Getting started in sports betting involves two basic steps. First, create an account. Second, choose a sport. Once you’ve decided on a sport, you’ll be ready to place your bet.

There are several different types of wagers available, including point spreads, moneylines, and totals. The best type of bets involve combining multiple bets for a better overall odds.

The biggest drawback to a lot of these wagers is the risk of losing large amounts of money. Fortunately, many online sportsbooks offer simplified payout formats. This can help you minimize your losses.

The best way to determine which of these options is right for you is to shop around. There are some great introductory offers to get you started. These can help you build up a good bankroll.

In addition, make sure you understand how much money you’re putting on each wager. This will help you keep your bankroll in check. Also, make sure you use stop losses and have access to earnings reports. If you’re not too sure, you can always ask a professional.

The most important aspect of any sports wager is to ensure that you’re betting on the correct team. While a favorite might have a large lead, it isn’t guaranteed. Similarly, a slumping team can lose momentum. Ideally, you’d want to avoid betting on an uncertain outcome until after the game.

The point spread is one of the most commonly bet options. It’s not as glamorous as the moneyline, but it does provide the most margin of victory.