More people are betting on their favorite sports than ever before. Need proof?
Legal sports betting has quadrupled in the United States in recent years!
Do you want to give it a try too but feel unsure about where to begin? You’re in the right place. In this article, we’re going to reveal exactly how and where to start betting on your favorite sports teams in 2022.
Know the Basics
The more you dive into the world of sports betting, the more you realize how much there is to learn! Set your enthusiasm aside and ensure you know the basics before gambling any of your hard-earned money.
Start by learning about the 4 main types of betting: Moneyline bets, point spreads, totals, and better futures. Moneyline bets involve betting on who you believe will win, whereas point spreads involve betting on how many points a certain team will win by. Totals involve betting on the combined score for both teams; futures involve betting on longer-term results (e.g. who’s going to win the title).
Choose Where to Bet
Sports betting still isn’t legal in every state, so another key step is ensuring you’re actually able to partake in the pastime! Check the rules in your state to avoid potential problems.
From there, you can start looking into the various betting sites to decide which one takes your fancy. From the Bet365 Sportsbook to DraftKings and Betfred, there are numerous options. Read some reviews to decide which is right for you and always stick to reputable services like the ones we just listed.
Decide How Much to Bet
Ultimately, you’re in control of how much money you want to bet each time! Be sensible though. Tempting as it can be to roll the dice, a good rule of thumb is to bet nothing more than what you can afford to lose.
Spread the risk by using a flat betting approach. This means you bet a set amount every single time (while only risking a maximum of 5% of the money at your disposal on each play). If you had $200, then you’d bet a maximum of $10 per game.
Set Some Rules
Sports betting is all about having fun. But you only have to look at statistics on sports gambling addiction to realize the potential for trouble that’s involved! That’s why we encourage you to set rules for yourself- much like the flat betting approach we just described.
Another good rule is this: when in doubt, don’t make the bet. Avoid betting for the sake of it, or because of social pressure, or whenever you’re unconfident, and so on. Your wallet will thank you over time!
Time to Bet on Your Favorite Sports
Sports betting has seen a surge of popularity in recent times. And for good reason! It’s fun-filled, exhilarating, and can be incredibly lucrative when you get good at it.
With any luck, the insights on how to bet on your favorite sports in this article will help you get started. Hungry for more insights on similar topics? Stick around and browse our blog today!