From beginner to confident bettor
How to Bet on Sports in Maryland
Every bet type explained, with examples drawn from Ravens, Orioles, and Terrapins games. Built for new Old Line State bettors.
The Core Bet Types
Sports betting can feel overwhelming the first time you open the FanDuel or DraftKings app — dozens of markets per game, hundreds of player props, and odds written in two-different formats. Don\'t panic. There are really just three core bet types you need to learn first:
- Moneylines — pick a winner, simplest bet there is
- Point Spreads — bet on margin of victory, equalizes lopsided matchups
- Over/Unders (Totals) — bet on combined score, no winner-picking required
Master those three, then layer in:
- Parlays — combine multiple bets for higher payouts (and higher risk)
- Prop Bets — wager on stats, milestones, and storylines
- Live Betting — wager during the game, not just before it
- Futures — long-term bets like Super Bowl champion or MVP
American Odds in 30 Seconds
Maryland sportsbooks default to American odds — those + and − numbers next to every team or player.
- Negative number = the favorite. The number tells you how much you must wager to win $100. Example: Ravens -180 means you risk $180 to win $100 profit.
- Positive number = the underdog. The number tells you how much $100 wagers wins. Example: Bengals +160 means a $100 wager wins $160 profit.
- Most spreads and totals are priced -110 on each side — risk $110 to win $100. The $10 is the sportsbook\'s margin (the "vig").
Need more depth on odds formats and conversion? See our full odds guide.
Getting Started — Five Practical Steps
- Set a bankroll. Decide how much you can comfortably lose. Treat this as your entertainment budget — never use rent or bill money.
- Pick 2-3 sportsbooks. Different operators post different lines. Line shopping gives you real edge over time.
- Claim welcome bonuses. Most Maryland sportsbooks offer first-time-user promos worth hundreds in Bonus Bets. Compare current offers.
- Start with simple bets. Moneylines and totals first. Avoid 5-leg parlays and obscure prop bets until you understand the math.
- Track your bets. Use a spreadsheet or an app to log every wager, the price, and the outcome. After 100 bets you\'ll know whether you have an edge.
Maryland-Specific Rules
- You must be 21 or older and physically inside Maryland to wager. Geolocation runs every time.
- Betting on Maryland college player props is prohibited (since 2024). Team markets remain legal.
- Maryland has 12 licensed online sportsbooks and up to 50 retail licenses.
- The state imposes a 20% tax on operator gross revenue — among the higher rates in the US.
- Help is always available: 1-800-GAMBLER or the Maryland Center of Excellence at 1-888-238-7633.
Pick a Guide to Continue
Moneylines
The simplest bet in sports — pick a winner
Read guide →Point Spreads
Sportsbooks' equalizer for unequal teams
Read guide →Over/Unders
Bet on the score, not the winner
Read guide →Parlays
Big payouts, lower probability — bet smart
Read guide →Prop Bets
Bet on stats, milestones, and storylines
Read guide →Live Betting
Wager during the game, not just before it
Read guide →Futures
Long-term bets that settle at season end
Read guide →Ready to Place Your First Bet?
Pick a sportsbook, claim a welcome offer, and start with a moneyline or total — the easiest entry points.
How to Bet — Beginner FAQs
What's the easiest bet type for beginners?
Moneylines. You simply pick the team or player to win — no point spread, no totals. Once you're comfortable with American odds (+ and − pricing), graduate to point spreads and totals.
How much should I bet per wager?
A common rule is 1-3% of your bankroll per bet. Bankroll is the total amount you've set aside for sports betting, separate from rent and bills. Avoid wagering with funds you cannot afford to lose.
Are sports betting profits taxable in Maryland?
Yes. Net gambling winnings are taxable as federal income (24% withholding above $5,000) and Maryland state income (subject to state tax brackets). Track wins and losses; itemized deductions can offset losses up to the amount of winnings.
Can I bet on Maryland college teams?
Yes — team-level markets (winner, spread, total) are legal. As of 2024, Maryland prohibits player prop bets on college football players.