There are a lot of different sports betting rules that you need to know if you’re going to be successful with betting on sports. There aren’t technically any “rules” that will make you a criminal if you fail to follow. Instead, a lot of sports betting fundamentals need to be learned by heart.
The basics of sports betting
When it comes to the world of sports betting, the main objective is to beat the sportsbooks and the oddsmakers, subsequently making a profit as a result. For many people, betting on sports is not only a simple form of entertainment but also a great way to make real money.
Beating the oddsmakers and sportsbooks can be two different things as these two are often used conversely. For starters, oddsmakers are the people or betting experts that decide the odds of a match. Sportsbooks or bookmakers are the entities that accept wagers and bets.
Betting on sports can now be done online thanks to the internet. Many online betting sites offer a bunch of sports to cater to a wider array of bettors. In most cases, some online sportsbooks specialize only in the major ones like online football, basketball, tennis, and baseball.
Before you begin
There are a whole bunch of things that a bettor needs to know and understand before placing bets. Now that you have the overall goal of the game (if you wish to call betting a game), let’s talk about some basic essentials you should be prepping up for before the real thing.
Choosing the online betting website
One of the first things that a bettor should keep in check and pay attention to when starting out is the online sports betting Singapore site they wish to wager on. This also goes for brick-and-mortar bookmakers. The thing to remember here is that there’s nothing wrong with being picky when it comes to these kinds of things.
Of course, you can do whatever you want with your money. But why not be wise about spending them on a bookie site that you can completely trust. Not all sites are created equal and some are just downright scams. Always be careful.
Know your sport
It’s a complete no-brainer to focus on a sport that you are very familiar with. There will be less work for you to learn a bunch of information on the teams, players, seasons, etc. You would want to be comfortable wagering on sport(S) that you are most familiar with.
Not everyone can afford to watch football online or on live television. It’s always best if you have a background or two about the sports already.
Create and manage your bankroll
Managing your bankroll may sound fairly easy, but the truth is, it is quite challenging. Regardless if you are a big money spender or not, doing sports betting with no proper bankroll management will always result in a loss.
Another important factor here is discipline. You need to know when to stop and how to do it. Always keep in mind the main objective of sports betting: to win and not lose.
The betting options
From what you can probably tell at this point, there are a handful of wagering options that you can choose from. Please note that not all of these betting options apply to certain sports like how betting would be drastically different between a tennis match and a football match.
It is one of the easiest types of bets to understand yet a hard one to pull off. Outright is all about predicting the overall winner of a league, tournament, or championship.
Point Spread is also called handicap betting and is very popular across many sports, especially in football. The main idea is that sportsbooks will decide a team that is more likely to win and they will assign several points that the team will win the game by.
Also called the win bets, this is probably the simplest betting option there is out there. With Moneyline, you simply need to choose a team or player who will win the game. It’s basic and there’s not much to think about except evaluating whether your prediction will be very likely and plausible.
Totals or Over/Under
For total betting, you are betting on the total score made by both teams combined in the game. This even includes points made during overtime. Players bet over and under whether the score is above the assigned number set by the sportsbook.
This kind of bet is typically common and it is highly recommended for first-time punters.