Sports betting is a fun way to support your favorite team while (hopefeully) making a couple of bucks in the process. But not everyone is familiar with how sports betting actually works. And that’s OK!
This is why we put together these sports betting guides to explain everything you need to know about placing a wager on a game, match or event. In this guide you will learn the basics of sports betting odds, the various ways you can bet on a specific sports, and tips on how to bet.
We have divided this betting guide into these 6 sections:
#1. Understanding Sports Odds
We look how odds work, the function of decimal odds, what fractional odds are, and explain the role of statistical probability when producing sports betting odds. As a bonus, Jonathan has added an explanation video where he discussed each aspect of these betting types in detail.
#2. Moneyline, Spread and Total Betting Explained
In this section we cover the most popular betting types, what they are and how they work. Moneyline betting, betting the spread or betting the total are perhaps the most popular ways of placing a wager on the outcome of a game or match. Regardless of which betting type you prefer, there are nuances to each to bare in mind.
#3. How do Sportsbooks Make Money?
Sportsbooks, whether online or physical sportsbooks in casinos, all have a system to produce sports betting odds and allow for us bettors to bet on them. Naturally, they do so in such way that allows for them to earn money on the wagers made on each event. Here, we’ll explain how this works and how the books can make their profits through their odds making and outcome probability.
#4. Prop Bets and Future Bets Explained
Sportsbetting has come a long way when it comes to give bettors a wide range of betting types to choose from when placing a wager. Prop bets and future bets fall into a category of bets that allow for bettors to be creative with what they bet on, other than simply the immediately outcome next game. Read on to get a good idea of props and futures.
#5. In-play and Live Betting Explained
Live betting has become a tremendously popular form of betting. In short, you are betting while the event is still going and, obviously, there are pros and cons to this type of wagering. Learn about what these pros and cons are and how you can use this way of betting to increase your changes on making the right bet more frequently.
#6. How to Make Your First Bet
if you are ready to make the plunge and get started with betting, the online betting options in the U.S. are growing monthly, with new states legalizing sports betting. Read about what state is legal today, then pick one of our listed online sportsbooks by reading our reviews. We list websites that are available in New Jersey and Indiana.
About the author
This comprehensive collection of information and tips has been put together for USBettingReport.com by Jonathan Smith, who is the owner of Sportsbook Training Services.