Getting Started On The Basics Of Sports Betting So You Can Start Winning Big

by | 15 Apr 2022

You’re ready to dive into the world of sports betting. Unfortunately, you’re not exactly sure where to start.

As a beginner, it can be overwhelming to sort through all of the information out there. But it doesn’t have to be.

With the right guidance and a bit of practice, you’ll learn how to bet on sports and start making some good money.

Here are some of the basics you’ll need to know before you start betting on sports:

Step 1: Pick A Sport You’d Like To Bet On

The first thing you need to do is identify a sport that you’re interested in betting on.

If there’s a team or player that you’re particularly passionate about, start there. If you’re not sure what sport to start with, here are some of the popular sports in sports betting: 

Football

Football is one of the most popular sports to bet on in the world because it has loads of betting opportunities. There are so many different leagues, teams, and players that you can bet on.

Related: Football Betting Tips: Five Key Factors To Keep In Mind When Betting For A Team

Some of the popular leagues in football include the English Premier League, the UEFA Champions League, and the Women’s World Cup. 

Basketball

Along with football, basketball is also one of the most popular sports in sports betting. There are also plenty of betting opportunities for individual players on the court and teams. Some popular basketball markets include point spreads, moneyline bets, and over/under bets. 

Basketball has a variety of different leagues to choose from, including the NBA, the NCAAB, and FIBA.

Horse Racing

Horse racing is one of the oldest sports in the world. It’s also one of the most popular sports to bet on in Australia, as it has a large fan base and plenty of betting options.

Some of the different kinds of horse races that you can bet on include thoroughbred races, harness races, and greyhound races. 

Step 2: Choosing Your Bookies

Once you’ve decided on what kind of sports betting you want to do, it’s time to find a bookie. You’ll want to look at different options and see which ones offer what kind of odds, payouts, or promos.

Here’s our list of the best bookies based on a survey we did with our community that ranked bookies according to specific criteria:

  • Sportsbet
  • TAB
  • Bet365
  • Ladbrokes
  • NEDS
  • Pointsbet
  • TopSport

You can also compare the different types of bets offered by each bookie so that you can make an educated decision about where you place your bets.

Step 3: Setting Up Your Bankroll

Before you even think about placing your first bet, you’ll need a bankroll. One of the biggest mistakes new bettors make is not setting up a proper bankroll for sports betting.

This is a crucial step because if you don’t set aside enough money, you’ll end up losing more than just your initial stake. The last thing you want to do is go all in on your first bet and end up losing all your money.

Your bankroll is the total amount of disposable income that can be lost without affecting your finances. A general rule of thumb for bankroll management in sports betting is to never bet more than 5% of your bankroll.

Once you set up your bankroll, make sure to stick to it. This will help you avoid getting into a position where you’re betting more than you can afford.

Step 4: Sign Up For Edge Alerter

Now that you’ve set up the essentials, it’s time to give yourself an edge over the other bettors and bookies. Signing up for Edge Alerter is your first step towards significantly winning more of your bets and improving your betting knowledge.

Edge Alerter is a proven algorithm-based tipping system that provides our members with real-time alerts whenever opportunities of greater than 30% profit on turnover are detected. Furthermore, the alerts come from pure calculations and are not subject to biases or personal opinions.

As a member, you gain access to valuable tips, resources, and tools to help you make better-informed bets. As such, your betting IQ and your bankroll grow together.

Give our free trial a go.  This way, you can test out for yourself how much Edge Alerter can help improve your betting results. Once you see for yourself how effective it is, we are confident that you will want to continue using it.

 

Article Tags: Sports Betting, Betting, Betting Strategy, Betting Odds, Sports

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