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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

Teaser Betting Strategy & Understanding Teaser Odds

Teaser Betting Strategy & Understanding Teaser Odds

Written by on March 31, 2024

A teaser bet is one of the most popular forms of sports wagering for most gamblers across the world. In case you are not familiar with it, worry not as we’ll be explaining this easy-to-understand and highly-profitable sports betting strategy in this article. Teaser Betting Strategy & Understanding Teaser Odds What is a Teaser Bet? Simply explained, a teaser bet … click title for full article.
Types of Sports Bettors Find Out Who You Are

Types of Sports Bettors

Written by on March 29, 2024

From recreational bettors to sharps, the world of sports betting comes with all kinds of bettors who place wagers on a myriad of sporting events across the world, including the NFL Super Bowl, the MLB World Series, the NCAAB March Madness and the Soccer FIFA World Cup. Here’s a sweeping look at some of the common types of sports bettors, … click title for full article.
proportional betting

What is Proportional Betting?

Written by on March 29, 2024

Luck, research, inspiration and any other number of related factors can greatly help accentuate success and profitability in sports betting, but in the absence of a intelligible betting strategy, even the luckiest or best of players will eventually go broke from suffering unrecoverable losses. If you want to make a successful and sustainable run in the world of sports betting, … click title for full article.
MAR 29 - What Is Implied Probability In Online Betting

What Is Implied Probability In Online Betting?

Written by on March 29, 2024

The first thing you need to know about implied probability is that you don’t have to be a math whiz to figure it out, no matter how daunting the words may sound. You see, the concept, which can be used in numerous genres from stocks and bonds to sports betting, is simply a conversion of traditional odds into a percentage … click title for full article.
MAR 29 - All About Sweetheart Teasers The Good, Bad and Ugly

All About Sweetheart Teasers The Good, Bad and Ugly

Written by on March 29, 2024

While there’s nothing more that I like to do than make a value-packed teaser wager, you need to know that sweetheart teasers, which are also called monster teasers at many sportsbooks are not nearly as easy to cash in on and are basically designed to entice the hell out of you and far more often than not, pull your online … click title for full article.
MAR 29 - Introduction To Bankroll-Boosting Pleaser Bets

Introduction To Bankroll-Boosting Pleaser Bets

Written by on March 29, 2024

If you like stringing wagers together as part of a potentially bankroll-boosting parlay or teaser wager, then you should know that there is another way for you to cash in big by putting multiple bets together. You see, pleaser bets are another way for you to cash in big by betting on two or more teams, although you should know … click title for full article.
MAR 29 - Keys To Disciplined And Profitable Betting

Keys To Disciplined And Profitable Betting

Written by on March 29, 2024

If you want to be a profitable sports bettor (who doesn’t?) then you should know that there are several methods that can help you become more disciplined in your quests to cash in consistently. Now, let’s get started with my best discipline-building online betting tips.   In Depth Analysis On The Keys To Disciplined And Profitable Betting   Patience In … click title for full article.
Methods to Improve your Betting Income

Methods to Improve your Betting Income

Written by on March 28, 2024

Are you tired of being part of the increasingly growing statistics of bettors that can’t get a break from losing in the sportsbetting? Confession… A good number of us have been there. Good news, though, is that you can break away from that betting slump if you invest your time into knowing the right ways to improve your betting income. … click title for full article.
Expert Tips for Betting on the First Weeks of NFL

Expert Tips for Betting on the First Weeks of NFL

Written by on March 28, 2024

Do you bet on NFL preseason games? I hope you don’t because nobody does that anymore, unless you are looking for an easy option to waste away your bankroll. The first weeks of the NFL, on the other hand, offer genuine worth-venturing-on NFL betting opportunities. Yes, some teams are usually still in preseason mode in the first weeks of the … click title for full article.
Wagering on Moneyline or Straight Up Bets

Wagering on Moneyline or Straight Up Bets

Written by on March 28, 2024

There are several types of bets that can be made by sports gamblers, but none of those is as common and popular as the Moneyline or Straight up wager. You will find Moneyline odds for every sport and every game you can virtually think of, making it the most primary type of bet you need to know about when you … click title for full article.
Is it Worth Betting on the NFL Preseason

Is it Worth Betting on the NFL Preseason?

Written by on March 28, 2024

Admittedly, I never pay much attention to the NFL preseason because nearly everything about it and the related NFL betting odds are often skewed up. Rookies are overhyped, free agents are overrated and preseason trainings are exaggerated. And as far as on-field rosters are concerned, you never know who will be playing and how long they will be on the … click title for full article.
Identifying Profitable Prop Bets

Identifying Profitable Prop Bets

Written by on March 28, 2024

For professional bettors or those looking to make some extra from the traditional forms of sportsbetting, prop bets can be a lucrative option to look into. If you’ve been in the sportsbetting industry for a while now, then you are probably well vast with the intricacies of prop betting. But if you haven’t, don’t worry: we’ll explain all the basics … click title for full article.
Profits vs Loss

Most Common Risk Factors in Sports Betting

Written by on March 27, 2024

Do you love the adrenaline and profits that come with wagering in the betting lines and coming out with big profits? So do we! Fortunately or unfortunately, betting—especially sportsbetting—comes with several risk factors that need to mastered if we are to avoid sinking into the oblivion of bad irreparable losses and lifelong debts that have, for so long, been the … click title for full article.
Soccer Betting

Explaining Soccer Betting Win, Lose and Tie for the Best Leagues and Tournaments

Written by on March 26, 2024

Soccer, commonly known as football outside the USA, is easily the most popular sport in the world and betting on it will always be a priority for Sportsbooks and soccer betting enthusiasts, both locally and internationally. And the best part about it is that you don’t need to be a guru in sports betting to place your wagers on soccer … click title for full article.
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