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Sports Betting 101
Sports Betting For Beginners FAQ
Here are some of the most common questions about sports betting to help get you started!
Sports betting is the act of wagering or betting money on the outcome of a specific result on a sporting event.
A lot of sports betting now takes place online. There are many different sports betting sites to choose from. Finding a legal and safe betting site is now more important than ever.
Find out more about how to bet on sports safely and legally
Sports betting can seem like a different language if you're new to the game. That's why we've created a full list of key Sports Betting Terms so you can crack the code and start your journey knowing exactly what's what.
Reading sports odds can be tricky at first. We have a full guide below that details the different types of odds available and how they work!
Find out how to read sports odds today!
The term "betting lines" is another way you can talk about odds. Just like with odds, there are a number of different ways they can be displayed.
A moneyline is one of the most common forms of sports bet you make. With a moneyline bet you usually bet on the outcome of a game - win, lose or sometimes even a draw.
A parlay bet is where you can combine single bets into one bet. But why would you want to do that?
Point spread betting is a type of betting that is used in many sports. Spread betting helps to level out the difference if one team is very good and one isn't.
Spread betting helps to make a game more competitive and gives a great chance to place a wager.
You can find more info on spread betting here
Betting sites and online sportsbooks are now becoming one of the easiest and safest ways to bet on sports. Many Americans are now realizing the benefits to using betting sites to bet on sports.
In order to get access to betting sites you will need to sign up for an account. Most betting sites now have a quick, safe and easy way to sign up for a betting account.
Once you have a betting account on a betting site you can start to place bets.
We'll say it straight out. You should only ever bet with what you can afford. Never bet outside your means.
You can find bet slips on all betting sites. Bet slips or betting slips help you keep track of your bets.
Betting picks are suggested bets for a specific event or game. Some services will charge you for betting picks and while many are legitimate operators you should be careful.
At BetBlazers our betting picks are safe, legal and free!
BetBlazers Recommends → FanDuel Sportsbook
Feel like you're ready for the full sports betting experience? No time to waste? No worries! We've got you covered.
Just below is our recommended top pick among US sportsbooks! Read more below and sign up in a few easy steps!
- Legal in the following states: AZ, CO, CT, DC, IL, IN, IA, KS, LA, MD, MI, NH, NJ, NY, PA, OH, TN, VA, WV, WY
Sign up for FanDuel Sportsbook Now!
What is sports betting?
Sports betting as defined by the BetBlazers dictionary
Gambling, making a wager or placing a bet. These are all different ways of saying the same thing and that's betting!
Sports betting is the act of placing a bet for a fixed fee of money on the outcome of a sports event. This can be done for a number of sports. Whether it's football, basketball, baseball, hockey, soccer and many more!
...but can you find sports betting online?
That's an easy one. Yes you can!
There are a number of great betting sites and online sportsbook now offering odds for your favorite sports.
There are many different types of sports betting and many different kinds of sports you can bet on.
Safe and Legal Sports Betting
Online sports betting is currently legal in these US states
Online sports betting has never been bigger. With more and more states legalizing online betting, many Americans are coming to realize the massive advantage that sports betting online presents.
You can find a full list of all US states who currently have legal sports betting already in place.
*More and more states are making online sports betting legal. Check back to find out updates on your state!
States with Legal Online Sports Betting
Click below to find out if your state has already legalized online sports betting!
- Arizona
- Arkansas (Coming soon)
- Colorado
- Connecticut
- Kansas (in-depth review on the way)
- Kentucky (Coming soon)
- Illinois
- Indiana
- Iowa
- Maryland (in-depth review on the way)
- Michigan
- Nevada (in-person registration)
- New Hampshire
- New Jersey
- New York
- Ohio (in-depth review on the way)
- Oregon
- Pennsylvania
- Rhode Island (State Lottery Only)
- Tennessee
- Virginia
- West Virginia
- Wyoming
Sports Betting Terms You Need To Know
We've collected some of the most common sports bettings terms we think you need to know in order to get started and understand the basics of sports betting as a beginner.
*It's good to remember that here in the US we have our own terminology for different types of bets and odds. So don't be surprised if you see a lot of different terms that mean similar things. It usually isn't much more complicated than you would think!
Key Sports Betting Terms
- Odds: The number a sports betting site will give to a team or individual to show how likely something will happen. For example who will win.
- Betting line: Another term for odds. This can be applied to any type of odds market. For example, moneyline, points spread.
- Moneyline: A type of bet that means you back one team to win a game.
- Parlay: A type of bet where you put a number of different bets together into a single bet. This increases the odds but means you have to win all of your bets to win!
- Favorite: This is the team that is expected to be the most likely to win.
- Underdog: The team or individual in a game that is expected to lose
Click below to find a long list of key sports betting terms.
How to read sports odds
It all begins and ends with the odds! Understanding odds are crucial if you're going to become successful at sports betting.
But what exactly are odds? Odds are written as a number and are given out by a sports betting site or sportsbook based on the likelihood that something may happen.
This can be whether a team will win a game or whether something specific will happen in a game - for example how many touchdowns will be scored by a team.
This is how odds will often look when you are on a betting site or sportsbook.
Betting Odds in Focus
How does a betting site calculate odds?
Good question! There are a different number of ways a betting site will calculate odds:
How well a team or individual is doing in recent matches
Past meetings between the two
Injuries and suspensions (are any key players missing?)
Sports odds calculator: odds vs. probability
Probability is the likelihood that something will or will not happen. This is what odds represent.
We've made an easy to read odds probability guide if you're still not sure of exactly what the odds are telling you when you go onto a betting site.
The odds will tell you how likely the betting site or sportsbook think any particular bet will happen. Here you can see what the likelihood (probability) means in real terms.
Get Prepared for the Odds Deep Dive
Still not sure about odds? Don't worry we'll go into more specifics about what different kind of odds are available and how to play them just below! Moneyline, parlays, props and much more!
What is a betting line?
Betting lines are different ways you can write odds which normally are written in three ways.
As you've seen in the graphic above "How to Read Sports Odds".
Scroll up to find out more about how odds work or continue to learn about specific types of betting.
What is a moneyline?
Moneyline betting is the most basic and common form of sports betting available today. A moneyline bet involves you placing a wager on the outcome of a contest.
This is usually to back a team or individual to a win or a loss. In some sports like boxing or soccer there can also be a third outcome which is a tie.
Moneyline odds in the States are written in a plus/minus system (+/-). For example -250 or +168. Like our example here.
How do moneyline bets work?
Why is it written like this? A minus number shows you how much money you have to bet to win $100. With the Packers at -205 you would have to bet $205 to win $100 on top of the original money you put down.
A plus number shows you how much you will win on top of what you first bet. So if you bet $100 on the Eagles to win at odds of +168 you would win $68.
Let's say you have two teams in a game like the Packers and the Eagles. The favorites will most likely be written with a minus and the underdogs with a plus.
In this case the Packers are the favorites at money line odds of -205 with PointsBet. Let's say you bet $100 on Packers. that would mean you would win $48.78. A bet of $100 on the Eagles who are the underdogs would win $68.
Shopping around for the best odds
Not every betting site will offer the same odds. Some betting sites will have lower or higher odds. That's why it's a good idea to shop around a little.
Here we've taken the example of PointsBet and FanDuel. In this case PointsBet are offering higher odds than FanDuel.
By comparing the odds offered on both sites we can see that a winning bet with PointsBet would return more winnings.
Our #1 For Moneylines
What is a parlay?
A parlay bet is where you take a number of individual single bets and combine them into one bet.
✅ Pro: A great way to increase the value of odds or excitement
✅ Pro: It can allow you to bet on multiple games or outlets at once
❌ Con: You need all of your bets to win. If you lose one, you lose them all
❌ Con: The value can often be difficult to calculate and can be higher with single moneylines
Parlays can be any combination of single bets added into one bigger bet. Whether, it's two, three, four bets or even more - parlay is the catch-all term!
- Same game parlays are where you combine different bets for the same game!
Our #1 for Parlay Bets
Congratulations! You've now learnt the very basics of sports betting for beginners.
Now it's time to introduce some more advanced types of betting such as point spread betting and how to use betting sites!
How to bet on sports
Point spread betting
Point spread betting or "the spread" is a number that appears next to a sports team or individual and their opponent to show the difference between how good the two competitors actually are.
It will often be written with a + or - next to the number. For example "+3.5" or -"3-5". You can see the example here.
The spread basically acts as a form of handicap between the two teams in order to level the playing field when betting on who will win the contest.
An Example of Point Spread
As we can see in our example. The Packers are the favorite to win the game.
A -1.5 spread has been applied to them before the game gets underway. The final score was 28 to 20 in favor of the Packers.
They had to win by two points or more to cover the spread, which they did. The Eagles had a spread of +1.5.
The final score finished 28-20 with the Eagles losing the game. The Eagles lost by eight points. They did not cover the spread because they had to lose by two points, tie, or win the game.
What is covering the spread?
Think of spread betting as basically applying a handicap or an imaginary advantage or disadvantage to two teams. This is done so it makes a game more worthwhile to bet on if there is already one clear favorite.
Let's say the favorite has a big handicap applied but they still score more points to beat that handicap. That would mean the team would cover the spread.
The opposite would apply to the underdog. If they score less points than the spread they would then cover the spread.
See the image for an example of spread betting.
Now you know the ins-and-outs of how sports betting works, it's time to put that in practice! In this section we'll show you how to actually bet on sports online.
A lot of sports betting is now taking place online with many more Americans choosing to use betting sites. Those players are really beginning to appreciate the many benefits that are available.
The benefits of using betting sites & online sportsbooks
State regulated betting sites are legal
Up to date security features make betting sites a safe option
Betting apps make your favorite sites available everywhere
A wide range of odds and betting options
Betting sites let you take a break when you feel you need one
America's favorite sports are given full coverage
Just below you'll find out how to sign up and use betting sites. We only recommend fully licensed, trustworthy and top of the line sportsbooks!
Signing up for a betting site
Every betting site is a bit different in its own special way. In most cases the sign up process is fairly smooth when you're choosing a legal and professional betting site.
Step by step sign up
Click one of our links to go to a betting site of your choosing
Start the registration process
Enter your details and ID information
Make a first time deposit to claim a bonus
Start betting on your favorite sports
What you will need to sign up to a betting site
Your Social Security Number
Email address
Phone number
Home address
A way to fund your betting account
A utility bill or ID with your address
*What you may be required to submit can differ depending on in which state you currently reside but this is a general list.
How to sign up to DraftKings Today
Still not decided on a sportsbook just yet? One of America's favorites is DraftKings and we couldn't agree more. Many US players are now turned on to the great range of odds and service that DraftKings provides.
Here's a quick guide on how to sign up in just five minutes.
Swipe across to see the full step by step guide.
Go to DraftKings here or get started with DraftKings by clicking the "PLAY NOW" button below. Our verified step by step process will take you right to the DraftKings site to begin your sports betting journey.
To get all the great benefits that DraftKings Sportsbook are offering you will need to start the registration process by registering an account.
Start by clicking "SIGN ME UP".
Start the registration process by entering a few basic details:
- Create a new username for your account
- Enter your email
- Enter a password which includes letters, numbers and a symbol!
Make sure to check the box to accept the terms and conditions and click next!
Now you have entered your account information it's time to enter your personal details. This includes:
- Full name
- Date of birth
- Last 4 digits of your SSN
- Home address
When you're ready click NEXT!
You're almost there. Now it's such a couple of security issues to make sure you're kept safe.
- Enter your mobile number
- Read through the T&C boxes (terms and conditions) boxes underneath
- Check the boxes if you consent
- Click "Submit"
The last step is to verify your new account.
Simply enter your full 9 Digit Social Security Number in the field.
When you are ready click "Next".
Congratulations! You're now a member of one of the best online sportsbooks in America. To start betting load up your app or go to the DraftKings site and log in.
Go to your account and deposit funds into your account. DraftKings accepts the following payment methods:
- Visa
- MasterCard
- American Express
- Discover
- PayPal
- Wire
- Bank Transfer (ACH)
how to place a bet online
In order to place a bet online you need to sign up to a betting site and become a member.
If you haven't already signed up to a betting site we recommend taking a look at the previous step and then joining us back here after you've done that.
1. Sign up to a betting site
The first step to placing a bet online is to sign up for a betting site. Find and choose a legal betting site from our list above and get started with the sign-up process. But in all honesty, you really can't go wrong with any of the following:
- FanDuel Sportsbook → An all-American favorite
- BetMGM → The odds set by Vegas
- DraftKings → Loved across America
2. Find and select your odds
Once you've chosen one of our recommended betting sites it's really easy to find odds for your favorite sports.
Moneylines, parlays and much more, there are a number of different ways you can find odds for your favorites.
- Live betting and big events are usually up front
- Check the sidebar for different leagues and sports
- Use a search bar function to narrow it down
3. Decide how much you want to bet
Once you've found your odds it's time to decide how much you want to wager on each bet.
When you select odds for a game they will automatically be loaded in your bet slip. You can access your bet slip by desktop or on a betting app.
Within the bet slip you can choose how much you would like to bet. The betting site usually shows you how much you can win.
4. Check your bet slip
Your bet slip will show all your current bets. This is same whether you are betting on different games, different sports or even have different types of bets.
Always make sure you check your bet slip. Ask yourself: right bets, right stake? If so then you're good to go!
A lot of betting sites will give you access to your bet slip (for current and past bets) through your account setting. You can find out more about how bet slips work just below!
how much should i bet?
You've found the odds for the game you want but you're not sure what to do next. We understand that it can be difficult to know how much to stake with any given bet.
How much should I bet is a big question and not one so easily answered. In this section we'll teach you how to maximize your ability to make a success of your sports betting.
Bankroll Management in Sports Betting
We're big believers in sports betting in the long term. By utilizing a strategy known as bankroll management we'll show you how to set up your betting like the pros.
If it ever feels like it's getting too much many betting sites have a cooling off period or allow you to limit how much you stake. Never be afraid to seek help.
What is a bet slip?
A bet slip or betting slip is the place on a betting site where you can see all of your active bets. Your betting slip allows you to keep track of how many bets you have in play at any one time and how much you have wagered.
We break down everything there is in a bet slip. So you know exactly how it works in practice!
From odds to bet slip!
On a betting site or sportsbook on your computer or phone - odds will appear and once you select them they go straight to your bet slip. This is where you can start to place bets!
Bet details
Take a look at our example right here. There are two different bets. You can see all the info you need about the bets within your bet slip.
- The game itself
- What type of bet it is (Moneyline, Spread)
- The odds (in this case +110 and then -110)
Wager
This is how much you want to bet. You enter this manually. Always double check the amount before you place the bet.
To win
Most betting sites will show you how much you stand to win if you win the. This is based on how much you enter in the Wager option.
Option to Parlay
A parlay is where you combine two or more bets. On some sportsbooks that offer parlays as an option you may be given the option "to parlay" - that means take these bets and make them into one. Be aware if you take single bets into a parlay, you will need to win each of those bets to claim winnings on a parlay!
Placing your bets and checking your bet slip
Always make sure you double check your bets before you confirm and place wagers! Check the type of bet, the game itself and of course the amount!
Accepting odds movements
This can be phrased in several different ways. It basically means that if odds change in between the time you select the bet and actually place the bet then you accept those alterations without a check. We recommend you do not select this.
Other options you might see on a bet slip
Cash out
On some wagers you may have the option to cash out. Cash out is a type of live betting option that allows you to back out of your bet while the game is still in play. Some betting sites offer it and some don't if you have the top it will appear in your betting slip!
