get a minus sign next to its odds, while the underdog is expected to lose and gets a plus sign. If the game is a toss-up, books will open it as a “pick” or “pick’em.” Click to return to table of contents .
2. Spreads.
There are two main ways to bet on a favorite or an underdog. The first is the point spread, which is a bet on the margin of victory. A favorite “gives” points, while an underdog “gets” points.
For example, say the Patriots are 7-point favorites (-7) against the Jets.
If you bet on the Patriots, they need to win the game by 8 points or more for you to win your bet. If the Patriots win by 8 points or more, you “cover.” If the Patriots win by exactly 7 points, that is called a “push,” which means you get back the money you originally bet.
If the Patriots win by 6 points or fewer (or lose the game straight-up), you lose your bet.
Spreads are available for all sports, but they are predominantly used when betting on higher-scoring sports like football and basketball.
3. Moneylines.
The second way to bet on a favorite or an underdog is on the moneyline. This is based solely on which team will win the game.
Favorites are given a “minus” designation, such as -150, -200 or -500. If a favorite is -200, that means you have to risk $200 to win $100. If the favorite wins, you get $100, but if the favorite loses, you’re out $200.
Because favorites are expected to win, you assume more risk when betting on them.
Moneylines are available for all sports, but they are predominantly used when betting on lower-scoring sports like baseball, hockey and soccer.
4. Over/Unders (Totals)
In addition to setting a line for the favorite and the underdog, oddsmakers will also set a total number of points scored in a game by both teams combined. This is called the total or over/under.
Bettors can then wager on whether or not the game will go Over or Under the total.
For example, an NBA game between the Celtics and Bulls might have a total of 215. You could either bet the Over 215 or the Under 215. If you bet the Over 215 and the total points scored end up being 216 or higher, you win your bet. If the total points scored are 214 or fewer, you lose.
5. What Is the -110 Number Listed Next to My Bet?
The oddsmakers put a “tax” on every bet, which is typically called the “juice” or “vig” (short for “vigorish”). The juice is the commission you have to pay to the sportsbook for them to accept your wager.
Say the Duke Blue Devils are -5 (-110) … that means if you want to bet on Duke as a 5-point favorite, you need to risk $110 to win $100.
You always have to risk more on a favorite than you’d win on an underdog…otherwise, sportsbooks would be out of business.
6. How to Place a Bet.
With legalized sports betting spreading across America, sports bettors have never had more options to take advantage of. To see if sports betting is legal where you live, check out our state-by-state tracker.
Some of the biggest states that have legalized mobile wagering include Colorado, New Jersey, Pennsylvania, Indiana and West Virginia. The sportsbooks highlighted below are all trustworthy legal shops that take bets online.




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