Sports betting has been around for many years and from the looks of it’s here to stay. The sports betting industry is one of the fastest-growing industries around. It’s projected to grow from $1.5B to a staggering $81B by 2030.
With numbers like that it’s easy to see why you would be interested in learning more. Yet, you may unsure of how to bet on sports or what the best sports betting sites are. If this sounds like you, then you are in the right place. In this article we’ll share our brief guide to sports betting and how you can get in on the action.
What Is Sports Betting?
So, you want to know how to bet on sports. Before answering that question it can be helpful to know what sports betting is.
Sports betting begins with you placing a wager on a sports game and its results. There are a variety of sports bets that you can bid on. The most popular types of sports to bet on are basketball, football, baseball, hockey, martial arts, and auto racing.
Who Is Sports Betting For?
While sports betting can be for anyone who wants to play there are some federal laws in place around gambling. If you want to start sports betting in most states you must be 18. It is important to note that some states have the legal age to gamble older than 18.
Your state’s website can be a good guide to sports betting laws and can help you determine what age you need to be.
How to Pick Your Strategy
Once you have selected the sport you will bet on you want to decide what your strategy will be for picking your outcomes. While some sports bettors trust their guts others analyze betting factors with statistical facts.
You want to find a strategy that is comfortable for you. Doing some research on a team before you make a bet could improve your results. Using a sports betting calculator could help you with your betting strategy too.
Types of Bets
Now that you have your strategy you are ready to place a bet. With so many different bet types it can be hard to decide which one to choose. There are a few bet types that are more common than others.
For example, Moneyline bets or Win bets are the most common sporting be. This type of bet is a wager on who will win a game, match, race, contest, or fight. If you were to bet on a team to win the NBA Finals, that would be a money line/win bet.
Other common types of bets include a handicap or a prop bet/specials. A handicap bet is great for experienced sports betters. A handicap bet is where the underdog starts in a positive situation while the predicted winner starts in a handicap situation.
In contrast, a prop bet/specials are bets placed on luck, and experience sports betters usually don’t make this bet type.
Online Sports Betting Sites
When it comes to finding the best sports betting offers you want to look online. Some of the most popular and well-known sports betting sites are DraftKings, FanDuel, and BetMGM to name a few.
When deciding on which online sports betting sites to use it can be helpful to do some research about them first. Take a look at what its users are saying about the platform and their experience.
Your Guide to Sports Betting
After reading this guide to sports betting you should have a better understanding of what it is. You want to pick a strategy, know your bet types, and start playing. If you are looking for other great articles like this one, make sure to visit our website today!