Placing wagers on the outcome of different athletic events (or any competition really) has been a practice that dates back all the way to the Ancient (and perhaps even further) era. People love to take risks, if they believe that the reward for those risks is sufficiently high. This includes risking their hard-earned money, in an attempt to double, triple, or even quadruple their earnings.
Throughout history, betting on sports has remained a popular practice. Whether it be the chariot races of the Ancient world, the jousts of the middle ages, the cricket bets made by nobility in the 15th and 16th century, or the football and horse race betting that gained prominence during the Victorian era, people throughout history have never stopped wagering. And this remains true to this day.
Thanks to the rise of online sports betting, more and more punters are becoming interested in the practice. New people are getting into sports betting every day, in large part thanks to the fact that online betting websites have made the practice a lot more available to people of all walks of life. However, there are a few things that you should bear in mind before you start betting on sports. In this article, we are giving a few tips that you should bear in mind before you start wagering.
Which Sports are the Most Popular?
The first thing to bear in mind is the answer to the question “Which sport is the most popular?” What we mean by this is, what are the sports that get the most traffic when it comes to online sports books. Some of the answers here might be obvious. Football is, of course, the number one sport. After all, with 3 billion fans around the world, nobody is shocked to learn that the game is also hugely popular when it comes to placing bets.
Horse racing is also a hugely popular sport on the betting scene. The sport’s roots can be traced back to the ancient era, and its popularity has endured to this day. If you are interested in placing bets on horse racing, look up the most popular events, or if you want to start small, check out the local horse tracks that you can bet on.
Other popular sports at most online sportsbooks include boxing, basketball, cricket, volleyball, and for US citizens, baseball, American football and ice hockey are hugely popular as well.
Which Players/Teams are the Best Performing?
When you pick the sports you want to bet on, the next step is to take a look at which teams or players are the best of the best. This point is just another way of saying, learn to read the odds that many sports books set up.
When it comes to American odds, they are based around $100 and are usually displayed as negatives. A negative number shows how much money you can get by betting $100. Positive numbers on the other hand are used to denote underdogs.
However, apart from reading odds, always make sure to keep up with the players and teams that perform better than the others. This is especially important for people who want to take alternative betting methods and try their hands at stuff like fantasy sports.
What Types of Bets Are Worth Placing?
Last, but not least, make sure that you explore all the different ways that you can place bets. Many new bettors are totally unaware of the types of bets that they can place. Most are familiar with so-called one-way bets. This basically refers to bets placed on one team to win over the other. However, these are not the only types of bets that can be placed.
A very popular betting form includes accumulator bets. This entails setting up numerous bets, however, placing them down as one total bet. This increases the amount of cash you can win, however, also multiplies the risk you take, as one loss will lead to the entire accumulator bet going to waste. Though, most websites do have certain promotions that will help you salvage your accumulator bet if it goes awry.
There are also quite a few other bets that you can place, however, they are sport-specific. Before you start betting, take a look at some betting websites, and research all the different bets you can make for a more interesting experience.