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To get started you will need to decide on a sport to bet on as well as a sports book to make your wager.

Selecting a wager outlet used to be an extremely secretive mission and your betting options were restricted to what an individual “bookie,” or “book maker,” was capable of covering. These limited choices resulted in odds stacked against the bettor and also a lingering apprehension when it came time for payouts.

As sports betting became a bigger and a lot more accepted practice, sportsbooks rose above their disreputable “bookie,” counterparts to go into the digital age. Online sportsbooks now possess the security of being a large company ensuring the most effective benefits for many bettors.

Sportsbooks shall take your bets in exchange for a commission – usually 10% of the wager. This is also referred to as the “juice,” or “vig,” or “vigorish.” In theory, the sportsbooks do not care who you bet on – they simply take half of their bets on each “side” and make their 10% commission.

You’ve got the chance to place bets on just about any sport you would like. From boxing to basketball, baseball to football for both college and professional games or events, these online giants can cover them all.

Keep in mind, make certain you follow the local laws in which you reside as it relates to placing wagers.

Many novice sports bettors don’t even think of money management. They simply pick an arbitrary bet size and fire away. This strategy (or lack thereof) is very risky. It’s always better to think of your bankroll and pick the correct bet size determined by your bankroll. Please read our article about bankroll management.

Expecting to win every bet? Of course not. But just how much are you expecting to win? You could be surprised to know that the best professionals in the business rarely achieve 60%. Most hit 55%-59% on a long term basis. But don’t be discouraged. Hitting anything above 52.38% is profitable and 55%-59% is quite profitable.

The key is to recognize that you shouldn’t come in and anticipate to break the bank right away. Successful sports bet online bettors win by applying a disciplined approach over a long time. If you’re looking to double your money in one weekend, you are setting yourself up for disappointment.