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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

Betting Risk

Sports Betting Tips that will Reduce Your Risk when betting

Written by on March 27, 2024

Like everything meaningful and worthwhile of fighting for in life, succeeding in sports betting comes with its fair share of risks. And yes, not even the best of pundits and bettors are immune to risk; it happens to us all. But you don’t have to feel totally powerless to risk, with the right strategies–such as the ones highlighted below–you can … click title for full article.
Basketball Betting

Risk Factors that Every Sports Betting Fan Should Keep in Mind

Written by on March 26, 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 sports betting—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 … click title for full article.
Live Betting

Optimal Strategy for Live Betting Odds to Win

Written by on March 26, 2024

From obvious lines like next player to score or next team to score to obscure ones like first player to foul out, in-play betting has opened a whole new world of sports betting for punters to enjoy. Gone are the days when you had to be locked out from betting on a 6:00 PM game just because you placed your … 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.
using-sports-stats-for-betting

Using Stats in Sports Betting

Written by on March 24, 2024

Okay, don’t freak out if you aren’t some sort of statistics or mathematics geek that is good at crunching down complicated numbers. The stats we are talking about here are basic calculations. No doubt, factors like player efficiency, game trends and issues like suspensions/injuries have an effect on game outcomes. But the other truth is that the effectiveness of any … click title for full article.
Prop Betting

Understanding and Wagering on Prop Bets

Written by on March 23, 2024

If you have been in the industry of sports betting for a while, you must have come across the term prop bets. Below is a quick-hit look at prop betting, what it means and how you can use the relevant information in the industry to make good wagers on prop bets. What is Prop Betting? Prop bets, just like future … click title for full article.
live-betting-guide

The Advantages of Live Betting in Top Events

Written by on March 22, 2024

Thanks to the advent of the internet, the world of sports betting has taken off to a whole other stratosphere, especially for fans of online betting. One of the most interesting developments in the internet age is the introduction of live betting, also known as in-play or in-running betting. The general principle behind live betting is that you can place … click title for full article.
Whats the Difference Between an Oddsmaker and a Bookie

What’s the Difference Between an Oddsmaker and a Bookie?

Written by on March 21, 2024

Bookies and Oddsmakers are two of the most important parties involved in the world of betting. And although their roles are interrelated, they are far from being the same. An Oddsmaker studies games, players and game conditions, and then sets the betting lines, including (but not limited to) money lines, point spreads and game totals. A Bookie, on the other … click title for full article.
What is Point Shaving

What is Point Shaving?

Written by on March 21, 2024

In sports betting, point shaving is defined as the act of purposefully fixing a match in order to prevent a favored team from covering the spread in a given game. Point shaving generally involves a sports gambler and a player or players from the favored team collaborating to prevent the covering of a published point spread. The gambler often bribes … click title for full article.
Beginner's Guide to Online Casino Games

Beginner’s Guide to Online Casino Games You Should Have

Written by on March 18, 2024

When was the last time you tried to gamble on an online casino game? Or better yet, have you ever wagered your money for online casino games? If you haven’t, then you are seriously missing out on some good stuff. Gambling in online casino games or on live casino is something that is enjoyed by billions of people across the … click title for full article.
Is Betting on Huge Underdogs a Good Strategy

Is Betting on Huge Underdogs a Good Strategy? Tips to Keep an Eye

Written by on March 18, 2024

-Favorite or underdog? That’s the dilemma online Sportsbettors have to go through anytime they want to place their wagers on a team or an athlete. And often times, favorites get to picked most of the time, either because they are very good or sometimes ‘coz the Oddsmakers deem them as strong thus making them look appealing. However, if you have … click title for full article.
Identifying When to Stay Away from Betting Favorites

Identifying When to Stay Away from Betting Favorites

Written by on March 18, 2024

Bookmakers, as many of you already know, are in the business of setting odds and making money, depending on how your wagers go. The more you lose, the more the gain… so although the majority of online sportsbetting lines give a clear depiction of the real betting situation on the ground, some lines—whether for favorites or underdogs—are inflated to ensure … click title for full article.
Quick Tips on How to Increase Your Sportsbetting Winning Percentage

Learn some Quick Tips on How to Increase Your Betting Winning Percentage

Written by on March 18, 2024

Are you tired of being on the losing side of online sports betting too many times than you get to be on the winning side? Do you want to hack your way into changing from an average bettor to one that is respected for his great winning percentage in sports betting? We hope you are because we come bearing gifts … click title for full article.
Handicapping Myths

Most Common Sportsbetting Handicapping Myths

Written by on March 17, 2024

Anyone looking to succeed in the billion-dollar money-minting world of sports betting will almost certainly have some set of rules to guide his/her way towards profitability in the sportsbetting lines. The problem, however, is that sports handicappers sometimes propagate myths regarding how to make profitable wagers, and oblivious bettors—who mistake the myths for helpful betting tips—bite and swallow the baits … click title for full article.
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