The Benefits of Sports Betting

For Beginner
sports betting

The Rewarding Potentials of Sports Betting That You Can Take Advantage Of

Undeniably, sports betting is one of the most popular gambling forms today. Its appeal came from the simplicity of its goal. Your only aim is to predict a sport’s outcome and place bets according to that. You win if you predict right. Otherwise, you lose. Simple, isn’t it?

The fun doesn’t stop there. The internet made it easier for bettors to wager anywhere. With a click of a finger, you’ll even find websites like ours, Sports Betting Guide, that provide information and tips about betting.

However, if you’re new to sports betting, it can be a lot to take in. That’s why we wrote this article for you. We want to help you have an overview of sports betting benefits and how you can take advantage of them. Once you learn the basics, you’ll be well on your way to earning some serious cash whether you do sports betting for fun or profit.

What Benefits Will You Get From Sports Betting?

Maybe the only experience you have that’s close to sports betting is gambling at a casino. But sports betting has its benefits, too. Let’s take a look at some of them.

Money-Making Potential

You might do sports betting just for fun, but did you know that it can be a lucrative source of money too? More people are in it with the intent of earning profits. Some even turn it into their profession. While others are simply able to gain decent earnings, there are those who bag big on sports betting.

Learn New Sports Minus The Sweats

Learning a new sport is good, but it can be expensive. It usually requires you to buy equipment, like tennis for example. With your busy schedule, you might not even be able to enjoy playing it very often. Betting on the sport you wish to learn allows you to get acquainted with it at a low price. You wouldn’t need to allocate so much time and effort to it also.

Additional Excitement

If you are a sports fanatic, watching your favorite sports and cheering for your favorite team is exciting. Try placing real money on the line and that excitement will double. When you bet, you’re not watching for entertainment alone. If it’s your favorite sport, your knowledge about it is extensive. Sports betting puts that knowledge to test and reward you with cash if you play it right. That will make you more attentive to the sports, the strategies involved, and even cheer more when you’re watching the game.

Easy To Learn and Start Betting

You don’t need to be a genius to learn sports betting and start playing. That’s what makes it appealing even to a novice. You only need to know the basics and you can begin placing your wager.

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What Sports Can You Bet On?

Oftentimes, the kind of sports you can bet on depends on what country you’re in. Some well-loved sports in one country don’t do well in others. However, there are world-renowned sports you can bet on anywhere in the world. These are by far the most popular of them:

No matter where you are in the US, you can try betting on these sporting events:

  • National Football League (NFL)
  • National Basketball Association (NBA)
  • Major League Baseball (MLB)
  • National Hockey League (NHL)
  • Collegiate football and basketball conference

You still can’t find a sport you like to bet on? Check out the various sports that we cover here at Sports Betting Guide, and you’re sure to find one that will pique your interest.

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Sports Betting Basics?

Sports betting is easy. You don’t need to be a master to get started. However, you should learn the basics to enjoy its benefits. After all, you’re still wagering your money on it regardless of how small. You wouldn’t want to throw your money down the drain, would you? That’s exactly what you’ll do if you start betting when you’re clueless about the basics.

Basic Terms You Need To Know

When betting on sports, these are the basic terms you must remember:

  1. Parties. There are two opposing parties in sports betting: The bettor (you) and the person who takes your wager (the bookmaker).
  2. Selection. The outcome you place your bet on.
  3. Stake. The money you risk on the bet.
  4. Odds. The deciding factor on how much a bookmaker owes you should you win. If you need to learn more about how odds work, then click here.
  5. Payout. The amount the bookmaker must pay you if you win.

What Kinds of Bets Can You Make and How To Make Them?

Once, you’ve learned the basics, the next thing you should know is the ways you can bet and how to place your wager.

Straight Bets

When you’re betting on sports like basketball or football, the straight bet is the simplest wager you can place. With a straight bet, a point spread (betting line) is set. When you place your bet on the favorite, you’ll give up points. If you want to get the points, bet on the underdog. The favorite has to gain points more than the set point spread and win the game for you to win. On the other hand, the underdog must win outright or they should lose by less than the betting line. A tie or push means you won’t lose any money.

Total Line Bets

With total line bets, there’s a number set for the total final score of both teams. You’ll place your bet on the score. You either stay under or go over the total final score set.With basketball and football, you’ll have the chance to bet a total line by the half-time of the game.

Money Line Bets

You can make this kind of bet for all major sports. With money line bets, you’ll only need to choose a team to win. There won’t be any point spread. You risk the amount you wager by siding with the favorite versus the amount you can gain betting on the underdog.

Parlay Bets

In parlay bets, you group two or more picks in a single bet. You can group from as few as 2 to as many as the set limit of 10 to 12 picks. To cash in on a parlay, all your picks should win. Otherwise, all the parlay is lost. Parlay bets can be risky. It is the kind of bet reserved for the risk-takers.
If you want to learn more about parlay bets, check out our article here.

Teaser Bets

Teaser bets are like parlay with a twist. You’ll still group two or more picks in one bet. This time, you tweak the point spreads to favor you, but you’ll have a lower overall payout. Teasers are hard to hit, and the payout is also reduced. 

Head-to-Head Bets

This kind of bet is popular with sports such as professional golf. To handicap the match, there is a money line attached to each competitor. You’ll place your bet on the head-to-head results of the game between two competing parties. The one in a higher position at the end of the tournament wins. 

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How To Know If Sports Betting Is Right For You?

Anyone of legal age can try their luck on sports betting. While the benefits are enticing, you must realize that it is not for everyone. Assess yourself first, and ask the following questions:

  • Do you have an addiction tendency?
  • Do you get frustrated easily?
  • Do you get depressed when you lose money?
  • Do you tend to bet more than what you are willing to lose?

If you answered yes to any of the questions above, sports betting might not be right for you. There are risks involved with sports betting, and this is not for the faint of heart.

Sports Betting Benefits FAQ

  • Can I participate in sports betting no matter what country I live in?

    Most countries have embraced sports betting and legalized it. However, there are still nations where it is completely illegal. You better check the gambling and betting laws in your country before getting into sports betting. It is better to be safe than sorry.
  • Can I get rich from sports betting?

    Because of its money-making potential, it is possible to get rich with sports betting. We do not advise you to ditch your 9 to 5 job to concentrate on sports betting though. Start small and work your way up. Make calculated risks, and don’t get too hyped up.
  • How do I get better at sports betting?

    Practice. We couldn’t reiterate that more. Like any other things you do in life, you get better through practice. Have fun while learning the ins and outs of sports betting. You’ll also find the betting tips we have here at Betting Guide New Jersey helpful. So, don’t forget to check it out.