Basic Factors To Consider While Sports Betting As A Beginner

For bettors who are new to the sports betting scene, the rules, strategies, and odds may seem complex and confusing. But there is nothing that a bit of research can’t help you understand. Moreover, awareness about factors that differentiate a good bet from a bad one can only help you strategize better and elevate your betting game to new heights.

This article lists out some of the factors that can be game-changers when considered.

Choose The Best Sports Betting Website

Before you begin your betting journey, you must research and choose a betting website that doesn’t tamper with the odds, is fully licensed, and follows regulations set by the betting authorities. Choosing a trusted website can help you enjoy a stress-free, smooth, and exciting betting experience. You can also consider promotional offers as an important factor while filtering out websites. While some offer free spins as bonuses after you make a deposit, there are others that offer free spins without deposit. You can choose a website that fits your preferences and interests.

Pick The Bet Type You Like

The sports betting field can be complex and hard to navigate with so many games, bet types, and strategies. If you are a beginner, you can start by choosing the bet type that works best for you. There are four basic bet types: Moneyline, Over/Under, Point Spread, and Parlay.

Moneyline: This bet type is straightforward. All you have to do is to bet on the team you think will win. They are easy and can be a great choice if you are a beginner who is in their learning phase.

Over/Under: This bet type is also called “totals”, and instead of betting on which team would win, you will be betting on the total number of points a team could get.

Point Spread: This bet type levels out the differences between the favourite (the team favoured), and the underdog (the team not favoured) by adding a handicap to the favourite and an advantage to the underdog, balancing out the mismatched games. This bet type keeps the betting competitive and thrilling.

Parlay: This bet type allows you to combine multiple bets into a single bet. It can be risky, and you must win all the bets for you to possibly earn the payout. However, the payout you earn may be significantly large.

Learning To Read Odds

Odds tell you the probability of an occurrence. Better awareness of the system of odds can help you interpret them better, and this can give you an edge while betting on your favourite sport event. Like bet types, there are different types of odds: Decimal odds, Fractional odds, and American odds.

Decimal odds: The bet amount and profit gained are combined and represented as a single number.

Fractional odds: These are expressed as fractions, with the fraction representing the profit you can gain from the bet.

American odds: These odds come with + and - signs. The - sign is for the favourite and the + sign is for the underdog.

Intense Research Helps

When it comes to sports betting, knowledge can take you far. Having awareness about the team statistics, player forms, injury reports, and the weather conditions can give you an edge, allowing you to place better bets.

Spread Your Bets

Just like how you would not commit all your stock portfolio in one single company, placing bets on a single sport event or bet type can lead to significant losses. Instead, spreading your bets on different bet types and sports events can protect you from deliberately walking into losses. However, make sure that you are placing bets wisely. A dedicated spreadsheet will help you keep track and recognise your strengths and weaknesses.

Place Value Bets

Value Bets are those that are placed when the odds are in favour. To recognise and place value bets, you must be well aware of data and factors that help you assess risk and rewards and place bets more accurately, increasing the probability of you winning them.

There may be more strategies that help you place better bets and increase your chances of winning. While sports betting can be confusing in the starting, once you gain enough knowledge, it may not seem as overwhelming as before. A good amount of research about these factors and their application can really help you take your betting game to higher levels.