Sports

5 Genius Sports Betting Tips for Beginners 

5 Genius Sports Betting Tips for Beginners 

Are you a sports fan looking to place some bets for the first time? If the answer is ‘yes!’, then this guide has got you covered. When you finish, you’ll understand the process behind betting on sports games, from the NBA to the NFL. 

1. Use an Official Sportsbook 

To bet on any sport, you need to use an official sportsbook, such as Unibet Sportsbook, as a good example. They will provide you with the odds and user interface you need to navigate different games and place the bets that you want to – simple. Plus, when you use an official sportsbook, you can often experience better security as well as special offers, such as monthly bonuses. 

A classic sportsbook bonus is the ‘matched deposit’. This is when you place a deposit into your account (up to a certain amount), and the sportsbook will then match it, giving you double your budget to gamble with. For instance, if you deposited $20, you would receive a matched deposit of $20. In other words, you’d receive $20 for free to place sports bets with. 

Remember: you can only use a sportsbook if you’re above the legal gambling age in your state. For most US states, the gambling age is either 18 or 21, so make sure to double-check first before placing any wagers. When you create an account, you’ll also be asked to provide proof of age for security purposes. 

2. Learn the Different Types of Sports Bets You Can Place 

In the world of sports betting, there are many different kinds of bets you can place. The most popular bets include: 

  • Money Line Bet: A simple wager where you bet on which team you think will win or lose. 
  • Live Bet: Any bet that you place while a game is actively taking place. 
  • Over/Under Bets: A bet on whether a specific statistic will be higher or lower than the predicted amount by the sportsbook (e.g., You might bet that Tom Brady will score ‘over’ 2 touchdowns’) 

Make sense? Great

Basically, it’s recommended that you dedicate some time to memorizing and understanding the different sports bets on offer by the sportsbook that you join. This way, you’ll be able to grow your experience levels and place more complex wagers as you become more knowledgeable and experienced in this popular hobby.  

3. Download a Sports Betting Analysis App 

In both the Android and iOS app stores, there are analysis apps specifically for sports betting. Most of these analysis apps use AI that makes predictions from data. Although they don’t get it right all of the time, these types of apps can be incredibly helpful for beginners who want to place safer bets that are based on data rather than instinct or opinion! 

4. Play with a Budget 

As a beginner, your aim should be to place extremely small bets to start with. Some sportsbooks even allow you to bet as little as $0.10 on games, which is great for learning the ins and outs of the betting process. There’s no pressure involved due to the low amount of money, which will allow you to relax and focus on having fun and learning how sports betting works as a newbie to the activity. 

Before you make any deposits, make sure to decide your budget for the month. You can calculate a sports betting budget based on your disposable income. Plus, it’s important to stick to a betting budget at all times – even if you’re a seasoned betting expert. That way, it stays fun without becoming overwhelming – fun is what betting is all about, after all.

5. Always Cash Out Early!

Whenever you place a big bet that seems like it’s going to win, it’s highly advised that you always ‘cash out’ early. This is when you close the bet and receive slightly smaller winnings than you would have if you’d stuck it out to the end. Sure, you win less, but it nevertheless guarantees that you win!

About the author

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Steven Ly

Steven Ly is the Startup Program and Events Manager at TheNextHint Inc. She recruits rockstar startups for all TC events including Disrupt, meetups, Sessions, and more both domestically and internationally. Previously, she helped produce Dreamforce with Salesforce and Next '17 with Google. Prior to that, she was on the advertising teams at both Facebook and AdRoll, helping support advertisers in North America and helped grow those brands globally. Outside of work, Priya enjoys Flywheel, tacos, the 49ers, and adventuring around the globe.

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