Sports betting involves predicting sports results and placing wagers on the outcomes. There’s a wide selection of games to bet on, including the English Premier League soccer, National Basketball Association (NBA) games, golf tournaments, tennis tournaments, and NASCAR events, among others.
You can place your bets in several ways, but fixed-odds betting is perhaps the most popular way to bet on sports. Success on sports betting platforms like SBOBET requires knowledge of a few minor details, which we’ll explore in this article.
Why Bet on Sports Games?
Many gambling enthusiasts love sports betting for the following reasons:
- Simple – There’s nothing complex you need to know about sports betting before you get started. Familiarise yourself with basic mechanics of how it works, and learn how to place a bet.
- Exciting – Betting on sports games is a lot of fun. Many bettors derive joy from testing their sports knowledge against the bookmakers. It makes watching sports more exciting, too.
- It’s not all about luck – Unlike other forms of gambling, sports betting is not completely dependent on luck. While the bookmakers have an edge, you can overcome the advantage if you understand what you’re doing.
Favourites vs Underdogs
When the bookmakers release a betting line on a sports game, they often start with deciding which team or player is the likely winner, dividing the favourite from the underdog.
The team that has a higher chance of winning has a minus sign next to its odds. The underdog is the team that is more likely to lose and features a plus sign next to its odds (representing the handicap).
Types of Bets
There’s a wide range of bets for virtually every type of sport. These wagers fall into different categories, such as single bets and multi-bets.
Single bets are the most popular choice in sports betting, including Handicaps, Over/Under bets, Points Spreads, Futures, and the classic 1X2 bets (a home win, draw, and away win context).
Multi-bets involve more than one selection, and some of these wagers include combo bets and system bets. Other categories include conditional bets, forecasts, live bets, and specials (or novelty bets).
Bankroll Management in Sports Betting
When it comes to betting on sports games, it’s important to set aside a certain amount of cash that you can afford to lose. This cash is referred to as your bankroll.
As with any type of gambling, you shouldn’t bet on sports games with money that you can’t afford to lose. Rather, set aside the cash that you plan to use for your bankroll for the week, month, or season.
An effective sports betting strategy for bankroll management is to only place bets with 1 to 5% of your bankroll. If your bankroll for the premier league season is $2,000, you should not place more than $20 to $50 bets for every premier league game.
Don’t make the mistake of placing bigger bets in the hope of recovering your losses. You’ll often end up losing more money.
Once you’re proficient on convenient sports betting platforms like SBOBET, you’ll find sports betting more exhilarating the more you know about the game. Stick to your betting budget and learn the ropes for hours of entertainment from your smartphone or PC.
