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 betting tutorial hub. We’ll explain 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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Written by David Strauss on May 19, 2016
Millions of people bet yearly on the Super Bowl, the March Madness, the Triple Crown or the UEFA Champions League, given that these are amongst the most popular sporting events in the world. But how many of you have ever applied the idea of using gambling as an investment vehicle for generating sustainable monthly incomes? In case you are asking … click title for full article.Written by David Strauss on May 17, 2016
The 162-game MLB season is easily the longest stretch of games among the Major Sports in the world, and with many back-to-back games without a day off, we tend to have a lot of interchangeable winning and losing streaks in the sportsbook odds. As you’d expect, the betting public often sides with favorites, getting a surmountable amount of profits in … click title for full article.Written by David Strauss on May 17, 2016
In any given betting event, there is usually some risk involved with wagering on future events, not only because of general variance from one event to another, but also due to the shifty nature of handicapping essentials such as weather patterns, team form, suspensions and injuries. The Monte Carlo betting technique is one of the major online betting methods that … click title for full article.Written by David Strauss on May 16, 2016
Margin betting, also referred to as winning margin betting, is a form of wagering that entails predicting the number of points/goals a team/player will win with in a given game. To win the wager, the bettor has to select the correct margin of a win. The margin here can be a specific number (like two goals) or a broad range … click title for full article.Written by David Strauss on May 16, 2016
Betting on sports comes with a variety of risks and dynamics that can be extremely hard to decipher without the right knowledge. For starters, we have an extensive variety of ways to wager on different sports. And then, the sheer size of betting market, which includes amateur and professional leagues from across the world, calls for a lot of knowledge … click title for full article.Written by David Strauss on May 16, 2016
No matter the sport, every team or player faces downtime, which usually has some effect on the sports betting lines. Despite this underlining fact, downtime affects different sports in different ways, making it of enormous importance to learn how to deal with downtimes in different sporting leagues, especially in regards to what you should do and the mistakes one should … click title for full article.Written by David Strauss on May 16, 2016
As of the time of this writing, most of the top European soccer leagues, including the English Premier League and the Spanish La Liga, have been concluded. But the football calendar never runs dry; several domestic leagues and international leagues are still on-going, with many others expected to begin soon, like the highly-anticipated Euro 2016 set to kick off in … click title for full article.Written by Jordan Walters on May 13, 2016
The Labouchere betting system, also known as the cancellation system or split martingale system, is a progressive online sports betting strategy that entails staking on given events until a targeted winning amount is reached. Traditionally, the Labouchere staking method was used by Roulette players, but over the recent times, we’ve seen its application in a wide variety of gambling endeavors, … click title for full article.Written by David Strauss on May 12, 2016
The thing about sports betting systems, whether simple or complicated, is that some of them work and some of them don’t. The easy part about the betting systems is that most of them come with straightforward rules and regulations, making it easy for bettors to implement them rather effortlessly. The hardest part, though, is learning about each one of them … click title for full article.Written by David Strauss on May 12, 2016
What if we told you that, instead of paying for the standard juice offered by most sportsbooks at 10 percent vig (equivalent to the betting value of -110), you can get a subsidized vig, vigorish or juice on each bet? That’s the exact benefit that comes with concept of reduced juice betting. Thanks to the evolution of online sportsbook betting … click title for full article.Written by David Strauss on May 10, 2016
Sports betting can be as simple and complicated as you want it to be, depending on the process in which you choose to select or optimize your bets. The good news is that you actually don’t need much knowledge to optimize your sports picks and bets, which makes it rather easy to have a lot of fun and make profits … click title for full article.Written by David Strauss on May 10, 2016
Despite its extensive popularity in NFL betting, arbitrage remains to be one of the most divisive sports betting techniques among gamblers. Simply put, NFL arbitrage betting is a wagering technique that focuses on finding value in the difference in the price (odds) in the NFL betting boards, hence offering the punters minimum risk and the potential to make long-term and … click title for full article.Written by David Strauss on May 10, 2016
In the past we have discussed a number of NFL betting strategies and theories that can be used by bettors to profit from the NFL odds and lines. With hundreds of betting system in existence, it is impossible to list all of them here, so this article will focus on highlighting the most popular NFL betting strategies, theories and systems. … click title for full article.