Most online betting sites are always on the hunt for new customers, and many offer special sign-up bonuses you can tap into to extend your bets and help defray your losses. Watch out for accounts with no verifiable win/loss records, an obsession with showing their high-roller lifestyle, and promises of “guaranteed wins.” A lack of user comments or reviews is also a big red flag.

Be smart and avoid them with a few simple tips. In the sports betting world, these guys are called “scamdicappers,” and they’re often found on Instagram. Be SafeĪs in any gold rush-type scenario, con artists abound, just waiting to prey on newbies. This bit might seem a little tedious, but time spent on research will help protect your bankroll. Be sure to understand your own stats, too: your winning percentage, units, and ROI. Use Twitter to gain insight on lines and bone up on all the analysis you can. Learn everything you can about the teams and the sport. But don’t be intimidated-you can do your own research. They spend incredible amounts of time and money to gather all the data they can to help them win as often as possible. Sports betting is a big moneymaker for sports books, casinos, and handicappers of all stripes-and these businesses are in it to win it.

Read on for our top-10 tips to help you get savvy-fast! 1. Cue the flood of new bettors sure to make the kinds of rookie mistakes that help keep sports books in the money.īut you don’t have to bet blindly! Protect your bankroll with smart, time-tested advice from the experts that can help you enjoy your new hobby with a minimum of drama. Americans illegally wager more than $150 billion on sports every year through offshore betting sites and illegal bookmakers, according to the American Gaming Association, but with the 2018 Supreme Court ruling, more states are legalizing sports betting every day.

Sports betting for dummies