How do the NFL betting lines work
Sports betting dummy? 3 things you need to know!
Many sports fans believe that sports betting will automatically make them successful. But applying your sports knowledge to the betting line is not as easy as it looks.
If you're one of those fans on the sidelines who yearn to jump in and toss their money, you might want to read this article first.
Here are three essential things you should know if you are just starting out and getting up on the right foot. Welcome to sports betting for fools.
Understand the betting lines
The first step for sports betting dummies is to understand the betting lines.
Sure, you know the sport of basketball inside and out and always know what's going on in the NFL. In general, you have a good feel for who is going to win on a given night. However, betting on the same games requires a different kind of knowledge that forces you to think about odds and probabilities.
It may seem obvious that the Los Angeles Lakers should crush their opponent tonight. But is that a wise bet if you have to risk $ 100 to win $ 10?
Betting on the range of points is more difficult than betting on direct winners. It's more of a bet on whether the Lakers would win this game by 10.5 points.
Understanding how to read odds and interpret the bet line is the first step for sports betting dummies. You should be able to explain the meaning of -110, -5.5, +10.5, or an over-under of 215.5.
After all, you need to know what you are betting on.
Stick to what you know
Next, you'll want to stick to what you know.
When you log into your sports betting account you will find a whole range of betting lines from basketball to soccer and hockey to baseball and much more. You can bet on anything you can think of from the Oscars to horse racing to the Little League World Series.
It's a lovely buffet, but be careful what you eat. You can find more information on the subject under the following links: betting providers best deposit bonus
Ideally, start with what you know. If you've been a UFC fan all your life, and you've known the fighters, how they clash and where to research the fights, it makes sense to bet the UFC to start.
The last thing you want to do is get distracted by sports you don't know about. Don't start throwing money around just hoping and praying that you will win. Some bettors get bored on a weekend evening, turn on the TV to see what's on on ESPN and place a bet just because a game is on. Don't be one of them.
Once you've made a little profit in sports you are familiar with and have a good feel for how betting works, it's time to move on to other sports and review the strategies that work best for you.
Manage your money
Sound bankroll management is one of the biggest factors separating the winners from the losers of the bets.
If you choose to play sports betting, you need to develop a basic money management strategy for managing your bankroll. You can't just fly past the seat of your pants.
For example, let's say you start with a deposit of € 1,000 and lose € 300 on an early NFL game, then double up on € 600 on an afternoon game and then place various live game bets of € 25, € 100 and € 200. You are everywhere. Without a rhyme or reason for your betting pattern, you will likely lose in the long run.
Now let's say you start with € 1,000 and have three tiers of betting based on betting units: € 100, € 200 and € 300, which are reserved for games you are most confident in. Having a plan and structure based on the value each game offers is a much safer approach in the long run.
The best advisors suggest wagering between 1% and 5% of your bankroll on each game. If you started with € 1,000 it means you are betting between € 10 and € 50 per game.
The reasoning is very simple. You have to be able to weather bad luck and survive in the long run. For example, if your bankroll is € 1,000 and you bet € 200 per game, if you lose a handful of bets in a row or go 2-7 over a nine game period, you will be removed from the game.
Develop a simple strategy for managing your money and stick to that structure.
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