Sports betting, with the many different betting options offered by sportsbooks, and the constant advertising of various special wagers and deals, can be a bit overwhelming for beginners. Where do you start, which type of bet should you choose, what if you make a mistake and lose money?
Rest assured, it’s not as complicated as it may seem, though there is definitely a need to be careful and to do some preparation and research beforehand. After all, losing lots of money while you are trying to learn can be very demotivating.
Before doing anything, it is highly recommended and worthwhile to make sure you have a decent knowledge and understanding of, firstly, your sport and all of its rules and aspects, and secondly, what odds are, and how they work.
You may feel the inclined, as many do, to ignore the mathematical side of betting, and rather go with gut instinct, or rely solely on your sporting knowledge. This is a common mistake though. Odds are logical as well as mathematical, and, though not usually precise, a tool for prediction. Ignore them at your own peril.
Choosing A Sportsbook
The next step is to find a good sportsbook that offers decent odds for your money. There are many to choose from online, so take your time to shop around, compare various deals and the odds from each sportsbook offers for the same event, until you find the best. Also be sure to read reviews, check the T&Cs, and verify that their customer service is reasonably efficient and helpful.
The most basic type of bet, a bet on who wins, called the “head-to-head” bet, or sometimes also the “outright”, “moneyline” or “win” bet, is generally the most common and popular bet amongst beginners and pros alike. This is because it is not only very basic and easy to understand, but it also often provides some of the biggest wins. Multiple betting selections is also very popular with pros; however, it is also a very good way for beginners to lose lots of money very quickly. Rather stick to small single bets while you’re getting the hang of things. The more advanced strategy can come once you’re ready.
The Safe Route
Once you eventually do venture on to other betting types though, and want to, say, perhaps bet on a certain player, then playing it safe as you learn can be a worthwhile route to follow. The star players of a team, for instance, will naturally be the safest bets, and betting on the sportbooks prediction, rather than against it, the safer route. The biggest wins obviously come from taking risks. Choose at your own discretion, though always try to keep your bankroll in mind.
Responsible bankroll management is must for any bettor, something that most invariably learn the hard way. Establishing a budget with a strict loss limit. Control the frequency of your betting. Get these things right and you will be garaunteed to have a considerable safeguard, and also advantage, in sports betting.