The future of sports betting in the United States is bright. It’s expected to be legal in 37 states and generate $6 billion in revenue a year by 2023.
As the industry emerges from COVID-19, more states are turning to sports betting to make up for budget gaps. What that means for you is that you’re able to bet on sports from almost anywhere.
If you’re interested in learning the top sports betting tips, keep reading. This guide is the perfect place for beginners to learn how to make money sports betting.
Reading the Numbers
What do the numbers mean in sports betting? When you look at the sports betting odds, you’ll see numbers displayed as + or -. This is the moneyline.
The positive number is for the underdog. For instance, the Buffalo Bills at +150 means that you’ll get $150 back if you bet $100.
On the flip side, the negative number is the favorite. A team with a moneyline of -125 means that you have to bet $100 to win $125 back.
Take a look at the best bets today. You’ll also see a percentage of probability set by the bookmakers. You’ll also see an edge, which helps you spot the opportunities to go against the odds.
That is a high-risk, high-reward type of bet that can make you profitable.
Hockey, soccer, and other team sports have other odds to bet on, too. You might see an over/under bet, which is a bet on the total amount of points scored in a match.
For instance, Italy and Spain meet in a major soccer tournament. The over is 3.5, meaning that there have to be 4 or more goals for you to win. The .5 part of the bet ensures a win or a loss.
Another bet is to bet on the favorite by the number of goals scored. This is just like betting the point spread in American football. Italy is favored by 1.5, so they need to win by 2 or more goals.
Picking the Right Sportsbook
You need to make sure that you have a good sportsbook to place your bets. There are retail sportsbooks that you can stop by, watch a game, and place your bets in person.
You can also download an app and partake in online sports betting. There’s nothing like sitting on the couch all day with your phone in hand and placing bets on sports.
It helps to compare the different sportsbooks in your state before settling on one. Look at things like sign-up bonuses and free bets.
You have to have a lot of discipline to do that. It’s way too easy to gamble away your grocery money.
Sports Betting for Beginners
Did you learn the basics of sports betting? Those numbers seem like a complete mystery at first, but they’re much easier to decode over time.
Don’t let the numbers intimidate you! You know what they mean and you’re in a great position to make money from sports betting.
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