Sports betting has become a big part of sports culture since it was legalized in the United States in 2018. The Supreme Court decision in 2018 ended a federal ban and created billions of dollars in wagers, including some tax revenue for states that permit it. It has also boosted fan engagement with games, and some professional teams have embraced it because they can generate marketing revenue from it.
But there are still many people who are unfamiliar with sports betting and the terms that go along with it. In this FRESH AIR series, we’re covering the basics of how to bet on sports, including different ways to place a bet and popular terms like “odds” and “underdog.” We’ll also talk about some strategies that can make you a better better.
A good starting point for new bettors is to focus on a specific game or event that you’re passionate about. It’s important to separate your fandom from your handicapping; if you love a team, that can cloud your judgment. Instead, try to learn everything you can about both teams — not just their records but their injuries and anything else that could impact the game.
Then, choose a bet size that’s right for you. Remember, even a sure bet can go sideways, so you should never place a bet larger than you can afford to lose. You can also use a betting site’s Promotions Page to find offers like Odds Boosts and risk-free bets.