For newbies, sports betting can be confusing. However, there are some basics that new bettors should know. These include the Over/Under and Moneyline bets. In addition to these, you should also know how to place futures bets. By following these tips, you can make the most informed decisions when placing your bets.
Over/Under bets
Over/Under bets are a popular way to place a wager on the final score of a sporting event. The idea behind this type of wager is that a team will win by scoring more points than their opponent. Leading sports betting operators offer a variety of options for over/under betting.
Moneyline bets
Moneyline bets are a great way to make money with sports betting. The key is figuring out when an underdog has a good chance of winning a game. This can be due to an injury to a star player or poor recent form for a favorite team. If you can spot these situations, you can win big betting on the underdog.
Futures bets
Futures bets in sports betting are like prop bets, but with added juice. While their implied probability of winning is lower than straight wagers, they can still offer a substantial payout. Most futures bets come with a high juice, ranging anywhere from 25 to 30 percent. The odds are quoted in list form, from best to worst chances of winning. For example, you can place a bet on the Indianapolis Colts to win the Super Bowl.
Prop bets
While you’re betting on the outcomes of the games, you should also consider placing a bet on the props. This type of wager is often more difficult to handicap, so research is necessary before placing a wager. However, the payouts for these types of bets are higher than for standard game bets.
Futures bets on unusual propositions
Futures betting is betting on events, such as a competition or a tournament, in which the result is uncertain. Such bets are not permitted in most jurisdictions, but in a few states, like Nevada, you can place them.
Legality of sports betting
The Supreme Court has opened the door to legalized sports betting and put the onus on states to make the decision. The Court has also struck down the federal prohibition on professional sports gambling. The law was passed by Congress in the 1990s to protect the integrity of professional sports. Before this ruling, Nevada was the only state protected by federal law.