Guide for Sports Betting
Online sportsbooks will soon be available in Pennsylvania. They will offer betting on all major sports, including the NFL, NBA, NHL, and Major League Baseball. If you’re new to sports betting, you’ve come to the right place.
On this page, we will give you the lowdown on how sports betting works, why you should bet on sports, and some sports betting tips to get you started. Afterward, you can sign up for your account at PA online sportsbooks and bet your favorite teams.
Why Should I Bet On Sports?
The biggest question we are asked from people that play at online casinos or online poker rooms is “why should I bet on sports?” There are many reasons, but we will present you with some of the best below:
Easy to Learn – Unlike casino games that may have a ton of rules to remember, sports betting is straightforward and easy to understand. Once you learn the basics of betting odds and placing bets, that’s pretty much it.
Simple to Bet – Sports betting is super simple to bet. You don’t have to worry about specialty bets, side bets, splitting, doubling down, or anything you see in casino games and poker. You log into your account and make a bet based on the odds, and that’s it.
Knowledge is Money – Sports betting is different than other forms of gambling as you’re not relying on luck to win. If you have sufficient knowledge, you can make some serious money with online sports betting.
It’s Fun – Besides the money, the main reason people bet on sports is that it makes them feel like part of the game. They have something riding on the game, and it gives them an extra rooting interest in the game. There are few better feelings in sports than when your team wins the game, and you’ve won a nice sum betting on the game.
What to Know Before Getting Started
You can’t jump into sports betting as quickly as you can some online casino games. Now that you know how sports betting works, there are a few things you should know before getting started.
Understand the Odds – If you plan on betting sports in America, then you need to understand moneyline odds. These are positive and negative based odds that determine how much you can win. It works like this:
- Teams with + odds are underdogs, and the odds represent what you can win on $100.
- Teams with – odds are the favorite, and the odds represent how much you have to bet to win $100.
If you’re betting on horses, you will see fractional odds such as 5/1. This is the payout to bet ratio. In our example, you can win $5 on every $1 bet, or 5/1. The top number is your payout, and the bottom number is how much you have to bet.
If you understand these odds, you are ready to bet at the majority of American sportsbooks. Check out our betting odds page to learn more about betting odds.
Types of Bets – There are many forms of bets you can place on sports, and here is a quick rundown of the most common you’ll see on PA online sportsbooks:
- Moneyline – Different from moneyline odds, this is a straight win or loss bet.
- Over / Under – This bet is used for totals such as total runs or total score
- Spread – You’re betting the margin of victory or loss for a team
- Prop Bets – Bets based on events not related to a team winning a game
- Futures – Bets on a future event
How Much You Can Bet – Most moneyline odds are based on betting $100, but that does not mean you have to bet $100. You can bet as little as $1 on most sportsbooks. In some cases, the sportsbook may require that you bet enough to where the payout is at least $1. The sportsbook software will tell you if you need to increase your minimum bet.
Sports Betting Tips for Beginners
Sports betting is not like casino games where you’re entirely dependent on luck to win. With the right tactics and strategy, you can start winning right away with sports betting. Below are a few beginner sports betting tips to help you win more often and play longer.
Focus on Sports You Know Well – There are plenty of sports to bet on, and many beginners try and bets multiple sports with the hopes of hitting big. The best play is to focus on sports and teams you know well. If you’re a big baseball fan, focus on games and teams that you’re familiar with to give yourself the best chance to win.
Study and Keep Up With Your Sport – The more knowledge you have about a sport, the better off you are. If the Giants QB is battling the flu, this will impact his play, and you may want to bet their opponent. If the Orioles are averaging eight runs a game against the Athletics, it may be a good idea to bet on the Orioles the next time the two teams meet. The more you know, the better bets you can place.
Watch the Lines – Odds can tend to fluctuate, sometimes wildly depending on the contest and how soon odds are posted for a game. Keep an eye out for big line moves that make betting on one side or another more favorable.
Manage Your Bankroll – Like other forms of gambling, set a bankroll for sports betting and stick with it. Also, set a limit for how much you plan to bet daily, weekly, or even monthly. If you reach that limit, quit. Don’t change your betting strategy in an attempt to make up losses. Losing streaks happen. It is better to evaluate why you lost to make sure the problem isn’t random bad luck or if you made an ill-informed pick.
Sign up for Bonuses – Some online sportsbooks will offer signup bonuses, often in the form of a match bonus or free bets. These bonuses will give you extra money to play with at the sportsbooks. Note that casino bonuses are often separate from sportsbook bonuses, so make sure you sign up for the correct bonus.
Play at Regulated PA Online Sportsbooks – If you live in Pennsylvania or are visiting Pennsylvania, we recommend playing at online sportsbooks offered by state casinos. PA online sportsbooks are regulated the same as live casinos and give you greater protection than you’ll experience with offshore sportsbooks. It is truly the safest option for betting on sports in Pennsylvania.