If you’re looking for a fun way to pass the time while watching your favorite sports, consider a sports bet. Not only is betting on the outcome of a game fun, but it can also be profitable. In fact, many states have legalized sports betting, and some have even created jobs in the process.
Sports betting is a fun, engaging activity, but it can be challenging if you’re new to the sport. To get the most out of your bets, you should have a clear understanding of the basics. This will help you learn from mistakes and avoid big pitfalls.
First, make sure that you have a budget. You need to allocate a certain amount of money for each bet. Some bettors recommend risking a maximum of 1 to 5 percent of your bankroll on each bet.
Next, think about the odds. These will show you how likely an event is to happen, and how much your return will be if you win. It’s important to understand that high-risk events pay out more, but have higher risks.
There are two common types of bets, including a point-spread bet and a moneyline bet. Point-spread bets require a team to win by a set number of points.
Moneyline bets are the most basic type of bet. A moneyline bet wins regardless of the number of points scored. For example, a point-spread bet on the Washington Commanders would require the team to beat the Jacksonville Jaguars by at least five points.