Sports Betting 101

sports betting

Sports betting involves placing a bet on an outcome of a game or event. The most common bets are moneylines, spreads and parlays. You can also make bets on a single team or player. The key to success in sports betting is separating yourself from your fandom and doing your research. You should also know the lingo and terminology used in sports betting. For example, when a team “covers” a spread, they have beaten the line and turned a profit for bettors who placed the bet.

Before you place your first bet, check out the odds offered by different online sportsbooks. This will give you an idea of what type of lines they have and how much vig (vigorish) is charged. Some sportsbooks offer lower vig than others, so it’s worth shopping around to find the best deals.

You’ll also want to open a separate bank account for your sports betting. This will help you keep track of your winnings and losses more easily. A good rule of thumb is to treat your sports betting like any other part of your budget – and only bet with money that you can afford to lose.

In addition to moneylines, spreads and parlays, you can also bet on prop bets. These are bets that take a more in-depth look at an aspect of the game, such as how many points will be scored or how long the national anthem will last. They can be fun to place and can add a whole new level of excitement to a game, even when you’re not watching it in person.