Sports betting is something that has developed greatly in recent years, especially online and we are here to provide you with sports betting help. Due to the huge number of online bookmakers, betting markets and sports available, it can be difficult to know where to begin when learning sports betting.
We are here with comprehensive online sports betting help, beginning with a brief look back at the history of sports betting.
The history of sports betting can be traced back to the ancient Greeks and the Romans. The Romans liked to bet on the gladiator games and despite facing difficulties during medieval times, betting became popular in the United Kingdom, especially at horse racing events. Gambling soon spread to the United States where it became a favourite pastime for many people.
Betting shops soon became widespread across the planet but nothing has changed the world of sports betting more than the introduction of the internet. You no longer have to visit your nearest betting shop to place a bet, it can be done from the comfort of your own home.
2. Sports Betting Markets
When learning how to place a bet, you must understand the different types of sports betting markets available. Below you will find a list of the most common sports betting markets along with a brief description of how they work. How to learn sports betting begins with knowing the jargon, including betting markets.
They include your stake as a part of your total return - to calculate return, multiply your stake by your odds
They are the ratio of the amount won to the stake, they are most popular in UK and Ireland
These are the amount won on a 100 stake when positive and the stake needed to win 100 when negative
Single - This is a bet on an individual selection, such as Liverpool to win the Champions League or a specific horse to win a race.
Place - This is a bet that will give a return if your team/horse finishes in a certain number of predetermined positions. For example, it could be in the top three or top four.
Accumulator - An accumulator bet involves choosing a number of selections and combining them to make one overall bet at new odds.
Handicap - A handicap bet works by giving an advantage or disadvantage to one side of the bet. For example, when Manchester City play Burnley at home, the handicap betting market will give Burnley and advantage, such as a 2 goal lead and you can bet on them to win this advantage.
Spread - When spread betting, you predict a result and the winnings you receive is based on the accuracy of your prediction. This betting market is commonly used on American football and basketball.
Understanding how Asian handicap works is very important in sports betting!
3. Sports Betting Rules
Before you begin betting, it is important you have a good understanding of the sports betting rules. These can differ slightly between bookmakers but the general practice is the same regardless of where you place your bets.
If you visit any good online bookmaker, you will see a link to the terms and conditions and that's the best place to begin when learning sports betting rules. However, there is another set of rules you should use when sports betting and they will help you have the greatest chance of placing a winning bet.
Keep Your Discipline - You should never bet more than you can afford and if you lose a bet do not go chasing the next bet to try and win your money back.
Understanding - Never place a bet on a sport or market you do not understand.
Knowledge - If you have specialist knowledge in a particular sport, use it.
Research - Always complete thorough research before you place a sports bet. There are plenty of resources available online full of statistics.
Bonuses - Every good online sports bookmaker will have a welcome offer. You should always be taking advantage of these as they will increase your bankroll, often doubling the amount of your first deposit.
If you walk into a brick and mortar betting shop, you are highly unlikely to be offered a bonus on your first bet. However, if you create a new account at an online sportsbook you will be eligible for a bonus. You can find the best bonuses by using a website such as JohnnyBet or BonusCodes. By using these websites, you will not only find the latest promotions but also have access to exclusive bonus codes unavailable elsewhere.
Sports Betting Bonuses
No Deposit Bonus
Free bet given to a player for the registration only
Bonus given to a player after making a deposit
Bonus given to a player usually on a given day of the week
Cashback given to a player for their won/lost bets
Betting online can seem a little daunting for newcomers due to the huge selection of bookmakers. When trying to decide which online bookmaker to use, we advise you to read our reviews and then make your choice. It is important to consider your selection carefully as you may want to bet on a specific sport or market and not every online bookmaker may carry the one you want. It is also advised to choose a bookmaker basing on our articles where you can make a good use of your sports betting strategies and systems.
5. Is Sports Betting Safe?
Again, this is a question we often receive from those requiring online sports betting help and it is extremely important. You should only bet at an online bookmaker that carries a licence to operate in your country or state. Doing so means you know the bookmaker is being monitored by the gambling authority and you are safe.
Depositing and withdrawing funds is another key area of online sports betting safety. The online bookmaker of your choice should have a good selection of payment methods including credit and debit cards, e-wallets, and prepaid cards. More online bookmakers are now choosing to include PayPal and cryptocurrency, both of which are safe payment methods.
We also advise new online gamblers to contact the customer support team of the bookmaker before placing a bet. If it is easy to get through and speak to a member of the support team you know you are in good hands.
6. Is Online Sports Betting Legal?
The answer to this question will be based on your location. For example, online sports betting is legal in the United Kingdom but bettors will only have access to bookmakers who have received an official licence from the United Kingdom Gambling Commission. However, head over to the United States and things that are a little different. Due to a recent change in the law, each individual state is now responsible for their own online sports gambling regulations and they differ from state to state. Therefore, you will need to check the rules of the state in which you reside before you begin betting.
Many European countries will accept online bookmakers that have a licence from Malta or Curaçao. The best sports betting help we can offer in this respect is to check the local regulations where you live, as they differ in each country.