Sports Betting Tips: How to Wager on Mixed Martial Arts
If you are thinking about putting your money on sports betting and in particular on mixed martial arts, here is some information that can come handy in order to give you an edge over your bookie.
Sports Betting Tips: Betting MMA
Since the early days of the UFC back in 1993, mixed martial arts has grown considerably fast, in fact, when you ask around which one is the ultimate contact sport, most people will point out to mma instead of boxing, and such growth of the sport goes certainly hand in hand with sports betting. That is why we have created an article that can help you understand how to bet on it in a better way, so read on.
Unlike hoops and football where you bet mostly on spreads, on mma your sports betting will be focused on money lines.
For example, let’s say that BJ Penn is fighting an unknown prospect, and Penn being the favorite, is given a substantial money line of something around -440, this means that the odds are 44 to 1 favoring Penn, and it also means that if you want to bet, you will need to lay $440 to make $100 (or for every $4.40 you bet, you make $1).
If there were no money lines, you could just bet the favorite every time for any amount you want and make some good cash, so, the higher the amount of the sports betting odds, the more chances of winning, and also the more cash you can lose.
This is why we recommend you to check on the health status and the past statistics of both fighters, as the favorite on a fight is not always the top choice to put your money on.
You also need to consider the fact that if the bookmaking agent you are dealing with is noticing that there is heavy action on one side, he will certainly do some line adjustments in order to get players to bet on the other side in order to bring some balance.
For this reason, you need to be careful at the moment of placing your wager, as the odds that you are picking to bet on will not vary for you even when such odds have changed on the listed live open sports betting lines.
Now, when it comes to wagering with your bookie, you always need to have a budget, meaning that you need to know what you are willing to lose, as even though there is people that makes of sports betting their profession, losing is a very real possibility.
That is why we recommend that you bet to make the fight more pleasant to watch, so start with small bets, and as you get familiarized with the fighters and start to feel more comfortable with the money lines, you can gradually increase the amounts that you are laying.