If you’re new to the world of sporting betting, you’re in for a treat. There are plenty of amazing betting options available, and all you need to do to get started is:
- Pick a sport
- Pick a number of games
- Choose your sides (home advantage is great when you’re backing the favourites)
- Make your selection
- Checkout when the games start
- Place your bets
- Collect your winnings
As you might guess, there are a few techniques and tactics to making money from betting on sports. These are mostly based on mathematics and the ever-changing perceptions of those involved in the games. Despite this, every now and then a bet loses and you end up with nothing. When this happens, it’s usually because you didn’t do your research before making a wager, so now you’re faced with a big setback.
The Basics Of Spread Betting
If you’ve never placed a bet on a sporting event, you might wonder how spread betting works. Essentially, spread betting is placing a bet on the outcome of a sports event, where the point spread determines the payout.
Take the above example, where you’ve chosen football as the sport and made a pick of the Colorado vs Ohio State game. The spread for this game is currently +3 points, so if you bet $100 that Colorado will beat Ohio State by exactly 3 points, your bet will win $300.
Mathematically, this is quite simple to understand. If you bet $100 on Colorado, and they lose by 3 points, you’ll earn 300 dollars, but if they win, your bet will lose $100. If you spread bet on every match, regardless of whether you’re highly skilled at predicting the outcome of sporting events or not, you’ll earn money when your team beats the spread and lose when they don’t.
Further, you might wonder how much you should bet when betting against the spread. Most bookmakers will give you the option to make a ‘contrarian’ (or opposite) bet, where you stake the same amount on the other side of the bet, thus earning you money regardless of whether your team wins or loses. In the example above, if you decide to stake $100 on Ohio State, you’ll earn $300 no matter how the game turns out. The risk with this strategy, of course, is that if your team loses, you’ll lose your entire stake.
Why Spread Betting Is Popular
As you might imagine, spread betting is a popular option among those who bet on sports. As a betting strategy, it has a number of advantages. For one thing, it’s a great choice for those who are new to betting as it’s easy to understand and follow. For another, it’s a great option for those who enjoy taking risks, as you never know how a particular game might turn out. Still, one of the major advantages of spread betting is that you’ll always know what you’re risking. With traditional betting, you might find that you’ve risked $100 on a game where you thought your team had a good chance of winning, but in the event, they only score 2 points and you end up losing your entire stake. With spread betting, you make the same wager, but this time you know that even if your team loses, you’ll still come out ahead. You’ll also know how much you’ll win or lose, as opposed to having no idea what the payout might be for a single bet on a traditional sportsbook. In these situations, you might want to consider a parlay, or combining several bets on a single game. In the interest of full disclosure, several of the above advantages come from my own experience as a user of online betting companies, where I’m also inclined to promote them due to the fact I get a small commission when you make a purchase via one of my links.
Which Sport To Bet On
Depending on your expertise, you might wonder which sport to bet on. If you have a specific sport in mind, you should usually go for it. Otherwise, you should select a sport you know little about, but which is likely to make a significant amount of money. For example, if you’re a massive Star Wars fan and the betting company you’re using happens to have an abundance of sports games where Han Solo and the gang take on the universe, you might want to consider putting your money on the iconic smuggler. When it comes to selecting your game, you want to make sure that it’s one that’s high in demand and likely to generate a high return on investment. In other words, you want to pick a sport that will bring in the cash.
How Many Games To Bet On
Depending on your bankroll, you might wonder how many games you can afford to bet on. Most online betting companies and bookmakers will have you signup for an account with a credit card, where you can make a ‘test’ wager on any sport with the bonus of using real money. Once you make a test wager with real money, you’ll have to make a choice between placing more bets or taking a break. If you’re looking for a safe way to play, you might want to consider backing only a few high profile teams in a particular sport. For example, if you’re a huge baseball fan and want to place a bet on the New York Yankees, you might want to consider backing them in only a couple of games this week, so you don’t lose your entire bankroll. Of course, this is a completely subjective decision, but it’s a common one among those who use online betting companies. Inevitably, for those who follow sports, there will be weeks where your team loses every game and weeks where they win every game. Just remember, with the excitement of the sport and everything that goes along with it, it’s easy to get caught up in the moment and lose track of what you’re doing. Keep that in mind, and you’ll be fine.
Making A Winning Combination
If you’ve ever played the lottery, you might be familiar with how winning combinations work. Essentially, if you’ve played a 6-digit number on the lottery, you’ve most likely entered a winning combination. When this happens, the odds of you winning will drastically reduce, as there’s a finite number of combinations that can yield a winning result. In the above example, if you played the number ‘3456′, you would have entered a winning combination. In the unlikely event that someone wins all the numbers they’ve played, the chances of you winning are increased. For instance, if you’ve played the lucky numbers and you see that someone else has played those exact same numbers, the chances of you winning will increase. In this situation, it’s crucial to keep in mind that it’s purely a statistical improbability that you’ll win. To put it another way, it’s akin to hitting the lottery several times in a row. Of course, this is why playing the lottery is considered such a dangerous game, as the odds of you landing on a winning combination are astronomically low, but the possibility of you winning is constantly there.
Favourites Vs Underdogs
One of the most popular options for those who bet on sports is picking between the favourites and the underdogs. In the case of Colorado vs Ohio State, if you’ve picked the sportsbook you’re using to place wagers (and if you’re reading this, I assume you have), they’ll have given you the option of backing either team. Most likely, you’ll see that the line for this game is heavily in favour of Ohio State. When this happens, it’s essentially a coin toss as to whether Colorado will win or lose. If they’re a favourite, there’s usually very little you can do to make sure you win, aside from backing them in a bigger number of games than you’d normally bet on. Conversely, if they’re an underdog, there’s usually very little you can do to make sure you lose, aside from backing them in a smaller number of games.