As far as online sports betting is concerned, if you don't know what you're getting into, you will lose a lot of money in a very short period of time. It is very important for you to remove emotion completely from the equation when placing sports bets. After all, just because your favorite team is playing doesn't mean you have to bet in their favor does it? You should always place bets based on all the information you have gathered about a sporting event and not based on instinct. It may pay off once or twice, but you can't expect it to work every time.