There is nothing on the planet more popular than sports. In each and every culture, sports makes up a major part of our identity. They possess the ability to unite us, to excite us, and then for some fans they even offer a chance at monetary gain.

Whenever we talk money we are talking, bear in mind, about sports betting. Wagering on sports is a time honored tradition in countries throughout the world. It can be as simple as betting a friend a beer that your particular team will beat his, or as complicated as you want to make it.

Within this article, we are going to outline some tips and information for those who are just starting to bet on sports. We cannot all be expert punters right away, so it's worthwhile to read up and build an excellent foundation prior to deciding to start betting on a regular basis.

Sports betting tip for novices

Before we get to anything else, let's talk about your bankroll. Too many beginning sports punters get over their heads with regards to the money they play with. Whenever you are just venturing out, be mindful of your budget. Don't ever bet more than you can afford to lose, either in a day or over the course of a season. It will take you at least a season to become knowledgeable about sports betting, and until then you will come out negative as far as the spending scale. So start out small!

Understanding the numbers

Sports books, or the businesses who make the odds, take your hard earned money, and pay out winning bets, use specific layouts when presenting betting information. All of the books keep these facts the exact same, in order that as soon as you learn to read the numbers in sports betting you may bet at any book.

For team sports, all bets are laid out based upon $100. If there is a negative sign in front of the amount, which is the amount of money you shall need to bet in order to win $100 if your team wins. For this reason, the line (the money amount) may read -170. This will mean that as a way to win $100, you will need to pay $170 (and of-course the team you bet on has to win).

If an amount has a positive sign in front of it, that indicates the amount of money you can win on a $100 bet. Betting on a team with a +110 beside it's going to mean that you're going to win $110 for every $100 that you bet.

What about favorites?

In the examples we used above, the favorite team is the one with the negative sign in front of it. A lot of people new to sports betting make one or two common mistakes in relation to favorites:

oBelieving that "favorite" indicates chances of winning: Having a team listed as a well liked will not mean that they can be the greater team, necessarily. All it says is that more people are betting on that team than the other team, called the underdog.

oPicking your favorite: Just about all new sports bettors make the mistake of betting with their hearts as opposed to their heads. If you love a team, it's best to never bet on games involving that team.

In sports betting, it shall always cost additional money to bet on the favorite. This really is because the sports books want to balance the action, or get people to bet on both sides. That way, they stand to make more money.

Two final rules

To close up this article, let's take a look-at two important rules if you want to have a good online soccer gambling experience in your first year of sports betting.

For starters, only bet on sports you really know well. Should you not understand the rules or know the teams and players, you don't have much of a shot at winning.

Second, for your first year from the beginning, try and stay away from betting on the spread. It may be hard, because point spreads seem like simple wagers. Conversely, making the straight up bet on a team to win that money lines offer gives an unskilled bettor an increased shot of winning; it is a safer way to get your sports betting education!