Everything You Need to Know about Online Sports Betting
Gambling has been around for ages, and it moved from the luxurious rooms is Vegas, it moved to online websites that specialize in different types of games. Nowadays, you can put your money in online Casinos, bet on ponies, and gamble on sports games. Online sports gambling can earn you a nice chunk of change, and if you are a beginner, this is what you need to know about sports gambling.
What is Sports Betting?
While it is estimated that sports betting is a $200 billion a year industry, it is illegal in most U.S states. Nevada is not one of those states, and sports betting in the state are a very common business. Sports gambling is also very common in Europe where soccer rules the ring and allows fans to rake in the bucks. Online sports gambling, when done legally, can help you earn money, but you need to know just how to do it. There are special terms you need to know, you have to know some statistics, and have the cash you are willing to lose in case things don't go your way.
Beating the Odds
The most important thing in sports gambling is knowing the odds of any given bet; odds are a mathematical likelihood of victory, defeat or draw for a given team, as figured by the bookmakers. Bookmakers are people who offer odd, handle payouts, take bets and run sports betting. So, to successfully predict the outcome of a sports game, you need to know the odds and only then place a bet.
Finding the Best Online Sports Gambling Website
Once you analyze the odds for different sports games, you can start looking for a website that handles online sports booking. You have to make sure the website you choose is reputable, that it has a secured payment system, and that it got good reviews from gamblers who have tried it. Some great online sports betting websites include Bovada, Intersports, Sports Betting, Bookmaker, and BetOnline.
To choose the best online sports gambling website, you can either choose one of the sites we listed, or do some homework; find out what betting choices you have, the payment options, promotions, bonuses, minimum and maximum wager amounts, and any other detail that you can think of. Also, make sure you read the terms and conditions in each website to make sure you don't miss out on anything. Yes, it could take a while to survey sports betting websites, but it could mean the difference between losing a lot of money and winning a lot of money, so it's worth it.
To help you get started with online sports betting, you can use the guides available on each website that will teach you the ropes. Even if you have some experience in the field, it would be good to freshen up on the different rules, odds, and how to place bets in the websites you try out.
Putting Your Money Where Your Mouth Is
Now that you have hopefully read the different terms and reviews of online betting websites, you can start betting for real. You need to be cautious when betting on real money; first of all, only bet money you have and that is not meant for other things, like your rent or bills. After you allocated money for gambling, start small; you need to start off small and increase the amounts you bet on gradually. Only when you have enough experience and wins behind you, you will be able to increase the amounts of money you bet on.
Types of Sports Bets
Now that we have covered the basics of online sports gambling, we can explain the three main types of sports bets you can gamble on;
1. Point Spread Betting
This is the most popular wager in sports betting; a point spread betting is when you bet on the better team in a game winning by a point spread offered by the sportsbook. The better team in a game, let's say basketball, is marked as (-) and the worse team, AKA the underdog is marked as (+). You will win the bet if the underdog team wins the game or loses by an amount smaller than the point spread. Point spread betting is usually set with -110 odd, but the pricing can fluctuate. The odds mean that you need to bet $110 to win $100. The odds in a point spread are known as “vig” for the sportsbook, so if you come across this term in online sports gambling websites, you will know what it means.
2. Moneyline Bets
Money line bets are very popular in basketball and hockey, and it is a bet that a team will win a game against another team. With money line bets, the bettor will earn money regardless of how many runs or points the team they wagered on wins by. When wagering with money line bets, the odds mean how much money you are willing to risk to win $100. For example, is the like (which are usually represented with 3 digits) is -$160, you will get the -$160 you bet on, plus $100 if your gamble was right.
You can also bet on + lines; if you bet in a line of +$180 and bet $100, you will win back the $180 you bet on, plus the $100 you wagered.
3. Over/Under Bets
This is probably the easiest sports gamble to understand; with over/under bets, you wager on whether the total number of points scored by both teams will be over or under the posted betting total. For example, if the total number of points in a basketball game will be over/under 200 points.
Sports gambling is not as easy as online gambling games; you need to be patient and know the winning and losing statistics of different sports teams to increase your chances of earning money. You can use online sports gambling websites to place your wagers, but it is important not to bet big sums of money before you have enough experience and knowledge; start off small with reputable sports betting websites, and work your way up as you gain experience and knowledge.