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Guide To Betting

Guide To Betting 1. participation

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Guide To Betting

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Here are a couple of tips for smarter sports betting:. It may seem obvious, but the first step to smarter sports betting is to have a clear line as to your maximum budget.

Keep tabs on it as you go along and know that you are prepared to step away. Always remember the adage — never bet money that you cannot afford to lose.

When it comes to sports betting, having an insider perspective on the sport is going to give you a head-start. Being good with numbers is also going to be an asset, so if you are a bit rusty, do some practice as you want to be able to make sense of the stats, odds and probabilities you need to pick a potential winner.

Knowing your betting attitude and fine-tuning it so you can keep to your betting plan will be hugely beneficial in the long run.

This gives you. Then, figure out the revised money line by subtracting this number from 1, and then dividing that into the result of the no-juice percentage multiplied by This gives you x.

If you want to do this with decimal lines, you follow the same first step for each to find no-juice percentages. We have already given you these for our example numbers, at values of As you can see, the decimal lines are still pretty different, but the American lines are almost identical without juice.

This underscores the fact that sportsbooks tend to ensure their income through the money they charge on the juice for bets on favored teams.

The following are some of the most common types of wagers. You will especially be betting on money lines if you prefer to bet on baseball or hockey.

In basketball and football, it is generally only common to bet on money lines if you are betting on the underdog, as money lines for each of those two sports tend to be rather high and charge a lot of juice on favored teams.

When you bet on the money lines, literally all you are betting on is whether or not a particular team is going to win the game.

You will also see money lines on other types of bets, as a means of telling you the payout for each one. These are not the most common type of wager, but they occur with relative frequency in all major sports.

All that matters is the total between them. So in a game between two teams in which the given total is , you might bet under if you expect a low-scoring game in which neither team clears points.

You might also bet over if you expect both teams to score well over , or even if you just expect one team to score enough to clear the difference.

If, however, the above game results in a combined score of , the game will result in what is known as a push. This means that nobody wins, and all of the money is refunded.

Sometimes, sportsbooks will try to prevent this from happening by setting totals numbers with half-points on the end. The point spread will always be the same number for each team, and again the positive number will denote which team is the underdog while the negative number indicates the favorites.

The money lines for each team, however, may differ slightly. Point spreads are the most common type of bet for basketball and football games.

The way point spreads work is that the favored team has to win by more points than indicated by the spread, while the underdog has to either win the game or else simply lose by fewer points than indicated by the spread.

Since there are technically more outcomes that will allow the underdog to beat the spread, you will sometimes see more juice charged on the underdog when you are betting on point spreads.

A sportsbook with these odds is expecting Golden State to win, but they are slightly favoring the Cavs to beat the spread and are therefore collecting more juice on those bets.

Also note in the above example that the point spread is given a half-point, meaning that Cleveland must lose by 12 or less or else win the game , while the Warriors have to win by 13 or more.

A push in regards to point spreads is when the difference between the two scores is exactly the same number as the number listed for the point spread, similar to its definition in totals play.

It is not too difficult to understand why many sportsbooks prefer to use half-points to prevent this from happening. Parlays are similar to betting point spreads, but in this case you are betting on more than one game at the same time.

The first thing you need to know is that they are incredibly risky, since losing any one of the games that you add to your parlay results in a loss on the whole thing.

The reason that some people like to bet parlays is that the odds appear to be greater. The money line for a parlay will usually be determined by taking each of the decimal lines for the teams that you have wagered on, multiplying them by one another, and converting them to the appropriate money line.

However, they do not always work this way, and each sportsbook may vary in how they arrive at their given payout.

Many, for instance, will ignore the money lines for each team in the parlay and simply set their odds according to how many teams are included.

Also note that many sportsbooks will offer teasers , parlays in which the spreads have been altered to make them easier to beat.

However, the payout on such bets is usually far less than it would be for a standard parlay, and the odds of winning every bet included in the parlay are still rather low.

There are other bets that we have not covered in detail, such as futures , prop bets , and more.

However, they may simply lead up to smaller championships, usually with a slightly smaller payout. Proposition bets, or prop bets, are generally bets on specific stats.

There is an immense variation in which prop bets might be offered at various sportsbooks. These bets are not necessarily too common for beginners, although they can certainly be fun in moderation.

The odds of winning prop bets will depend upon the nature of the prop bets themselves, so be sure not to overdo them and only make use of prop bets at your utmost discretion.

This covers most major types of bets, and should certainly get you through the basics of what you need to know. Any information you are looking for that is not covered by the above regarding various types of wagers will likely fall far outside the purview of a beginners guide to sports betting such as this one.

But who are the people setting these lines in the first place? More importantly, just how do they operate?

Well, usually, sportsbooks will open their lines fairly early. Things start to change, however, as more and more bettors make their plays. As we have mentioned before, the oddsmakers have to make sure that approximately equal numbers of bettors are betting on each side of the line if they want to make sure that they make a solid profit from the juice.

As bettors make their plays at the sportsbooks, the bookmakers look to see which side is getting more bets and adjust the lines to try and lure more bettors into betting on the side that has been neglected by comparison.

Once the sportsbooks begin to achieve a balance between bets on each sides of the lines, they will likely start to raise the betting limits. Of course, not every sportsbook will follow this exact same strategy.

Some sportsbooks might not alter their lines too much, while some may try to influence bets to lean toward one side rather than trying to strike a balance.

It all depends upon the goals of the bookmakers and how they think they are likely to make more money. Some will also engage in a practice called shading, which is basically inflating the value of the team they expect to be more popular with bettors.

There are a lot of chalk players out there, bettors who will only wager on teams that are favored by the sportsbooks.

These types of bettors make it easy for sportsbooks to shade their lines, because they know that these players will pay the extra juice for the promise of reduced winnings, rather than taking a chance on the underdog.

It should be clear by now that the sportsbooks have it figured out in terms of how they can be most profitable. Your profits may start small, but will grow into something bigger over time.

We already told you about chalk players in the section above, and you might notice that the way we described them kind of made them sound like fodder for the sportsbooks.

Now, do you think that they would have sounded that way if they were constantly just rolling in the dough? There is no such thing as a set winner, and you may notice that the decimal lines we gave you when we were looking at no-juice lines in the above sections were much closer than the decimal lines we gave before factoring out the vigorish.

Some sites that specialize in giving advice to those with an interest in sports betting have suggested tracking your plays for as much as a full year before deciding whether or not you think you have the edge that it takes to be a profitable sports bettor.

To be a truly profitable sports bettor, you have to check a few things when tracking your picks. First of all, you want to see how your picks fare in comparison to the opening lines set by the sportsbooks, not just the closing lines.

Bear in mind that the lines shift over time, so the opening lines are more indicative of what the sportsbook was actually expecting from each team. When tracking your bets, there are a few more specific stats you will want to note.

The first is your ROI, or return on investment. Divide your profits on a bet by the amount you put into it, and you will see about how much you are making on an average play.

You will want to look at your ROI for individual wins, but you also want to see the profit you have made over time compared to how much money you have put forth in general since you began your foray into sports betting.

You also want to see how often you are beating the closing line. Do not just look at how often you have beat the closing line, but also figure out the average for how many times you have beaten it compared to how many times you have wagered.

Please see the following article. In addition to rating the best sites overall, we also rate them in a wide range of different categories.

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This section of our sports betting guide is arguably the most valuable of all. But before we go any further, we need to make something very clear.

Some of the information and advice we provide is straightforward and easy to understand, which means you should be able to put it to good use right away.

Our goal is to help you to develop your betting skills, and teach you how to make good betting decisions on regular and consistent basis. Placing wagers on a tennis match, for example, requires a different skill set than placing wagers on a basketball game.

These feature information, advice and strategy that are specifically relevant to the sport in question. They also contain details of the major tournaments, leagues and events you can wager on.

Our most popular guide is our football guide. This is extremely comprehensive, and includes an extensive strategy section covering both the NFL and college football.

We also provide detailed guides on other well-known sports, and some of the less popular ones. We also have guides dedicated to some of the biggest sports events.

These are all listed below. For example, we provide a useful odds converter tool. This is free to use, and can quickly convert odds into your preferred format.

It calculates the implied probability of odds too. This will definitely come in handy. If you want to expand your knowledge even further, the books on this list can all teach you something new.

The following articles can do that too. The information and advice in this guide is so extensive that it will answer any question you could possibly have about sports betting.

It will probably even answer questions you have never thought of before. Before you get overwhelmed, we suggest reading through the rest of this article.

For your convenience, we have selected a few of the MOST frequently asked questions and explained them in detail below. Where do we start? There are MANY reasons why sports betting is such a popular form of gambling.

People also like the options they have to choose from when it comes to sports betting. Not only are there a wide variety of different sports available, but there are all kinds of different wagering options too.

Some people like the challenge it presents. Others simply enjoy the thrill that comes from betting on sports.

One of the main reasons why sports betting is so popular is because it comes with the possibility of winning money. All we have to do is make a selection, get our money down, and we have the chance of earning a nice payout.

Yes, yes and yes again. And, yes, losing is always a possibility. But there are plenty of people out there who beat the bookmakers time and time again.

Can YOU do the same? You just need the right approach, the right skills and the right knowledge. All of that and more can be found right here in this guide.

These customers are usually more concerned with having fun than winning money, which is completely fine. The simple fact is that beating the bookmakers is very, very hard.

It takes a lot of time and effort to become a successful sports bettor. It depends. The best advice we can offer here is simply to check your local laws.

Relatively speaking, you can spend as much or as little money as you want. The most important thing to remember is that you should only ever bet with money you can afford to lose.

Risking disposable income is fine, but risking the rent money is NOT. As with any form of gambling, or with any activity for that matter, there IS a risk of addiction.

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Many, for instance, will ignore the money lines for each team in the parlay and simply set their odds according to how many teams are included.

Also note that many sportsbooks will offer teasers , parlays in which the spreads have been altered to make them easier to beat. However, the payout on such bets is usually far less than it would be for a standard parlay, and the odds of winning every bet included in the parlay are still rather low.

There are other bets that we have not covered in detail, such as futures , prop bets , and more. However, they may simply lead up to smaller championships, usually with a slightly smaller payout.

Proposition bets, or prop bets, are generally bets on specific stats. There is an immense variation in which prop bets might be offered at various sportsbooks.

These bets are not necessarily too common for beginners, although they can certainly be fun in moderation. The odds of winning prop bets will depend upon the nature of the prop bets themselves, so be sure not to overdo them and only make use of prop bets at your utmost discretion.

This covers most major types of bets, and should certainly get you through the basics of what you need to know.

Any information you are looking for that is not covered by the above regarding various types of wagers will likely fall far outside the purview of a beginners guide to sports betting such as this one.

But who are the people setting these lines in the first place? More importantly, just how do they operate? Well, usually, sportsbooks will open their lines fairly early.

Things start to change, however, as more and more bettors make their plays. As we have mentioned before, the oddsmakers have to make sure that approximately equal numbers of bettors are betting on each side of the line if they want to make sure that they make a solid profit from the juice.

As bettors make their plays at the sportsbooks, the bookmakers look to see which side is getting more bets and adjust the lines to try and lure more bettors into betting on the side that has been neglected by comparison.

Once the sportsbooks begin to achieve a balance between bets on each sides of the lines, they will likely start to raise the betting limits. Of course, not every sportsbook will follow this exact same strategy.

Some sportsbooks might not alter their lines too much, while some may try to influence bets to lean toward one side rather than trying to strike a balance.

It all depends upon the goals of the bookmakers and how they think they are likely to make more money.

Some will also engage in a practice called shading, which is basically inflating the value of the team they expect to be more popular with bettors.

There are a lot of chalk players out there, bettors who will only wager on teams that are favored by the sportsbooks. These types of bettors make it easy for sportsbooks to shade their lines, because they know that these players will pay the extra juice for the promise of reduced winnings, rather than taking a chance on the underdog.

It should be clear by now that the sportsbooks have it figured out in terms of how they can be most profitable. Your profits may start small, but will grow into something bigger over time.

We already told you about chalk players in the section above, and you might notice that the way we described them kind of made them sound like fodder for the sportsbooks.

Now, do you think that they would have sounded that way if they were constantly just rolling in the dough?

There is no such thing as a set winner, and you may notice that the decimal lines we gave you when we were looking at no-juice lines in the above sections were much closer than the decimal lines we gave before factoring out the vigorish.

Some sites that specialize in giving advice to those with an interest in sports betting have suggested tracking your plays for as much as a full year before deciding whether or not you think you have the edge that it takes to be a profitable sports bettor.

To be a truly profitable sports bettor, you have to check a few things when tracking your picks. First of all, you want to see how your picks fare in comparison to the opening lines set by the sportsbooks, not just the closing lines.

Bear in mind that the lines shift over time, so the opening lines are more indicative of what the sportsbook was actually expecting from each team.

When tracking your bets, there are a few more specific stats you will want to note. The first is your ROI, or return on investment.

Divide your profits on a bet by the amount you put into it, and you will see about how much you are making on an average play.

You will want to look at your ROI for individual wins, but you also want to see the profit you have made over time compared to how much money you have put forth in general since you began your foray into sports betting.

You also want to see how often you are beating the closing line. Do not just look at how often you have beat the closing line, but also figure out the average for how many times you have beaten it compared to how many times you have wagered.

You may not fully understand this as a beginner, but the frequency with which a handicapper is able to beat the closing line is a reflection on their skill level, as it is unlikely that they are beating the closing line often by sheer luck alone.

Some will give you other useful stats such as your Z score, which predicts your possible rate of success in the future.

You definitely want a service that offers this stat. Another stat that should be offered by the service you choose to utilize is R-squared.

It is a bit difficult to explain mathematically, but basically you are looking at consistency. Consistency in your win rate also allows you some leeway in terms of bankroll management.

If you want to make sure that you really have an edge when it comes to sports betting, then your pick tracker should offer this stat. Do some research and figure out which service you like most, focusing on services with stats such as R-squared and Z scores.

We have already written a number of articles on which stats you must heed when betting on various sports, most of which were linked in the intro to this guide.

Look around at some of our articles on various sports, and figure out which stats you need to be researching in order to make the best plays you can.

And if that sounds like too much work, then ask yourself the following question…. We linked our packages page at the beginning of this guide, but there are things that you need to know about us and really about all handicapping consultants if you are going to bother using our services to begin with.

If you can afford the help of consistent winners such as ourselves then we recommend you take advantage of what we have to offer, but you might still want to know a little bit about how we work.

Now, while we and many of our competitors may occasionally mention win percentages, we already covered above that these percentages do not have to be too high to be profitable.

You will be working with a low sample size, but it will still be helpful to have these numbers. Of course, another major thing that you will need to look at is the sheer price of the service you are planning to use.

If you have looked at our packages page and have tracked some picks using our free trial , then you already know whether or not we are the service for you.

But, in fairness to you, we should suggest that you do not pick a package that costs more than the amount you have in your bankroll.

Remember that you will not always get your payouts immediately, so even winning with such numbers can feel a lot like losing in the short term.

Remember that truly successful sports bettors often make profits that are relatively small, but still worth the effort they have put forth.

Someone promising to profit from just about every play is trying to sell you lies because they think that you are either irrational, inexperienced, or both.

And while we maintain that this is a much less exciting way to bet, there are some benefits to it. If you want to trust the service you are using, you might want to refrain from watching most games for a while.

Your emotions during these games may cloud your judgment. Go by the numbers, not by how you felt when watching the games.

This can be true whether your plays are winning or losing. If you win numerous times in a row, you might think that you can push your streak, whereas losing too many times in a row may cause you to become reckless out of desperation.

Stay the course. The last thing we want to talk about in terms of profitability is the sports on which you choose to bet. It is highly unlikely that a bettor would ever manage to beat the closing line on every single game like this, but this will still provide you with an idea of how profitable each sport can be.

As such, these are the sports for which we read the following numbers. In each sport, college bets seemed to offer greater profitability.

Bets on college basketball games were also more frequent, with a sample size of compared to the NBA sample size of If ever there was a post to comment on with your questions this would be it!

The only stupid question is the one not asked. Unfortunately a lot of money is wasted because people place bets without really knowing too much about what they are doing.

If you know someone like that please feel free to share this with them. If you feel confident enough to start actually betting on football matches, then might I suggest you sign up as a member , or perhaps register with a good online bookies.

You can get a sample of our free tips here. Join our free email course to learn all about football betting. You will learn theory and techniques to make you a better bettor!

Sign up for free. Beginners Guide to Football Betting This is a beginners guide to football betting, written by a beginner!

Accumulator — A football accumulator is a series of single bets grouped together, if each of the bets comes off then the odds accumulate together.

Normally when you hear of people putting a fiver on something and winning a couple of thousand it is because of accumulators. Because each bet needs to win though they can be risky.

Handicap — This is a bet that is offered when one team is the clear favourite — Think Brazil vs your local old boys team!

The handicap gives a small advantage to the underdog. For example, there may be a one goal head start given to the underdog.

I am going to explain Handicapping more later in this article. So you could predict a draw at half time but for the home team to win by full time.

Banker — This is basically the closet thing to a certainty as you can get, the tipster is very sure that the bet will land if they consider it a banker.

For example we give banker tips to our members. Knowing the starting line-ups and whether key players are rested or out injured can also help with deciding this bet.

You can bet on two of the three outcomes of the match to increase your chance of winning. The combinations are:. If either of your combinations wins you will be paid out.

The odds are often lower than betting on just a match outcome as there is more chance of winning but are good for bettors who may want a higher chance of winning.

Accumulators are amongsome of the most popular forms of betting on football as you can win huge pay-outs for small stakes.

An accumulator is more than four selections, while two selections is a two-fold and three selections is a three-fold.

So, for example, you will be betting on more than one football match and this can be as many games as you want, with the odds increasing the more teams and higher odds you add.

The stake multiplies for different accumulators. An example of this is picking five football matches for an accumulator and selecting singles would mean your stake would increase x5.

You can bet on a variety of outcomes to do with goalscorers. You can bet on a player to be the first and last scorer or to score anytime.

The odds for betting on first and last are more than scoring any time as it is less likely to happen. These bets can be good for if a particular player is on good form or if a team is much better than the other and it becomes likely a player will score.

A Scorecast is where you are able to guess a goalscorer and the result. For example, you can bet on Mohamed Salah to score and Liverpool to win, or guess the correct score Liverpool will win by.

This increases your odds as there is no more than one outcome to be determined. Some bookmakers will let you choose the goalscorer in a Scorecast being first, last or any time.

You can also just bet on the score of a match. You will pick the result you think will happen and if correct you will win your bet.

Bookmakers will give the bettor a number and they can predict the result to be either over that number or under it.

Most providers will use 2. The reason why there is a. This means that there will always be either one of two outcomes on the bet.

This is where you bet on the outcome of a match, but if it ends in a draw then you will get your stake back. However, this means the odds will usually be lower than other markets.

The most popular is usually the first manager to be sacked, where you bet on which coach will have their contract terminated during the course of the season.

There are also player markets such as next club for a player or top goalscorer where you select a player to deliver on an outcome. The first thing to remember is that there is no sure bet in football.

Guide To Betting

Guide To Betting Video

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