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New to sports betting? Want to turn your sports knowledge into some extra cash, but don't know where to start? There are a few things you should know before you place your bet. Point Spreads, Moneylines, and Over/Unders A few popular methods of betting listed in the heading are features you'd find at almost all sports books. Moneyline bets are "straight up" win or loss bets often leading to a greater risk for favorites and a higher payout for underdogs. If the Indianapolis Colts' moneyline is -600 vs. the Houston Texans' +350, it would mean the bettor would have to risk $600 to win $100 on Indianapolis, while a $100 bet on the Texans would yield a $350 win. The general purpose of point spread betting is to create an active market for both sides of a wager. If, in the same game, the Colts were favored by 8.5 points (-8.5), they would have to win by 9 points to cover the spread and win the bet. If the line was -8, and the Colts won by 8 points, the result is what as known as a "push" or a tie, meaning the bettor is returned his bet amount. An Over/Under bet is simply wagering on the combined final scores. Point spread bets and Over/Under moneylines are usually -110. That is, in order to win $100, the bettor must risk $110. Each sports book has the option to set each moneyline, and many will adjust theirs to their customer's tendencies. Most online sports books have much smaller minimum bets, keep in mind that the bet amount is proportional to the moneyline.
Bankroll Management One of the most effective but often overlooked concept of winning sports betting is bankroll management. The term bankroll refers to the amount of money reserved for gambling, not the player's overall savings. Players should not risk more than 5% of their bankroll amount for each bet (or "play"). For example, if you deposit $1000 to an online sportsbook, it would be recommended to risk no more than $50 for one play. By risking a small portion of your bankroll, you are less likely to gamble your whole bankroll on bad runs. Disciplined players can wager a higher portion of their bankroll, but it is important to keep the principles of bankroll management in mind with each session. It is equally important to eliminate the temptation to chase your losses with bigger bets.
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