How to Get Involved in Sports Betting

Four years ago, sports betting was illegal in most of the United States. Now, fans watching games can place wagers from the comfort of their homes or even on their phones. Legal sports betting has become a big part of the fan experience, and it’s also good for business. That’s why the NBA and MLB have backed down from their original stance against it, and even endorsed it in a New York Times op-ed.

As a novice sports bettor, you will want to consider the odds of each bet and your confidence level in the play. A good rule of thumb is to risk between 1% and 5% of your bankroll per bet. This will ensure you don’t deplete your entire bankroll with a single bad day of wagering.

Another factor to consider is the venue and how teams perform at home vs. away. This is something that oddsmakers take into account when creating the odds of a game. A team that is the favorite to win will often have a lower home win percentage than an underdog.

Finally, a fun way to get involved in sports betting is through futures bets. These bets are placed on events that will occur in the future and can pay out up to 100x your bet amount. They’re a great way to get some action in before the season begins and can be found at many licensed operators.