As a newcomer to sports betting, there are certain terms and concepts you need to understand before attempting to place your first bets. From moneylines to spreads, parlays to prop bets, it can be a bit overwhelming to navigate the ever-growing world of sports betting. This article will help simplify some of the basic terminology and concepts that can be used to make a smarter wager and improve your chances of winning.
The basics
When it comes to sports betting, value is the most important element for any bettor. Whether you’re trying to beat the odds or just want to bet more than you can afford to lose, a sense of value is crucial. This can be achieved by doing extensive research and observing a sport not just as a fan but as a potential bettor. This includes familiarizing yourself with team statistics, player forms, injury reports, weather conditions, and more.
One of the best ways to find value is by betting on a game with a total that’s above or below the posted number. These bets do not hinge on who wins or loses and can be quite exciting to make. For example, a basketball game may have an Over/Under of 210.5 points. If you think both teams will combine for more than 210.5 points, then you would place a bet on the Over. On the other hand, if you expect a defensive slugfest with few points scored, then you would bet on the Under.
