How To Bet On Sports Betting 101 For Beginners
Originally an Australian company, PointsBet has developed a strong brand amongst incredibly tough competition. Initially, PointsBet was at a disadvantage because of major American companies having strong brand recognition in the states. BetRivers underwent a rebrand in 2019 that made a huge impact. Initially, Rivers Casino was SugarHouse Casino, and around the same time that the rebrand was taking place, so was the investment into the online sports betting marketplace. It spent $5 million on the BetRivers sportsbook, and the rest is history.
This way, if the final combined score was 66, it would be an under, and a 67 would be an over. For instance, let’s say you want to bet on the Yankees winning the world series. Future odds of -120 give you a much better payout than odds of -140 would. Make sure to check a few different sportsbooks to find the best offer before you place a wager. Now that we’ve covered the basics of how to bet on sports and understand odds, it’s time to decide where to play.
Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened March 2020. As of 2020, there are 21 states (and Washington D.C.) that have legalized sports betting. Most legal sportsbooks around the country won't allow you to make bets with Venmo.
By taking both bets, they would win twice if Pittsburgh beat Dallas by exactly 4 points, a win margin that’s fairly uncommon in the NFL. If you are planning to enter the betting world, it is important to be able to understand and interpret all types of odds well. Five-to-one odds imply that every $1 wagered could win you $5 if the bet is successful.
FanDuel has become a major player in the sports betting industry as its mobile betting app is now live in over eight states. While it started as a top DFS provider, FanDuel’s mobile sportsbook is now an even bigger product. Lineups.com has been working with FanDuel since 2013, and we recommend it as one of our favorite sports betting platforms. FanDuel offers a wide range of sports and is working on adding even more markets.
Most of the sportsbook bonuses and money line bet promos for new users come in the form of deposit bonuses and/or risk-free bets. Deposit bonuses are where the sportsbook will match what you initially deposit and release in the form of site credits for you to wager with. You will need to play through that money to be able to withdraw. The risk-free bets are where your initial bet after signing up will be refunded back to you in site credit if that bet does not win.
That has brought an abundance of promotions and bonuses for new users. Most come in the form of a risk-free bet or deposit bonus match. However, the promos and bonuses range from sportsbook to sportsbook.
If the point spreads are fairly even (-1)(+1) then move on to the money spread. You will be much more likely to win covering a tight money spread. Click each of the buttons below for explanations on the different bet types. Our live odds pages will automatically surface the best line for every game. If the Patriots win by 6 points or fewer (or lose the game straight-up), you lose your bet. With a single tap, we’ll take you from theScore to theScore Bet, making it faster than ever to place a bet.
In this example, we added Arizona’s +180 odds to 100 and divided the sum by 100, giving us 35.7%, which is the oddsmakers’ assessment of Arizona’s probability of beating Dallas. To determine the Cowboys’ implied probability, we need to use a different formula designed to flip negative odds into positive digits. The Steelers beat the Cowboys by fewer than 3 points, or the Cowboys upset the Steelers. By betting strategically, you could end up with one win and one push, or even better, two wins. We’ll show you how this is possible with a historic example of a line change for a Super Bowl game between the Pittsburgh Steelers and the Dallas Cowboys in 1979.
The welcome bonuses and specific betting markets differ across the sportsbooks, however. Sign-up promotions for new users usually come in the form of risk-free bets, matching deposits or both. Bet on all your favorite sports with DraftKings' legal mobile sportsbook app! DraftKings Sportsbook gives you more ways to have skin in the game and get closer to the games you love, all on a safe and secure platform. BetMGM features some of the best promotions in the sports betting industry, including its Lions’ Boost, which is one of the best odds boosts out there. BetMGM also offers such promotions as risk-free prop bets, long-term challenges, parlay profit boosts, and more.