If you’re looking at this type of sports betting sites guide for the first time you may still be on the fence about whether or not you should start using an online sportsbook. We hope this complete guide to using online sports betting sites will give you all the information you need to decide what type of bettor you want to be. This guide will cover everything from the basics of the sports betting process, to the types of bet you can make to choosing the right sportsbook for your personal needs.
The Basics of Using Sports Betting Sites
These next few steps we cover with provide you with the building blocks you need to become a true online sports bettor. One of the first basics you will need to learn is how to ‘read the lines.’ These lines will be determined by the sport you choose to bet on. For example, if you are betting on hockey or baseball betting is done with money lines. For football or basketball, bets will pertain to the point spreads.
If you’re new to sports betting sites, American Lines can be a little confusing for new bettors. Lines written in the American format can be somewhat counterintuitive as the positive numbers are used to indicate which team is expected to lose. A negative number means the team in question is favoured by the online sportsbook. We will also talk you through decimal lines. This basically gives you an approximation of how much you will earn in a return if you bet £1. Many bettors prefer decimal lines as they are easier to follow for newbies.
Sports betting is considered by many as one of the easiest forms of gambling, making it a great option for newbies. One of the main reasons why it is so easy to get started with sports betting is that you aren’t required to have anything more than basic knowledge. We’ll take a look at fixed odds betting, as this tends to be the most common type of betting on offer at sports betting sites.
Fixed odds betting is often described as the ‘traditional’ form of online betting. This refers to predicting what’s going to happen in a sporting event and then placing a wager on the selection. The term fixed odds is often used because the odds are fixed once you have placed your wager. There are five main components that go into a sports wager. These include parties of the wager, selection, stake, odds and payout.
There will always be two parties to a sports wager. If you are placing a bet at any sports betting sites, the two parties will refer to you and the bookmaker. In terms of selection, this refers to what you are betting on. Sometimes a selection doesn’t have to refer to a specific team or individual. There are a number of types of wagers that you can place. The stake refers to how much money you are risking on a wager. Most bookmakers will require bettors to place a minimum stake, but there is no need to worry as this is usually a very low amount.
The odds on offer for the bet you wish to place can often be different at various sports betting sites. These odds determine how much you will receive, relative to your stake if your selection is correct. Lastly, the payout is the total amount you will receive from the bookmaker if your selection is correct. Hopefully, this will help clarify what goes into making a sports wager.
Bets You Can Place at Sports Betting Sites
There are a number of alternative betting options if you are looking for something other than fixed odds betting. These include live betting, exchange betting, spread betting and e-sports betting.
Live betting is quite self-explanatory. This type of wager is still placed at fixed odds, however, with this bet you can place it during the event. In play or live betting definitely opens up a whole new way to bet and has quickly grown in popularity.
Exchange betting also uses fixed odds, however, there is no bookmaker involved in this wager. Instead, the two parties involved in this wager are both bettors. With spread betting, there is no fixed odds and your wager does not simply win or lose. With this betting option, you have to decide whether a number will be lower or higher than the bookmaker’s spread. The amount you win – or lose – will depend on your accuracy when it comes to how much higher or lower your chosen number is.
eSports betting is a relatively new betting option. This again is similar to traditional fixed odds betting, with one distinct difference. This type of bet does not involve wagering on a traditional sporting event. Instead, players who choose to make a wager on eSports will be wagering on competitive video gaming. There is big money in this business now and many of the competitive events and leagues are now available to watch online.
Choosing the Best Sports Betting Sites
When it comes to picking the best sports betting sites to wager at, there are a number of different factors you should always consider. These include:
- The history and reputation of a sports betting site
- Licensing and regulation of your chosen site
- How easy the site is to navigate and place bets on
- The range of sports and events on offer
- Selection of betting options
- Odds/line competitiveness
- Variety of deposit and withdrawal methods on offer
- How quickly payouts will occur
- Level of customer service on offer
While some of these factors may seem a tad basic on the surface, all of these factors will have a direct impact on your overall betting experience. If a site fails to perform in any of the highlighted areas, it cannot be viewed as a top-quality sports betting site.
If you’re still a little unsure about choosing the best sports betting sites, you can always read online reviews written by other bettors. This is a great way to see how well your chosen sports betting site treats existing customers.