Sports betting can be a fun and exciting way to predict your favorite sports and teams, e.g., the Bundesliga using the latest Bundesliga picks, but it’s important to know the basics before getting started. To help you in that field, we’ve composed an ultimate guide with beginner’s steps to sports betting.
Let’s get started without much further ado!
How to get started with sports betting: The basics
The first thing you need to cover is the types of bets you can place. The most common type of bet is the straight bet, which is simply picking who you think will win the game.
You can also bet on the point spread, where you pick a team to win by a certain number of points. For example, if the point spread is -7, you would need the team to win by more than 7 points to win your bet.
There are also other types of bets that you can make, such as parlays and futures. Once you understand the different types of bets, you can start researching which teams to bet on.
It’s important to remember that sports betting should be seen as entertainment, not as a way to make money.
How to manage your bankroll and set betting limits?
There are a few things to remember when managing your bankroll and setting betting limits.
1. You need to be aware of your overall financial situation and ensure you can afford to lose the money you’re gambling with.
2. Set a limit on how much you’re willing to bet on any given day, week, or month to ensure that you never overspend.
3. Be disciplined and stick to your limits. If you find yourself losing more than you can afford, it’s time to walk away and take a break.
How to read betting odds and understand what they mean?
When it comes to betting, you first need to understand the odds. Let’s crack that code!
The most common way to express odds is with fractions, but they can also be expressed as decimals or percentages. If you see odds expressed as a decimal, simply multiply the number by the amount you want to bet to calculate your potential winnings. For example, if you bet $10 on odds of 3.5, you would stand to win $35 if your bet was successful ($10 x 3.5 = $35).
If you see odds expressed as a percentage, divide the number by 100 and multiply it by the amount you want to bet to calculate your potential winnings. For example, if you bet $10 on odds of 90%, you would stand to win $9 if your bet was successful ($10 x 0.9 = $9).