Why should I do sports betting?
If you greatly enjoy gambling, sports betting might be the way to go. Many smart bettors are choosing sports betting for its better odds. After all, sports betting bookmakers are not making a fixed percentage, which in turn increases your odds of winning. Of course, this is not to say that you are going to win every time, but sports betting is based more on your skill level than just sheer luck. In turn, some even call sports betting the best type of gambling. If you are a serious gambler in hopes of big long-term profits, you might thus want to pursue this type of betting. Moreover, one of the other main advantages is that it is easy to advance from a beginner to a real pro in the field of sports betting. Casual gamblers will find sports betting to be a field that is great to start out in. After all, all that it
takes is a small stake to get started. Moreover, getting better and better is not that difficult if you are a sports enthusiast and know your chosen sport well. For all of the relevant information that you will need to make an educated bet is available online. Moreover, you should not only read up on your favorite sport, but should also consider familiarizing yourself with some basic mathematical concepts, which are involved in sports betting. Understanding odds as probabilities is one field of knowledge that can greatly aid you in placing a winning bet, for example.
What will I find on this betting site?
If you have been pondering whether sports betting is for you, you have come to the right place. We provide you with all of the information that you require in order to become an educated gambler and increase your chances of winning. Please refer to the following list of topics to learn more:
- How does sports betting work?
- Why is sports betting so popular?
- What are the cons of sports betting?
- Which risks are involved in sports betting?
- Is sports betting legal?
- What is live betting?
- The different types of sports bets at a glance
- What sports betting bookmakers are there?
- What are the differences between the different sports betting bookmakers?
How does sports betting work?
When making a sports bet, the sports betting bookmaker will benefit from all losing bets and collect a commission on these bets. Factoring the commission of the sports betting bookmaker in will yield the respective odds. For example, the odds might be 11 to 10. This is to say that you would need to bet $110 in order to make a profit of $100. If you placed a bet of $110 on your favorite soccer team winning and they actually won, you would then be able to collect a total of $210, which includes a profit of $100 as well as your initial bet of $110. Keep in mind that any sports betting bookmaker will be interested in an equal amount of bets being placed on both teams in a soccer match, for example, since this will ensure that the bookmaker can collect the same amount of commissions no matter which team ends up winning. In turn, the odds will most likely be such that they make sports betting on either team equally as attractive. As such, it quickly becomes clear that the odds, or point spread, have nothing to do with which team is more likely to actually win the game. Rather, the point spread for most sports bets is chosen so that the betting is distributed as evenly as evenly as possible, which works in the favor of the sports betting bookmaker. Hence, you should form your opinion independent of the point spread and not let yourself be swayed when placing your bet.
Why is sports betting so popular?
Unlike many other types of gambling, sports betting offers an even greater entertainment value. After all, you will be able to combine two of your favorite hobbies – sports and gambling. Since expert knowledge is required in order to place a winning bet, you will need to watch and research your chosen sport, which provides nearly endless entertainment in and of itself. For even more entertainment, you might also want to try live betting, which we are going to tell you more about in what follows. As has already been mentioned, it is not difficult for a sports fan to become a pro at sports betting and the odds are certainly more in your favor than in many other types of gambling, such as poker or other casino games. With sufficient due diligence, you can research all of the sports and betting background information that you need free of charge online in order to give yourself the advantage of expert knowledge. In turn, you will find that there are few barriers to turning pro, which is not the case with many other types of gambling. Also note that you will be able to make use of a mathematical advantage when engaging in sports betting. Assuming your educated guess of which team is going to win a sports match is correct, you are going to do better than the sports betting bookmaker in the long run, which is certainly not the case in casino betting, where you will be experiencing a mathematical disadvantage. The pros of sports betting at a glance
- It is easy to become a pro
- Better odds than many other types of betting
- Combine your love of sports with gambling
- Great entertainment
- You have a mathematical advantage in the long run
What are the cons of sports betting?
However, while there are many factors that make sports betting a great choice for you, this is not to say that there aren’t any disadvantages. Since we would like to paint a comprehensive picture, we are thus going to tell you about some of the cons of sports betting. For one, you should keep the limited betting opportunities in mind. After all, there are only so many soccer or NFL games that take place per week. Moreover, most sports are seasonal, which means that you will not be able to place any/ as many bets during off-season. Moreover, games might be canceled due to unfavorable weather conditions, which makes it more difficult to make a living off of sports betting. Moreover, you should note that it is hard to become an expert in more than one sport. Since expert knowledge is required in order to increase your odds of making a profit, you will need to first acquire this level of expert knowledge, which can be very time-consuming. The cons of sports betting at a glance
- Limited betting opportunities (based on the schedule of your favorite sports league)
- It’s more difficult to make a living off of sports betting
- It is hard to become an expert in more than one sport
- Acquiring the expert knowledge required can be very time-consuming
Which risks are involved in sports betting?
As with any type of gambling, you run the risk of becoming an addict with sports betting as well. Especially if you are having a lucky streak and have been able to accrue a sizeable amount of profits, you might get greedy and not know when to stop. However, this is a risk that you can avoid by setting rules for yourself and adhering to these rules. You might give yourself a limit as to how much you are going to bet at most or what your monthly betting budget is. Moreover, not betting anything above what you can afford to lose can also protect you from some of the risks of sports betting. Moreover, you should make sure to familiarize yourself with your chosen sports betting bookmaker before you create an account and place your first bet. Unfortunately, not all bookmakers can be trusted and some are out to scam you. In turn, it is important to read customer reviews and make an educated decision when picking a sports betting provider. Is sports betting legal? Whether sports betting is legal, will depend on your country of residence. In Great Britain, sports betting is legal, for example, and the UK sports betting market is one of the largest in the world. Moreover, all professional bookmakers will only offer sports betting to customers in countries, where sports betting is legal. In turn, referring to your bookmaker’s list of eligible countries can tell you whether sports betting is legal in your country. However, when it comes to the US market, the situation is a little more complicated, which is why US sports bettors are excluded form most online sports betting sites. Since there are different federal and state laws in place, you will have to check whether sports betting is legal in your state or whether there is statute forbidding such activities. Yet, US laws regarding this subject are rather unclear, wherefore it is difficult to provide a definite answer on the matter. What is live betting? Live betting or in-play betting means that you will be able to make your sports bet while a sports game is still going on. Live bets can be made anytime between the start of a game and its conclusion. In fact, some bookmakers even offer live streaming in order to make it even easier to place a live bet. Moreover, live betting offers dynamic and changing odds, since they are adjusted according to the course of events. This type of real-time betting thus offers a lot more excitement than regular sports betting, wherein your bet needs to be placed before the start of the respective sports game.
The different types of sports bets at a glance
Different bookmakers will commonly accept wagers and then issue a profit to all winning gamblers. While bookmakers thus take on the role of a sports bet market maker, there are different types of sports bet that you can place. In what follows, we are going to tell you more about the most common types of bets at a glance:
- Moneyline Bets: no spread or handicap, higher odds for the underdog
- Spread Sport Bets: bookmaker determines the spread (see example above), most common types of sports bet, similar odds for both teams so that the bookmaker makes a big commission
- Proposition Bets: betting on a specific outcome, i.e. how many goals a team will score in a soccer match
- Parlays: includes multiple bets, bigger profit if all bets win than if the same bets had been placed individually (there are different types of parlays)
- Live Betting: placing a real-time bet while a sports event is in progress
What sports betting bookmakers are there?
If you are eager to place your first sports bet, you might want to know more about the different sports betting bookmakers. As a starting point, we would thus like to provide you with some of the names of the most popular sports betting bookmakers below (in no particular order):
- William Hill
- betway sports
- 888 sport
- sky Bet
What are the differences between the different sports betting bookmakers?
While most bookmakers work in a similar manner, you might find that they offer different welcome bonuses to new customers. If these incentives are important to you, you should thus definitely take the time to compare the different bookmakers. Moreover, since bookmakers determine the point spread themselves, this spread can vary from bookmaker to bookmaker as well. Moreover, not all sports betting websites offer mobile betting or live betting, which you should keep in mind if either is important to you. Also consider where your chosen bookmaker is based. Many sports betting bookmakers are based in Gibraltar or Malta, while others have their corporate headquarters in the UK. If you ever run into problems, a sports betting bookmaker that is based in your country might in fact be the better bet. While some bookmakers guarantee the best odds, this is not always the case. In turn, reading through different customer reviews will give you a sense as to which sports betting website is right for you.