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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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Get up to Speed with the Sports Betting Articles

sports-betting-guide-cover-2015

Sports Betting Tips To Make the Most Out Of NFL Underdogs

Written by on June 29, 2015

Betting on underdogs in the NFL is very tempting, because of the potential for a big payout, if the team wins. Unfortunately, a lot of people don’t know how to bet on underdogs correctly, and consistently make money doing so, which is why we are taking a look at how to properly bet on NFL underdogs with this sports betting … click title for full article.
Seattle Seahawks

Picking NFL Road Favorites

Written by on June 29, 2015

When it comes to betting tips for NFL, a lot of people are wary about betting on road favorites for a variety of reasons. The biggest of those reasons is that they are playing in a hostile environment, and a lot of things can go wrong, resulting in a win for the home underdogs. This is actually a legitimate concern, … click title for full article.
sports-betting-guide-nfl-2015

Sports Betting Optimal Scenarios to Bet On NFL

Written by on June 29, 2015

There are so many ways for sports betting fans to bet on NFL games, the traditional point spread, money line, and total points scored, are the most popular methods used, but a lot of sports bettors make their money by using first half and half time lines. These two methods of betting can be very profitable when used correctly, which … click title for full article.
sports-betting-guide-cover-2015

Using Free Bets To Your Advantage

Written by on June 29, 2015

One of the best things about having so many sports betting sites to choose from is that a lot of them offer their customers free bets. These bets usually have a stipulation, but once it is met you are free to withdraw the money you made, which is why you need to take advantage of the opportunity. Before you can … click title for full article.
NFL Bye Week Betting

NFL Bye Week Betting Strategy

Written by on June 28, 2015

For some reason, many NFL betting fans don’t pay attention to the bye week, which in some way is kind of surprising since most teams use the extra time off to rest and prepare for their opponents. Prior to the 1990, all NFL teams played 16 consecutive games, in an attempt to reduce injuries, the league decided that all teams … click title for full article.
Poisson Distribution

The Dynamics of Poisson Distribution and Sports

Written by on June 23, 2015

Thanks to the ingenious works of French Mathematician Simeon Denis Poisson in the 19th century, sportsbetting enthusiasts can calculate the probability of sports betting wagers using the Poisson distribution betting strategy. The most common definition of Poisson distribution strategy is that: Poisson distribution is the probability of the number of events that occur in a given interval when the expected … click title for full article.
how-to-choose-a-sportsbook

Choosing An Online Sportsbook: Top 5 Things To Consider

Written by on June 22, 2015

With so many online sportsbooks available these days, picking the right one can be a hassle, but if you consider these five things, the search will be much easier. #1. Reputation With so many options online there are going to be a few scam artists trying to take advantage of the situation. Before you register with any online sportsbook, make … click title for full article.
tennis-betting-guide

Ways To Bet Tennis

Written by on June 22, 2015

Tennis is one of those rare one-on-one sports in a world dominated by team sports. Due to its popularity, a lot of people place wagers on the outcome of tennis matches, which makes the events even more fun to watch. If you are new to betting on tennis matches, there are plenty of ways to make some money on the … click title for full article.
nascar-betting-guide

Ways To NASCAR Betting

Written by on June 22, 2015

NASCAR racing is one of the most popular sports in the world, but unlike other mainstream sports like football, basketball and hockey, which use the same sportsbetting formula of point spreads and money lines, betting on NASCAR events is very different. If you would like to bet on NASCAR, but have never done so before, don’t worry. Here’s a useful … click title for full article.
golf-betting-types

Ways of Golf Betting

Written by on June 22, 2015

When it comes to sports betting, placing wagers on sports like football, basketball, hockey and baseball are pretty standard, so if you know how to bet on one of them, you won’t have any problems with betting on the others. Golf on the other hand, is a totally different thing. There are plenty of ways to bet on golf tournaments, … click title for full article.
nfl-betting-strategy

Bye Week NFL Betting Strategy

Written by on June 22, 2015

For some reason, a lot of recreational sportsbetting fans don’t pay attention to the NFL bye week. That is in some way surprising since most teams use the extra time off to rest and prepare for their opponents. Prior to 1990, all NFL teams played 16 consecutive games, in an attempt to reduce injuries, the league decided that all teams … click title for full article.
411-betting-strategy

Allen Eastman’s Famous “411 System”

Written by on June 22, 2015

Anyone who is familiar with sports betting has probably heard about the “411 System”. Tagged as one of the most profitable and accurate NFL betting systems out there, the “411” was created several years ago by professional handicapper Allen Eastman, who took into account various variables like the coaching, defense, weather, and quarterback play. Point values were added to these … click title for full article.
pitcher-vs-team-mlb-betting

Pitcher vs. Team Records: Crucial Tips to Note in MLB Betting

Written by on June 21, 2015

In MLB betting, there’s nothing players love more than days when the starting pitcher with a good win-loss record goes against one with a weaker record. This basic betting ideology is usually anchored on the fact that a pitcher with a record like 5-1 will either be favored or be a small underdog (and is likely to win) against one … click title for full article.
betting-strategy

The Importance of Discipline and Emotional Control in Sports

Written by on June 21, 2015

Like an important relationship, a favorite hobby or a job you adore to death (like my matchless love for sports writing), successful sportsbetting calls for a lot of emotional control and discipline. The premise of this argument is that both the human mind and heart can be easily influenced by outside factors like the things we see or hear, which … click title for full article.
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