sports betting

What is Sports Betting and How to Get Started?

One of the most popular types of online gambling is sports betting. Not only is it very easy to get into, but there are numerous bet types and sports to bet on. We created this article to give you important sports betting information and help you get started. We’re going to touch on quite a few things, so let’s go ahead and get started.

What is Sports Betting?

Sports betting is when you wager money on the outcome of a sporting event. There are even some bets you can place on various things happening during a live game. Every place will have different rules and practices, but this kind of betting is great for those that want to take a risk on their favorite sport. While you can win a decent amount of money doing these types of bets, remember that you can also take a big loss because sports are so unpredictable. 

What are Odds and How Does it Work?

Betting odds tell you how likely it is for something to happen and gives you the ability to figure out how much you’ll win if it does happen. For example, if the bet you’re looking at says it has odds that are 5 (or 4/1), it means there is a 20% chance that you’ll win 円4,000 for every 円1,000 you bet. These are a good thing to use to try and figure out how much you’ll win, but there’s always that chance that you’ll lose money instead.

Differents Types of Bets

One of the most important parts of sports betting is the different betting types. With so many options, it can be hard to figure out which one you should bet on. The types below are the most popular ones and each has plenty of information to give you a thorough understanding and help you figure out which one will bring you the most winnings.

Win/Moneyline

This is one of the most common and easiest bets to win. All you have to do is place a bet on the team that you think will win. If they win, then you get your winnings. If you see a minus sign in front of a price, then that means that team is the favorite to win. It also tells you how much you need to bet to win 円1,000. If you see a plus sign, it means that team is the underdog. It doesn’t matter how much the winning team wins by, you’ll get paid as long as you placed a wager on the team that actually won.

Totals/Over/Under

A Total or Under/Over bet is where the sportsbook predicts a certain statistic, like the total of both final scores, and bettors will bet on whether the actual number will be equal, over, or under the prediction. One of the great things about this is it’s extremely easy to learn and it doesn’t matter who wins or loses. It doesn’t matter how close you were to the actual number as long as you bet correctly. If you’re just starting out with online sports betting, it’s a good idea to start with one of these bets or a moneyline bet.

Point Spread

While this type of bet is a lot harder to win, the winnings can be more lucrative than most other bets. To win this type of bet, the winning team needs to win by a certain number of points or goals or they have to not lose by a certain number of points or goals. It might seem easy, but this number has to be exact and there isn’t any wiggle room. You might have a better time betting if you do your research and make sure you look at the past games of the teams playing. From there, you should be able to make a guess on who will win and how much they’ll win by.

Futures

A future bet is where you put a wager on any sporting event that will happen in the future. There are many different bets you can place with future wagers, but you have to remember that a portion of your funds will be tied up because the wagers need to be paid at the exact time they’re placed. Some of the most common future bets are those that are placed on big events like the SuperBowl or the Soccer World Cup. Bettors will get fixed odds on the team that eventually wins and they can’t change their wagers after they pay for their bet.

Parlays / Combined bets

The final type of bet is a parlay bet. This is another wager that’s extremely popular. The bettor takes multiple bets and combines them to make the same bet. For example, if someone wants to bet 円10,000 on 3 different games, they’ll win if all three bets are correct. If any of the bets is not correct, then the entire parlay will lose. Since it’s multiple bets, this type of wager can bring in a decent amount of winnings. On the other hand, losing could mean you lose a large sum of money. If you’re someone who doesn’t have a whole lot of experience, you should be extremely cautious with this bet. This is even true for those that have been betting online for a long time.

Live Betting

With live betting, you’ll be able to see the sport in real-time. This lets you see exactly what’s happening and put in any bets based on how the game is going. Keep in mind, you can put bets in until a certain point in the game. This means you could end up losing if things take an unexpected turn. Even with that said, live betting usually gives more options and flexibility that many people are looking for.

What Sports Can I Bet On?

Different betting sites are going to have different categories, but most of them will have a lot of the same options. The items below are the most common sports that people bet on, but keep in mind that some websites might have other options available. Make sure you’re looking at what’s offered for every site you’re considering.

Betting on soccer

Soccer is one of the most popular sports that people bet on. The 4 most common types of bets for this sport are point spread, moneyline, over/under, and prop bets. Out of these, though, the most popular bet is the point spread. There are other types of bets that can be placed on soccer and they offer many ways of winning. Depending on the game, you might find some wagers that will give a huge payout if you win the bet.

Betting on baseball

With baseball, bettors tend to choose almost every type of wager. There are so many different aspects of baseball and this opens up a new opportunity for special or prop bets. While many people will bet on the final score, there’s just as many that will bet on things like catches a certain player does or how many foul balls will occur. It’s all going to depend on the betting site you’re using, so make sure you find out which bets they offer and whether or not prop or special bets are allowed.

Betting on rugby

Rugby has quite a few different wager types, but the most common ones are first try scorer, first scoring play, match result, winning margin, and handicap bets. One of the most popular prop bets has to do with how rough the game naturally is and lets bettors wager on things like scuffles or full on fights. They can also bet on things like the number of yellow flags, who gets the first flag, number of penalties, and types of penalties. It’ll differ from betting site to betting site, but there should be several different wagers to choose from.

Betting on tennis

There are plenty of wager options if you want to bet on tennis, but the most common ones are moneyline, game/set spread, and over/under. It’s a good idea to use multiple sites if you’re betting on tennis because you’re going to end up with more winnings in the long run.

Horse Racing Betting

Betting on horse racing has been going on for a very long time and a lot of people like doing it. There are many different types of bets, but the most popular is betting on the winning horse. The exact amount you win will depend on how much you wagered. The great thing about horse racing is that there are many things you can look at to get an idea of which horses you should bet on. Some of the things bettors use are what gate the horse is at, who the jockey is, who the horse is, and who the horse was trained by.

Betting on sport events

This type of betting is specifically used when a sporting event is taking place. This refers to events like the Olympics or the Soccer World Cup. There are some betting sites that will offer bets on sporting events that aren’t as mainstream, such as WrestleMania or the PGA Championship. Most of the bets have to do with the big things like the winner, the final score, number of goals, and player statistics. Some prop bets could include things like injuries or penalties. Look at what the site offers to see what kinds of bets they have available and if there are any restrictions to them.

Differences Between Offline and Online Sports Betting

Sports betting can be done online and offline, depending on your personal preferences and needs. To help you figure out which is best for you, we’ve talked about some of the differences between them both. Hopefully, these differences will give you a better idea of which type would work best for you and your situation.

Wager Types

For the most part, if you’re doing sports betting offline, you’ll only be able to do straight bets like moneylines, totals, or spreads. There are some that might take others like parlays, but you’ll probably have a hard time finding one. Online betting sites have so many different options and there’s a good chance that they’ll have a bet for everyone. They even have something called live betting, which we’ll talk about below, that has even more types of bets. It comes down to what kind of bets you want. If you’re someone that wants several different wager types to choose from, then online betting is going to be your best bet.

Available Sports

Another big difference between online betting and offline betting is the available sports to bet on. Most offline betting agencies will only cover the major league sports, college sports, and a few international leagues. On the other hand, many online sites will have a lot more to choose from. In addition to common sports such as soccer, rugby or baseball, online betting sites also offer betting on games like cricket and professional wrestling. Some will even offer other areas for betting like politics and entertainment. This means you can try other areas if you want to bet on something along with your normal sports betting.

Promotions & Bonuses

One final difference is that online betting sites tend to offer a lot more bonuses and promotions. These are usually a lot more rewarding and lucrative. The main reason for this is because there are so many sites online fighting to be on top. They want to make their promotions and bonuses better than the other sites out there. This is good news for you because you can use those to try and win more money. One of the biggest promotions that’s run by online sites is freebets that will let players bet for free. Most offline places will have very few promotions going and there’s a very slim chance that they’ll offer something like free play.

Bonus and Promotional Offers

Every betting site is going to offer some kind of bonuses and promotions. Some will have better offers, while others might only have a few. Listed below are some of the most common types of bonuses and promotions that people use and look for. Take a look below to get an idea of what offers might be available to you. Remember, it’s not guaranteed that every site will have these, so check out the current offers of any betting websites in our bookmakers’s ranking.

Sign Up Bonus

A sign up bonus is only given 1 time and it’s for those that are creating a new account. Some sites will give you this bonus for free so you can try out the betting. Other sites will have some requirements, like depositing a certain amount or placing a certain number of bets. You might think you can get this bonus by signing up with multiple accounts, but this isn’t a good idea. If you’re able to sign up, you can risk losing everything if the site finds out that you’re being fraudulent.

Matching Bonus

Many players love matching bonuses because they get free money to play with. The way it works is very simple and the online site deposits money when you do. Some will offer a 100% match bonus, while others will only do a smaller amount. Some of these bonuses have restrictions and you can only get it if you do things like deposit a certain amount or place a certain number of bets. They might also only offer the bonus if you bet on certain sports or place a specific kind of wager.

Freebets

Free-play promotions are where the online site offers players a certain number of free bets. These are usually offered to those that have been using the site for long periods or have spent a large amount of money. Some sites will offer a limited number to new players or those that don’t place a lot of bets. Some of these bonuses might have restrictions depending on the site offering them, some of which include using them on certain games, doing specific wager types, or betting a certain amount.

Referral Bonus

The referral bonus is great for those that have been on the website for a long time. They’ll have a specific referral link that you can share so people can sign up under your name. This bonus works by giving you a certain reward every time someone uses that link to sign up. Some sites will have a maximum amount in a certain amount of time, while others will let you have an unlimited amount. The reward is usually 1 of 2 things. The 1st is a fixed amount every time someone signs up. The other is an amount that’s calculated based on how much the person who signed up under you deposits.

High Roller Promotion

There are a couple different versions of the high roller promotion. The first version is when a new player gets a bonus for making a deposit that’s quite a bit larger than the normal or average amount. If this is the case, then the bonus is only awarded that 1st time. The other version is for returning players that have been a continuous high roller. To meet these requirements, you’ll have to do things like deposit a certain amount a month or make a certain amount of bets a month. It’ll be different from online site to online site, but you should be able to find this information right on the website.

Payment Method Bonus

Another popular bonus is the payment method bonus. To get this, you have to make your deposits with the payment method specified. Some will only give you this on your very first deposit, while others will give it to you every time you use that payment method. Some sites will only offer this for a single payment method, but others will offer it for a few different options. They might have different bonus amounts for different methods, but it will say right on the payment method page if this is the case.

Reload Bonus

A reload bonus is where you get rewards for reloading your balance. Like the other bonuses and promotions on this list, some might only allow this for the first reload and others might offer it every time you add money. You’ll also want to see if there’s different bonus amounts for different deposits. You might find that a bigger deposit gives a better bonus than a smaller one. There might be restrictions in terms of how many times your reload and what payment method you use. This is another piece of information that should be right in the description of the bonus.

Holiday Promotions

Holiday promotions is another popular type of reward. These happen around holidays and can be several different options. The most common ones are free spins, extra money, or free bets. Some sites will have you place bets and collect certain things, while others will just give the reward to loyal or active players. They might require you to be a member for a certain amount of time, deposit a certain amount of money in total, or make a certain number of bets. To get the exact terms and conditions, check out the website information.

How to Choose a Sport Betting Site

With so many betting websites available, it can be hard to choose the best for your needs and preferences. To help you narrow your choices down, we’ve put together a little list of things you should look for before choosing. Before you start using any of the online bookmakers you should check all these points before depositing any money:

Reputation and License

The first thing to look at is the reputation and license of the betting site. For starters, you want to make sure they are completely legal and have all of the licenses and requirements they need. If you bet with a site that doesn’t, you could end up with serious legal consequences. To find out what kind of reputation the site has, you can look at online groups or check out online forums. Most of the people on them will give you the honest truth and a really good idea of what you should expect.

Odds

The next thing you want to consider is what kind of odds the site has. Every site is going to have different odds and you want to find the one that can give you the best winnings. Every site should have an area that tells you what the odds are for specific sports and wagers. You can compare multiple sites at once and make your decision based on what the numbers look like. To increase your overall winnings, you should consider signing up with multiple different sites that have high odds.

Available Sports & Betting options

You’ll also want to check out the different sports and bet types available. If you’re just looking for a few mainstream sports and basic bets, then you can find a site that focuses on these. On the other hand, you’ll want to look for different sites if you want to bet on sports that aren’t very popular or exotic bets that aren’t just focused on the score. You should be able to find this information before you ever sign up and you can reach out to customer service with any questions you have.

Bonus & Promotions

People absolutely love bonuses and promotions, so you want to find a site that has plenty to offer. Since there are so many options out there, you’ll want to look at what each site is offering. Make sure you research the promotions and read any information that’s included with them. You’ll also want to double-check to see if there are any certain requirements or restrictions you need to meet to actually get the bonus.

Deposit & Withdrawal Methods

One final thing to look at is the type of deposit and withdrawal methods offered by the online sports gambling site. Some will have plenty of options, but others might only offer a couple different methods. This is common with online sites that are based in different countries. Before signing up, make sure you go to the payment methods page and look at what is available. There might also be fees with some of these payment methods, so make sure you check that too. If you don’t see anything about it, you can reach out to customer service if you have any concerns.

How to Get Started with Sports Betting?

The great thing about online sports betting is that it’s extremely easy to get started. The first thing you should do is look at all of the betting sites available. Once you do that, you’ll want to check out all of the information available on the website, so you know exactly what to expect. Use this information to choose the best betting site and create your account. After signing up, you’ll be able to make your deposit and start playing!

Frequently Asked Questions About Sports Betting

How to bet on sports online?

You just need to register to one of the online bookmakers mentioned in our ranking, deposit money then place your bet on the team of your choice

What are odds? 

Odds represent the likelihood of an outcome occurring. In sports betting, each team is assigned odds that represent the likelihood of them winning the game. When the odds for two teams are even, meaning 1 to 1, it means that each team is equally as likely to win the game.

It’s not illegal to bet online on sports on foreign based bookmakers. All online bookmakers mentioned are based abroad and are operating under a licence from countries such as Malta or Curacao.

Can I bet for free?

Some online bookmakers might offer a free bet to new players without any deposit required but that’s quite rare, most betting sites will require you deposit money to unlock a welcome bonus.