Beginners Guide To Online Betting

Sports betting is one of the most common online gambling games. Many people worldwide place wagers on a variety of sports, from boxing to football.  Here is a guide on online betting in sports.

Placing a Bet

The first step towards online gambling is learning how to place a wager. After creating a sports betting account, the next thing is to place a bet. The first thing you need to do is select a sport from the menu. Secondly, choose an event. For example, you can choose a football game between Manchester City and Liverpool.

After selecting an event, the next step is to predict an outcome. For example, you may forecast that Liverpool will beat Man City. You will see the odds of the event. For example, the odds of Liverpool beating Man City might be 2/1. Therefore, if your prediction is right, you will win double the amount of your stake.

After choosing the event, it will appear on the bet slip. You will be required to fill out your wager, then your profits and losses will be calculated. Finally, confirm your bet. Your account will be credited or debited with your winnings or loss when the game is sports betting

Types of Bets

Singles- In this type of bet, you predict the outcome of a match, game, or fight. For example, you can place a wager that Arsenal is going to defeat Manchester United. You do not have to forecast the number of goals and whether the goals will come in the first half or second half of the game. You only need to pick the winner.

Doubles- In this type of bet, you make two selections. To win in the doubles, both your predictions must be right. For example, you might predict the winner of two football matches. Both of your predictions must be right.

Trebles- In this type of bet, you make a wager on three events. All of your predictions must be right for you to win. Trebles have larger payouts than singles and doubles.

Accumulators- In this type of bet, you wager on up to eight games or events. For example, you can bet on eight football matches. Accumulators have a better payout than doubles and trebles.

Live Bets- In this type of bet, you normally predict in-play events like the result of a penalty kick or the next team to score in a football match. These bets are settled faster and allow you to bet on different outcomes.

Online Betting Offers

  • Bonus Bets

With bonus bets, you get a bonus of $50 deposit; you get an extra $50 to bet with. These online betting offers come with conditions like playthrough requirements before you are able to withdraw the money.

  • Risk-Free Bets

These are also known as second chance bets. You get a refund of your money if your bet loses. However, in some cases, you only get a percentage of your stake.

  • Win Boosts

With win boosts, you get a boost on the amount of your bet. For example, if your bet wins, you may get 50% of the winnings.

  • Best Odds Guaranteed

With this offer, your bookmaker matches the best odds for your game. In most cases, a computer program will compare competitors and match odds automatically.

  • Cash Outs

With this offer, you are able to cash out early. You can either accept or reject the bookmaker’s offer. This offer gives you the chance to take your winnings early or minimize your loses.

Betting Tips

Review Historical Data:

The best punters rely on statistics when placing bets. You can use past statistics to determine the chances of your team winning or losing. For example, if Arsenal wins 90% of her matches when playing at home, they are likely to win a home match against Chelsea, if the latter loses most of her away matches.

Hedge Your Bets:

A popular strategy for online betting is spreading your risk. The formula for hedging is comparing your initial bet with the opposing bet placed to prevent a loss. You can make one highly risky bet and another one with a high chance of winning. For example, you can bet $100 on Arsenal to beat Man United and bet $50 on Liverpool to beat Man City. If your riskier bet loses, you can still win if Liverpool beats Man City.

Rely on Your Knowledge and Experience:

It is advisable to bet on games you are interested in and know about than what does not interest you. A knowledgeable tennis game fan is more likely to win bets than a newbie. Place bets based on your knowledge about the sport.