Rules: General rules of online sports betting
If you are new to sports betting, here you will be able to
learn the general sports betting rules. As sports betting is
limited to the Las Vegas sportsbooks offline in the United
States, most of the rules here will apply mainly to the online
bookmakers, although generally the same (or similar) rules will
also be in effect with the Las Vegas sportsbooks. But before we
look at the sports betting rules, here is the right spot
to mention that specific betting rules will indeed apply from
sportsbook to sportsbook, which is one of the many factors we
consider when listing the
best online sportsbooks you can
see by following this link.
Sports Betting Rules: First and
foremost, the main rule of sports betting, often misunderstood
by many, is that you don't necessary compete against the odds
makers, i.e. the people employed by a sportsbook or a betting
website to set the odds on a particular event. You only compete
with the sportsbook in a few occasions, for example, if you bet
on a boxing fight or a money line on a football game. In other
instances, let's say if you are betting on a football game's
point spread, you are not actually betting against the
bookmaker, but against other bettors who will wager on the
opposite outcome. The bookie always makes money on such bets
through the "juice" or a small amount of the bet. You can read
what is juice in sports betting here. So one of the major sports
betting rules is never to approach a wager with the mindset that
you are betting against the odds makers. Following this rule
will allow you to clearly see the sporting event you are betting
on and not jump on the favorite right away.
Sports betting rule #2 - always know
what you are betting, i.e. the type of bet your are placing.
This may seem silly to an experienced bettor, but there are
thousands of people all over the world who are just entering the
sports betting arena and knowing the types of sports bets is the
most crucial part of the "initiation". There are many
differences between Asian Handicaps and point spread betting,
for example, and until you have mastered the rules for these
sports bets, don't try any of them as the chance of loosing is
much greater when you have no idea what you are doing. You can
read more about the types of sports bets here, another small
betting guide to help you succeed. The basic of this sports
betting rule - if you are unsure about a type of bet, never
wager on it. The simplest bet you can make is the "win or lose"
bet, stick with it until you really know what you are doing.
Game-specific sports betting rules:
Our final general sports betting rule covers the game-specifics.
Unfortunately, these betting rules will be different, depending
on which sports betting website you visit. For example, some
sportsbooks do count overtime in a football game for all bets,
while others will honor the bet for regular-time scores only.
For those sports betting rules you will have to check with your
favorite sportsbook and make sure you know where its sports
betting rules are located. Depending on your betting style, you
may have to often reference those game-specific betting rules.