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Everyone loves to predict the future…and be correct! That’s probably why sports wagering can be so exciting. Some actually make a living either betting or consulting in the sports betting industry. But some of us are just beginning to understand this form of gambling, myself included. This is why we have researched sports betting from a newbie’s point of view. Let’s look into our Beginner’s Guide To Sports Betting and how it will pertain to New England.
The Recreational Gambler’s Guide to Sports Betting
Sports betting takes a long time of understanding and practice to master. So, for the recreational gambler, it essentially includes two factors:
- intuition and luck are excellent rewards in sports betting as in other types of gambling, but if you depend exclusively on them, you are doomed to get rid of plenty of income.
- restrain your anticipations and consider to have fun.
The knowledgeable bettor has better odds of experiencing profitable sporting wagers than the spontaneous gambler who places a bet following wishful consideration. Remember the best gambler is a knowledgable gambler. Find out everything you can about the odds, the variety of sports activities, the teams or players who consider important in the game you are betting on. All the data you are seeking is accessible on the internet within a mouse simply click length, so there is no explanation to be lazy about it according to this Beginner’s Guide To Sports Betting.
Beginner’s Guide To Sports Betting Asks “Is Sports Betting For You?”
If you just want a bit of extra money and don’t care about the experience, then maybe follow oddsmakers and professional services to help you. But, If you’re in it because you want to engage yourself in a fun and exciting new hobby, then you’re going to bet much differently.
There are pros and cons to each. Those who are in it for the excitement will sometimes lose more than they can afford, whereas those who do not engage themselves in the process will make a bit of money but will not necessarily enjoy it. If you can, it doesn’t hurt to aim somewhere in the middle. You want to be engaged, but don’t allow yourself to mismanage your bankroll. This Beginner’s Guide To Sports Betting suggests you don’t let a fun hobby go to waste because you were either too excited to get involved or too impartial to really benefit from the joy of winning.
What Can You Bet On?
If a sport exists, you can be sure if there’s a game somewhere, you can bet on it. Here are some of the major categories:
- Betting on a team or player to win a championship
- Wager on a team or player to win a game
- Betting on a team to score a certain amount of points
- Wager on a particular player to score or accumulate a good day’s stats
- Betting on the specific score of a game.
How Do I Place My Wagers?
Here’s a quick breakdown of how to place a bet on sports:
Choose a betting site:
First thing’s first – you need to find a sports betting site to use. In New England, the betting sites that will be available at the state casinos and on mobile in-state apps looks like this:
- Rhode Island – The Rhode Island Lottery will regulate and oversee the industry. Sports betting in Rhode Island is possible through the partnerships of William Hill and IGT, chosen by the lottery, which will provide online and mobile betting and on-site at Twin River Casino Hotel in Lincoln and Tiverton.
- Connecticut – BetRivers will provide an online sports betting platform in the state in partnership with the Lottery; FanDuel is partner with Mohegan Sun and DraftKings is partnered with Foxwoods Resort Casino
- New Hampshire – The state launched mobile NH sports betting via the DraftKings Sportsbook app in early 2020. (Related Post – Comparing Rhode Island and New Hampshire Sports Betting.)
- Massachusetts – MGM Springfield – will be using their own BetMGM; Wynn will also use their own WynnBET; and Plainridge Park will be connected to Penn National’s partner Bartstool Sports.
You can’t just jump into sports betting without signing up. Signing up will could run differently, and may include sign-up bonuses, depending on many factors. If you already have an account on any of the formats in New England, you will have to check about your status in as new or already a member.
Locate the market:
Before you place your first bet, look at the sports and find the one you want. Then click on the specific league. Then find the team you want to bet on and take a look at the odds and markets that are available.
Enter your stake:
All this means is the amount you want to bet. Once you’ve selected your bet, you’ll need to enter your stake. Happy with the odds? Time to place your bet. Either go up to the betting windows in the casino or hit the button on the mobile app to confirm your bet, then wait for the results. This is where the fun starts, so sit back, relax and watch your bet come in.
Now, let’s just get more in depth concerning preparing your bet.
The Fundamentals of the Sports Betting Process
Reading The Lines At Sportsbooks
Have you ever taken a look at sports betting odds, become totally confused, and clicked away from the site altogether? Don’t worry – that’s exactly what a beginners’ guide to sports betting is for!
The first thing to note is that there are different types of odds. For many players this can be very annoying. The most important lines will be determined by the sport you are betting. For instance, in baseball and hockey, most sports betting is done by the money lines. In basketball and football, most bets usually pertain to the point spreads. There are also numbers known as the over/under or O/U, which more casual bettors will generally refer to as totals.
Lines may seem counterintuitive to many beginners, largely because positive numbers actually indicate which team is expected to lose, whereas negative numbers signify that the team in question is favored by the sportsbook. So if the Texas Rangers are given a money line of +120 in a game that has the Miami Marlins listed at -130, then the Marlins are favored while the Rangers are considered to be an underdog.
Beginner’s Guide To Sports Betting – What The Numbers Mean
Now that you understand what the plus and minus signs represent, it’s time to talk about the meat of the issue: what the numbers mean. To understand this, think of everything in terms of $100. If you’re betting on the Marlins in the example above, you’d have to put up $130 to win an extra $100. However, if you’re betting on the underdog in the example above, you’d have to lay down $100 to potentially make an extra $120. That isn’t to say that you’re actually required to bet that much, but this gives you an idea regarding the ratios. So if you bet $40 on the Rangers, you could potentially make back $48.
Unfortunately, to get deeper in reading the lines, with converting lines, implied win rates, and no-juice lines ( I don’t even know what that means yet), then you’ll have wait for our next post covering those details.
Finally (For Now) Choosing the Right Sportsbook
I mentioned briefly about picking the right sportsbook. There are a lot of issues that must be taken into account when trying to decide upon the best sportsbook for you.
You need familiarize yourself with more than one book. Then you’ll be able to maximize your profits while minimizing your losses. It will also mean you can take advantage of signup bonuses. Most online sportsbooks offer various bonuses for signing up with them. You want to do your research when looking at sportsbooks to ensure that you are getting the best bonuses possible.
I hope you enjoyed our Beginner’s Guide To Sports Betting. We hope to expand on it. The news revolving around sports betting, especially is about to shift into high speed.
Binbin – potential sports better