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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

Dealing With Sports Betting Losing Streaks

Dealing With Sports Betting Losing Streaks

Written by on June 14, 2024

When a professional sports team goes on a long losing streak, it can ruin their season — especially in football where the seasons are so short. You simply can’t afford to lose several games in a row and hope to make the NFL playoffs or the College Football Playoff. But a losing streak with your sports bets don’t have to … click title for full article.
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Explore 5 Tips To Increase Your Sportsbetting Bankroll

Written by on June 14, 2024

When it comes to sportsbetting, your bankroll is the amount of money you have set aside to bet with, and it has to be managed smartly, if you intend to turn a profit from your bets. There are a few rules that if you follow them correctly, they will always keep you in the black. One of the biggest reasons … click title for full article.
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Sports Betting Guide: Spread vs Money Line

Written by on June 14, 2024

If you are new to sports betting, there are a few things you should know before you place your first bet, the most important of which is the difference between spread betting and money line betting, which are the two most popular types of bets that are placed on sporting events. Here is a quick breakdown of both types of … click title for full article.
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Playing Difference of Point Spread vs. Moneyline Sportsbetting

Written by on June 13, 2024

There are countless types of bets in the world of Sportsbetting, but the ones that are commonly used include spread bets, spread bets, parlays, total bets and futures. In this article, our focus will be on the difference and advantages of point spread vs. Moneyline betting, and then we will deal with the remaining different types of bets later. Point … click title for full article.
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Should You Bet On Your Own Team?

Written by on June 13, 2024

Objectivity, they say, is an extremely pivotal element to consider when taking part in sports betting, and when you are invested in a team emotionally, then your objectivity becomes skewed thus increasing the propensity to make wrong betting decisions. Does this argument really hold water, or is it simply a notion derived from the usual code of conduct for players … click title for full article.
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Sports Betting: Tight vs Loose Wagering Styles

Written by on June 13, 2024

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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Gain an Understanding of How to Buy Points in Sports Betting?

Written by on June 13, 2024

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.
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Everything You Need to Know About Handicap Soccer Betting

Written by on June 12, 2024

Gianni Infantino, FIFA, UEFA Champions League… Do any of these names ring any bells for you? If they do, then you certainly want to read the explanation about Handicap Soccer that we have prepared for you below: Handicap Soccer Betting Explained Like most sports, different soccer teams across the world have varying degrees of talent, financial strengths, home vs. away … click title for full article.
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When to Bet on Heavy Underdogs?

Written by on June 11, 2024

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.
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Analyzing the Contrarian Betting Strategy: What is it and How to Use it for Sports Betting

Written by on June 10, 2024

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 Boston Celtics in the NBA Finals, is an indicator of how the general betting public feels … click title for full article.
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Perfect Sports Betting Situations To Use Teasers

Written by on June 10, 2024

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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Learn How To Bet Parlays: Dos and Don’ts

Written by on June 9, 2024

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, that’s why exist the Dos and … click title for full article.
Sports Betting Tips

3 Things You Should Never Ignore When Betting Online on Sportsbooks

Written by on June 7, 2024

Whether you’re a brand-new novice to online sports betting or a tried and true veteran that has seen it all, there’s one thing all online sports bettors should know. If you want to be successful no matter what sport you’re betting on, then there are a handful of tips that you should never ignore. Betting Online on Sportsbooks: 3 Things … click title for full article.
How to Bet Home Teams In Championship Final Series

How to Bet Home Teams In Championship Final Series

Written by on June 7, 2024

If you bet NBA basketball online this weekend, and you rolled with my Game 2 NBA Finals pick, ten, you’re undoubtedly one happy camper. If not, then don’t worry…the expert NBA basketball betting analysis that you’re about to get you’ll have a much better chance of cashing in on every remaining game in the 2016 NBA Finals, not to mention, … click title for full article.
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