Betting 101

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Here at Bet-NJ, we aim to give you all the betting 101 info you need. Learn how to read odds, bet on football, or which sportsbook app is best.

And if you’re ready to bet, check your chances with our odds calculator.

betting 101

Betting 101 Guides

Check back soon for comprehensive guides on how to bet on everything from the NFL to NCAA basketball. Plus, learn all about the different bet types, odds options, and state regulations, for example, our NJ sports betting guide.

Types of Sports Bets

  • Straight Bets: Bet on the outcome of a game. You have two choices here. Choose to bet on the favorite, and if they win above the point spread you’ve set, you win. Likewise, bet on the underdog and, if they win outright or lose by less than expected, you win!
  • Total Line: Similar to straight bets, with total line bets you bet on the total points scored by both teams. This is also known as over/under betting. Namely, bet on either the total score going over a set total or under it.
  • Moneyline: Also similar to straight bets, but without the point spread. Now, you won’t win as much if you put money on the favorite and they win, but it is a safer bet. Feeling lucky? Bet on the underdog and, if they win, the prize will be bigger than if you took the safe choice.
  • Parlays: Here, you pick two or more bets that are grouped together. Also, odds are adjusted based on how many picks you group together. However, this can be risky. You need every pick in your parlay to win.
  • Teasers: Much like parlays, teasers group two or more picks into one bet. However, you can adjust the point spread to help you out. Naturally, this comes with a trade-off: the overall payout you receive is lower when using favorably adjusted lines.
  • Head-to-Head: As the name suggests, head-to-head bets pit two particular players against each other. This is very common for sports like golf or NASCAR. Whoever has the higher position at the end of the game, race, or match wins.

Betting 101 Tools

Below, check out our tools, guides, and betting 101 tips to make sure you’re ready to place your first bet.

Odds Calculator

With our betting odds calculator, you can test out example wagers to see what a winning bet will bring you. Remember, always check the up-to-date odds with a sportsbook. That said, use our odds calculator to get a good idea of how a wager will work.

Odds Calculator