The world of sports betting is exciting and sometimes profitable, but many sports fans avoid getting into it because they fear they might lose all their money.
Of course, inexperienced users will most likely lose their money on tactless bets but, with a few pointers, anyone can learn how to become a winning handicapper.
If you are interested in mastering the world of online sports betting, please continue reading our article for our tips:
Find a Sportsbook
In today’s world, you do not have to go to a physical sportsbook; there are plenty of sports betting options online. Online sports betting allows you to safely and conveniently place bets on your teams from the comfort of your own home.
The first thing you have to do is find your sport betting site. There are many online sportsbooks to choose from but, before creating an account, you should look into some aspects. Things you should be aware of are minimum deposit requirements, bonus turnover rate, casino legislation, deposit and withdrawal options, and sports betting options. One of the few sites with these indicators is https://bestsportsbetz.com/.
Make sure you thoroughly do your research before choosing your sports betting site.
Learn How Odds Work
Betting odds are the most important thing you have to understand before getting into sports betting. They are imperative when you want to know if a bet is worth making or not.
Odds are used to calculate the pay-outs of the bets that win. The higher the odds, the more you will be likely to win. Odds show the probability of an outcome happening. The higher the outcome, the lower the odds will be.
There are three different formats of odds:
- American Odds – used mainly in the US;
- Decimal Odds – used mainly in Europe, Canada, Australia;
- Fractional Odds – used in the UK.
American odds are shown as either a positive or a negative number. A positive number shows how much a correct bet would win $100, and a negative one shows how much you would need to stake in to win $100.
Decimal odds. These odds are shown as a single positive number, with two decimal places. The odd shows how much your total win will be if you multiply it with the original stake per unit. For example, you have an odd of 1.8, and a stake of $2, this mean a winning bet of $3.6. An even-money bet is shown as 2.00.
Fractional odds. The odds are displayed in the format of fractions. An example would be 3/1, said as “three to one”, 5/1, 4/1, and so on. This means you get 3, 4, or 5 units for every unit staked.
But there are more complicated odds, as the format can show 7/4, 12/10, and 9/2. With this format, you have to calculate that for each 4 units staked you can win 7 units.
Do your research and find out what kind of odds each sportsbook has.
Develop Your Game Strategy
While there are tons of sports out there, betting on hockey, tennis and football can quickly get you broke. It’s best to stick to only one game at first in order to develop your betting habits. Settle on a league and study its quirks, profitable betting situations, the best teams, and all stats. The more educated a bettor is, the more chances he has at winning.
There is no magic formula that can guarantee winning bets. Our best advice is to do your research to find the most advantageous sports betting site and to learn more about the sport you want to bet on.