Sports Betting Strategies For Beginners
If you are a beginner in the world of sports betting, there are a few strategies to keep in mind. Some of these techniques include betting on unusual propositions like Futures, using Moneyline and Over/Under betting, and placing Parlay cards. However, it is important to keep in mind that betting on sports is not a sprint. You will have good days and bad days.
Futures betting on unusual propositions
Futures betting on unusual sports propositions is a growing trend in the sports betting industry. For example, some sportsbooks offer futures bets on which major league baseball player will hit the most home runs in the regular season. These bets settle over the course of many months or even years. These bets can be especially lucrative when you consider that injuries can cause players to miss games or even miss an entire season.
In sports betting, futures markets are popular, particularly for the Super Bowl. Each NFL team is given a specific odds to win the Super Bowl. The favorites are typically 5/1 or 10/1, while the underdogs can be as low as 150/1 or 200/1.
Moneyline bet
A moneyline bet is a type of bet in sports betting that focuses on one specific outcome. These wagers are often the easiest to place, as they do not involve any point spread or other odds. Most sports only have two possible outcomes, but there are also tie bets, which can be very lucrative in a parlay.
A moneyline bet involves picking a team to win a specific amount of money. While you can bet on the winning team, you cannot bet on the margin of victory or the number of points scored. A moneyline bet is the easiest bet to understand, which makes it a great option for new sports bettors.
Over/Under bet
The Over/Under bet is a common wager in sports betting. The Over/Under bet predicts the total number of points scored in a game and is a popular choice amongst football, basketball and hockey bettors. The over/under number is determined by the sportsbook’s betting line. You can place an Over/Under bet on either a team or an individual player, but it is important to check individual player stats before placing your wager.
Over/Under betting is not for the faint of heart. The odds for an over bet on a game are usually higher than those for an under bet. For example, if you bet on the Celtics to beat the Cavs, the over bet would win you $100, and the under bet would win you $12. However, this isn’t guaranteed. Sportsbooks will usually make adjustments to the odds for both sides of an O/U bet to minimize risk and keep their margins steady.
Parlay cards
Parlay cards are a way for you to place a wager on multiple teams in one game. These types of bets are a good way to maximize your betting potential. Parlay cards are available at many sports books and are a great way to bet on multiple games. You can place bets on up to 15 different teams, each with a different payout.
Parlay betting is a great way to make a small stake into a large cash payout. Depending on the odds of the different games, you could win five figures with a $20 bet. Parlay cards are also like lottery tickets, in that you don’t need to invest a lot of money to get started, but the potential for high earnings makes it worth it.
Daily doubles
Daily doubles in sports betting are a great way to expand your betting pool. But you must choose carefully. Daily doubles pay out only when you bet on the same race, so it is essential to select your horse wisely. You should also back several horses to decrease your chances of losing one of them. You can also use a wheel bet to decide which race to back.