Beginner’s Guide on How to Bet on Sports

Do you know your favorite baseball team’s lineup like the back of your hand? Could you name every quarterback who’s ever played for your favorite NFL team? If you’re a diehard sports fan, you’ve probably thought about how to bet on sports.

Sports betting has become a lot easier as more states have made it legal to place wagers. 

Anyone looking to get into sports betting should know that wagering does come with risks. Never wager more than you can afford to lose.

The article below contains a list of tips for how to bet on sports and win. You’ll learn information about sports betting for beginners, and strategies to use when placing your bets. Continue reading to learn more about how to start sports betting.

Resist the Urge to Bet on Underdogs

Betting on the favorite isn’t exciting, but it is a surefire way to win more bets than you lose. If you choose to bet on the favorite, you’ll usually have to wager more money than you’ll win back.

When one team is -200 favorites, it means you’ll have to bet $200 to win an additional $100. When you bet on an underdog at +150 odds, it means you can bet $100 to win an extra $150.

Don't get tempted by the higher odds, as it means you're more likely to lose.

Avoid Wagering on Parlays

Parlays can be tempting because they boost your odds. You can create a parlay that requires you to win multiple bets in order for it to pay out. If any of the wagers in the parlay fail to hit, you lose the entire parlay.

Parlays have high odds for a reason. It’s highly unlikely that every bet in the parlay is a winner. While hitting one or two parlays can help you win a lot of money, wins are usually few and far between.

The best strategy is to place single bets and avoid parlays unless you’re getting close to even odds on the parlay.

Look at Lineups and Injury Reports Before the Game

You can get burned while betting if you fail to analyze injury reports before the game. The betting line might look like a great play, but oddsmakers always know about injuries to key players.

You can save yourself from losses if you make a habit out of checking injury reports and starting lineups before you place any bets.

You can usually find up-to-date information on the injury reports by following each team’s social media accounts. It’s also a good idea to follow local reports on social media to get the latest information. You can also follow us here to learn more about monitoring sports news.

Analyzing How to Bet on Sports as a Beginner

The tips in this article should help you become a more profitable sports bettor.

Remember to avoid the bets that have long odds and focus on the easy wins. If you’re still looking for more tips on how to bet on sports, be sure to read the rest of the sports articles on this website.