Sports Betting 101

Sports betting has become an integral part of sports culture since the Supreme Court struck down PASPA in 2018. While sports betting is fun and exciting, it’s important to remember that it’s also gambling, and can be a dangerous temptation for young athletes.

There are a few different types of sports bets, but the most common is a straight bet, which involves wagering on a single outcome of a game or event. If you bet on a team to win, for example, and they do, you’ll receive your winnings. However, if they lose, you’ll lose your money.

A spread bet is an inverse of the moneyline, in that you bet on a team with a negative number. A positive number means they’re the favorite, while a negative number indicates they’re the underdog. The number is set by the bookmakers based on the expected margin of victory. The goal is to make a profit off of bettors who place bets on either side.

A great way to increase your chances of winning is to keep track of your bets (using a spreadsheet works fine), and stick to sports that you’re familiar with from a rules perspective. You should also be mindful of the vig, which is how sportsbooks take their cut of every bet you place. Paying reduced vig and finding better lines can greatly improve your chances of winning consistently. In fact, it may be the difference between winning a few more games out of 100 and going from 50 wins to 53.

Posted in: Gambling