A Beginner’s Guide to Sports Betting
Sports betting can be a fun and exciting way to bet on sports. But it’s not without its risks, and it’s important to understand the basics before you start wagering real money. Here’s a beginner-level breakdown of everything you need to know about sports betting to get started.
The first step to sports betting is to create a new account at the operator of your choice. Once you’ve done this, you’ll need to provide some basic information like your age, address, and phone number in order to verify your identity and location. You’ll also need to enable a geolocator on your device so that the bookmaker can verify that you are located in a legal state where sports betting is allowed.
Once you’ve verified your identity, you’ll need to deposit money into your account so that you can place your bets. The amount you deposit depends on your bankroll, risk tolerance, and the sports that you’re betting on. As a general rule of thumb, we recommend betting 1% to 5% of your total bankroll per game.
One of the most popular ways to bet on sports is with a moneyline bet. With this type of bet, you’re betting on a team to win based on the odds at the time you place your bet, no matter how they might change later on. Using this approach can help you make more bets and increase your chances of winning. However, even the most surefire bets can go sideways at times, so always bet with money that you can afford to lose.