Sports betting is becoming more and more popular in the United States. Now that states have been given the green light on an individual basis to decide whether or not to legalize gambling on sports, the industry is on the verge of a massive boom in this country. We have already seen states like New Jersey and Pennsylvania enjoy a massive financial windfall thanks to the legalization of sports betting, and this is just the beginning.
The proliferation of the industry means many sports bet sites are beginning to operate in new markets. If online sports bet isn’t yet legal in your state, it likely won’t be very long until it is. Dozens of states have already introduced legislation with an eye on legalization, and more are expected to follow in the months and years ahead.
Tip: If you want to learn more about sports betting sites, you can check out this detailed guide here.
Even if you have never bet on sports before, it’s never too late to get started. The following are some useful tips to use if you’re new to online sports betting.
Seek Out Deposit Bonuses
One of the best trends in the online gambling industry is the prevalence of bonuses. You have no shortage of options as a consumer, and the sites know that very well. As a result, every site is trying their best to set themselves apart from the field. One way they can do that is by offering advantageous bonuses and other offers to interested new players as well as existing customers.
These days, all of the legit sports betting sites will offer some kind of deposit bonus. So, when you deposit into your account before placing a bet, the site will match your initial deposit up to a certain percentage. That extra money can then be used to place additional bets on the site. You can’t just withdraw those bonus funds right away, but if you bet that money and win, you can certainly withdraw whatever winnings you earn.
Sites will also offer other bonuses for special events like the Super Bowl, and they will offer “reload” bonuses for additional deposits. The sites want to keep their customers happy while attracting new ones all the time. Some sites offer better bonuses than others, so it’s worth taking the time to shop around the internet in order to find the best possible bonus that suits your needs.
Find the Sport You Want
All of the top sites offer an array of different betting options. Football is king in the U.S., so if you’re looking to bet on the NFL or college football, the sites will have you covered. Every site will offer basic bet options like spread, Moneyline and over/under betting. Some offer different prop bets than others.
The best sites will also offer NBA, Major League Baseball, NHL and soccer betting, among plenty of other options like tennis, golf, and just about every other sport under the sun. If you want to bet on the NBA, find the site offering the best NBA-related deposit bonus as well as competitive odds.
If you’re just getting started, it’s probably wise to just stick to betting on one or two sports while you get your feet wet. Betting on sports can be a lot to take in at first, so focusing on one or two sports can help you find your footing. The more knowledge you have about one sport, the better you’ll be at betting on it. Once you’ve gotten the hang of things, you can then expand your horizons to bet on a variety of other sports.
Try Live Betting
The advent of the internet and mobile apps has led to a surge in live in-play betting. While most traditional bets take place before a game begins, in-play betting affords players the chance to bet on the action while a game is ongoing. So, if you weren’t able to place your bet before kickoff, sites will still offer you the chance to place bets while the game is still in progress.
The in-game odds are constantly fluctuating. Sites will offer odds on things like the score after the first quarter, and which player will score the next touchdown, for example. You can also bet on the outright winner of the game after it has started, though the odds may be less favorable than they were before the game began depending on what has happened during the action. In-play betting is a new and different way to get in on the fun.
Manage Your Bankroll
You will not enjoy much success as a sports bettor if you don’t have discipline. The best players exercise self-control and know their limits. If you’re just starting your online sports betting career, bankroll management is the most important skill to learn. First off, you have to be okay with potentially losing whatever amount you’re willing to bet.
If your bet does not go your way, avoid the temptation to chase that loss by doubling down on another game afterward. Chasing losses is the best way to see your bankroll dwindle quickly. Go in with a gameplan, and execute. If it doesn’t go your way, better luck next time. You have to know your limits and bet smartly, otherwise, you’ll be out of money before long.
Not everyone is able to bet on sports for a living. In fact, the vast majority of those that place bets on sports do it for fun. That’s really the whole point of the entire endeavor. Betting in sports is supposed to be a way to make the games more fun to watch. If you’re not having a fun bet, it’s probably time to stop. Winning is obviously a way to make it fun, and taking the aforementioned advice should help you get off on the right foot when it comes to betting on sports for the first time. Good luck!