3/31/2022

Online Sports Betting For Dummies

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Online Sports Betting For Dummies Amazon

How to Read Sports Odds and Betting Lines

I’ve titled this Sports Betting For Dummies. It’s a tutorial for those who want to start betting on sports or those who want to gain a better understanding of some of the terminology and theory behind it. We’ve all been in the position of learning something new, so please don’t be embarrassed if you don’t grasp these concepts. Instead, contact me via the form at the bottom of this page, and I’ll help you in any way I can.

Apr 27, 2020 At first glance, the list of options at the best sports betting jackpots can seem overpowering even to a veteran gambler. So here we have our version of sports betting for dummies. Jackpot Finder’s own tips to help novices settle down into the world of online sports betting and guide them responsibly into a rewarding pastime. So, it’s the same when you decide to bet on sports events. One of the basic things is to choose the right online bookmaker, as you’ll probably bet online. There are a lot of online bookmakers, so it can be really difficult for a beginner to decide.

You want to put a few coins on this weekend’s games, or perhaps you just want to be able to decode all of that jibberish you see in the sports section every week. How do you read those sports odds, and what does over/under, minus/plus, giving points, taking points mean?

Learn betting basics like how to read & understand odds, moneyline betting, betting against the spread and over / under bets. Articles cover introductory betting concepts for beginner bettors to learn the in's and out's of online betting. 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. Jun 16, 2016 How Does Betting on the Total Work? An example of an over/under line for someone learning how to bet on sports online might be the NY Giants vs New England Patriots game below. Here, the total is 45.5. You bet whether the total points scored by both teams will be more than or less than 45.5.

WHAT DOES IT ALL MEAN?

I will painlessly explain all of the mysteries of sports betting 101 aka “Sports Betting for Dummies.” First of all, you have nothing to be ashamed of, you have taken the first and most important step of all – learning! Why waste money on a game that you don’t fully understand? You shouldn’t! That is why you are here now, to learn how it works and how to win!

Topic #1 The Point Spread and Totals

Okay, you look at the games for Sunday and you see the betting lines displayed something similar to;

San Francisco -5 vs. St. Louis 41

You may look at that and be intimidated and feel helpless, but I’m going to decode this little bugger for you. This is the betting line – not the odds. The odds are what you are to be paid (covered later).

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Online Sports Betting For Dummies Online

Whenever you see a team with a (-) negative number next to them, (-5 in this case), it means that team is favored to win by that number of points.

The number after the matchup (41) is the projected total points to be scored by both teams added together. There are two options here. A player can choose to bet on the matchup, either San Fran -5 points or St. Louis +5 points.

For the player who wagers on San Francisco -5, San Fran must win by more than 5 points for this to be a winning bet. For the player who wagers on St. Louis +5, they must either win the game or lose by less than 5 points for this to be a winning bet. If the outcome falls on the number, the bet is declared a “Push” and your original stake amount gets refunded.

See, that wasn’t too difficult, was it?

Sometimes you will see the points displayed as half numbers like San Fran -5.5. If you bet on San Fran, and they win by 6, you win the bet. If they win by 5 or less, you lose. Clear? If not, submit your question in the form at the bottom of the page and ask me. I’m here to help.

Okay, so the other betting option available to you is the total or ‘Over/Under.’ You can choose to bet that the total points between the two teams will either be greater (OVER) or less than (UNDER) the projected total. Again, if you bet either way and the game ends up being 20-21, for a total of 41 points, then you will receive a refund of your wager amount.

Topic # 2 The Moneyline or Straight-Up wager

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This is where you simply wager on which team will win the game outright, no point spreads, no BS…just the straight up winner. Although this may appear to be easier, you will pay for it as the odds (payout) will reflect the lack of a point spread. If you wager on a favorite, then you will win less than with a point spread, but if you wager on the underdog…and win…you will receive and even greater win amount based on the higher risk taken.

Topic # 3 How to Read Sports Betting Odds

Okay, so you have made your selection, now what? How much do I bet, and how much will I win? Standard questions, and great questions for new sports bettors to ask! There are three ways that you will typically see odds displayed, as a fraction 2/1 (or 2 to 1), as a decimal 2.00, or “American Style Betting Odds” +100.

For reading the fraction odds, I strongly recommend converting them to a decimal. This will make figuring out your potential win much much easier! To do this, just like in 2nd grade, you take the first number and divide it by the second. So if your odds read 7/4, you simply divide (7) by (4), which equals 1.75. That is the decimal form odds, now you simply multiply (1.75) by whatever your wager amount is to figure out your potential profit. In this case, if you were to risk $100, then your potential win would be $175 profit if you are correct! Also, you will receive your initial bet amount of $100 as well, for a total of $275 in your hand.

Online Sports Betting For Dummies

Now for American Style Sports Odds. Typically, when you are betting on the point spread, as in topic #1 above, the odds are displayed or implied to be (-110), which is known as American Style odds. The American Style odds format is based on $100. When the number, is displayed as a negative number (-110), it indicates how much money you must risk to realize a profit of $100. In our scenario, you must wager $110 to win $100 profit. If you do, you will receive $210 when you cash in…the winning amount PLUS your initial wager amount.

When you see the number displayed as a positive number such as (+150), it indicates how much money you will profit if you RISK $100. So, if you wager $100 on a team that pays (+150), and you win, you will receive $250. That is the $150 that you won, plus your $100 original stake returned.

Topic #4 Now What?

Now that you have the basics down, there is only one thing left to discuss – where to bet that is safe. I strongly recommend that you start by wagering on only one pick per day. You don’t want to spread yourself too thin and have your hand in every match available. If you bet that way, you will surely get nickel and dimed out of your bankroll. Spend time studying the teams and choose your best selection available. Decide on a budget of how much you are willing to risk. Now you need a reputable online sportsbook (online sports betting site) to do business.

There are millions of sites out there, but only a handful that will treat you right. I deal with a few main sites in my personal online sports betting,Bovada, BetOnline, and MyBookie.

Online Sports Betting For Dummies Free

Check these sites out and see which one fits you best. Maybe you will take advantage of the bonuses at those sites and then decide which one you want to continue to use. I prefer to use multiple sites, so I have a selection of lines to choose from to get the best available payout! Whether you want to bet $1 or $500, any of these sites will work just fine for you and pay you quickly when you win. If you want more details and options, just go to the sportsbook reviews and ratings page.

Online sports betting for dummies free

I hope that I have answered some of the nagging questions about sports betting and how it works. Feel free to use the form below to contact me directly with any question you may have. I’m here to help you understand and win! Good luck!

Also, be sure to check out my free sports picks!

Interested in online gambling, but don’t want to do something too complicated? Try sports betting! Sports betting is considered by many to be the easiest form of gambling to get started with. When betting on sports, your goal is essentially to predict the outcome of a sports event and wager money according to what you think is going to happen. When you’re right, you win money. And when you’re wrong, you lose money.

Even those who have no real interest in betting on sports have at least a basic understanding of what’s involved. Actually, the main reason why it’s so easy to get started with sports betting is that you don’t actually NEED to know anything other than the basics.

Online Sports Betting For Dummies Beginners

Now, we’re not telling you this to suggest that you shouldn’t try to learn more. You are going to be putting your hard-earned money at risk, so the more you know, the better. A proper understanding of how everything works is very useful, even if you only plan to bet every now and then for fun. It’s pretty much vital if you want to take things seriously and have a chance of making long-term profits.

Sports Betting For Dummies Las Vegas

We’re not suggesting that you should learn everything there is to know about sports betting before even getting started. While that’s not necessary, there are definitely a few things you need to be aware of. That’s why we wrote this article. It’s essentially a summary of everything we think you should know before putting your money at risk. A lot of what we cover here is explained in more detail elsewhere in our sports betting guide. That’s because this article was created for complete beginners, and we left some of the more complicated details out.

We start by explaining what fixed odds betting is, as this is the most common form of sports betting. We look at the five main components of a sports wager and provide some examples. Then we explain how there are different types of wagers and some alternative forms of sports betting, too. We briefly cover how to actually place wagers with bookmakers, and look at the various types of bookmakers. We also explain how and why they make money. We finish by discussing the importance of defining your sports betting objectives.