Sports betting has never been more accessible, but there’s a learning curve when it comes to understanding the different bet types. For example, it can be confusing to see a team’s odds with a plus (plus money) or minus (-money) sign before their name. A plus sign means that the team is the underdog, while a minus sign makes them the favorite.
The most popular bets in sports betting are the straight bets. A straight bet is simply wagering on the outcome of a single game or event. It’s important to remember that even if you bet on the underdog, it’s possible to lose. This is because of the house edge, which is a percentage taken by the sportsbook for taking your bet. This fee is known as the juice, and it can be substantial, especially if you bet on the underdog.
Another popular bet type in sports betting is the totals (Over/Under) bet. These bets are based on the total combined score of two teams in a game. If the final adjusted score ends up in a tie, the bet is considered a push and most sportsbooks refund these bets, although a minority of them count them as losses.
It is possible to make a living from sports betting, but it takes discipline and research. The best way to increase your chances of winning is by not betting with your heart and only making bets that have positive EV (positive expected value). It’s also important to stick to your bankroll and only bet what you can afford to lose.