How to Make Money in Sports Betting

While many people do make money from sports betting, the industry did not become a billion-dollar industry based on the possibility of making profits. The truth is that most bettors lose more than they win. But if you’re smart, understand the math and stick to a plan you can be one of the few that comes out ahead.

The first step in sports betting is determining how much money you’re willing to invest on each wager, including a loss. It’s important to separate your personal feelings from the decision-making process; otherwise, you might let your emotions drive you to make irrational bets and ruin your bankroll.

Once you have your budget in place, investigate each sportsbook and find the one that best matches your needs. Look for reviews and check out the sportsbook’s betting menus to ensure that they offer all of the markets you’re interested in.

Point spreads are the most common bet types. They involve taking points away from the favorite and giving them to the underdog to level the playing field. Oddsmakers will list the points to cover in front of the odds for each team, with a minus sign in front of the number representing the underdog and a plus sign in front of the number representing the favorite.

Over/Under totals are bets on the total combined score of a game, including overtime and extra innings. They’re typically offered in baseball and hockey, where a single run or goal can decide the outcome of a game. Weather can also impact totals; for example, a strong wind could cause a warning-track fly ball to go over the fence and count as a home run.