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Sports Betting Explained – Sportsbook Guide

Sports Betting Explained: Vegas Sportsbook Odds Explained

The experienced MyBookie team is willing to offer you a way to better understanding and explaining sports betting. Our exclusive betting guide covers every topic related to betting, From straight wagers and money lines, to future bets and teasers; we have anything you need to have a successful and profitable NFL Football Betting season.

How Does Sports Betting Work

You’ve seen the odds and numbers online and on television but need it all explained because you don’t quite understand what they mean and which team is the favorite. You have heard terms like “consensus betting”, contrarian bets”, fade”, and “ATS records” but aren’t quite sure how they can help you win your bet.

This is your sports guide explained and tutorial hub. We’ll explain glossary, sports betting basics on how to read a point spread or how a teaser works, while introducing you to more advanced betting tactics that you can apply to your own betting strategy and handicapping.

Take a look around, learn money management practices that will help preserve your bankroll, learn when the moneyline is a better deal than the point spread and why complicated betting formats can pay off big but come with a risk.

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MyBookie Betting Guide

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Get up to Speed with the Sports Betting Articles

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Winning Percentage vs Units Won

Written by on June 21, 2024

A lot of sports betting fans don’t really know the difference between winning percentage and units won when it comes to betting, which is quite surprising. If asked, most people will tell you that they would rather get their betting information and tips from a handicapper who is picking winners at a high percentage, than someone who has won a … click title for full article.
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Crucial Tips to Note in MLB Betting: Worst Pitchers Betting System to Indentify

Written by on June 21, 2024

If you are reading this, then it means that you probably know a thing or two about baseball betting, or you are an expert at matters baseball, but you are still interested on learning about the worst pitching betting system. Whichever group you belong to, it doesn’t really matter because the unique betting system we will be talking about here … click title for full article.
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Sports Betting 101: Most Popular NFL Props

Written by on June 20, 2024

When it comes to sports betting on the NFL, prop bets are some of the most popular bets that people make, because it allows them to place wagers that they feel will provide bigger payouts, and they also believe props give them a better chance of winning their bets. There are plenty of prop bets that are offered prior to … click title for full article.
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Wat is Statistical Handicapping?

Written by on June 20, 2024

One of the most popular methods of sports betting on sports is with the use of statistics to help predict the future outcomes of games. This has been a very popular method, especially with number crunchers, because it allows them to use a team’s statistics from previous games, up to that point, to predict the outcome of a game, without … click title for full article.
Handicapping Starting Pitchers for MLB Bets

Handicapping Starting Pitchers for MLB Bets for all Season

Written by on June 16, 2024

The key to winning a bet regardless of sport is finding an advantage that you can pounce on. Obviously an online sportsbook knows this, however, and adjust their betting lines accordingly. I’m here to tell you that probably the biggest team advantage in the four major American sports is wagering on a superior starting pitcher in any baseball game. Taking … click title for full article.
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Advantages and Disadvantages of Sports Betting Futures

Written by on June 15, 2024

In simple terms, a future bet is a wager placed on an event that will be happening in the near or distant future. Some of the most common future bets include teams that will win national titles (like the Super Bowl in NFL, World Series in MLB, and Stanley Cup in NHL), players who will win individual titles (like MVP … click title for full article.
How To Hedge A Sports Bet

How To Hedge A Sports Bet

Written by on June 14, 2024

Let’s say you just bought a house. You would want to protect your investment as much as possible, right? Of course you would. That’s what insurance is for; should something happen to your home, insurance keeps you from going potentially bankrupt. And that’s essentially what hedging a sports bet is. It’s a way to eliminate the risk or loss on … click title for full article.
Dealing With Sports Betting Losing Streaks

Dealing With Sports Betting Losing Streaks

Written by on June 14, 2024

When a professional sports team goes on a long losing streak, it can ruin their season — especially in football where the seasons are so short. You simply can’t afford to lose several games in a row and hope to make the NFL playoffs or the College Football Playoff. But a losing streak with your sports bets don’t have to … click title for full article.
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Explore 5 Tips To Increase Your Sportsbetting Bankroll

Written by on June 14, 2024

When it comes to sportsbetting, your bankroll is the amount of money you have set aside to bet with, and it has to be managed smartly, if you intend to turn a profit from your bets. There are a few rules that if you follow them correctly, they will always keep you in the black. One of the biggest reasons … click title for full article.
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Playing Difference of Point Spread vs. Moneyline Sportsbetting

Written by on June 13, 2024

There are countless types of bets in the world of Sportsbetting, but the ones that are commonly used include spread bets, spread bets, parlays, total bets and futures. In this article, our focus will be on the difference and advantages of point spread vs. Moneyline betting, and then we will deal with the remaining different types of bets later. Point … click title for full article.
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Should You Bet On Your Own Team?

Written by on June 13, 2024

Objectivity, they say, is an extremely pivotal element to consider when taking part in sports betting, and when you are invested in a team emotionally, then your objectivity becomes skewed thus increasing the propensity to make wrong betting decisions. Does this argument really hold water, or is it simply a notion derived from the usual code of conduct for players … click title for full article.
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Sports Betting: Tight vs Loose Wagering Styles

Written by on June 13, 2024

When it comes to placing wagers there are two styles most commonly used, the tight betting style and the loose betting style, both of which have advantages and disadvantages. The tight sports betting style is the more disciplined of the two, because people who bet this way are very calculating, and do not take too many risks. This is a … click title for full article.
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Gain an Understanding of How to Buy Points in Sports Betting?

Written by on June 13, 2024

If you have ever done sports betting online, you would have heard the term buying points. It simply means you can buy a half point if you feel it will increase your chances of winning a bet. The points that you buy can either decrease the amount of points that the team you picked has to win by, or it … click title for full article.
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