These next few steps we cover with provide you with the building blocks you need to become a true online sports bettor. One of the first basics you will need to learn is how to ‘read the lines.’ These lines will be determined by the sport you choose to bet on. For example, if you are betting on hockey or baseball betting is done with money lines. For football or basketball, bets will pertain to the point spreads. If you’re new to sports betting sites, American Lines can be a little confusing for new bettors. Lines written in the American format can be somewhat counterintuitive as the positive numbers are used to indicate which team is expected to lose. A negative number means the team in question is favoured by the online sportsbook. We will also talk you through decimal lines. This basically gives you an approximation of how much you will earn in a return if you bet £1. Many bettors prefer decimal lines as they are easier to follow for newbies.
Sports betting is considered by many as one of the easiest forms of gambling, making it a great option for newbies. One of the main reasons why it is so easy to get started with sports betting is that you aren’t required to have anything more than basic knowledge. We’ll take a look at fixed odds betting, as this tends to be the most common type of betting on offer at sports betting sites. Fixed odds betting is often described as the ‘traditional’ form of online betting. This refers to predicting what’s going to happen in a sporting event and then placing a wager on the selection. The term fixed odds is often used because the odds are fixed once you have placed your wager. There are five main components that go into a sports wager. These include parties of the wager, selection, stake, odds and payout.
There will always be two parties to a sports wager. If you are placing a bet at any sports betting sites, the two parties will refer to you and the bookmaker. In terms of selection, this refers to what you are betting on. Sometimes a selection doesn’t have to refer to a specific team or individual. There are a number of types of wagers that you can place. The stake refers to how much money you are risking on a wager. Most bookmakers will require bettors to place a minimum stake, but there is no need to worry as this is usually a very low amount.