For many people, sports betting seems like an easy way to make money without much risk. It can be fun to place bets on a game, knowing that you could win big if your team wins—or lose big if they lose! But before you start betting, be sure to keep these things in mind, and make sure you do it right! If you don’t do your research and learn how to minimize your risks while maximizing your profits, then sports betting could end up costing you more than you gain from it. So how can you make risk-free money with sports betting? Read on to find out!
Why You Should Start Sports Betting
Let’s talk about risk. Or, more specifically, let’s talk about ways you can make risk-free money. Because as a sports bettor, that is exactly what you want: easy money that doesn’t come with any risk attached. Of course, I don’t expect you to become a professional sports bettor— but there are some big benefits if you do decide to put down a few dollars on every game—and they all have less to do with betting on games than they do with making more money in your day job or business venture.
Why Do I Need To Know About Spreads?
If you’re brand new to sports betting, you may be wondering why spreads matter. Without getting too complicated, there are essentially two kinds of bets: straight wagers and spread wagers. A straight bet on a team is a bet that they’ll win their game outright. A spread bet on a team is a bet that they will win, but by any number of points. Sportsbooks set their point spreads based on the likelihood of teams winning in different ways; for example, it may not matter much if Team A wins by 4 or 12 points, but it might make all the difference if Team B wins 10-9 or 6-0.
What Are The Main Types Of Bets?
There are two main types of bets: point spreads and moneylines. The most popular bets for these two markets are presented below. Each selection is offered at a price, or odds, established by sports books (aka gambling sites). Point Spreads (also known as Handicaps): predict how many points or goals a team will win by. For example, if Team A is playing Team B and you choose to bet on Team A, you would select which team you think will win using either their -1 (the number of points they need in order to win) or +1 (the number of points they have to give up in order to win) as your point spread selection.
Betting On Each Individual Play
An individual sports bet isn’t much different than any other. In fact, it’s better than most because of how easy it is to use and how fast you can get your money if you win. If your team wins a game in regulation time (that is, they don’t score in overtime), or loses by seven points or less, then you win your bet. It’s that simple!
What Are Parlays & Teasers?
When you make a bet, you want to win and you want your money as quickly as possible. Enter parlays & teasers. Parlays are multiple bets placed on one ticket that all must win for you to collect on any part of your bet. Teasers are when they create point spreads that go in your favor. This enables sports gamblers like yourself, who have inside information or know something others don’t, an opportunity to increase their income while minimizing risk. This can be done by placing smaller bets in hopes of winning big payouts!
Placing Multiple Bets Simultaneously
If you’re not aware of it, you should know that sportsbooks will allow multiple bets on a single event. While these types of wagers are technically known as parlays and teasers, they essentially operate in the same way. When placing an accumulator, for example, bettors may want to bet both teams in a soccer match to win (you win if either team wins). Many sportsbooks allow accumulators on three or more games at once. Doing so significantly increases your potential payout but also raises your risk substantially. If one game finishes in a tie and none of your picks win outright, for example, then your entire bet loses.
An Introduction To Sides and Totals
When it comes to wagering on sports, there are a few important terms you should know. The most basic of these are sides and totals. Sides refers to how many points (or goals) a team might score at any given time, while totals refers to how many points (or goals) might be scored in an entire game. So, if a game has a total of five and Team A is leading by one with seven minutes left in regulation, then Team B can score three more and still win that particular matchup. To put it simply, if you bet on Team A, and they win by two or more points, you win your bet.
Which Bets Are Available?
Every bookmaker and sportsbook offers something a little different. Whether you’re looking for college football, professional baseball, or men’s tennis, you should be able to find an option that fits your needs. When reviewing sportsbooks, focus on their offerings when it comes to NFL betting. There are multiple types of bets available on NFL games like point spreads, money lines and over/under totals. Some books also offer teaser odds and props for big games. If parlays are allowed in your area (check with a bookmaker before making a bet), then you can use those as well in combination with other bets. What kind of options will help you make risk-free money?