Sports betting is becoming more and more of a regular part of the game for sports fans. It’s fun and it can be profitable, but there is always a risk involved. It’s important to understand how odds are set and how they work so that you can be more successful with your wagers.
Odds are based on the probability that something will happen, like a team winning a game or an event happening. The higher the probability of an occurrence, the lower the risk and the smaller the return will be. If the chance of an occurrence is too close to be set as a spread, it will be a moneyline bet where you simply select which side or outcome you think will win.
Home/Away: Some teams perform better at their home venue while others struggle when playing away from home. This is factored into the point spread and moneyline odds for both home and away teams.
Know When To Stop: One of the biggest mistakes that new sports bettors make is chasing their losses when they’re having a bad day. This is often fueled by emotion and can be disastrous to your bankroll. It’s best to keep a level head and bet smartly with facts and statistics instead of emotional hunches and locker room gossip.
Know Your Tipsters: Do your research on any tipster service that you’re thinking of using. Read reviews, check Better Business Bureau ratings and look for a transparent way into how they come up with their picks. Also, avoid any services that promise guaranteed wins – all betting has some element of risk and it’s important to manage this successfully.