There are infinite ways that sports bets can play out. That’s the great thing about sports is that you can never predict an outcome with complete certainty, truly anything can happen. This section includes information on how to bet on NFL football, NCAA, MLB baseball and many other sports.
However, the unpredictable, even crazy nature of sports should not be taken as an indication that there is no rhyme or reason to any of it, so you might as well just pick games at random and “see what happens.”
No, this is not the way to do things if you want to win money betting sports, including how to bet on NHL.
On the contrary, educating yourself about sports betting is essential if you really hope to be successful in this most challenging endeavor.
The Goal and Purpose of Pursuing Sports Betting Education
With the ever-worthy goal of education firmly in mind, CasinoReview.org has created a brand new “Sports Betting 101″ section, which will offer information about sportsbooks such as 5Dimes review and:
Of course many of the same principles—such as how to manage your betting bankroll—will apply to pretty much all of these sports betting options, but there are also peculiarities and finer points that bettors should keep in mind when betting on certain sports.
One well-known example of this would be the difference between a -3 point spread and a -4 point spread for an NFL football game. With a field goal worth 3 points and the NFL a league of parity, where most any team can win on any given Sunday, you as a bettor need to realize that a -4 point favorite is much more heavily-favored favorite than a -3 favorite.
For any sport, there are little tidbits of knowledge like -3 vs. -4 that can make a BIG difference in your success or failure as a bettor of that sport. And so this is the kind of knowledge that we will seek to bring to your attention in our new “Sports Betting 101″ section.
The Mechanics of Sports Betting Can Be Different for Different Sports
At a very basic level, before you progress to higher levels of sports betting knowledge, it’s helpful to be able to understand the mechanics of how to bet on the sporting events you’re betting on.
For instance, far too many people do not understand how to read a Major League Baseball betting line, because it’s different than your average NFL or NBA point spread.
In MLB, the most common (and usually the most profitable) bet is to take the “money line,” rather than betting on a +1 or +1.5 “point spread.” So for example, if the Yankees are playing the Red Sox, and the Yankees are -130 to win, you need to bet $130 to win $100.
And that is exactly what most baseball bettors will do, is bet the favorite on the money line, especially if the favorite has a dominant pitcher on the mound that day. Betting the “run line” point spread is not usually as desirable, because baseball games frequently are completely unpredictable once that starting pitcher exits the game—all bets are off at that point so to speak.
Betting NASCAR, meanwhile, is a totally different ballgame, and much more similar to horseracing, where you are picking not just between two different teams—either the Yankees or the Red Sox—but between a whole field of contestants, any of whom could pull out a victory.
With these more multi-outcome kind of sports, many successful bettors may adopt strategies such as hedging a bet on the favorite with a bet on an up-and-coming underdog.
And then of course there’s always betting on football/soccer, where the best bet on the board may be to bet that neither team scores a goal for the entire game!
Educating Yourself about Sports Betting Means Educating Yourself about Sports
It’s not always or even most of the time true that people who know the most about sports are the best sports bettors. There is such a thing as “over-thinking it,” not to mention that many sports enthusiasts are blinded by their allegiance to particular teams.
Nevertheless, it’s difficult if not impossible to be a long-term success betting on a particular sport if you are not knowledgeable about that sport. This is one of the pleasures of betting on sports, the ability to use your sports knowledge to make money. This is also one of the dangers of betting on sports, if you let your monetary losses destroy your enjoyment of sports (it happens).
Regardless, the bottom line is that you need to inform yourself about the sports that you will be betting on. You need to know who’s injured, which teams are strong at home and weak on the road, which players have a history of clutch performances, and so on and so forth.
It is foolish to place bets on sports that you don’t know anything about!
Many major sports betting sites have started offering comprehensive research resources, as a way to educate and engage their user bases. These betting-specific resources can be useful in addition to your usual sports betting resources such as ESPN.
After all, sometimes it’s not about who wins or loses, but who covers the spread. When you don’t know who’s been covering and who hasn’t, how well do you know your sport, really?
Well enough to put money on it?