How Do I Get into Sports Betting? 

How Do I Get into Sports Betting? 

Ever since 1985, the betting industry in Canada has grown. It’s not shocking that the Canadian Gaming Association (CGA) predicts a $28 billion market for single-event sports betting by 2026. 

And just like William Walters, you might win big and become a multi-millionaire through sports betting. 

Yet, sports betting involves so much more. Not just predicting which game wins or loses. 

So, to simplify this learning curve for you, we have created this guide with tips for successful betting and why you should consider using professional handicappers, like us, with a betting site to help you on your betting journey. 

Learn the Basics of Sports Betting 

Learning how to do sports betting is just like any skill. But before you can master specific tactics like parlays or props, you must first comprehend the fundamentals.

For instance, you need to understand what odds are and how they work. The odds are numbers that tell you how much you can win or lose. And they may help you not to encounter a bad beat

Also, odds let you know a high-risk bet as the higher the odds, the more money you win.

Learn the Terms and Slang

Slang is very important in sports betting. Understanding it will ensure that you know what the experts are talking about. 

So, here are the most commonly used sports betting terms and slang.

Betting Terms and Slang Brief Description
Favourite vs underdog The predicted outcome for every game is either win or lose. In sports betting, the team that is likely to win is called the favourite. The other team that handicappers do not expect to win is the underdog.
Parlay A single bet combines two or more individual bets into one, and the payout is usually higher than betting on a single team. But to win a parlay, all the listed bets must be correct. 
Props Other than which team wins, props let you bet on things like the team that is first to score or the total number of points scored. 

By knowing these terms, you’ll be able to understand the experts better, thus enabling you to improve your betting strategies. 

Set a Budget

A budget is necessary to avoid going into debt due to sports betting as there are different rules for various types of bets

Before you start betting, make a budget as you can lose a lot of money if you are not careful.

Tip: You should use any extra cash you have on betting instead of spending money that should be used to pay bills.

Because, if that bet does not payout, you still have a roof over your head and food to sustain you. 

So, go over your finances and create a sports betting budget, then stick to it like your life depends on it because it very well might. 

Pick a Sport

Being a jack of all trades when betting won’t work very well for a beginner.

It may lead to some wins, yes, but if you want an edge, you must understand the sport, its rules, and the players involved. 

For example, If you love soccer, you are better off starting with betting on soccer games, but with time, you can research different sports until you find another one that interests you. 

Keep Track of Your Bets 

Tracking your bets helps you identify patterns and mistakes. 

Therefore, you can adjust your strategy accordingly to make more wins, and with some discipline and knowledge, you can become a pro in sports betting in no time. 

Use a Sports Betting Site 

As a beginner, you don’t have the luxury of having a network of well-renowned sports handicappers to provide advice and predictions on the outcome of sporting events.

So, you need to always be on the hunt to improve your predictive and analytical skills, and using a sports betting website belonging to professional sports handicappers like EZWINZ is the perfect place to start as you’ll access expert analysis. 

However, not all sports betting sites provide value. So do your own research and choose a reputable site like ours that aligns with your goals while delivering real-time analytics to give you an edge when betting. 

Get in touch with us right away so we can offer you betting advice and walk with you on this journey of being a pro in sports betting.