Sports Betting For Dummies – Top 5 Tips For All The Newbies

Posted on August 28, 2020

If you’re a sports fan, even just a casual one, you can’t watch any sporting news segments or post-game shows without hearing about moneylines, spreads, odds, favorites, underdogs… and on and on and on.

New laws in New Jersey made sports betting more accessible and accepted than ever before. It seems like everyone is giving it a shot, and now you may want to get into the action to make those games you watch on TV a little more interesting. But unless you have some experience with betting on sporting events, there are a few things you should educate yourself on before jumping right in.

So I’m here to help. Whether you’re a casual sports fan who’s just looking to make a few extra bucks during the weekend or an analytical freak who wants to make a bank, these 5 sports betting tips will save you a lot of time and frustration as you get started.

Bankroll OR Bust

A bankroll for new sports bettors is crucial for avoiding downward spirals and keeping track of your funds. Although it’s an important step in sports betting, it’s not hard to do.

  • Set aside an amount of money you can afford to lose per month, week, or year.
  • Don’t add more before your re-up, unless it’s absolutely necessary.
  • Determine a percentage range of your overall bankroll and stay close to that amount for each bet.

Educate Yourself on the Three Most Common Types of Bets

There is almost an infinite amount of different sports bets that can be made, so keep it simple when starting out. Stick to the more common types of bets and focus on learning them before getting fancy with your wagers.

Here are the three most popular and straightforward bets that can be utilized on just about any sporting event.

  • Moneyline Bets
  • Point Spread Bets
  • Over/Under Bets

Take some time to study each type of sports bet above, and you’ll be off to a great start. You can find explanations for three types of bets and more at our NJ sports betting tips page.


Selecting A Good NJ Sportsbook

Fortunately, we did all the work for you on this sports betting tip. Our team of experts have spent countless hours researching and reviewing all the legal NJ online sports betting outlets for bettors like you.

Below you’ll see a list of the best online sports betting sites in New Jersey, along with the best and most up to date bonuses and promotions being offered for each book.

  • As you start to look around at different sports betting apps in NJ, you’ll soon realize that there are some legit new member offers at all the top sportsbooks. (see offer list below)
  • As a new player, you should always take advantage of free bet sign-up bonuses and/or deposit match promos.
  • New player offers are the best ones, so use em up!

We also offer breakdowns and reviews for each NJ online sportsbook, so you can choose the one that fits your needs.

Rank
Sportsbooks
Bonus
Features
Play
1
$1,000 first bet
On Caesars
Up to $1,000 Back as a Bonus Bet if Your Bet Loses
Stream NFL Games In-App for Free
21+ Gambling problem? Call 1-800-GAMBLER
Use Promo Code: LEGAL1000
2
UP TO $1,000
In Bonus Bets
First Bet Safety Net up to $1,000, or Bet $5 Get $150 in Bonus Bets
30% Extra on Same Game Parlay Profit
Gambling Problem? Call or TEXT 1-800-Gambler 21+
To Claim: Click Play Now
3
up to $1,500
In Bonus Bets
Up to $1,500 in Bonus Bets if Your First Bet Doesn't Win*
*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms
21+. Gambling Problem? Call 1-800-GAMBLER
Use Bonus Code: PLAYBONUS
4
$250 Bonus
2nd Chance Bet
Up To $250 in Bet Credits
ONLY 1x Play Through!
Use Affiliate Code: PLAYRIV
5
Up to $100
Bonus Bet
Up to $100 Back if Your First Bet Doesn't Win
Get Your Bets Boosted
To Claim: Click Play Now
6
Bet $5
Get $200
If Your Bet Wins
Bet $5 Get $200 in Bonus Bets if Your Bet Wins
Available on Desktop, Android & iOS
To Claim: Click Play Now
7
Up to $250 Back
In Bonus Bets
First Bet Reset up to $250 Back in Bonus Bets if Your First Bet Loses
Get Betway Boosts & Enhanced Odds
To Claim: Click Play Now

Know Your Subject Matter

Betting on sports is not simply a game of chance, so make sure you’re betting on a sport you know. And if you think you know enough, do more research and learn some more, because you can never have too much knowledge on the sports you’re betting on.


Have Fun

If you’re new to sports betting, I’m guessing this isn’t going to be your source of income. This a hobby, and it’s supposed to be fun. However, like other hobbies it costs money. So be responsible, and don’t dig a hole you can’t get out of. That’s when it’s stop being a fun hobby, and starts becoming a problem.

It’s easy to have fun when you’re winning, but you’re not always going to win. Everybody loses once in a while. So make sure you keep having fun whether you win or lose. Stay within the confines of your bankroll is very important for enjoying your sports betting experience.


Gambling problem? Make sure you call 1-800-GAMBLER to get help right away.

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