The minimum stake is often as low as $0.50 but can be as high as $2,000+. Most betting sites have minimum and maximum stakes.

If you lose the bet, the bookmaker collects the stake. If you win the bet, your stake plus any profit is returned to you. While the bet is “on” the money is temporarily in the hands of the bookmaker until an outcome has been decided. Once you’ve staked a wager, that money is no longer yours – at least for now. So, what’s a stake? A stake is the amount of cash you’ve placed on a wager. It only becomes a wager once you’ve staked money. For example, if you choose an NFL team to win, this is your selection. See, before the money is involved, a wager is simply a selection, which is what you are betting on. What types of wagers are there? Numerous, but we’ll cover these later. If your team loses, the bookmaker keeps your wager. If you wager on, say, an NFL team to win, the bookmaker accepts the wager. When you place a wager, you’re suddenly in competition with the other party – which, in our example, is the betting site. Getting Started With Sports Betting Understand The Basicsīy ‘basics,’ I mean understanding the general rules of sports gambling – how you place a bet, and what the markets mean. We’ll take a look at the basics, we’ll check out how to pick a sports betting site that’s right for you, and we’ll take a look at some tips and tricks. In this article, I’m going to show you how to bet on sports the easy way. While I – nor anyone else – can guarantee that you’ll suddenly learn how to win all the time, learning the ropes is just a matter of grasping the basics, picking the right sportsbook, and picking up a few tips and tricks. The good news is that learning how to bet on sports is actually a lot simpler than you might have thought. All of a sudden, the game means a lot more.

I think you’ll agree with me when I say that learning a new skill like betting on sports is super exciting! It can make you some money, and it changes the way you watch the games.

Select a bit, pick a stake and place your bet.

Check the possible markets, bets, and odds.

Find a sports event you like the look of.

Find a betting site and create an account.

How to bet on games online