Sports Betting FAQs

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Paige | January 5, 2023 | Updated on: January 8th, 2024


American Sports Betting FAQsIf you’ve got a burning question about sports gambling, then this guide is for you. Our experts have put together a page with every type of sports betting FAQs to help gamblers. Our aim is to answer anything you could possibly have about this form of gambling. From the legality of the pastime, to actually placing a wager, we’ve covered everything. Well, everything we could think of that we wish we knew at the start.

Also, we’ll be updating this guide so that it’s always helpful to gamblers. After all, we all started at the beginning and we know how frustrating it is when you’re not entirely comfortable. Moreover, we’ll add a couple more resources to help you get to grips with any sports and how to bet.

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Important Sports Betting FAQs

Is online sports betting legal?

Yes, but only on a federal level. Your state will need to have laws and regulations before it’s completely legal. There are a few states in the process of legalizing sports betting but you’ll have to check before trying to bet.

Is it possible to make money?

Yes, if you use real money. However, it’s not as easy as it seems. You need to do a lot of research to ensure you understand the sport and the bets you’re placing on it. Another important tip is to remember that betting is based on an element of luck and chance, so you won’t win every time.

How can I get started betting on sports?

If you’re new to sports gambling, our experts suggest starting small. Make small wagers and ensure that your research matches your bets. For more tips, check out our beginners guide. To find trusted sportsbooks, check out our recommended sites.

How can I improve my sports betting skills?

We recommend trying different bets, but limiting your wagers to a few dollars at a time. While this is where we’d start, there are plenty of other strategies to try. Still, keeping your bets small will minimize your losses enough to keep trying.

What’s the best sport to wager on?

Generally, we like to recommend a sport you’re comfortable with and understand. That way, you’ll be able to make more informed bets and keep track of the season easily.

How can I improve my sports betting skills?

How much money should I bet?

In short, there’s no definite answer, because everyone has a different budget. What we can recommend is setting a bankroll and only using 5-10% of it per bet. If you have a bigger budget, your bets will naturally be a bit large. However, we have to stress that bettors should only gamble what they can afford.

What types of bets can I place?

Depending on the sport, you’ll be able to bet on the scores, totals, and winners. Furthermore, there will be specific bets for sports like hockey or football that include unique aspects. Your chosen sportsbook will likely list these together to make things easier.

How do I compare betting odds?

We recommend visiting multiple sportsbooks and comparing the odds for the same bet on the same sport. Online betting sites usually work out their odds individually, so the prices and lines will be similar, but not exactly the same.

Should I ever pay for sports betting tips?

Absolutely not, because the tips could have been procured illegally or involve insider information. On the other hand, they could be a scam. Additionally, most legal tipsters use information that you could find on your own.

Do I need to be a sports expert to place a wager?

No, but it helps to be prepared enough to make informed decisions. Knowing a bit more about the sport will also help you spot a bad bet and walk away. Luckily, it’s a lot easier to learn about sports than casinos, so it won’t take too long.

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