Tip of the Month
Don’t try and be too clever
It is worth remembering the old Chinese proverb 'every journey starts with a single step', when you place your first bet. Try a single bet. A small profit is better than any sized loss.
- Learn how to place a bet
- Learn how the odds work
- Learn how difficult it is to pick one winner
Learn and enjoy the feeling that collecting the "payout" gives you
Sports Insights offers a wide variety of information about sports betting, including a great article about Money Management & Bet Size, which helps you to understand how to bet in a way that shows strategy.
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Did You Know?
What is the minimum bet that must be reported to the IRS?
All gambling wins and losses are supposed to be reported to the IRS at the end of the year, but if you bet more than $10,000 at once, you must fill out some IRS paperwork at the ticket counter. All money won must be reported to the IRS.
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Tutorials > Strategy
Strategy is incredibly important when betting on sports and getting into betting of any kind. One sports betting strategy that has continued success is to sign up for two or more handicappers for the entire season and then if you see that another handicapper has a major play like a Game of the Month type situation, or Game of the Year situation, you can always purchase a one-day package from that handicapper. Depending in the memberships or subscription options available, you can make a smart betting decision by utilizing handicaps and other strategies.