Betting on sports games is a hobby for many, and most people just consider it to be a fun and friendly past time. But there are ways to consistently make money on sports betting, and the tricks are understanding betting strategy and the different types of bets you can make, understanding the odds, making smart bets, and walking away from bad bets. Community Dashboard Random Article About Us Categories Recent Changes. Write an Article Request a New Article Answer a Request More Ideas Open a specific bank account.

When you open this account, be sure you invest enough money to cover your bankroll for an entire season or year, not just a single game. Create accounts with a few sportsbooks. Some sportsbooks also offer signup bonuses, so be sure to shop around. Learn to make smart bets.

For instance, while each bet should represent about one to two percent of your bankroll, you can reduce this to 0. Similarly, you can increase the bet if you're very confident, but never place a bet that exceeds four percent of your bankroll.

Many experts recommend not betting on your home team in any sport, because your bias can cloud your judgement, and this can lead to great losses. Create a betting schedule. This refers to the practice of trying to recoup losses from a previous bet with more betting. The opposite is also true: Have a betting schedule or routine and stick to it. This refers to betting with a clear mind and focus.

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Many people will read this and think it is common sense but you would be surprised how many people break this rule. Emotions can get the best of all of us, and bad decisions can be made from those emotions. The team associated with the minus number the Leafs is the favored team, while the team associated with the plus number the Canucks is the underdog.

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However, you can bet on the moneyline for almost every sport. Learn about point spreads.

Point spread betting is more popular in games where there's a larger gap between the final scores. Parlay betting involves making multiple types of bets on the same game.

How much money can you make in sports betting?

For example, if you combined a moneyline bet and a point spread bet on the same game, this would be a parlay bet. These bets often offer large payouts, but they require a great deal of accuracy. Shop for the best lines.

This is where having accounts with multiple sportsbooks will come in handy, because some will offer better moneylines on the same games, meaning you have to risk less for the chance to win the same amount of money.

The best time to line shop is about an hour before a game. Make bets based on the odds. Betting with your head instead of your heart is all about making smart bets based on odds rather than emotions.

For instance, if you're betting on a baseball game and think the Yankees are going to win, you might still be better off placing your bet on the Jays if the odds are right. Take advantage of matched betting. Matched betting involves taking advantage of the bonuses and incentives offered by books to place bets for and against the exact same event. Matched betting is all about taking advantage of free bets and betting for both possible outcomes on the same game, so this type of betting is as near to risk-free as you can get in gambling.

How do I win when the line is minus 7? That's the spread -- the under dog is plus 7. If you pick the favored team and they win by more than 7, you win.

If they win by exactly 7, you tie. If they win by less than 7, you lose.

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How to Bet Online - Guide to Online Sports Betting

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