Sports Betting Explained: The Basics. Benefits of Sports Betting. Sports betting is one of the more. Over the past few months, we’ve posted quite a few articles on sports betting. We posted three guides to cover the basics on handicapping baseball, basketball and football, but these didn’t nearly cover everything a beginner would need to know. We’ve also posted articles that cover basic terms, as well as other assorted betting tips.

Sports Gambling Basics Youtube

Ever walk into a casino sports book and feel like you’re looking at the mission control of an alien spaceship? It can be an overwhelming experience as a first-time bettor, especially if you don’t know what the numbers on the digital boards mean. All you know is that you’re confident this team is going to beat that team and you’d like to lay down some money on it.

Well, that’s called betting the moneyline.

Like any hobby, sports betting is one of those activities with its own language, set of best practices, and house rules. Rookies have to learn what all of this entails, often from a friend who is already confident in their knowledge. Once you learn a handful of sports betting tips for beginners, you’ll feel confident placing a bet on a legal sports gambling app like the one from BetMGM or strolling up to a cashier to wager on a game or team you like.

Similar to our guide to NFL betting tips, we wanted to put together a little piece that explains some of the basic things you need to know about sports betting before putting your hard earned cash on a game.

How does a spread work?

In games like football and basketball you’ll see two teams listed. For example, on opening night of the NFL season this year, the Kansas City Chiefs are -9.5 vs the Houston Texans. What this means, is that if you want to bet the Chiefs, they need to beat the Texans by 10 points or more in order for you to win. If the Chiefs win by 7, then you didn’t “cover the spread” and that would be a loss. On the opposite side, you can bet the Texans +9.5, which means you would win if the Texans lose by 9 points or less, or win the game outright.

What’s a moneyline bet?

In baseball, you will see bets like this: New York Yankees -200 vs Toronto Blue Jays +175. What this means is that you are betting the moneyline, which is just betting a team to straight up win. However, the more likely a team is to win, the more expensive the bet is. In this example, you need to put up $200 to win $100 on the Yankees. But if you bet $100 on the Blue Jays in this bet, and they win, you will win $175. Betting favorites on the moneyline can be expensive!

What is the “juice”?

When you bet a game with a spread, you’ll notice that most of your bets will say -110 or -120. That means that you need to risk $110 in order to win $100. This is called the “juice” or the “vig”. This is essentially how the casinos make their money.

What’s a parlay bet?

A parlay is a bet where you group together a bunch of bets, but must win all of them in order to cash the ticket. These bets can be fun, and depending how many bets you put in, can offer a huge payoff with very little cash to risk. Below is a table that shows general odds on parlays if you are betting regular -110 spreads. This chart is based on risking $100. Remember though, while four teams may hit for you in your five team parlay, that one loss makes the entire bet a loser. So choose carefully!

Have multiple places to bet

The odds on bets are not necessarily the same from sportsbook to sportsbook. The Chiefs in the example above may be a 9.5 point favorite on one book, but only a 9 point favorite on the other. That’s a pretty important thing, as if you bet the Chiefs -9.5 and they win by 9, you lose your bet. But if you bet them at the other book at -9, then you would have pushed, and gotten your money back. Always look at multiple sites and get the best line possible!

Stay within your means

We are betting on these games to be entertained. If you go on a losing streak, it happens to everyone. Don’t get out of control and start doubling up, trying to get your losses back. Bet the games to have some extra fun, but don’t go over your head!

Where should I bet?

Find reputable books to bet on, ones that are approved by your state. The great thing about these books, is they are always looking to get new customers, and offer some great promotions – like this $500 deposit match from BetMGM! Before signing up, make sure you do a quick google search on that specific site, there are usually some great deposit bonuses available that will get you some extra money to place on some bets

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Sports Gambling Basics For Dummies

Interested in gambling one, but don’t want anything too complex? If so, Try sports betting today! Online sports betting is considered by many to be one of the easiest forms of online gambling. When placing bets on sports, your objective is typically to predict the results of various sporting events and bet based on what you think will happen. If you are correct, you win, else you will lose.

Even those that seem uninterested in sports betting at least have a basic understanding of what happens. Typically, the primary reason why it is very easy to get started is that you don’t need anything extra besides the basics.

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Remember, we are not asking you to ignore anything, in fact, you should learn everything necessary because you will be putting your money at risk. An in-depth understanding of how sports betting works is very important, even though you are planning to gamble every once in a while. It is very important if you want to take sports betting seriously and have better chances of making profits.

While we are not proposing that you must learn everything in sports betting before getting started. There are several things that you should be aware of. This post is a summary of everything you need to know before you start putting your money at risk. A lot of what is covered here is explained in detail in our online sports betting guide.

Fixed-Odds Betting

Fixed-odds betting refers to a more conventional form of gambling where you predict what will happen and then bet on the most suitable choice. These are referred to as fixed odds because the odds are agreed upon when the bet is placed. If the bet wins, the payout will be based on the agreed odds regardless of whether they have subsequently shifted or not.

Terms Explained

Parties To A Bet

There are two parties to an online sports bet. Each of the parties takes an opposing view to another. For instance, these two parties could be guys watching a game together. One of them may think that the Broncos will beat the Steelers, while the other may believe that the Steelers will beat the Broncos.

Selection

This refers to what the bettors are betting on. Let’s assume the Broncos are playing against Steelers, if the gambler bets on the fact that broncos will win, and then their selection will be “Broncos to win.”

Keep in mind that the selec