How do odds work for dummies?

You'll see something like -125 or +125: The negative numbers mean that they are the favorite – the positive numbers mean they're the underdog. For example, when the odds are -125 it means you have to risk $125 in order to win $100. On the other hand, when the odds are +125, you'll be risking 100 to win $125.

us-odds.com - Sports Betting For Dummies - Simple Guide To Sports Betting - US Odds

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What Is A Teaser Bet?

A teaser bet has similar characteristics to a parlay bet, in that all of the teams or totals you picked have to win. However, in a “teaser” bet, the point-spreads and totals are adjusted to lower the bettor’s risk. For instance, if New York is favored by 10 points, you can lower the spread down to three points and so on with other games that you chose. The drawback with teasers, though, is that the bettors will typically wager a lot more than they’ll win. If the teaser loses, it could be a sizeable monetary collapse.

How To Bet On Props (Specials)

A prop bet based on a proposition (novelty, side bet) that something will happen that won’t affect the outcome of the game.

Examples: Will Todd Gurley rush for more or less than 1.5 touchdowns? Will Tom Brady throw for more or less than 315.5 yards? Will Stephen Curry make more or less than 5.5 3-point field goals?

Cash-Out Sports Betting for Dummies

Many sportsbooks offer their customers the chance to ‘cash-out’ before the event has finished and their sports wager has been settled. The cash-out feature is a way for a bettor to lock-in profit from their sports wager, or minimize their losses. The size of the payout is determined at the time of cashing out your bet and depends on the likelihood of the bet winning. For example, let’s say you bet with BetRivers Sportsbook and you’ve wagered an NFL parlay bet on three matches. You picked the correct outcome in the first two matches and the final match is yet to play. In this situation, some sportsbooks will offer you the chance to cash-out your bet. If you’re offered more than your stake to cash-out, then you can lock-in profit from your bet and cash out. However, let’s say you backed Clemson University to win on the moneyline in a College Football game. It’s the fourth quarter and Clemson University is losing by a touchdown and don’t look like they’re going to win. You can minimize your loss by cashing out your bet with the sportsbook. To sum up, cash-out is a way for a sports bettor and a sportsbook to minimize their losses/risk.

In-Game/Live Sports Betting for Dummies

Live betting also known as in-play betting is exactly what it says. The ability to wager on a sporting event that has already begun, but has not finished yet. There are many Sportsbooks that offer their customers live betting capability, which are:

Caesars Sportsbook

Unibet

Bet365

Resorts Sportsbook

SugarHouse

Bet Responsibly

Gambling is a fun way to enhance the excitement of sport, but it is important to know how to bet responsibly and stay in control. It may sound simple, but betting what you can afford to lose is the best advice ever given. If you set aside (for example) $50 each week, you know that is the maximum limit that you can lose – anything you win is a bonus. Now, just because you win $200 early in the week and then lose that, on top of the $50 you set aside, doesn’t mean that you can expand the initial limit you set.

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Chasing losses is always something that gets gamblers in trouble. Let’s say you’re betting on an NFL game early in the day and lose – that doesn’t mean that you should make a bet that’s double the amount later on. For starters, you probably didn’t do as much research on that latter one, but more importantly, you could put yourself in an even bigger hole. All in all, you shouldn’t look at gambling as a way to be your primary source of income. It should be fun and done responsibly. If you feel your betting is becoming a problem and you feel out of control, seek help at 800-GAMBLER.

Value Bets and How To Identify Them

Finding value in miscalculated lines is key to gaining an advantage for yourself against the sportsbooks. For instance, there are certain teams that play much better in their home stadium than they do on the road. Other teams play better against others because of particular matchups – in basketball, one team may have another height advantage over the other, thus giving them a chance at more rebounds and possessions. Online sports betting isn’t easy – if it was, everyone would be swimming in money. On nearly every level, it’s up to the bettor to make the best possible choices. Of course, some luck doesn’t hurt, but sometimes you make your own luck. Fortunately, US-Odds has done the hard work for you through our Computer Picks algorithm which calculates bets offering the most value on each sport.

Summary

Now that you’ve read through the basics of our sports betting for dummies guide. You should now understand the main types of sports bets, as well as the idea of value bets and how to bet responsibly. If you want to learn more about sports betting then make sure you check out the rest of our sports betting explained guides to become a betting pro. Alternatively, if you’re ready to begin online sports betting. Read our full and comprehensive Sportsbook reviews to find the best sportsbook for you or check out the best free bet bonuses being offered.

us-odds.com - Sports Betting For Dummies - Simple Guide To Sports Betting - US Odds

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