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п»їHow to Bet on Sports for Beginners: 12 Tips to Know.
Suchat Pederson/The News Journal via USA TODAY NETWORK.
Over the past few years, the emergence of daily fantasy sports has led to a renaissance for conventional sports betting. The anti-gambling stigma that existed for decades is fading in American popular culture, opening the door for a massive, multibillion-dollar legal sports betting industry to emerge.
With sports betting now legal in many states, millions of sports fans will be looking to enter the betting market for the first time. But where do you begin if you’re unfamiliar with the terminology?
Here’s an introduction into how to bet on sports. We’ll be adding to this series in the coming weeks.
How to Bet on Sports for Beginners: 12 Tips.
Use the links below to jump to each section.
1. Favorites vs. Underdogs.
When the oddsmakers release a betting line on a game, the first thing they do is decide which team should be the favorite and which should be the underdog.
The favorite is the team that is expected to win the game and will get a minus sign next to its odds, while the underdog is expected to lose and gets a plus sign. If the game is a toss-up, books will open it as a “pick” or “pick’em.” Click to return to table of contents .
2. Spreads.
There are two main ways to bet on a favorite or an underdog. The first is the point spread, which is a bet on the margin of victory. A favorite “gives” points, while an underdog “gets” points.
For example, say the Patriots are 7-point favorites (-7) against the Jets.
If you bet on the Patriots, they need to win the game by 8 points or more for you to win your bet. If the Patriots win by 8 points or more, you “cover.” If the Patriots win by exactly 7 points, that is called a “push,” which means you get back the money you originally bet.
If the Patriots win by 6 points or fewer (or lose the game straight-up), you lose your bet.
Spreads are available for all sports, but they are predominantly used when betting on higher-scoring sports like football and basketball.
3. Moneylines.
The second way to bet on a favorite or an underdog is on the moneyline. This is based solely on which team will win the game.
Favorites are given a “minus” designation, such as -150, -200 or -500. If a favorite is -200, that means you have to risk $200 to win $100. If the favorite wins, you get $100, but if the favorite loses, you’re out $200.
Because favorites are expected to win, you assume more risk when betting on them.
Moneylines are available for all sports, but they are predominantly used when betting on lower-scoring sports like baseball, hockey and soccer.
4. Over/Unders (Totals)
In addition to setting a line for the favorite and the underdog, oddsmakers will also set a total number of points scored in a game by both teams combined. This is called the total or over/under.
Bettors can then wager on whether or not the game will go Over or Under the total.
For example, an NBA game between the Celtics and Bulls might have a total of 215. You could either bet the Over 215 or the Under 215. If you bet the Over 215 and the total points scored end up being 216 or higher, you win your bet. If the total points scored are 214 or fewer, you lose.
5. What Is the -110 Number Listed Next to My Bet?
The oddsmakers put a “tax” on every bet, which is typically called the “juice” or “vig” (short for “vigorish”). The juice is the commission you have to pay to the sportsbook for them to accept your wager.
Say the Duke Blue Devils are -5 (-110) … that means if you want to bet on Duke as a 5-point favorite, you need to risk $110 to win $100.
You always have to risk more on a favorite than you’d win on an underdog…otherwise, sportsbooks would be out of business.
6. How to Place a Bet.
With legalized sports betting spreading across America, sports bettors have never had more options to take advantage of. To see if sports betting is legal where you live, check out our state-by-state tracker.
Some of the biggest states that have legalized mobile wagering include Colorado, New Jersey, Pennsylvania, Indiana and West Virginia. The sportsbooks highlighted below are all trustworthy legal shops that take bets online.
Sports Betting Basics & Best Sports to Bet on for Beginners.
If you’re a sports fan looking for ways to take watching your favorite teams to the next level, sports gambling might be your best bet. But it can be intimidating to know where to start, especially in a world of seasoned bettors. Luckily, we’re here to help you figure out the best sports to bet on with some simple and straightforward sports betting tips for beginners. It all boils down to having an understanding of sports betting basics and the sport itself and doing your research. Also, practice won’t necessarily make perfect, but it sure will make you better and more confident.
When it comes to sports betting for beginners, we’ll start with some sports betting vocabulary .
Sports Betting Basics.
Favorite vs. Underdog.
Anytime you’re betting on a game, one team will be favored to win. For instance, in the Team 2/Team 1 game below, Team 1 is the favorite and Team 2 is the underdog. The team with a negative number next to it is the favorite, while a positive number indicates the underdog.
Spread vs. Moneyline.
In the example above, you’ll see two different ways to bet. The first way to bet is by betting on the point spread. In this instance, you are betting on whether or not Team 1 will win by more than 19.5 points. Simply put, if the final score is 35-14 in Team 1’s favor, giving them a 21 point win, then a wager placed on Team 1 would win. However, if the final score is 35-17 in Team 1’s favor, Team 1 would win the game, but a wager placed on Team 1 would lose since they only won the game by 18 points.
The other option is placing a bet on which team you think will win. This is called a moneyline bet. In the above example, since Team 1 is such a heavy favorite, you would have to bet $1,200 on Team 1 to win $100. Conversely, since Team 1 is a large underdog, a $100 bet on Team 1 would yield a $750 payday if Team 2 wins.
Over/Under.
Another relatively simple bet offered on matches in most sports is the over/under bet. This is where you bet on how many total points (or goals or runs) are scored in the game. For instance, if Team A is playing Team B, the Over/Under might be set at 221.5.
If you bet the over, you would win as long as the total points scored by both teams combined was 222 or more. Inversely, the under would win if the total was 221 or fewer. This is an easy way to bet without having to worry about which team wins or loses. You can just root for a lot of points or for some strong defense if you take the under.
Best Sports to Bet On.
When you’re first starting out on your sports betting journey, it’s best to pick a sport that is already familiar to you. No matter which sports you choose, the more practice you have the better you will understand the intricacies of sports betting. In our opinion, the best way to bet on sports is whichever way you feel comfortable and have fun. Practice and research are key, whether we’re talking about sports betting for beginners or for experts. Approaching a bet with an understanding of the sport’s rules, the teams, and players will help you contextualize how to bet. Some of the most common and popular sports to bet on are football, basketball, soccer, and baseball.
Circa Sports Betting Guides for Beginners.
Saying to choose your favorite sport and start from there is one thing, but then what? If you want a more in-depth look into how to bet on certain sports, check out our guides on sports betting tips:
For each of these, sportsbooks typically offer bettors the ability to place moneyline bets, spread bets, over/unders, and more. So pick your favorite sport, join Circa | Sports , find a bet you like, and get started on your sports gambling journey today at Circa Resort , Golden Gate , or the D ! Be sure to download the Circa | Sports app on iOS or Android to have your bookie right in your pocket and place your bet from anywhere in Nevada.
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