Whether you are an expert or just starting out, betting on sports is a great way to make some money. However, it can also become a big problem if you don’t know how to do it right. The following tips and tricks will help you navigate the sports betting waters.
Using the right unit sizing is key for long-term success. Usually, bettors size their bets between one to five percent of their bankroll. This means that if you have $100, you should put at least that much on each bet.
Betting on the favorites can be risky, but it can also be a great way to make a lot of money. Betting on underdogs can also pay off, but at a lower rate.
The “superfecta” is a complicated game of chance, but the simplest example is a “trifecta”: pick the first three finishers in any order. A “daily triple” is similar, but picks winners of three consecutive races. The shortest version of this game is a “quinella.”
A “wacky” proposition bet is a bet on a specific event, like the Super Bowl. This is sometimes found in Las Vegas sportsbooks. These are not as accurate as other bets, but they carry lower limits.
The “point spread” is another way to bet on both sides of the game. The point spread is calculated based on how much the bookmaker believes the two teams will score. If the bookmaker believes the score will be more than a certain number, the team you bet on has to cover the spread. If the score is less than a certain number, the team you’re betting on wins.