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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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Sports-Betting-Basics-Future-Betting-Football

Future Betting Explained

Written by on May 24, 2015

Future betting takes place on an event that is set to occur in the upcoming weeks or even months. As the date gets closer, oddsmakers alter the online sports betting lines on the basis of ongoing results for the teams. Future bets do not feature point spreads, as the most common scenario features a concrete result. The most frequently used … click title for full article.
Betting-Guide-Vendetta-Wagering

What is the Vendetta Betting System

Written by on May 23, 2015

The revenge or vendetta betting system is designed to leverage a team’s desire to gain revenge for a result in the prior game in order to improve their performance in their upcoming game. Different leagues produce different winning percentage spectrums. For example, the spectrum is fairly wide in such online sportsbetting as professional football. The best record for a team … click title for full article.
Online-Betting-Fibonacci-System

What is the Fibonacci Betting System

Written by on May 23, 2015

A Fibonacci online betting system relies on numbers in the Fibonacci sequence. If you don’t know what this is, it’s a series of numbers in which you add the prior two numbers to get the next one. So it starts 1, 1, 2, 3, 5, 8 and 13. It then starts to grow at a faster rate as the added … click title for full article.
Blackjack Guide

Online Betting Strategies: Learn Blackjack Basic Strategy

Written by on May 23, 2015

When you’re new to online betting and want to try other ways of making money, such as blackjack, it’s helpful to know some of the basic terminology and strategy with the game. If you walk into a casino to play, more often than not you’ll enter a game that has four, six or eight decks. The dealer shuffles the cards … click title for full article.
Point-Spreads-Football-Betting

How to Use Point Spreads in Football Betting?

Written by on May 23, 2015

Football betting fans use the point spread to win. Let us show you how to profit from it today. The point spread designed to provide more balance to a wager. If the Seattle Seahawks, the 2014 NFC champions (and almost Super Bowl champions), open against the Tampa Bay Buccaneers to start the 2015 season, and there isn’t a point spread, … click title for full article.
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Advantages of In Play Betting

Written by on May 23, 2015

In-play betting is one of the offerings you can find at almost any online sportsbook. This type of bet provides facilities for bettors to place wagers at several instances of a game or event and offers multiple chances to profit on one single match. Also known as Live Betting or peer-to-peer betting, this option quickly became a favorite for European … click title for full article.
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How to Bet on UFC: Money Line and Prop Betting

Written by on May 22, 2015

One of the most popular trends in betting has become UFC bouts. Because most gamblers who want to bet on UFC are motivated more by the novelty than by an actual knowledge of the ins and outs of this sport, though, they end up losing a lot of money. Understanding how the odds for UFC and MMA bouts work can … click title for full article.
Horse-Betting-Kentucky-Derby

Horseracing Betting Guide: Quinella

Written by on May 22, 2015

One of the most entertaining parts about going to the horse races is all of the different options when it comes to placing a bet. Sure, you can try and pick a horseracing betting winner, but that’s just where the fun starts. After all, if you can pick the first-place finisher, why not pick the runner-up as well? If you … click title for full article.
Online-BlackJack-Splitting-Cards-strategy

Splitting Card in Online Blackjack: When to Do It or Avoid It

Written by on May 22, 2015

Splitting cards in blackjack is just one way that you can make a hand do extra work for you. If you get two cards with the same number dealt to you, you can opt to split them into two separate hands. Then, the dealer will give you two more cards – one for each new hand that you have. Your … click title for full article.
Roulette-Online-Betting-Guide

Optimum Strategy for Winning Online Roulette

Written by on May 22, 2015

It’s easy to get tricked into believing that online roulette is a 50-50 game. After all, a lot of the bets seem to go that way. You can bet on red, or you can bet on black. You can bet on odd, or you can bet on even. There are higher-odds bets as well, such as choosing a single number, … click title for full article.
2015 Online-Betting-Golf

Bankroll Money Management

Written by on May 22, 2015

Managing your bankroll is the most important part of online betting. However, this is the area with which people struggle the most when it comes to monitoring their wagering. All it has to do with is managing your money that you want to bet with. However, only those who are serious about managing their bankroll properly can move from betting … click title for full article.
Online-Casino-Jackpot-2015

How to Use Slots and Video Poker Payouts

Written by on May 22, 2015

If you’re an old school gambler, then you became used to the sound of the slot machines turning and settling on their outcomes, the clicks and clacks running as the wheels turn. If the combination turned out to be a winner, then you heard the flood of coins heading into the tray at the bottom of the machine. You also … click title for full article.
nfl-betting-ideas-for-parties

NFL Betting Ideas That Will Make Any Party Interesting

Written by on May 22, 2015

Obviously, one of the most common wagers on NFL betting involves choosing which side will win. Unless the matchup is extremely close, there is a point spread involved in this bet. If you see a line such as this for a game (San Diego +8 at Chicago), then Chicago is favored to win the game by 8 points. If you … click title for full article.
what-is-a-superfecta-bet-horse-racing

What is a Horseracing Betting Superfecta?

Written by on May 21, 2015

A superfecta is a wager placed in pari-mutuel horseracing betting that has the player pick the first four finishers in a horse race in order. If the order turns out to be correct, then the payout is considerable, due to the unlikelihood of success. Within horse racing, most exotic bets like this carry a $1 minimum. However, because the superfecta … click title for full article.
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