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Place Bets: 5 Key Things to Know About Sports Betting

Sports betting is officially legal in the majority of states.

If you want to learn more about how to place bets, we’ve got you covered. There’s never been a better time to get in on the action!

Keep reading for our top 5 things to know about sports betting.

1. How to Place Bets

With the popularity of sports betting on the rise, many states have legalized mobile betting. The internet is your best source for placing bets, sports betting odds comparison & sure bets.

To place a bet, you’ll want to decide what you’re betting on, the type of bet you want to place, the game you’re betting on, and the amount you’re betting.

2. Know the Lingo

Before you start betting, you should take some time to research betting terminology.

For example, you’ll want to understand the difference between favorites and underdogs. The favorite is the team that is expected to win. You’ll see a minus sign next to its odds.

The underdog is the team that’s expected to lose. They’ll get a plus sign.

If there isn’t an expected winner, the game will be open as a “pick.”

3. How Much to Bet

While it’s your choice when it comes to how much you want to bet, it’s generally a good idea to only bet what you can afford to lose.

The best strategy is to bet the same amount on every game. Only bet a small percentage of your total allotted amount each time.

Sports gambling is a lot like playing the stock market. It takes time to consistently make money.

Think of the sports betting industry as a marathon rather than a sprint. Expect to have good days, but be prepared for bad ones too. By taking a flat betting approach, you can protect your wallet from losing everything on a bad stretch.

4. Know Your Numbers

Each sports team will have its own unique rotation number. You might also hear this number called a Vegas ID number or an NSS number.

You’ll see this number next to a team’s name on the board and you’ll want to know it when you go to place a bet. A team’s number is usually the same across most sportsbooks.

5. Keeping Track of the Market

The sports betting marking also mirrors Wall Street in its fluidity. Bookmakers will adjust a team’s odds in real-time throughout the day.

Current events like weather and injuries to players can affect a team’s lines. How other people are betting can also play a role.

It’s to your advantage to monitor betting data in real-time.

Want More Sports News?

Learning about the world of legal sports betting and how to place bets takes time and research. If you plan to bet on sports, it’s important to stay on top of the latest industry news.

Check out the sports section of our blog for more sports news articles and betting tips.