This form of sports betting and the local betting shops are still very popular, but most of the revenue in sports betting is now made on the Internet. You can not only bet on the outcome of a game but on almost every conceivable event that could take place during a game - such as the halftime score, who scores the first goal, which horse arrives second, how many points a certain player in basketball throws or which player drives the fastest lap in a Formula 1 race.
In our guide we will only cover sports betting on the Internet. Because online the options are incomparably more extensive than the betting shops that can be found on the street. Most bookmakers differ mostly in the selection of games and in some details. Practically all betting sites allow you to bet on all common sports — football, soccer, tennis, basketball, Formula One, golf, handball and all major sporting events are always represented by all providers.
If you are looking for some off-the-shelf sports, such as surfing, greyhound racing or badminton, you may have to search a little, but these are also covered by some providers. The biggest difference between different providers are the odds they offer. There can be noticeable differences here. The odds are calculated in different ways by the individual betting. It is definitely worth comparing which bookmaker offer the best odds, because these are by no means identical for all bookies.
The most important feature of a good online bookmaker are good odds. All bookmakers leave a certain house edge when offering bets. This means that if, for example, you bet the same amount on a win, a draw and a loss in a football game, you will automatically lose money. The amount of this loss is the house edge for the bookmaker. The more the provider keeps to himself, the worse his odds are.
Thanks to the highly competitive market on the Internet, most providers of online sports betting have very good odds for popular sports anyway, because otherwise the players would simply pick another bookie. For more unusual sports however, you should always take a good look whether the odds are reasonably realistic.
Outsider bets in particular are chronically overprized at most bookies. For example, at the Football World Cup the odds for the biggest outsider to win are usually 1 - at most bookies. That means you get back times the bet if the outsider wins.
Realistically, however, the likelihood that a team like Saudi Arabia will win the World Cup is much lower. It is often worthwhile to check different providers of sports betting for the best odds. The unlikely championship of Leicester City in England in at the beginning of the season the team was considered the number one relegation candidate brought in a small fortune for some enthusiastic sports bettors because they found a bookmaker with odds of 1 - for the Leicester championship.
The Online sports betting sites listed and tested by us fulfill these criteria at least satisfactorily, so that you are on the safe side with them. We do not recommend dubious providers who are not licensed within well reputable territories. Although everything may turn out well in most cases, it has already happened that players have not seen their funds again, or that the providers have canceled bets, which otherwise would have had a very high payout.
Take the La Liga game Barcelona vs. Real Madrid for example. The odds indicate how much you receive if the result happens. The lowest possible odds are 1. There are no upper limits to the odds — the Leicester Championship for example hat odds of roughly 5, In the Anglo-Saxon region, the odds are given a little differently.
The British betting providers work with initially somewhat confusing fractions and the Americans work with positive and negative numbers. The odds in the UK system indicate the factor by which you have to multiply the bet to find out your winnings. Does it sound confusing? In the end it is relatively easy. The American odds work with positive and negative numbers.
Fortunately, we live in modern times and if the different odds systems are a little confusing, you don't have to despair because most sports betting sites on the Internet allow you to convert the odds with a simple click so that you can work with the system which you understand best. Most providers of online sports betting limit the stakes so that they do not lose too much in case of an unlikely event. Let's take the example of the Leicester City Championship again.
With odds of to 1, most betting sites would allow a maximum of a couple of Euros on that bet, otherwise the risk for the provider is a little too high. Bets on regular events, like single games, also have limitations, but here the limit is significantly higher.
In order to prevent betting fraud, however, all stakes are limited to a certain size. In the past, games in low leagues have been fixed. For example, if a betting site sees that several thousand Euros are bet on some in the third league game, mechanisms that prevent further bets usually take effect, since such bets could involve possible betting fraud and match fixing. Another mechanism that many sports betting sites use is the so-called dual lines. This is a mechanism that offers certain players different odds than the rest of the player pool.
Although this is a very common procedure, it is rather unpopular and very controversial among players. Usually, this works like this: If a player performs very successfully on a betting site, it starts to offer him worse odds than it offers the other players. The site wants to ensure that the player does not win too much. As a rule, this only affects professional sports bettors who spend thousands of euros a day on the site.
However, since there are players who earn a handsome income from sports betting, there are also players who are affected by these so-called dual lines. When you're just starting betting on sporting events and are looking for a new provider, most bookies make it very easy for you. Many online bookmakers offer a bonus to new players. The amount of this bonus is often based on the amount of the first deposit.
Such a bonus could be something like: percent up to euros on the first deposit. This means that if the player deposits euros, a further euros will be credited as a bonus. The player must wager the bonus before they can withdraw it. The bonus often has to be wagered between three and five times on bets which have a certain minimum quota mostly between 1. That means, before you can pay out a bonus of euros, you have to make bets totaling - euros.
However, you have several months to do this. Compared to the bonus conditions that you find in casino games or online poker, for example, it is very easy to actually clear the bonus. If you make a deposit with the intention of betting on many events, you will automatically clear the bonus. There are some providers who also advertise that you get a small bonus without any deposit. Reals bets without having to deposit sounds fantastic. However, such a no deposit bonus is usually linked to a lot of conditions and as a player you have to go through a lot before you can actually see any of the bonus money in your account.
Such a no deposit bonus is usually very small at best ten euros and has to be wagered very often sometimes over 20 times before it can be paid out at all. Meaning, you shouldn't consider such a bonus as a source of income, but much more as some form of play money to get to know the platform.
If you are serious about sports betting and want to make money, you shouldn't spend too much time hunting for no deposit bonuses. In order to be able to pay out the money in the end, you still have to make a small deposit by credit card or bank transfer - if you have actually managed to clear the bonus - to legitimize yourself.
Because without proof of identity, no reputable provider pays out any profits. It is very easy for bookmakers to make profits from sports betting. For one thing, bookmakers know the market and games a lot better than most human players. They can estimate odds and probabilities much better than most players who bet rather emotion driven. A player who supports a team quickly misjudges the odds for emotional reasons and accepts far too low odds.
Furthermore, all sports betting providers have a built-in margin. No bets have a payout ratio of percent. Online, most sports betting providers have a payout ratio of around 95 percent, so that in the long run the providers keep around five percent of all bets as winnings. As player, you don't necessarily notice anything about this payout ratio, as you can only see the odds. In addition, the providers of online sports betting observe exactly what is happening on their platform.
If a lot of players bet on an outsider, the odds will be adjusted and reduced very quickly. Once all your demographic information has been submitted, your account is made. It would be wise to take advantage of any and all promotions offered throughout your sports betting experience.
When a sportsbook hands out free money, take it! Familiarize Yourself with Betting Rules If you did not get acclimated to the rules of the various types of bets before making your account, now is the time to do so. Never assume you know the rules of a bet before placing a wager. You can check out our betting section for more advice! Set a Budget One of the biggest mistakes that novice sports bettors make is not setting or sticking to a budget.
The most important rule of any form of gambling is this: Do not risk what you cannot afford to lose. Thus, they are likely to bet an exorbitant amount of money on such a line relative to their usual bets. If that bet does not cash, they find themselves stuck in an awkward situation.
When you click on the line you want, you will be taken to another screen that will ask you if you want to place the bet as a straight wager, or as part of a parlay or teaser. Once you enter your amount, you will be notified of what the payout for a winning bet would be.
Good luck! Mike Spector is a featured writer at BettingPros. Betting , Betting Tips , How-To.
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