US Sports Betting Tips for Beginners
US Sports Betting Tips for Beginners
Let’s have a look at some sports betting tips, especially if you’re new to sports betting and in the US. Of course, your options for sports betting today are as wide as the ocean in blue. Not only are new laws and attitudes changing the face of the industry, but we can thank technology for helping advance the cause. Long gone are the days of dealing with shady characters in some back street dive. Then we have a huge number of betting apps and even gambling on ESports which is now pretty much mainstream. What an age to be a gambler!
If sports betting is completely new to you, then there are some basics which will help you on your journey of discovery. No matter whether you’re a weekend punter looking to try your hand at making a few bucks on the Saturday afternoon game and win the football jackpot, or a seasoned and hardcore professional looking to exploit the system, the following sports betting tips will help you get started and keep you on the straight and narrow path to success.
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Create a Betting Bankroll
OK Captain Obvious! There can be no wagering without this. To create a bankroll isn’t hard work, but more a case of discipline. You should set aside every month an amount that you can afford to lose without going broke or being unable to fulfill your obligations. Then determine a percentage range you’re happy to use for individual bets. After all, you don’t want to burn through your bankroll before you are really getting off the ground. An example of this strategy would be to bet between 2% and 4% of your overall bankroll on any one wager. We should point out that the key to successful betting, whether at the casino or at the sports bookmaker, is being able to keep track and manage your cash.
If you have no means of tracking your losses and gains, then how can you possibly know how well/badly you’re doing. Also, you’ll be putting yourself at the risk of taking on big losses. It’s super important that you have total control over your bankroll before you get started with betting.
Sports Betting Tips: Learn the Different Types of Sports Bets
Looking at a game like soccer, if you dig a little you’ll find over 45 different types of bets you could make over the course of a game. In fact, there are a seemingly endless number of types of wagers to be made across all sports. Your job is to get to know as many as you can. Focus on the most popular bets, to begin with. Once you have the handle of these and understand how they function, then you can start to expand your choices. Remember, research, research, and research some more. These are three of the most common bets you’ll find across nearly all sports betting markets.
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1. Money-line Bets
This is the bet to make when you’re simply choosing a side to win. They will be listed as a “+” or a “-” number. So, for example, “Packer -160” and “Colts +200”. This means that if you wager $100 on the Colts (they are the underdog) then you stand to win $200.
Conversely, it would take a $160 bet on the Packers, to win $100. The $100 is just an example of a wagering amount. The equation would remain the same with differing amounts. So, if you bet $10 to win $20 or you bet $16 to win $20, the ratio remains the same.
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2. Spread Bets
This form of sports gambling really does make wagering much more interesting than simply choosing a winner. An example would be a match between the Eagles and the Cowboys. Let’s say that the Eagles are the favorites at -3.5. Opposite them, the Cowboys are the underdogs at +3.5. What does this all mean? Well if you bet on the Eagles, then they must win by a margin of 3.5 for you to claim your wager. Likewise, a bet on the Cowboys will come home if they lose by less than 3.5 points. So why the .5? The reason is simple. It prevents there being any ties. As there are no half points in matches, then a clear winner emerges. Imagine if we were only dealing with whole digits.
In a tie, or what’s known as a “push”, we could have the Eagles with -4 and they end up winning by a margin of 4. In this case nobody wins, and you’d get your money back.
3. Over/Under Bets
This is probably the simplest wager you’ll find in any game. The bookmaker will stipulate a number. And your job is to guess as to whether the combined result from both teams will be over or under this figure. By now you’ll probably notice that there isn’t a perfect match or 1:1 with regards to the risk vs reward ratio. That’s because sportsbooks will typically make a spread bet or an over/under bet a 110 proposition. This “extra” 10 is what’s known as “the juice” and you can see this as a form of commission that the sportsbook makes on every bet. There is a lot of math involved in sports betting, so it’s best to get your learning hat on in order to maximize your betting potential. Learning the ropes will certainly help you increase your jackpot winning chances.
Sports Betting Tips: Find a Good SportsBook
Whatever the sporting event, there are always going to be a number of different sportsbooks all competing for customers. Your job is to know what type of bets you want to wager and then shop around for the best deals. This is particularly true of online sportsbooks. A good example would be the welcome bonus offered by virtually all online betting companies. Often there’ll be a matching bonus of $100 when you deposit $150 into your new sports betting account. You might at first view these as some sort of scam. But they’re really not. They exist to encourage new customers as well as maintaining customer loyalty.
Having said that, you don’t have to stick with just one sportsbook. Use the internet to compare sites with jackpots. Loyalty has no benefits for you. If you’re searching for better odds for any given bet, then you’ll be needing to open your eyes and search for the best option for you. You’re looking for either better money-line odds or better payout. Yes, we all know how much easier it is to just stick with the same old sportsbook. But as a for-profit bettor, you should always be looking for ways to maximize your bankroll.
Don’t Chase Your Sports Betting Losses
Of all the sports betting tips, this one is one of the most fundamental. It really falls under the heading of efficient money management. It’s natural that you want to win after a series of losses. If you’ve just lost two $20 bets, then it’s tempting to then make a $40 bet. Just don’t do it! Consider it normal that you’ll have stretches of time where you are losing all the time. Likewise, you’ll also experience stretches when you are winning all the time. Swings and roundabouts my friend. The main key to running a successful sports betting venture is to never dig yourself too deep a hole, in that you can’t later extract yourself. if you find yourself on the losing end for the last few bets, don’t try and make up for this with one huge bet. Your job is to calculate the risk and avoid doing anything too risky. Make smaller bets to make up for losses.
Don’t Bet Blind
Though there is always the ever-present factor of chance involved in sports betting, it would be a mistake to think of it purely in terms of luck. Or rather there’s luck, and then there’s making your own luck. Remember that there are professional sports bettors who are able to make a very decent living from wagering on many different games and sports. So there is skill involved. You need to have a good grounding in knowledge for your chosen sport. To that end, please don’t go just throwing money down at any sport that will accept your bet. Do some research before you wager any of your hard-earned cash. If you don’t fully understand what you’re watching, or the betting involved, then sit the game out without wagering at all.
Always play responsibly!
Conclusion: US Sports Betting Tips for Beginners
Sports betting is a great pastime. It can also, with some luck and some skills, also put some cash back into your pocket. And it’s obvious, that if you have some money riding on an outcome, then the game’s excitement goes through the roof. But remember that before you get stuck in, do some homework. Take time to learn some jackpot winning tips and tricks. Only once you have a better understanding of the game, the rules, the players, and finally, the betting, should you consider placing your first small bet? You can find out about casino betting tips here.
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