An Introduction to Sports Betting

Online sports betting

Lillie Mcguire
Posted on August 03, 2015 at 12:08pm

Sportsbooks can be daunting, whether they are located online or off. There is so much going on, from the flat screens showing multiple live events to the huge boards of numbers that appear to be in code.

There are tip sheets, racing forms, tickers showing hot news items, and often more than a few fans cheering or jeering as bets are won or lost. But what start off as intimidating can soon become invigorating as you learn the ropes of sports betting. Betting on sports is all about taking risks, tension, drama, elation and disappointment.

It is also about money. Lots of it if you’re lucky. At online sports betting sites, you can find ways to wager on just about any event with an undecided outcome, even if it isn’t technically a “sport.” That includes such diverse occasions as the verdict of a criminal trial or who will win the Big Brother, the results of the annual Music Awards, and who will be elected the next U.S. President.

You can even bet on financial markets rising or falling. With so many options available, the easiest way to get started in sports betting is to focus on one particular sport that you enjoy. For example, if you are a fan of Premier League Football and support Manchester United, you will have lots of ways to indulge. You can wager on each game, win or lose.

You can bet on corrects scores, or you can pick the Red Devils to win the cup even before the season officially kicks off with a so-called “Ante Post Bet.” There are online “betting exchanges” where you can wager directly against other fans on pretty much any proposition you can dream up—even what manager will be fired next.

And as you are watching the club play, you can make “in-running bets” on what will happen next—a penalty, an offside, a header, a corner, and so on. In the U.K., more betting takes place online for football than any other sport, and it is by no means limited to the Premier League or the FIFA World Cup. You can wager on teams in leagues as far away as Columbia and Japan. In the United States, football is also the number one betting sport, albeit the American version. Baseball and basketball are also huge, with odds set by experts located in Las Vegas and followed by bookmakers worldwide.

The terminology and expressions of sports betting may be confusing at first. Odds can be expressed in a variety of different ways, such as fractions 8/5 that tell you a win pays as profit of £8 on a £5 bet, or decimals that describe how much is returned in total, i.e. 1.80 returns £1.80 on a £1 bet or £180 on a £100 bet. Wagering prices usually start at just a pound or two, and many exotic wagers can be made for as little as 10p.

The best way to get familiar with sports betting is to give it a go, and be sure to take advantage of the “free bets” offered to new customers by most sportsbooks online. Betway welcome offer Sign up to Betway today and receive a CA $100 free bet.