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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 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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Using Stats, Trends and Other Statistical Betting Tools in Sports Betting

Using Stats, Trends and Other Statistical Betting Tools

Written by on May 10, 2016

Over the last couple of decades, the use of innovative online sports betting software, statistical systems and betting trends have become an unavoidable requirement for bettors looking to make smarter bets. You don’t have to be to be a statistician or a mathematics guru to benefit from the sportsbetting tips detailed below; all you need is to have an open … click title for full article.
Sportsbetting Guide Hedge Betting Explained

Sportsbetting Guide: Hedge Betting Explained

Written by on May 9, 2016

Hedge betting is one of the most common practices in sports betting, with reasons for its usage varying from one person to another. The bottom line for hedged bets is, however, pretty straightforward–mitigating the damage of a poor wager or reducing/eliminating the risk of a given bet and securing winnings. Basically, hedging entails betting on both sides of an event, … click title for full article.
Gamblers Falacy

Gambler’s Fallacy Explained

Written by on May 9, 2016

The gambler’s fallacy, also known as the fallacy of the maturity of chances or the Monte Carlo fallacy, is an incorrect but popular belief that, if something happens less frequently than normal during a particular duration, it will most likely happen more frequently in the future, or that if something happens more frequently than normal during a given duration, it … click title for full article.
Betting Value

Principles of Value Betting

Written by on May 7, 2016

Value betting is a term that can be loosely used to refer to many things, but the most generally accepted definition is the ability of gambler to place bets that guarantee good value (winnings) over an extended period. Sustained value in betting calls for several factors and principles to come in play, but the most common denominator in all value … click title for full article.
Kelly Criterion Sports Betting Strategy

Kelly Criterion Sports Betting Strategy

Written by on May 3, 2016

When making crucial sports betting decisions, it is not just important to find the right sports events to bet on but to also have an appropriate strategy to divide or manage your financial portfolio. Without the right knowledge and strategy on how much to wager on a particular event, you could easily plunge yourself into a pit of losses. This … click title for full article.
Optimal Strategy to Bet Teams on a Winning Streak

Optimal Strategy To Bet Teams On A Winning Streak

Written by on April 24, 2016

Some teams, no matter the sport they play, tend to win games and do so consistently, creating some of the most incredible winning streaks in the history of sports betting. Is it a matter of talent, coaching, team spirit and mentality, or even luck? Or better yet, is there a formula that can be followed to have similar winning streaks? … click title for full article.
Getting To Know The MLB Betting Totals System

Getting To Know The MLB Betting Totals System

Written by on April 24, 2016

The key to any successful pro baseball betting total odds wager is to find lines that have value. In simple terms, value is the difference between the true chances of a team winning and the price that come with the MLB Baseball total odds. In this article, we will be taking a look at some of the MLB total systems … click title for full article.
Understanding The MLB Betting Underdog System

Understanding The MLB Betting Underdog System

Written by on April 24, 2016

For anyone with experience online betting on MLB odds, assuming a winning betting system is a lot easier said than done, given the vast number of games in Major League Baseball season and the headache-inducing shift between favorite and underdog roles in MLB betting boards. Understanding The MLB Betting Underdog System Shopping for Best underdogs The ultimate betting rule when … click title for full article.
Take Advantage of Early MLB Betting Season Uncertainty

Take Advantage of Early MLB Betting Season Uncertainty

Written by on April 24, 2016

As the only sport that allows you to bet through spring, summer and fall for nearly every day of the week, the possibilities of making big money from the MLB season are virtually listless. And the best part about Major League Baseball betting is that all you have to worry about in the MLB lines is picking winners in the money lines, as … click title for full article.
Understanding Favorites Wagering System

Understanding the Pro Baseball Favorites Betting System

Written by on April 23, 2016

It is no secret that sports gamblers love to plunk down their money on favorites. This is a natural betting tendency that is evidenced in seasoned and rookie baseball bettors alike. And in their defense, these gamblers can be forgiven for trusting too much on the favorites, considering the majority of the media and online sports betting pundits spend nearly … click title for full article.
NFL Preseason Week 1: Pittsburgh at NY Giants Odds, Preview & Pick

Best and Worst Value Super Bowl 51 Betting Picks

Written by on April 23, 2016

Technically speaking, the road to Super Bowl 51 is already underway, with teams trading players and coaches strategizing on how to improve their teams in readiness for the real battle in the 2016-17 regular-season NFL betting odds and the playoffs that will culminate with winning the Vince Lombardi Trophy. On paper, all the 32 teams in the NFL have a … click title for full article.
NBA Betting on the 33% System

NBA Betting on the 33% System

Written by on April 22, 2016

Ever heard of the 33% system of NBA betting in an online sportsbook? If you haven’t, then worry not because it’s a simple-to-understand and use betting strategy. The 33% is special type of martingale straight bet system that aims at improving your chances of making money in NBA betting by winning at least 2 games out of 6 (33 percent) to make a … click title for full article.
Optimal Strategy to bet Teams on a Losing Skid

Optimal Strategy To Bet Teams On A Losing Skid

Written by on April 22, 2016

For teams in the sports betting world, losing streaks are criticized and hated 99% of the time, with the remaining one percent being acceptable only when teams are all but done with competitive play in the season and are looking to improve their draft stocks for high-position picks that can improve their future squads. For sportsbetting enthusiasts, any streak—good or … click title for full article.
Top NHL Parlay Picks of the Week (Nov 14-20)

The NHL Stanley Cup Playoffs Betting 101

Written by on April 20, 2016

Unlike other sports that often have a linear performance where the hot teams in the regular season are the ones that are most likely to succeed most in the postseason sports betting odds, the NHL playoffs tends to unravel quite differently, with upsets and surprises reigning supreme in the Stanley Cup Playoff odds. Here are some top handicapping tactics and … click title for full article.
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