In sports betting, you can make money over the long haul by following a solid strategy and sticking to it. This isn’t easy, but it can be done if you’re prepared for the rigors of day trading (and you should be). Here are two tips: 1. Keep track of your wins and losses (a standard spreadsheet works fine) so that you can learn from your mistakes. 2. Only bet on sports you see a positive return on investment on and/or with which you’re innately more familiar.
The most basic type of bet is a straight bet, which simply involves betting on the team that will win. This bet is offered at odds that indicate what you’ll stand to win on a $100 bet, with a positive number indicating the favored team and a negative number referring to the underdog.
Another popular bet is the totals wager, which focuses on the combined score of both teams rather than who will win a particular game. This is often a good way to get involved with a game that might seem a bit boring to watch, such as a Rams-Seahawks matchup. When placing a bet on the totals, remember this popular saying: “It’s never over until it’s over.”
Finally, there are futures bets, which are placed on upcoming events and will usually have a longer horizon than a typical bet, such as a bet that a team will win a specific season. These bets are typically available year-round but will not pay out until the event happens, such as a Super Bowl.