Where to Start With Sports Betting

You don’t need to be an expert to start sports betting. How easy getting started is may surprise you.

Step 1: Setting a Budget

You need to think carefully about how much money you’re comfortable risking. When that’s settled, set up a weekly or monthly budget and stick to it no matter what.

Take into account that you’ll lose often when you’re just beginning, and you need to commit to only ever wagering money that you can afford to mislay.

Step 2: Deciding What Sport to Bet On

You used to only be able to wager on mainstream events, but those days are now far behind us, and your options are almost endless now!

Internet-based bookmakers offer markets on almost any sport that’s played professionally, and you’ll be able to get in on virtually every competition, league, and tournament there is. Because of this, it’s good to decide what you’re going to focus on right in the beginning.

Of course, you can change your mind whenever you want to but, at the start, stick to sports you know. And whether it’s American Football, Basketball, Golf, Soccer, or Tennis, you’ll have no problem comparing odds and finding a market that suits you.

Step 3: Joining a Betting Site

Unless you’ve had your head under a rock for the last couple of years, you’ll know that betting online is a vastly popular pastime these days. You can wager on Bingo games for Australians, Roulette variations for Russians, Baccarat titles for Bermudians, and anything else in between! This extends to sports betting sites too.

You’ll have plenty of choices when it comes to how to wager, and can opt to real-world it at a land-based bookmaker, conduct your business over the telephone, or turn your desktop, smartphone, or tablet into your own personal bookie.

The latter option is by far the best, particularly for beginners, thanks to the plethora of bonuses, special offers, and promotions available on the internet. Plus, these sites make it incredibly easy to start wagering.

Step 4: Learn Odds

You must have a working knowledge of odds to start betting, and this can be boiled down to three key points.

  1. They can be expressed in three different formats.
  2. They are used to calculate the payout you’ll receive if you win.
  3. They indicate how likely a successful wager is.

Start exploring these topics and you’ll be well on your way to winning big.

Step 5: Familiarise Yourself With Sports Bet Types

You don’t need to know them all to start with and you’ll want to keep things as straightforward as you can initially. But do investigate the following:

  • Win or Moneyline Bets

All you’re doing here is choosing which team or athlete is going to win an event.

  • The Point Spread Wager

Point Spreads are used to even the odds between two unevenly matched teams or players. Each participant or squad is given a points total by the oddsmaker that will be either added to or subscribed from the final score and so factors in to whether or not your bet wins or loses.