Did you know that women actually do better than men at sports betting?
Women bet strategically and with less emotion than male bettors and win more than men do. It should not be surprising, since women make up almost half of all sports fans. It makes sense that we would want to cash in on the excitement of betting on our favorite sports.
There is not a lot of info out there for women who want to bet on sports online though. That is why we are here to help. Keep reading to find out everything women need to know about online sports betting.
What is online sports betting?
At a basic level, sports betting is easy. You try to predict the result of a sporting event and then place a bet based on that prediction. Online sports betting is even easier than in-person betting. You can make more money online, and it’s more convenient. Although the basic principle is simple, there is clearly more to it than simply making predictions and winning or losing. There are a few things you should know before putting your hard-earned money on the line.
How Women Bettors Can Find a Reputable Site To Bet Online?
Before you jump in it is best to do your research. Finding a site that is legal and licensed to operate in your state is the first step. You will probably find there are a few big names in sportsbooks — sites that take bets on sporting events.
A good strategy to maximize your investment is to find a sportsbook with a signup bonus. These sites want you to register and so there are plenty of sportsbook promo codes that will give you incentives like free money to sign up or even free bets.
How do I place a bet on sports online?
The first step will be once you have found a trustworthy betting site, to create a new account. It will only take a few minutes to complete the process. You will be required to provide your name, address, email contact, phone number, date of birth. Then you can set a username and password.
Verifying your identity is a standard part of signing up for an online betting site, and there is no reason to be nervous once you are using a legal sports betting provider.
Before you can make your first online, you must fund your account. At least a few deposit methods are available at most online sportsbooks. What is available depends on the website you’re using and where you reside.
Now you are ready to make your first bet. Log in and see what markets are available. A market is anything offered by a sportsbook. The most popular betting options are moneyline bets, point spreads, totals, futures, and prop bets.
The terms can be intimidating if you are a beginner, but there’s no need to be an expert right away. Start with what you are comfortable with. Betting limits are low when it comes to online sports betting. You can place bets on sports online for as little as $1.
Sports Betting 101
A moneyline bet is one that is placed on the winner of a game. Simple, right? In football, for example, each team is assigned odds depending on how likely it is to win. The favorite tends to have lower odds and payout.
A point spread bet is when you wager on whether a team will win or lose by a specific number of points. It shows each team’s (+) or (-) handicap, known as the “line.” A point spread can be broken down as a guess of the numerical separation between the teams.
A parlay is a bet that combines many outcomes into a single bet. To win, all of the parlay’s outcomes must be predicted properly. While risky, this type of bet also has some of the best possibilities of a big reward.
The above are the most popular, but there are also prop bets, for example. Prop bets give you a stake in more precise, specific results, like how many points a certain player will score. Prop bets are fun and can be a great social connector if you are betting with a group of girlfriends (or guy friends).
If you are wondering how this works, the possibilities are pretty much endless.
Will Aaron Rodgers throw for 300 yards or more in the game? What about if you think you can predict which side will score first, or how many passing yards the quarterback will throw, or how many points a certain player will score in tonight’s NBA matchup?
Get the answer to any of these right, and you could be in for a lucrative payout with a prop bet.
How Women Can Make More Successful Bets Online
A smart bettor, no matter their gender, keeps up with news in the sports world. There are even media outlets devoted to keeping up with sports from a woman’s point of view. Here are some top tips on being the best you can be at sports betting online.
- learn the basics before you start;
- compare odds and lines with different sites;
- research before you bet;
- participate in an online betting forum;
- set a budget for yourself;
- experiment with what works for you.
Is sports betting online legal?
Yes, sports betting online is legal in many states, nearly 20 in total, and Washington, DC as of now. Arizona, Colorado, Illinois, Michigan, and New Jersey are just some of the states with reputable and legal online sportsbooks. More are coming soon, too.
There is no need to worry about running into trouble with the law as long as you do it the right way. More and more states have plans to legalize but have not officially put it into law yet.
If you are currently in a state without legal online betting, you can still bet in another state if you are physically there within the state borders.
Women and Online Sports Betting: The Bottom Line
Hopefully, this has helped you figure out all the info women need to know to bet on sports online. Now get out there and bet! If you feel confident enough, you could even end up earning enough to make a living from sports betting.