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Get Started With Sports Betting

October 8th, 2018 by admin

Sports have always been fascinating. Watching the feats of professional athleticism and skill is one of our favourite pastimes. What’s even more enticing is the concept of rooting for your favourite team and earning a buck or two from it. Sports betting has been around for quite a while, but the advent of the internet has reshaped the way it is carried out. If you are a novice, the mechanics and terminologies of online sports betting may overwhelm you. However, reading this article will help you grasp the basic idea of how this industry works.

Sports betting is placing a wager on the results of a particular sports event. Before risking your hard earned money, there are few things you have to consider.

The first thing is the selection. It is advisable to always do some research on the teams playing so as to determine the one that is more likely to win. You can also choose to trust your guts and select your favourite team.

The second aspect to put into account is the odds. This is the ratio between the amount placed for and amount placed against a certain outcome. Higher odds indicate that a larger amount has been placed against that outcome and vice-versa. Odds also determine how much you’ll walk away with if you win. It is always wise to go for events whose odds double or multiply your stake amount. This goes a long way in ensuring you achieve a substantial profit in the long run.

The last thing you have to consider is the stake. This is the amount that you place on a particular bet. Never risk an amount that you can’t afford to lose. Anything can happen in sports no matter how confident you are.

Terminologies

Understanding the terms associated with online sports gambling is essential when you are starting out as a punter. you can visit sportsbetonline.co.uk for some more information. Below are some of the terms that you ought to know.

  • Bookmaker – This is the organization or individual that sets odds on all outcomes of a sports event. It is through the bookmaker that bets are placed and payments are made.
  • Favourite – This is the team or sportsperson that is perceived to be the likely winner. More often than not, odds of a favourite are usually lower.
  • Underdog – This is the team or sportsperson that is perceived to be the likely loser.
  • Double Bet – A type of bet whereby two single bets are placed as one single bet so as to give the punter more potential winnings.
  • Treble Bet – This is combining three single bets and placing them as one.
  • Accumulator Bet – This is a type of bet whereby the punter places multiple single bets (four or more) as one single bet. In this type of betting, if one selection loses, the whole bet is lost.