There isn’t an exact science behind sports betting. If there were, you’d be cashing in on winning wagers more often than not. But having the luxury of doing research and carefully making your selections with your favorite online sportsbook will only strengthen your chances of turning longshot wagers into fruitful payouts. Aside from pure convenience, there are many other benefits to placing sports wagers online.
Sure, old school bettors still enjoy the face-to-face interaction you may get at live sportsbooks. But the perks almost all major sportsbooks offer reel in new customers on a daily basis. For instance, popular online sportsbook Bovada offers new customers a $250 welcome bonus after making a first deposit on the website. Bovada also offers perks based on which sports you may be betting on.
Bet365 has a similar perk for newcomers, luring new bettors with its enticing deposit bonus of up to $200.
These are advantages you may be missing out on by opting to place your sports bets in a traditional sportsbook. Much like everything in the world, sports betting is transitioning online more and more each day — and for good reason.
Learn To Earn Video Series
You should always enter each bet with the mindset that you will come out on top, but there are several factors to consider before embarking on an online wager. We are here to help with our detailed Learn to Earn video series, which is designed to assist bettors with everything from how to make an online wager to when is the best time to put your money down on a specific team.
Check out all of our videos on our new YouTube channel:
How To Win Sports Betting
Sports betting isn’t just about picking a team and hoping for best. It requires knowledge — regardless of the sport you are placing your wager on — as well as hours of research in order to come out on the winning end of your picks.
When embarking on an online bet, pick a reputable sportsbook that works best for you. There are several things to consider before making a first deposit on a leading online sportsbook. Factor in which ones are offering the best deposit bonuses or which online sportsbook is the easiest to navigate and access your account.
Much like any other traditional sportsbook out there, there are several betting options when putting your money down on an online bet.
One of the most popular wagers online is a moneyline bet — which is simply picking a team to win outright. Like any other bet, there is a favorite and an underdog attached to any moneyline wager. For instance, if you’re betting the Green Bay Packers at -285 to win a upcoming game, you’d have to put down $285 to win $100. On the flip side, if the Detroit Lions were +310 underdogs, you’d have to bet $100 to win $310. While it sounds simple, it does take some skill and research in order to pull off a successful moneyline bet.
If you’re looking for a potential bigger return on your wager, consider a parlay bet — a format that allows you to put your money on two or more games on a ticket. Your chances of cashing in on a parlay become much tougher when betting on more than one game, but reaping the benefits of higher payouts can be exciting and will leave you wanting to get in on multiple-match wagers more often.
So how do parlays work exactly? Let’s say you want to put your money on two separate teams in a $20 moneyline parlay — the New England Patriots to beat the Buffalo Bills at +285 and the Seattle Seahawks to take down the Arizona Cardinals at +220 — the payout would be $226. Take a look at our Parlez-vouz Parlay video series to gain invaluable insight about parlay bets.
Other examples of betting types offered on major online sportsbooks include over/under, prop wagers as well as point spread.
The latter is also a popular betting option online, especially in a parlay format.
Point Spread Betting
Wondering how a point spread wager works? It’s actually pretty simple to grasp. Let’s say the Golden State Warriors are at home against the Cleveland Cavaliers. The Warriors enter the match as -4.5 favorites — meaning the club will have to defeat the Cavs by five or more points to cover. If you’re gut is telling you it will be a closer match or that the Cavaliers will come out on top, you would pick Cleveland to cover at +4.5.
Are feeling comfortable enough to start your online sports betting journey? Here are some of the leading online sportsbooks to consider before putting your money down.