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A Beginner’s Guide to Sports Betting

A Beginner’s Guide to Sports Betting

Sports betting is a major pastime for professional and amateur bettors alike. Sports betting can generate absolutely huge sums of revenue for the gambling industry, especially when there is a major sporting event on. You only have to look at the amount of people who wager only once per year, namely on the World Cup or Grand National to see that. Everybody loves to have a punt on something at some point. If you haven’t yet joined the craze, there are a few handy hints to get you started. Learning to wager on sports is not complicated at all, as you will see. Let’s begin, shall we?

Finding a place to play

If you want to start placing sports bets, you will need to find a place to play before anything else. You could jog down to your local bookie, but that is often a hassle, and to be honest, they have less to offer you than your typical online sportsbook. So, playing online or via your mobile is your best option. There are many sportsbooks out there, and by and large they offer roughly the same odds on games. You could opt to stick with what you know. The big high-street sportsbooks are one way to go. Alternatively, you could go for something more obscure (though still trustworthy), in hope that they can offer you something their rivals cannot.

Simply open up and account and register as a new player. You will then need to slap some money down into your account. After depositing, you are good to go.

Stick to what you know

Generally speaking, it is advised to start off by wagering only on players, teams, leagues, and sports you are familiar with. This will increase your chance of success, since you are in the know. Of course, it is always appealing to slap a small punt on a sports bet with massive odds, but refrain from doing that until you know a little about the bet itself.

Using tools to maximise your efficiency

There are ways you can maximise your efficiency in the sports betting world, which will enable you to make informed decisions about your bets. Some online sportsbooks offer matchup tools, or statistics centres. These can provide you with all the knowledge you need to make educated and informed sports bets. On the other hand, you can do your research yourself by popping along to a sports news or statistics site. Take a bit of time with it, and make some notes. Only once you are fully armed with a range of stats should you consider betting. With enough information at your side, you may even be able to see the light in wagering a little on something which isn’t likely to come off. Remember, the underdogs do sometimes triumph, but it is all about knowing which ones will, and when. The more you research and use the tools at your disposal, the more likely you are to see your bets come good.

Don’t go wild

It is important that you don’t go wild. Don’t bet every day, and don’t wager huge sums of money on an underdog. The good thing about wild underdog bets is that you don’t really need to wager very much on them at all, in order to win a vast sum if they come good. Very few players love sports enough to wager on them every day. Stick to your favourite sports, and try not to stray to start off with. If it isn’t the season for your particular sport, don’t wager on another one unless you are comfortable with the rules of the game, and you know something about it. It shouldn’t really need to be said, but for the sake or argument – never keep depositing and wagering vast sums to try and recover your losses.

Bonuses and promotions

New players should also keep an eye out for promotions and bonuses. Promotions can be very handy indeed. It is not uncommon to see football specials where you can get your money back in the event of a draw. “First to score” promotions and other bets can also be useful, since they seldom come with extra stipulations. Promotions tend to occur mainly in time for major sporting events.

Bonuses, on the other hand, are not necessarily a good thing. Personally, it is best for new players to avoid cash bonuses (unless they need the money to wager with). Cash bonuses come with wagering requirements which must be met before a withdrawal can be processed. In an online casino, you can quickly turnover the wagering requirements by playing slots, or table games. However, in an online sportsbook, there aren’t too many events you will want to bet on regularly, so it may take quite a while to clear wagering requirements before you can withdraw. With that in mind, only take cash bonuses from online sportsbooks if you really need them.

How to place a bet

Generally, everybody is interested and knowledgeable about certain sports more than others. You simply browse the types of bets that are on offer for your chosen sport; see which bets interest you and compare and contrast the odds. Do the probability in your head, or check out stats and figures for previous matches to get a better insight, and then place your bet. Your winnings are based on odds. For example, if the odds are 2.00 (or 2/1), then you will pocket your original stake back, plus the same amount again, if you bet just 1.00. Naturally, the events with higher odds of 8.00 (8/1) or more are of course, far more attractive. These though, do have far less chance of success.

The types of sports you can bet on

There’s a whole host of sporting events that you can bet on nowadays. Horse racing and football make up the two most wagered on sports in the world. There is a host of other sporting events that you can bet on though, that include American football (gridiron), baseball, basketball, boxing, cricket, cycling, darts, futsal, Gaelic sports, golf, greyhounds, horse racing, ice hockey, motor sports (such as Formula One and Nascar), rugby league, rugby union, snooker, speedway, tennis, virtual sports, UFC, volleyball, winter sports and many more.

Enjoy yourself

Lastly, now that you have got yourself set up at an online sportsbook, it is time to have a little fun. That word is important. Online sports betting is supposed to be fun. The second it stops being fun, stop wagering. With the right knowledge and a bit of skill, you can enjoy playing the sports betting markets and have a lot of fun doing it.

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