It is not surprising that with the increase of online sports betting popularity in recent years more and more players want to get into the industry. If you’re new to the world of sports betting, it can seem overwhelming at first. But don’t worry, with a little guidance, you’ll be placing bets like a pro in no time. We came up with this guide into sports betting for beginners, which covers everything you need to know – the fundamentals of sports betting, types of bets, and even some tips.
Sports Betting Fundamentals
The whole point of sports betting is to predict the outcome of a sporting event and place a bet on that prediction. The choice of sports to wager on is immersive, from the most popular football, basketball, baseball, and soccer to hockey, tennis, and cricket – check out our crypto cricket betting markets and odds and try live betting today! But before you rush into the action, there are a few things you should know and consider.
Moneyline bets mean wagering on the winner of the game. This type of betting is the simplest and most popular among bettors. Moneyline odds are set by the sportsbooks based on how each team is likely to win: the favorites have a negative number and the underdogs have a positive number.
If you want to bet on the margin of victory or defeat for a game, spreads are what you need. Also known as the “betting line”, this type of bet is usually a number, set by the betting site. Positive spread means the team is expected to lose by that amount of points or less, negative spread – team has to win by that number of points.
This type of bet means wagering on the total number of points scored in a game. After a line for the total number of points scored is set by the casino, you can bet on whether the actual total will be over or under that number.
Favorites vs Underdogs
When betting on sports, you’ll often hear the terms “favorite” and “underdog.” The favorite is the team or player that is expected to win, while the underdog is the team or player that is expected to lose. Betting on the favorite will usually result in a lower payout, while betting on the underdog is the complete opposite.
Betting Market and Types
One of the reasons sports betting is conquering the gambling world is a variety of markets and types of bets available. Let’s take a closer look at some of the most popular options.
- Match Result – wager on which team will win the match. It’s simple to understand and can be a great place to start for beginners.
- Handicap is when a sportsbook gives an advantage to the underdog to even out the playing field. Handicap betting can be a good option if you want to bet on a team that is not favored to win.
- Correct Score. This is a bet on the exact score of the game. This type of bet online is challenging to win, but the payout is typically higher.
- Goalscorer – a bet on which player will score the first, last, or any goal in the game.
How to Place Your First Bet
Now that you understand the basics of sports betting, it’s time to place your first bet. Here are the steps to follow:
- Choose a sportsbook: There are many online sportsbooks to choose from, so be sure to do your research and choose one that is reputable and licensed.
- Create an account: Once you’ve chosen a sportsbook, create an account and provide your personal information.
- Deposit funds: You can’t place a bet without any money on your account, so make a deposit. Most sportsbooks accept credit cards, bank transfers, and e-wallets.
- Choose a sport and event: Once you’ve deposited funds into your account, choose the sport and event you want to bet on. You’ll be presented with a list of available markets and types of bets.
- Choose your bet: Choose the type of bet you want to place and enter the bet amount. Double-check the bet slip to make sure everything is correct before confirming your bet.
Online Sports Betting Tips to Bet on Soccer
Soccer, also known as football in some parts of the world, is the most popular sport in the world and attracts millions of fans worldwide. It’s no surprise that soccer is also a popular sport to bet on. Here are some online betting tips for football games:
- Do Your Research. Look at the team’s recent form, their head-to-head record, and any injuries or suspensions. You can find this information on sports news websites or even on the sportsbook you’re using.
- Consider Home Advantage. In soccer, playing at home can give a team a significant advantage. Before placing a bet, consider the home team’s record at home and the away team’s record on the road.
- Pay Attention to the Weather. Rain and wind can make it difficult for players to control the ball, while hot weather can lead to fatigue and cramps. Be sure to check the weather forecast before placing your bet and consider how it may impact the game.
- Look at the Odds. When betting on soccer, it’s important to look at the odds and potential payout. It’s also important to consider the type of bet you’re placing and the odds associated with it.
- Bet Responsibly. As with any form of gambling, it’s important to bet responsibly. Set a budget before placing any bets and stick to it and only bet what you can afford to lose.
Sports betting can be a fun and exciting way to enjoy your favorite sports, including soccer. However, it’s important to remember that it is a form of gambling, and there are risks involved. Be sure to do your research before placing any bets, and bet responsibly. Most importantly, enjoy the experience and have fun!