Over the past few years, the emergence of daily fantasy sports has led to a renaissance for conventional sports betting. The anti-gambling stigma that existed for decades is fading in American popular culture, opening the door for a massive, multibillion-dollar legal sports betting industry to emerge.

With sports betting now legal in many states, millions of sports fans will be looking to enter the betting market for the first time. But where do you begin if you’re unfamiliar with the terminology?



Here’s an introduction into how to bet on sports. We’ll be adding to this series in the coming weeks.

How to Bet on Sports for Beginners: 12 Tips

Use the links below to jump to each section.

1. Favorites vs. Underdogs
2. Spreads
3. Moneylines
4. Over/Under
5. What Does -110 Mean?
6. How to Place a Bet
7. Where to Place a Bet
8. How Much to Bet
9. Rotation Numbers
10. Line Moves
11. Shopping for Lines
12. Know Your Strengths/Weaknesses

1. Favorites vs. Underdogs

When the oddsmakers release a betting line on a game, the first thing they do is decide which team should be the favorite and which should be the underdog.

The favorite is the team that is expected to win the game and will get a minus sign next to its odds, while the underdog is expected to lose and gets a plus sign. If the game is a toss-up, books will open it as a “pick” or “pick’em.”

Click to return to table of contents.

2. Spreads

There are two main ways to bet on a favorite or an underdog. The first is the point spread, which is a bet on the margin of victory. A favorite “gives” points, while an underdog “gets” points.

For example, say the Patriots are 7-point favorites (-7) against the Jets.

 

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