How to place a bet

Casino games are a lot of fun, but only bookmakers give you complete freedom of choice. You are free to decide which sport you like, which sporting event you are most interested in, how much you wager and how many bets you place. While in a casino almost everything is determined by blind chance, in a sports betting game there is a huge proportion of your knowledge, logic and the ability to draw the right conclusions. In other words, betting allows your hobby to generate income for you!

When deciding on a particular bet, it is also a good idea to listen to your intuition, especially if you are betting on a sporting event that you are not clear about. Good judgement is the starting point, of course, but sometimes the voice of your intuition can yield even better results.

To make the right betting choices, it is definitely important to be knowledgeable about the subject. Before deciding on a bet, you need to gather as many facts as possible about the upcoming events, and then use them and your assumptions to make a specific betting move.

About the payout odds

Betting at any betting shops requires an understanding of how the payout odds are calculated. With an understanding of the basic odds, you can easily calculate the profits and make the right bet.

Different betting shops use different multiplier systems, but the most common are the European or decimal odds, which are common in Europe and Asia, as well as in Australia and Canada. The winnings under this system are calculated by multiplying the bet by the offered decimal odds.  Let’s say the current bet is $10 and the odds are 2.7. The bet needs to be multiplied by the 2.7 ratio and the result will be $27 with a net win of $17.

There is also an English odds system which is very common in sports horse racing in general and in England in particular. It is also called the fractional odds system and has the following form. In case there is, for instance, an odds of 17/10, it is necessary to place a bet of $10 and one can receive $17 if the outcome is successful. The 10/17 odds means that we have to bet 17, if we want to win $10. This system is quite convenient and easy to calculate.

In North America, as well as in some other online sweepstakes, American odds are used, which have a seemingly unusual appearance. They are represented by numbers greater than a hundred. For example, if odds +170 is set, a bet of $10 is made and the winnings are $17. A multiplier of -170 indicates that $17 must be wagered in order to win $10.

What do you bet on?

Sports betting differs first and foremost in its nature. By that, it is meant that bets differ primarily in what is being bet on. Of course, betting on the outcome of a football match, on which team will win the battle, is a natural and familiar kind of bet. But the development of sports betting leads to the worldwide availability of online gambling shops to their maximum potential. The customer has the right to bet today on the most unusual things in sporting events, down to how many goals a particular player will score or which team will have the honour of being the first to break the ball in a match.

The active expansion of the betting line-up allows the players to use many more objects for betting and to specialise in the finer points of the sports game. On the other hand, these betting offerings make the outcome less predictable, giving the betting game a lottery character. Agree that there is virtually no information about which team will be the last to play a corner. Therefore, these bets are akin to an unpredictable lottery. Of course, the punters have the right to choose their own bet, and can bet on the event they wish. The traditional and correct way to place a bet is always to choose which player or team will win, or to bet on a draw.

Additional advantages

It should be noted that the types of bets in most of the betting shops that exist today are fairly standard. But in any case, you should always read the terms and conditions of the betting shop of your choice carefully before you put your money on the line. Some of the betting shops may offer their customers special bonuses on certain types of bets, run promotions or provide other special services. This will undoubtedly increase your odds and give you a lot of extra benefits.

Using online betting allows you to take part in sporting events from the comfort of your own home. Moreover, it is possible to place a bet within minutes before the start of an event or match. This possibility allows you to use the knowledge and information you have acquired in a quick and efficient manner. This greatly increases your chances of success and allows you to make decisions at your convenience.