We bet you will be familiar with the recent news stories regarding online gambling.
The United States government took the historic decision in 2018 to lift the country-wide ban on online sports betting, and several states – headed by New Jersey – reacted to legalize gambling.
Millions of Americans and Canadians are now in a position to legally wager on their favorite sports and competition, with that number growing all the time. Many states are still in the debating stage, with the likes of California and New York expected to put the matter to a vote this year or early in 2023.
If you are interested in betting on sports competitions like the English Premier League, NFL, NBA, NHL, and MLB, you will want to register at an online sportsbook that is legal and licensed in your region.
To give yourself the best chance of becoming a successful gambler, it’s important that you bet with one of the best bookies available. There is no shortage of betting apps claiming to be the best in the business, so it can be difficult to know which to trust.
How do you choose a great bookie from one that is little more than hype? The sheer number of bookies all vying for your attention can be a little overwhelming and even intimidating, especially for newbies, but it doesn’t have to be that way.
When gambling at a bookie like BetOnline, you will have access to generous odds, a list of popular sports, and thousands of betting markets on the top fixtures. This article aims to lead you through the trees to the best betting app.
Follow the advice and tips included on this page, and you will be well on your way to finding the right betting market for you. Let’s get started as there’s no time to waste if you are serious about landing the best deal available.
Tricks of the trade
When you first approach betting, it pays to keep it simple. There are many similarities shared between new bettors and professional, full-time gamblers in that they both aim to cut out the fluff.
When you begin your betting adventure, you should either make predictions for fun – without putting down a stake – and then check how you get on over the course of a week or a month.
Would you be in profit or loss if you followed each of your predictions to level the stakes?
If you enjoyed a good profit during the test period, you will know that it’s time to start playing for money. Keep your stakes small and stick to a budget. Don’t go over your budget, even if you are finding plenty of success.
A great way to stay on top of how much you spend on betting is to create a five-point staking plan where one point would be a minimal bet for an interest and five a selection you are confident will win.
Each point will be different for each bettor. For some, a one-point bet may be $1, while for others, it could be $1000.
It all depends on your budget. To limit the risk of over-spending on betting, ask yourself how much you can afford to lose to gambling each month; then any profits are a bonus.
Again, stick hard to your budget and don’t increase it just because you are on a winning run because that luck will soon run dry. Similarly, don’t up your stakes after a losing streak in an attempt to claw back some cash.
This is known as chasing your losses and is a huge mistake in the sports betting game.
Singles are key to success
Visit any major online betting app or look in the window of any land-based sportsbook, and the chances are you won’t see a single advertisement. You will see many multiple style bets, like parlays and teasers, but not a single.
That’s because it’s the multis that make the bookie their biggest profits.
The potential winnings are great, but the chances of landing that pot are limited, and they don’t come good anywhere near often enough. With a single, though, such as a Moneyline bet in the NFL, the odds are lower, but you have a 50/50 chance of winning.