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The internet has revolutionised the sports betting industry since it enables bettors to place bets easily and also get all the information they need to place the right bets. This is a far cry from the days one had to depend on gossip heard on the street. There are plenty of online casinos that offer a wide range of betting options on many sports. Interestingly, they tend to offer better bonuses and promotions than land based bookmakers because they operate with lower overheads. What’s even more interesting is that they are easily accessible, being open throughout the day and never more than a few mouse-clicks away!

You can bet on a wide range of sports using the internet. Most portals focus on specific sports on account of the interests of their target market. For instance, portals that attract Americans tend to focus on sports such as baseball, basketball and football whereas those that are meant for Britons generally feature soccer, cricket, tennis, as well as horse and greyhound racing. The odds offered vary from site to site which means that one has to choose the right one with a great deal of care.

Frequently Used Terms in Sports Betting

Arbitrage: Placing bets on the same sporting event using different sports books so as to profit from the difference in betting lines.

Bankroll: Total amount of money available for wagering.

Bookmaker (or bookie): A person who is in the business of accepts wagers on sports.

Chalk: A heavy favourite to win an event

Circled Game: A game in which a bookie has reduced its betting limits, for some reason that cannot be anticipated.

Futures: A bet on how a team or athlete will perform over the duration of a season.

Line: The odds offered on a sporting event.

Lock: A bet that supposedly cannot lose

Match-up Proposition: A wager that pits two subjects against each another

Nickel: $500

Parlay: A wager in which a minimum of two events should occur in order to win; if this does not happen then the bettor loses the bet.

Sports Book: The business that accepts wagers on athletic competitions.

Tips and Strategies to Win at Sports Betting

It’s fairly easy to win at sports betting as long as you do the right things.

  • Keep your bets reasonably small so that you do not exhaust your bankroll all in one go. You could choose to bet 1 or 2 percent of your bankroll in order to make it last a long time. 
  • Stick to straight bets over parlays because the former offer you the best chance of winning. Of course, you can place a parlay if you are pretty certain of the outcome and are getting fairly attractive odds. 
  • Do not continuously place bets on a particular outcome thinking that the law of averages has to come in its favour sooner or later. There is no such thing as a losing streak or even a winning streak.

Be sure to follow a systematic approach to sports betting instead of placing wagers at random. You will have a great time betting and will also win quite a bit of money.