When you’re betting on sports, it’s important to keep a few important things in mind. First, you must separate yourself from the fandom that surrounds the teams you’re betting on. For example, you shouldn’t bet on a team just because its uniforms are prettier. Unless you have a real understanding of the game, you’re essentially guessing. You must also know all the facts about both teams, including the latest injuries and other relevant information.

Sports betting comes in many forms, from betting on a single team to betting on multiple outcomes. Ultimately, the goal is to bet money on an outcome and receive a payout based on whether it comes true. The most common types of bets are moneyline, spread, and parlays. You can also place a “prop bet” that involves a more specific outcome, such as a certain player combination.

One of the first things you need to know about sports betting is your bankroll. You should dedicate a certain amount of money to each wager. This will ensure that you can’t lose all of your money on a bad day. Some experts recommend betting one to five percent of your bankroll on each bet. The percentage you choose will depend on how confident you are in your team’s play.

You should also learn how to read sports statistics. Fortunately, there are several sites online that can help you with this. For example, Pro Football Focus and Football Outsiders are both excellent sources for NFL statistics. For college football, Ken Pomeroy and Erik Haslam are good resources.