Sports betting in the US has positively disrupted the gambling industry since the Supreme Court allowed states to vote on its legalization. California residents are patiently waiting to see if the decision in November 2022 will favor existing and potential sports bettors in the state.
Nevertheless, many expect the approval to be given, seeing as there are already casinos and horse tracks that facilitate betting. The people of California are ardent fans of the teams they support, and this means that bonuses and promos would become extremely popular with supporters when sports betting becomes legal.
Once this happens, every eligible sports lover would be able to use sportsbook promo codes from sites like WSN.com. What’s more, they too will be able to bet on their favorite sport from the convenience of their home.
To experience success as a bettor, you’ll need to get to know the terminology first. This article will explain top betting terms with their meaning and offer some sports betting tips for Californians.
How to Make Wagers on Sportsbooks
- Outright Bets
Outright bets remain the simplest type of bets to play and understand. Even if you’re a new bettor that visits a betting shop business to place wagers, you’d be able to understand the concept.
An outright bet is a wager on a particular team that you predict will win a game. For instance, if the Lakers play the Chicago Bulls and you expect the Lakers to win, you can place them on an outright bet. The likelier the event of a team coming out on top, the lower your potential winnings will be.
Some bettors like to bet against the teams they think will win to cash out bigger winnings.
- Parlay Bets
A parlay is a combination of bets that increase the potential winnings. The odds, which is the likelihood of a team winning, are multiplied making the overall odds higher and thus boosting the potential payout.
For instance, if you think three teams will win their respective games, you can combine them into one wager as a parlay bet. The issue with parlay betting is that if a single game fails, you will lose the bet.
- Futures Bets
Futures bets deal with events that will come up some time in the future. For instance, betting on a basketball team to win the league at the start of the season. Understandably, it will take months for the bet ticket to get completed, and that’s why it is referred to as a futures bet.
Sports Betting Tips for Californians
Winning sports bets can be as easy as picking favorites and getting a payout, even if the bettor is a newbie. However, consistently winning sports bets is one of the hardest things to do as a punter.
First, you have to set reasonable goals before starting sports betting. Second, you have to practice good risk management. Third, you have to record your aggregate losses or profits and learn from them, so you don’t repeat your mistakes.
Sports betting will soon become legal in California. It would not be very pleasant if you aren’t able to bet on games because you don’t understand betting. First, you’ll have to understand the most popular terms used in sports betting. Then you’ll have to imbibe the mindset of a sports bettor to have a chance at making consistent winnings.