How to Get Started With Sports Betting

Sports betting is simply placing a wager on a sporting event. You are betting that your team, horse, dog, or driver will win. If they do win, so do you! If they lose, you lose your bet amount. Sports betting takes place all over the world, though in the United States this type of betting is not as highly accepted as it is in Europe.

Online sports betting is probably the best option for those who are interesting in trying it for the first time. If you have never tried online sports betting, you are missing so much fun and excitement, and it can all happen in the comfortable surroundings of your home! The art of sports betting can seem confusing at first, but once you are familiar with some of the jargon that is used to explain the concepts and logic behind each type of bet, it is all much easier to understand.

One of the best ways for you to experience this engaging way to bet on your favourite racing and sporting events is to get acquainted with online sports betting. However, in order to best take advantage of all that sports betting has to offer, you need to know a little more about it.

Sports Betting - The Odds

How does online sports betting work? You should start by studying the odds for the sporting event you are most interested in placing a wager upon. When using online sports betting, you can find these odds in the various online sports books used by Internet gamers everywhere. You must open an account with an online sports book before you can place your bet, but this is simple to do.

Once you have chosen where you are going to do your sports betting, you need to decide how you are going to place your bet. There are many different ways for you to wager your chosen amount of money, but first, let's talk about the spread and how it can affect the amount you bet.

Sports Betting - The Spread

The spread is a point advantage in sports betting, which is usually given to the team that is generally expected to lose a particular sporting event. If you decide that you will bet on the team that is expected to win, they will have to win by more than the spread number and cover the spread before you are considered to have chosen correctly. If you choose the team that is expected to lose, that team will have to lose by less than the spread number in order for your pick to be considered correct. If by chance the team wins by the number of points that were chosen as the spread, the game is called a push.

No one who engages in sports betting wins a thing if a game is called as a push, but you do get the amount of your original bet back. The point spread is done in order to make the all of the bets come out even for the sports book, and is usually done for sports such as basketball or football.

Sports Betting - The Bet

If you were to bet against the spread, most likely you would place a type of bet called an 11-10, or spread bet. By betting $11, you win $10 if your team's score covers the spread. This is another way that the online sports book makes its money.

An over-under bet is also an 11-10 bet. With this type of bet, the total score of the two teams that played will be either over or under the total score that was listed before the game was played. Betting on the score being over is called 'betting on the ball'. Betting on the score being under is called 'betting on the clock'.

A proposition bet is a type of bet where the online sports book chooses what the odds and the conditions of the bet are going to be. This type of bet can be most interesting, even a little fun at times, for the conditions can be as unusual as which of two football teams will make the most touchdowns, which of two basketball teams will score the most three pointers, or even which individual player will make a certain move for the team. The odds for this kind of bet are sometimes 11-10, but can be better or worse depending on the circumstances.

A parlay bet happens when you are betting on more than one event, usually three. This type of bet gives you a much higher payout if you should win, but the catch is that all the events you bet on will have to win. If even one of them loses, they all lose, and you lose the amount that you bet.

A money line bet seems rather formidable, especially to someone who is just getting into online sports betting, but it is really one of the simplest bets of all. It is also called a Straight Up bet, and there is no point spread to consider. You will just choose your sport, and then the team you think will be either the underdog or the favourite. In a money line bet, the sports book will have numbers listed that are in the hundreds, with either a plus or a minus sign beside them. These numbers are considered the 'money line', and are the multipliers for the bets.

If the money line for your team is listed as 100, you will make an even bet. This means you will wager the same amount that you will get back. If the money line reads -110, then you must come up with the amount of money you have decided to bet, plus 10%. This extra 10% is known by the name of 'juice'. If the money line for your team is listed as +110, then you simply place your bet with the amount you choose to bet. If you win a money line bet, you get the amount of your bet plus 10% back. For example, if you bet $10.00 and $1.00 in juice on a -110 money line and it wins, you get $21. 00.

A teaser bet in sports betting is actually a proposition bet that allows you to change the odds for the bet in either direction so that the wager is in your favor. You can go up or down in points, and must choose at least two teams, as is done in a parlay bet. You can have as many as 6 separate teams included on a teaser bet, but all of the teams chosen have to win in order for your bet to be declared a winning one. Once the games are over, the points from the teaser bet are added or subtracted from the final scores. The odds for teaser bets can be different each time, so it is a good plan to always check the sports book before placing your bet.

A tip to remember is that generally, when placing a wager on any sport that can finish with a high score, such as football, you will have a spread. Sports where the ending score is low, such as in baseball will have a money line. Remember also that favorable odds on a game can sometimes work in your favor. Online sports betting allows you to easily go from sports book to sports book to find the best odds.

Cindy Leggett is an inveterate reader, writer and information addict who enjoys creating web articles. One of her favorite places in the world is Las Vegas, where she continues to hone her knowledge of gambling and gambling trivia. For the latest gambling news, casino reviews, best rated online casinos.

Discussion 10 Betting Mistakes

1) Failure to Use Betting Banks

Most gamblers fail to comprehend that the best strategy for accomplishing a solid and maintained long haul benefit from dashing is to set aside an entirety of cash far from your fundamental accounts, exclusively for the wagering of steeds. Whatever technique or framework you are utilizing, whoever you are taking after or subscribing to or however your own wagers are figured, you are in an ideal situation with a "Wagering Bank" that has assembled - in points of interest that can help you. It should be autonomous from your very own funds and should be shielded from variables that can debilitate it. This can remove a ton of feeling from the basic leadership prepare. Feeling is an element that debilitates all punters. The extent of your wagering bank will obviously be reliant upon your own particular individual conditions and free capital accessible.

An analogy to the world of shares perhaps may be that no financial advisor worth his salt would advise you throw all your capital into the stock market alone. The vast majority of punters fail to use any form of set aside bank. They bet randomly with what ever money they have in their pocket at the end of the week or go in too deep with stakes far in excess of their personal safety levels. A punter with a professional attitude will set aside what he can comfortably afford to invest and then determine the best use he can make of that fixed sum of capital. With a fixed sum of capital available you now move on to the next reason for failure.

2) Failure to Stake Correctly

It is essential that you consider your wagering bank as topped in sum. You don't have an interminable pool of assets to dunk into. Wagering by its inclination conveys characteristic dangers. These dangers incorporate times of low strike rates and long losing runs. You're wagering bank and staking ought to be adjusted for the technique you utilize. You should ahead of time, set yourself up for the likelihood of a more regrettable than normal grouping of failures through appropriation of an adequate number of units in your wagering bank. Amend orderly staking notwithstanding the numerical preferred standpoint, can likewise beat the danger of passionate response to a succession of bizarrely positive or negative results.


3) Chasing Losses

Chasing losses at first sight may appear to be an easy way to guarantee an eventual profit but the true story is it is a game for fools and statistically will not work unless you generate an overall level stakes profit. Chasing losses is a game for the ill informed who do not want to make the effort to seek value in their bets. Bookmakers have to price
up every race. Punters don't have to play in every race, they can pick the races they want to bet in,and that is the main edge that people fail to understand.

If you have had a losing day, by attempting to chasing your losses you give up that advantage and bet in the races that you should not be betting in. You are therefore betting the way bookmakers want you to and not in the way to win. Many punters will alter their stakes in the last race either to
"chase" losses or "play up" winnings. Its no coincidence that the
bookmakers have ensured that the last race on each day is often a handicap or one of the hardest races that day. There will be more racing the next day and the day after that.

The secret is waiting for opportunities and only betting when you know you have circumstances which favour you and not the bookmakers. You must never change your approach, or deviate from sensible staking as there is no such things as "The Last Race".

4) Lack of Value Appreciation

Appreciation of "value" in a bet is core to long term success.
To profit over a long series of bets you must be betting at odds greater than the true chance of winning your selection have. To do this however over the long term, you need to concentrate on each race individually and seek the value bet in that race. There is value to be had in every race. The key to it is understanding
where that value is. Many times a punter will screw up a losing betting slip and say "At least I had some value".

There is absolutely NO relationship between value and prices. A 33/1 chance may be diabolical value yet a very short priced favorite may be supreme value. It does not follow that the bigger the price you take the better "value" you have. The value is sometimes clear but more often well hidden and it takes a trained eye to see that. Everyone has this "Foresight" on occasions, it is a game about opinions after all and nobody is always right or wrong. Value can be the most expensive word in racing if you can't bet winner. The old cliche is that value is about betting a horse whose true chance is better than its price reflects.

That's only a small part of it. You also have to make sure that you bet in the right way and in the right races as that is the only way you can keep strike rates high and protect a betting bank. You should continually strive to increase value in your bets. Once you have a selection you feel is value do not just take the first acceptable price that comes along. Seek to improve it by shopping around the various bookmakers or try and top the best bookmakers price by looking to the betting exchanges. Marginal improvements on odds on each bet you make can have a dramatic effect on long term profits.

5) Greed For Instant Wealth

Many punters seek the thrill of a life changing bet that will produce huge gains of instant wealth for a small outlay. Bookmakers play on your natural desire and go out of their way to encourage you to bet exotic multiple selection bets that can in one hit, turn a small stake into a large sum. Professionals however rarely bet in multiples. Most professionals bet singles and steer away from the multiple bets. Bookmakers relentlessly promote a host of multiple bets with exotic names such as Yankee, Lucky 15, and Goliath.

The reason they are heavily touted is the profit margin in the bookmaker's favour increases the more selections you add to your multiple bet. Say you select any random 5/1 selection. If you bet this as a single the bookmaker may have a theoretical edge in his favor of 15%. Taking two such selections however and betting them in a win double, the bookmakers profit margin rises to about 30% ! Yes your win double can produce a much bigger win from the same stake however over the long term the bookmaker is eating away at your capital at a much faster rate.

6) Lack of Discipline

Lack of Discipline is the big hurdle for punters trying to turn a losing
hobby into a winning one. Bookmakers know that. That's why in every
betting office you can bet on numbers, lotteries, ball games, racing from all over the globe with horses nobody has heard of before and even now computer animated, or as they call it, virtual racing. Bookmakers just believe that its a case of punters sitting all day betting on what ever is put in front of them and sadly they are right in many cases. They are simply thrill seeking and don't care what they bet on, as long as they can bet.
7) Emotion

Betting is a lonely game. Its also a highly skilled game. Emotion
undermines success in many ways. There is comfort in knowing that as a sheep when you are wrong it is not your fault as you were simply doing what everyone else was doing. With betting, the laws of market supply and demand, dictate that long term, the sheep will get fleeced. Emotion neutralises discipline and long proven successful practices. The result of any isolated race has little or no relation to races just before that or just after that. Races should be viewed in isolation from each other. We are all emotional in betting but the players at the top of the tree have this down to a fine art and can control those emotions.

8) The Grass is Greener

The grass is rarely Greener on the Other Side. The truth is that the grass that isn't working for you has not been grown, cultivated or looked after properly. Many punters change approaches and methods so quickly that they don't give any method a true test. If they find a system that works they don't continue after a few bad results. It is the same as gamblers who write down every bet they have. Once they have a few losers they often lose the heart to do this and stop doing so and move on to another area. They are like children with new toys at Christmas. They never stay with any method long enough to prosper.

They always feel the" Grass is Greener", when in truth the "Grass" they are using has been abused and left to deteriorate. They want the next Big "new idea " or "method " and that doesn't work either as the fault lies not in the Grass, but the Gardener.

They have no long term consistency in their betting and are constantly tinkering with what wasn't broke or moving on in search of the holy grail before a full evaluation of what they are currently examining has been completed.

9) Laziness

Most punters are LAZY! They have religiously followed a doctrine of poor planning and lack of research. They refuse to study and spend hours looking at how they can win at betting. They refuse to invest in the game and invest in their own learning. You cant refuse to spend money, just look at the racing for 30 minutes and expect to win long term. You simply can't get away with that in the hardest trade of all, Winning Money at Betting. If it was that easy, then millions would do it.You must either invest in your betting, or pay someone to do just that. Natural human tendency is to try and get away with the least amount of effort. Lazy punters are cannon fodder for the bookmakers.

10) Stupidity!

Amazingly most punters fail to learn from their mistakes. They continue for years making the same basic errors time and time again. Pure stupidity. Strive to improve your betting performance by continually learning from the mistakes and weakness is your game. Your bookmaker may have been laughing at you for years. You have it in your power however to improve your betting and hopefully wipe that smile from his face for good.

Top 10 Betting Mistakes

The first step to formulating a solution, is to define the problem.
My aim here is to highlight these common areas of failure in the hope that I can speed up your learning curve towards successful betting.

Read the following thoughts and you may be able to side step many of the pot holes others have fallen into in the past.

1) Failure to Use Betting Banks

2) Failure to Stake Correctly

3) Chasing Losses

4) Lack of Value Appreciation

5) Greed For Instant Wealth

6) Lack of Discipline

7) Emotion

8) The Grass is Greener

9) Laziness

10) Stupidity!

Read Our Next Post Where we can discus about these 10 Mistake and also give you some awesome tips !!

Here is our Next Post