Sports betting is popular in the US, but how do you take your first step into this complicated world? It’s your money on the line, and there is always the chance that you may end up losing it all. While betting on football match predictions may seem risky, it can be rewarding to participate. All you need to do is learn a bit of the basics and dip your toe into the exciting world of online sports betting.
Understanding the Laws in Place
Let’s get this out of the way first. Many people believe that online sports betting is illegal in the state they reside in. However, this is a misconception. There are laws in place that prevent businesses to participate in sports betting and to conduct online transactions. However, those laws don’t apply to casual gamblers. You can place a sporting bet online, without the fear of breaking any rules.
What Sport Can You Bet On?
You can place bets on any of the sports that online betting sites have listed. This includes a variety of sporting events. Some of the sports listed may not be particularly popular in the United States but provide exciting betting opportunities.
- Ultimate Fighting Championship(UFC)
- National Football League(NFL)
- NBA Championship Series
- FIFA World Cup
- Super Bowl
- March Madness
- The Grand National
- Cricket World Cup
How Much Should You Bet
The first rule that a beginner needs to remember when placing a bet is that they should only wager what they can afford to lose. Every bet is a risk, and there is no guarantee that you will win.
Let’s say you start with a bankroll of $250. Bankroll is the money that you start with before you begin betting. Divide the amount into equal parts. Now, you can bet the smaller amounts, usually up to 5% of your bankroll on each game. This is also known as flat betting.
Learn the Language
You need to be able to understand betting jargon so that you can place a bet.
The term favorites is used to identify the team or individual that is expected to win the game.
An underdog is a team or individual that is expected to lose the match or event.
This is a type of bet that allows people to place a bet on the margin of victory or loss.
This is another type of bet where you can wager on the team that will win the event.
In this type of bet, you can bet your money on whether the final points of the game will be under or over the set score.