An exciting and enjoyable way to earn extra money is through sports betting. However, it can also be a bit daunting for beginners. Where do you start? What do all of the odds mean? How do you know if you’re making a wise bet?
Don’t worry; we’re here to help at 10x10bet. In this beginner’s guide to sports betting, we’ll walk you through everything you need to know to get started. We’ll cover the basic terminology, the different types of bets you can make, and some handy tips to keep in mind as you start putting your money on the line.
The Basics: Terminology and Odds
Before diving in, let’s review some basic terminology and concepts you’ll need to know to make informed bets.
- The “spread” is the difference between the two teams’ scores. For example, if Team A plays Team B and the spread is 7, Team A is expected to win by 7 points.
- The “Moneyline” is a bet on which team will win outright. The odds will be expressed as either positive or negative numbers. For example, if the Moneyline for Team A is +120, that means that for every $100 you bet on them, you will win $120 if they win. If the Moneyline for Team B is -150, that means that for every $150 you bet on them, you will win $100 if they win.
- The “total” is a bet on how many points will be scored in the game by both teams combined. For example, if the total is 41 and you bet “over,” you are betting that the two teams will score more than 41 points combined. You will lose your bet if they score 41 points or fewer.
Types of Bets
Now that you know some of the basics, let’s look at some of the bets you can make.
- Straight bets are simply wagers on which team will win or lose.
- Point spread bets are wagers made on teams based on certain point spreads. The most common type of sports betting.
- Moneyline bets are wagers on which team will win an event outright without any concern for a point spread.
- Parlays are wagers made on two or more teams in which all selections must be correct for the parlay to payout.
- Teasers are similar to parlays but with adjusted point spreads to increase the chances of winning.
Tips for Betting Successfully
Now that you know the basics of sports betting, here are a few tips to help increase your chances of winning:
- Do your homework and research both teams before placing a bet
- Knowledge is critical when it comes to sports betting. The more information you have about both teams and their past performance, the better your chance of making a wise decision when placing your bet.
- Start small and gradually increase your bets as you become more comfortable with the process.
- Don’t let your emotions guide your betting. Instead, stick to your pre-determined budget, and don’t bet more than you can afford to lose.
Conclusion:
We hope this beginner’s guide to sports betting has been helpful. Remember to do your research, start small, and don’t let your emotions guide your bets, and you’ll be on your way to successful sports betting.