Football Betting For Dummies
- Football Betting For Dummies Free
- Sports Betting Dummies
- Football Betting For Dummies
- Football Betting For Dummies 2019
- Football Betting For Dummies
- Betting the spread is one of the most common ways to bet on the NFL online. When learning how to bet real money on the NFL, these are the bets you should start off with. The idea behind spread betting is to “level the playing field” between two teams with different levels of skill and different expectations.
- Cash-Out Sports Betting for Dummies Many sportsbooks offer their customers the chance to ‘cash-out’ before the event has finished and their sports wager has been settled. The cash-out feature is a way.
NFL Betting – The Point Spread. This is the most popular bet on any NFL game and is also known as line betting or sides. Each game will have a favorite and an underdog, and the sportsbook will decide by how many points the favored team should win.
The Super Bowl is perhaps the only sporting event that draws in people that have no clue what’s going on for 3.5 hours. The Super Bowl is bigger than just a 60-minute football game between the best two teams in the league. It’s a celebration of football that hogs the media attention for two full weeks prior to the game with talks of the National Anthem, the halftime performer, and the final interview with the game’s MVP.
If you’re just starting out in the world of football and/or betting, I’ll be dumbing this piece down (no disrespect, but sports betting is tough) for you to help you understand what you’re going to see on February 7, 2021, and how to enjoy yourself for the majority of the night.
Have an opinion: The goal of every football game is to score more points than the other team. If you go to any Super Bowl party, regardless of if you have any idea what a tight end is, find out which two teams are playing and simply pick one team to cheer for. The chances are you won’t be alone in cheering for that team, so at least the interest in the game itself will be there.
Enjoy your night: This is probably the number one rule of the night. It’s important to enjoy the game responsibly whether or not you have $1 or $5,000 on the game. This night should be about watching the game with your friends and family and enjoying some good entertainment for four or so hours. Heck, it’s probably the only day of the year where consuming eight slices of pizza and 2lbs of wings is not only acceptable but expected behavior.
Betting Factor: If you have decided to wager on the game, for whatever reason, you must understand what kind of bets are available to be made. Sure, you can bet your friend $50 dollars that Tampa will beat Kansas City, but you’ll only win $50. If you had an online account at a sportsbook and you placed $50 on Tampa to win on the moneyline, you’d get back $125 – which means you’d profit $75. I’m not saying you should open up an online account without doing your research, but what I’m saying is that online sportsbooks, or those in Las Vegas, are where you can make the most money – if you get lucky.
Start with the outcome: This should be entirely self-evident, but I know from plenty of conversations with casual bettors over the years that it is not. When you look at the Super Bowl -- or any other game ever played, for that matter -- the first step has to be to take the time to break it down and think about how you expect the game to turn out. Once you have done that, you can look at the lines and prop bets that are being offered, and you can quickly get a sense of which ones are the most attractive and which ones are not at all worth betting.
Football Betting For Dummies Free
Know what you are betting on: If you go to a Super Bowl party with a lot of people that don't spend a lot of time betting on football through the year, I guarantee you will hear things that will amaze you. Casual bettors too often have no understanding of what a line is and how it works, what it costs to make a bet, why some bets make more sense than others, and even how to tell if a bet is a winner or not when the game ends. If you don't know what you are betting on, you obviously can't make a good bet. This is especially important with the Super Bowl because all of the prop bets that are offered can sound fun and interesting but often aren't quite what they appear to be.
Utilize Your Options: If you want to bet on the Super Bowl and want to be on the point spread, you must first figure out what the point spread is. This year, the Kansas City Chiefs are 3.5-point favorites over the Tampa Bay Buccaneers. That means, if you place a bet on the Chiefs -3.5, they have to win the game by four points for your bet to be considered a winning one. If you bet the Bucs at +3.5, the Bucs can win the game outright, or lose by three or fewer points, for you to win. Now, different sportsbooks will be offering up different line value for this one. Sportsbook X may offer KC -3.5 at -110, whereas Sportsbook Y may offer KC -3 at -130. The difference between the two is you are paying extra to turn a half-point loss into a push (get your money back) if the Chiefs win by three points. If you think the Bucs will win the game outright, most sportsbooks are offering them up at +150. However, if you shop around and utilize your access to different lines, you can find the Bucs at +155 or maybe even +160, which means more money for you if the Bucs win. The same thing holds true for the prop bets. Shop around and find the lines that make the most sense for you and the bankroll.
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Many sports fans think they will automatically find success with sports betting. But applying your sports knowledge to the betting line is not as easy as it looks.
If you’re one of those fans on the sidelines, itching to get in and put your money where your mouth is, you might want to read this article first.
Here are three essential things to know if you’re just getting started and want to get off on the right foot. Welcome to sports betting for dummies.
Understand the Betting Lines
The first step for sports betting dummies is to understand the betting lines.
Sure, you know the sport of basketball inside-out and always know what’s happening in the NFL. In general, you have a good feel of who will win on a given night. However, betting on those same games requires a different type of knowledge that forces you to think hard about odds and probabilities.
It might seem obvious that the Los Angeles Lakers should crush their opponent tonight. But is that a smart bet if you must risk $100 to win $10?
Betting the point spread is harder than picking straight up winners. It’s more of a toss-up to predict whether the Lakers would win this game by 10.5 points.
Understanding how to read odds and interpret the betting line is the first step for sports betting dummies. You should be able to explain the meaning of -110, -5.5, +10.5 or an over-under of 215.5.
After all, you need to know what you’re betting on.
Stick to What You Know
The next thing you’ll want to do is stick to what you know.
When you log into your sportsbook account, you’ll find a whole host of betting lines from basketball to football to hockey to baseball to much more. You’ll be able to bet on everything you can think of, from the Oscars to horse racing to the Little League World Series.
It’s one heck of a glorious buffet, but you want to be careful what you ingest.
Ideally, you’ll start with what you know. If you’ve been a lifelong UFC fan and know the fighters, how they matchup, and where to research the bouts, it makes sense to bet the UFC to begin.
The last thing you want to do is get distracted by sports you know nothing about. Don’t start throwing money around just hoping and praying you win. Some bettors get bored on a weeknight, turn on the TV to see what’s on ESPN and place a bet simply because a game is on. Don’t be one of them.
Once you’ve made a little bit of a profit on sports you’re familiar with and have a good feel for how betting works, it’s time to branch out to other sports and replicate the strategies that work best for you.
Manage Your Money
Solid bankroll management is one of the biggest factors that separates winning bettors from losing ones.
When you get into sports betting, you have to lay out a basic money management strategy to manage your bankroll. You can’t simply fly by the seat of your pants.
Say you start with a $1,000 deposit and lose $300 on an early NFL game, then double-up at $600 on an afternoon game, and then place various live in-game bets of $25, $100, and $200. You’re all over the place. With no rhyme or reason to your betting pattern, you’re likely to lose in the long run.
Now let’s say that you start off with $1,000 and have three levels of bets based on betting units: $100, $200 and $300, which is reserved for games that you’re most certain of. Having a plan and structure in place to bet based on the value each game presents is a much safer approach over the long run.
The best guides suggest betting between 1% and 5% of your bankroll on each game. If you’ve started out with $1,000, that means you’re betting between $10 and $50 per game.
Sports Betting Dummies
The reasoning is quite simple. You need to be able to withstand losing streaks and survive in the long run. For example, if your bankroll is $1,000 and you’re betting $200 per game, you’re going to get cleaned out if you lose a handful of bets in a row or go 2-7 over a stretch of nine games.
Develop a simple strategy to manage your money and stick to that structure.
Now You Know
Football Betting For Dummies
Now that you’ve read through this article, you’re no longer a sports betting dummy.
Football Betting For Dummies 2019
With at least have a grasp of the basics, it’s a good time to consider some of the other topics in our sports betting 101 guides. From there, the next step is to go open a sportsbook account, which is free to do, and start to get a feel for the betting lines.