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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-Cover-2015

Sports Betting: Tight vs Loose Wagering Styles

Written by on June 13, 2015

When it comes to placing wagers there are two styles most commonly used, the tight betting style and the loose betting style, both of which have advantages and disadvantages. The tight sports betting style is the more disciplined of the two, because people who bet this way are very calculating, and do not take too many risks. This is a … click title for full article.
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How to buy Points in Sports Betting?

Written by on June 13, 2015

If you have ever done sports betting online, you would have heard the term buying points. It simply means you can buy a half point if you feel it will increase your chances of winning a bet. The points that you buy can either decrease the amount of points that the team you picked has to win by, or it … click title for full article.
soccer-betting-guide-cover-2015

Everything You Need to Know About Handicap Soccer Betting

Written by on June 12, 2015

Sepp Blatter, Michel Platini, FIFA, UEFA Champions League, Cristiano Ronaldo, Lionel Messi… Do any of these names ring any bells for you? If they do, then you certainly want to read the explanation about soccer betting handicap betting that we have prepared for you below: Handicap Soccer Betting Explained Like most sports, different soccer teams across the world have varying … click title for full article.
Jets Disappointment

When is it Best to Bet on Heavy Underdogs?

Written by on June 11, 2015

The higher the risk, the bigger the payout! Since time immemorial, that has been the guiding psychology for many high-achievers in nearly all the important spectrums of life. It therefore unsurprisingly serves to reason that some of the biggest winners in the history of Sportsbetting are people who’ve risked greatly by betting on the heaviest of underdogs. But is it … click title for full article.
betting-strategy

Bet Against the Public / Fading the Public

Written by on June 10, 2015

Betting against the public, also known as fading the public, is one of most popular and simplest Sportsbetting strategies used by modern day bettors, especially in American Football (NCAAF and NFL) and MLB games. The grand idea behind this strategy is that the public is often wronger than right, so betting against the side that the public is supporting should … click title for full article.
contrarian-betting-strategy

Contrarian Betting Strategy: What is it and How to Use it

Written by on June 10, 2015

Often in the world Sportsbetting, we encounter circumstances where there is an overwhelming hype about particular teams or players, which make the casual bettors to overreact and wager on such teams. A good number of times, the hype of a team, let’s say the Golden State Warriors in the NBA Finals, is an indicator of how the general betting public … click title for full article.
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Perfect Sports Betting Situations To Use Teasers

Written by on June 10, 2015

For people that aren’t very familiar with sports betting terms, a teaser is simply a modified parlay, and follows the same principles of a parlay bet. The only difference is that with a teaser, you get to buy a certain amount of points, which allow you to modify the point spreads, or the total points on the over/under bets. Interestingly, … click title for full article.
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How To Bet Parlays: Do’s and Don’ts

Written by on June 9, 2015

Of all the ways you can bet on sports, parlays are considered the “Sucker Bet,” because it is a way to bet on multiple teams at the same time, with the promise of a very big payout, but all the teams you pick must finish as you predicted, or else you lose the bet. For that very reason, it is … click title for full article.
sportsbetting-money-tree-2015

Gambling Whose Time Has Come Written

Written by on June 1, 2015

When it comes to Las Vegas, virtually anything can have odds, and therefore you can profit from it. That’s been true almost since the beginning, but with the legalization of gaming in so many states, not to mention the phenomenal growth of the Internet, and all of the gambling opportunities available with it, betting on sports has done nothing but … click title for full article.
Sportsbetting Guide

Strategy & Tips for Successful Sportsbetting

Written by on May 26, 2015

If you’ve found some early success with online sportsbetting, even if you’ve gotten to the point where you have made some websites close your accounts, it’s easy to run from a good rut into an awful one. Those bets that were golden, those runs that never seemed like they wouldn’t end, eventually turn south. Underdogs start winning right and left, … click title for full article.
Auto-Racing-Betting

All You Need to Know to Bet on NASCAR

Written by on May 25, 2015

Some people might be a bit intimidated when it comes to auto racing betting, because of the difficulty of picking one winner out of a whole host of racers. However, there are different ways to bet on NASCAR action, and while it might be fun to pick your favorite driver to win, you don’t have to put all your money … click title for full article.
Soccer Betting 101: Win, Lose or Draw

Soccer Betting 101: Win, Lose or Draw

Written by on May 25, 2015

If you want to end up ahead of the books when it comes to soccer betting, it’s important to understand how soccer bets work. Once you know how to bet on soccer matches, you’ll start making some money, but it takes some research and instinct as well. First, take a look at the overall team form. Just because a team … click title for full article.
In Running Betting

Specifics of Live Betting: How Live Lines Work

Written by on May 25, 2015

Sports betting is a tradition that dates back hundreds of years. However, the advent of the Internet has allowed for an even more immediate form of placing wagers – the live betting line. In the old days, you could put a bet down on your team winning or losing, or even any number of creative proposition bets connected to the … click title for full article.
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How to Bet on Golf

Written by on May 24, 2015

When it comes to choosing players at a golf tournament, there several different ways to narrow down the field. Understanding the historical sports betting trends of a particular tournament is the best way to begin. Consider the Masters field in 2015. There were 98 entrants in the tournament, but there were several features of the course that made picking a … click title for full article.
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