Sports and gambling are a big business, but until recently, the intersection of these two activities was limited to just a few states. In 2018, the Supreme Court struck down a federal ban on sports betting, allowing individual states to set their own policies.
If you plan to bet on sports, it’s important to open a specific bank account that is used solely for this purpose. This allows you to track your winnings and losses. Moreover, it helps you stay on top of your bankroll so that you don’t lose more than you can afford to.
Betting against the spread is one of the most popular ways to bet on a sporting event. The point spread is a number that the sportsbook puts up that handicaps one team over another. If the favored team wins by more than that margin, it covers the spread and gives bettors a profit. The number can also be in increments of half-a-point (.5) even though few sports have a scoring system that goes that low. This is done to eliminate the possibility of a push (a bet that neither wins nor loses).
Futures bets are wagers on an outcome in the future. This can include betting on a team to win the World Series; on a player to win next year’s Masters tournament; or on a country to win the soccer World Cup. The odds for these bets tend to be much higher than those for straight bets on individual games, but they also carry larger potential payouts.