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Sports Betting 101

Given the fact that sports betting is now legal in the USA, at least in the majority of states, it’s not surprising that more and more people are interested in learning all the basics that will allow them to enter the betting market with a certain amount of success. That’s why we are here today – to present you the beginner’s guide full of tips on how to be good at sports betting. If you find it interesting enough, go to MerkurXtip online casino site and place your first sports bet. 

Tip 1: Learn who the favorites and who the underdogs are

It would be good to always know what team is marked as the one who is most likely to win and the one who doesn’t have the same chance. The oddsmakers will put a minus next to the favorite’s name and the plus next to the underdog’s name. But be aware that sportsbooks are always tending to attract an equal amount of money on both sides.

Tip 2: Learn how to read betting lines

You need to know how to calculate your potential winnings before you place the bet. The thing that will show you how likely it is for one team to win is money line odds. For instance, if the money line for one team is -200, and you place $200,  you will earn $100 on winnings, plus the original $200. But that’s the case with the favorites. Know that the money line odds for underdogs are always a bit better.

Tip 3: Learn what spread betting is

You can bet on money lines or on spreads. In the case of the spreads, it’s all about the points the teams make, and the oddsmaker will define clearly what will it take for you to win. For example, if your team is a 6-point favorite (marked as -6), they will need to win the game by at least seven points in order for you to collect the winnings. If they win with 6 points, you will be able to only collect your original bet, and if they do it with fewer points, you will lose. 

Tip 4: Learn how to place a bet

The process of placing a bet is pretty simple, no matter if you visit a land-based sportsbook or you are betting online. All you have to do is go to the real or virtual betting counter, decide on the type of bet you want to make, pick a team, and deposit the amount of money you want to wager, after which you should check your ticket and make sure everything is correct. Bear in mind that you will need an online betting account if you decide to go with online betting.

Tip 5: Learn how to control yourself

And in the end, you simply need to know how to put a stop to your urges to enter one more bet when it’s obvious you are losing. The general rule is to risk only as much money as you can bear to lose, no more. The experienced gamblers suggest you go with a flat-betting approach that’s based on small risks (from 1 to 5 percent) and on the same betting amounts. That method will keep you from making potentially huge mistakes.

Conclusion

It’s obvious that these suggestions and guidelines are only the tip of the iceberg. Sports betting is much more complex and challenging, but for starters, these are the things you should remember if you want to become good at it with time. You should remember that sports betting isn’t a game of impulse but patience and that it leans on serious knowledge and dedicated research.