How to Bet on Sports

This is a picture where it shows a lot of screens with lot of sports on it to bet

If you are new to sports betting, then you might have a lot of questions about how you should bet for the first time and how the world of gambling works. Don’t worry, we have you covered. Here are our tips on how to bet on sports, how to make the right decisions, and which are the best online sports betting sites available at the moment.

Find the right gambling company

When betting for the first time, you always want to make sure that you choose the right place to place your bet. To understand what the best places are, you will have to do some research to find trustworthy betting sites. The sites should always have secure payment methods, you should be able to contact them for any question that you may have, and there needs to be enough data that clearly shows that the company is trustworthy.

To make it easy for you, we have a list of the best online sportsbook sites where you can bet with security and quality, so you can have the best possible experience.  

Decide how much to bet

One of the most commonly asked questions in the gambling industry is the amount of money that you should put in when betting for the first time. First, there are some things that you should know when entering the world of gambling. 

First of all, you should always start slowly. We know that making a bet is very exciting, especially when you are 100% sure that you are going to win. It’s very important that instead of diving in without thinking, you should always put a minimum amount of money. In case you lose, you can save some money to place another bet.

Second, it’s very important to learn the basics so you can create smart strategies and develop your own plan for how you should place a bet. In the end, the decision is always going to be yours. The only thing that we can tell is to put the least amount of money possible at the beginning until you start to understand and get familiar with the processes of gambling.

A lot of online operators give you the option to set daily, weekly, or monthly limits on how much you can bet or deposit. We strongly suggest that you make use of those features when you are first starting out. 

A screenshot of how to set a deposit limit in your online sportsbook account
Adding a deposit limit to your sportsbook account

Start betting on sports you are familiar with

Making the right prediction on gambling is never easy, especially when you are new to the game. There are a lot of things that you need to understand to place a bet, especially depending on the sport and how many markets are available for that particular event. You should always start betting on the sports that you understand so that you can also understand what you are betting on.

When betting on a sport that you know you will always have a higher chance of making a good decision since you already understand the basics of the game. You can analyze the way the game may play out and have a better idea of what looks like a good bet. 

Picture of a man paying attention to the screen in front of him

Keep in mind that is always better to bet on something that you know a little about rather than something you know nothing about.

Keep track of your bets

One of the best ways to make improvements on your bets and create new strategies to increase your gains is to keep track of your bets.

To evolve and make better betting decisions, you must keep track of your bets. By doing that, not only you will have a better understanding of the things that you are betting on but you will also improve your strategies without losing much money when doing it. If you have more luck betting on moneyline bets rather than spread bets, then you should consider sticking to moneyline bets and reducing your liability on point spreads.  

Also, keep in mind that most operators also give you access to all your account transactions so you can easily get a report on everything you have bet on since you opened your account. Always make use of all the reporting functions that online sportsbooks and casinos provide, as they are the best way to get insights.

Never bet more than you have

When gambling, there is always a chance that you may lose more than you win. It is very easy to get frustrated when the results are not the ones you expected. This leads to frustration and this often results in wanting to bet even more to win what has been lost. This is called chasing losses, and it is very important not to fall into this trap. 

Picture of a man looking nervous because of the bet that he made

Always bet using your head instead of playing with emotions. That’s why it is always good to have a bankroll management plan, set limits, and implement an alternate strategy when things do not go your way.

Remember that the main goal when betting should be to have fun. If you find yourself getting stressed out and impatient, or making excuses to yourself to place more bets then it may be time to take a step back and cool down for a while. If you are not having fun, then you should not be placing bets.

For more information about betting and what to do if you think you have a problem, you can check out our Responsible Gaming page.

About the Author

João Pedro Freitas

João Pedro Freitas has been working in online gambling since 2022, being the most recent addition to the team. He loves to write sports articles and likes to analyse all kinds of sports, especially soccer and UFC. João focuses on writing content and creating strategies to ensure that the team is up to date on all Canadian and American sports.