How To Set Up A Sports Betting Account
Bookmakers allow bettors to make profits on online betting. While attracting bettors with the announcements of upcoming games and profitable online betting odds, bookmakers never forget about their own profits.
- How To Set Up A Sports Betting Account Yahoo
- How To Set Up A Sports Betting Account Permanently
- How To Set Up A Betting Account
- How To Set Up A Sports Betting Accounts
- How To Set Up A Sports Betting Account Online
For a beginning bettor, beating the bookie in online sports betting is a quite challenging task. Betting lines are made by true professionals that know how to generate bookie profits. With our website, you’ll find the best bets and gain an edge over bookmakers. Also, if you are a gambler, you can watch the casino online.
Betting on sports. How to bet on betting sites?
- How to Set up a Bet365 Account From India. Online Sports Betting (Part 4) - How to Read +/- Money Lines Odds.
- Online betting took wing as early as 1997 when the first internet betting site was launched. Back then it was still a risky business as the crowd accustomed to visit the physical shops located all.
- How will you begin a legalized sports betting account when or if your state decided to pass their own legislation to make sports betting a legal state sponsored entity for their residents to enjoy.
- In addition to a host of betting markets that you can choose, BetMGM also offers the Edit My Bet feature. Sports betting, you can set up an account.
Bookmakers review for sports betting
From a special section of our website, you’ll find out how to pick a good and reliable bookmaker for making sport bet online and what factors to focus on in the first place.
To be honest, choosing a trusted and reputable bookmaker for professional sports betting is not as easy as you may think. There are plenty of offers but only few of them meet even a minimum set of requirements. A good bookmaker offers a wide betting line, sets competitive odds, and enjoys good reputation among bettors. Make sure the bookie’s profit margin is not too high. Profit margin determines the accuracy of odds and the bettor’s possible winnings in online sports betting.
Some other equally important factors include competent user support, fast and flawless money withdrawals, and betting line availability way before the game. To make it easier for you to make a choice, we have reviewed top bookmakers. We are constantly updating this information to keep our reviews and ratings relevant and accurate. Any changes in bookmakers’ policy are instantly reflected in our list.
Bookmaker’s earnings in sports betting
A bookmaker does not care about wins or losses of any particular bettor. The only thing that matters is betting results of a large number of bettors over a long period of time. Bookmaker’s margin is what brings profits to booking sites.
Examine the example below to get the general idea of how a bookmaker works and makes profit. Let’s take a football match with 3 possible sports betting outcomes – Team 1 wins, Team 2 wins, and a draw.
Bookmaker analysts calculate the odds for each outcome. Suppose, odds for the favorite are 50% (0.5), odds for the underdog are 30% (0.3), and odds for a draw are 20% (0.2). The total is 100%, or 1. If these odds were displayed on the betting site, bettors would place best bets with the following odds: 2.0 (1/0.5), 3.33 (1/0.3), and 5.00 (1/0.2).
But the trick is that the bookmaker won’t make any profit in this case. If all three bettors made sport bet online of equal size on all three outcomes, all winnings would go to the bettor who picked the right outcome. Two other players would suffer losses, and the bookie would have zero profit, distributing the money between the bettors.
To make profits on online sports betting online, bookmakers use a profit margin. Suppose, a profit margin is 10%. Then the odds total will be 0.9 instead of 1 (i.e. 90% instead of 100%). The odds for each outcome are re-calculated and start to look like this: 1.8, 3, 4.5.
Now it is clear that the odds displayed by bookmakers are not accurate probabilities of certain outcomes. The true odds are distorted through a bookie’s profit margin.
The above example is a heavily simplified version of how the online betting odds are determined. In real life, bookie use much more complex formulae. Odds for the favorite are overestimated, while odds for the underdog are set too low.
How To Set Up A Sports Betting Account Yahoo
Thus, multiple bet online generate a bookmaker’s a profit, while an average bettor loses.
To avoid this unfair situation and make professional sports betting online, our website has a couple of highly effective tools available.
News, predictions, useful information on best sports betting
The world sees multiple sports events on a daily basis. Our job is to focus on the most important and spectacular of them. Visit our website to be in the know of the latest sports events, alterations in schedules, new coach appointments, and many more.
Read upcoming match analysis and predictions from our highly competent experts. This information will give you the general idea of the upcoming game. Using sports predictions, you can make successful deals and place winning best bets. Beating a bookmaker has never been easier. Our predictions are free and available to anyone.
Lines, bets, and strategies
All online bookmakers have their own betting lines they use to take sports bets. Large bookies are usually the first to publish their betting lines. Smaller bookies publish their lines with delays or just copy them from major betting sites. The wider a betting line, the more sports events and outcomes it includes. We’ll teach you how to pick profitable betting lines to achieve success in sportsbetting.
Best bets and bookmakers
Every serious bettor has their own sports betting strategy or even several betting systems allowing to pick effective sports events and possible outcomes. In the section dedicated to sport bet strategies, you’ll find all popular systems with detailed descriptions and comments. Note that not all online betting strategies are equally effective in sports betting. Our advice is to read all information available about sports betting strategies before actually applying them.
‘Bet Types’ section gives you a hint of the variety of sport bet online offered by booking sites. Beginners will find this section particularly useful. Find out about peculiarities, pros&cons of sport bets.
All about bookmakers
Enjoy full information about online bookies, sport bet, sports betting strategies, and betting lines. Make use of our expert opinions, predictions, and reviews to make successful sports bet online and win at online sports games.
We sincerely hope that our website will be useful for both beginners and seasoned bettors and sports fans.
Sports betting types
Along with the number of possible outcomes and odds, sports betting is classified by type.
Ordinary sport bet
Ordinary bet is the most popular bet type among bettors all over the world. An ordinary bet is a bet on a possible outcome of a sports event. To find out how much you may get in case of success, you need to multiply the size of your bet by the respective odds.
For example, you placed a $10 ordinary bet on Team А’s victory. The odds are 2.0. If your prediction comes true, you’ll get $20.
Combination sport bet
But not all sports bets are as simple as ordinary bets. For example, a combination bet includes outcomes of several events. Although independent, such events are related to same sport. For your combination bet to win, you need to make correct predictions for every single outcome. Your winnings are a production of your bet size and the respective odds.
For example, your combination bet includes Outcome 1 of Event 1 and Outcome 2 of Event 2 featuring the odds 1.5 and 2.0 respectively. Your bet amounts to 10$. In this case, your winnings are calculated as follows: 10 x 1.5 x 2= $30.
Depending on the number of sports events, combination bets may be double, triple, and so on.
Systems
Systems are a more complicated sport bet. A system consists of combination bets, with the same number of outcomes in each combination bet. For example, you can make a system out of 3 combination bets, with 2 outcomes in each bet.
Suppose, you have three games А, B and C. In this case, you can make the following combination bets: А and B; А and C; B and C.
Your bet is equally divided between combination bets. Winnings are calculated for each combination bet individually. This means that you may have a winning system even if you have only one winning combination bet. Sum up your winnings on each combination bet to find out your total winnings.
A system is called ‘incomplete’ if it does not include all possible variations of combination bets.
Handicap online betting
Handicap sports betting online is yet another sport bet popular among bettors. The outcome includes a handicap which is given to a certain player/team. If your selected team or athlete wins with a handicap taken into account, your bet wins. If another team or athlete wins with a handicap, your bet loses. If a game ends in a draw, you get your money back.
For example, in football betting a bet (+2) means that your selected team must miss no more than 2 goals (0:0, 1:1, 1:2, 0:2) to win. If the final score is 0:3, 1:4, 2:5 in the opponent’s favor, your handicap bet loses.
Time match bets
Time match online betting is another popular bet familiar to bettors. A bettor places a bet on the outcome of the 1st time. For example, you can place a bet on a draw/Team A’s victory. For your bet to win, the 1st time must end in a draw and Team A must win the entire game. If any of these outcomes does not come true, your bet online loses.
Total betting
In total online betting, gamblers may bet that the final score of a game is over the bookmaker's posted total or it goes under the number. For example, a bookmaker set the total at 3.5. This means that a bettor can predict that the two teams will score more or less than 3.5 goals (1, 2, 3 goals).
Future of sportsbetting
Although online sports betting may be developing not as fast as bookies and bettors would want it to, it has made dramatic advances in the last 20 years.
Mobile sportsbetting
Nowadays, online sports betting is one of the top online entertainments available to millions of bettors worldwide. Today’s bettor does not need to do anything special to bet online. Via a bookmaker betting app in their smartphone, a bettor can pick any sports event and place a bet on any selected outcome. Placing best bets takes less time than reading this article to its end.
Availability and flexibility are the main attributes gained by sports betting online over the last years. Forget about visiting land-based bookmaker offices. Nowadays, you don’t even need a computer to bet sport! Any up-to-date smartphone has a wide range of functions to satisfy any bettor’s needs.
Furthermore, you can watch popular sports events live right on your mobile phone. Mobile betting is pushing the boundaries of online betting, providing clients with endless opportunities to place the best bets and bet online.
Need detailed statistical information? In the respective section of our website, you will find everything you need and more to place the best bets. Interested in live betting? No problem! Just take a look at live betting section. Want to withdraw money from your account? All you need to do is to enter your personal cabinet and transfer your winnings to your credit card.
There is no denying that mobile betting will remain a major attraction for bettors and therefore the main focus of bookmakers for the years to come.
TV sports betting
How To Set Up A Sports Betting Account Permanently
Sports betting via TV is another promising and fast developing betting niche. Up-to-date TVs have nothing in common with heavy devices with large television tubes and primitive-looking remote controls. In fact, today’s TV is a powerful computer with several processors, vast memory, various input devices, and multi-functional HD screens. Such a TV can be used not only to watch news and movies. You can talk to other people, views photos and videos, browse through the web, and – of course! – enjoy online betting and make the best bets.
Smart TVs are conquering the market. Sooner or later, they will take the road of smartphones, meaning they will be available in any home. Enjoying online sports betting while lying on your favorite sofa will become as common as having a cup of coffee in the morning!
As an increasing number of countries choose to legalize and regulate online sports betting, wagering options for fans are greater now than ever before. Today, punters in most parts of the world can choose from dozens of sports betting sites that are legal, licensed and safe.
Our role in all of this is to help readers navigate the sports betting landscape by providing honest sportsbook reviews and recommending bookmakers for punters of all persuasions. This includes country-by-country recommendations, lists of the best betting sites for specific sports and much more.
Best Sports Betting Sites
This page serves as your guide to finding sports betting websites by the criteria that matter most to you. Below are recommendations categorized by sport, mobile app experience, welcome bonus and so on. Use the table of contents above to jump straight to recommendations that suit your particular needs.
Sport Specific Betting Sites
The following pages recommend betting sites by sport. Fans of any particular sport can visit the corresponding page below for bookmaker recommendations tailored to that sport. The listings on each of the following pages take into account the average number of markets offered for that sport, types of wagers on the menu, live streaming video options, odds offered and sport-specific offers and bonuses.
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Online Sportsbook and Mobile App Reviews
You’ve already seen our top picks for the best online sportsbooks. We stand by these picks but also understand that many punters have specific wants and needs. To that end, we have a large collection of online bookmaker reviews that are unbiased and straightforward in nature.
We take a deliberate approach in structuring our betting site reviews to discuss specific aspects that impact the customer experience. These include going over each site’s long term reputation, its licensing status, its customer support options, the generosity of its odds, deposit methods, payout speeds, bonuses and other gaming options.
Sports Betting Bonuses and Offers
Most sports betting sites advertise a welcome offer inviting you to sign up and play. Sports betting bonuses are usually a good deal and provide added value that you wouldn’t otherwise see at a traditional brick-and-mortar bookmaker.
Bonuses are not the only promotions you’ll see. Online bookmakers are always coming up with new promotions and betting offers to reward their customers. Some of the most common types of promotional offers you’re likely to see include:
- First Deposit Match Bonuses: The first deposit match bonus is designed to entice new customers to make their first deposit. The amount of your deposit determines how much bonus money you get. For example, a 100% match bonus means you will receive £1 in bonus funds for every £1 you deposit.
- Free Bets: Free bet tokens can be used to place a real money wager on any sporting event you choose with no risk to you. If your free bet wins, the winnings are yours to keep. If your free bet loses, nothing is deducted from your real money balance.
- Cash Back / Risk Free Wagers: These are similar to free bets except you place the bet with your own money first. If your bet loses, the bookmaker refunds an equal amount to your account. If your bet wins, the winnings are credited to your account normally.
- Reduced Juice: Reduced juice rewards lower the amount of commission the bookmaker takes on all bets of a certain type. For example, the common 10/11 line that is applied to wagers with no clear favourite is reduced to 20/21 under a reduced juice program. The end result is you pay less commission on your wagers. This promotion is usually confusing for newbies and is therefore very rare.
You can read all about these types of promotions and see a list of the best betting bonuses here:
Loyalty Schemes and Rewards Programs
Regular sports bettors should definitely take advantage of any loyalty schemes or promotions offered by online sports betting sites. Rewards programs at online sportsbooks are designed to reward loyal customers for continuing to play and can be a great way to boost your bankroll.
Rewards can vary from free plays, bonus offers, or even tickets to major sporting events.
Generally speaking, the more you wager online the more you benefit from sports betting rewards programs. Spend a little time looking at the loyalty schemes of the different online sports betting sites to find out where you can best be rewarded for your business.
Daily Fantasy Sports Betting Sites
Today, fantasy sites host contests with million-dollar prizepools and a chance for players to compete for serious sums of money.
The best fantasy sports sites are marked by high traffic levels, big prize pools and fast payouts. A handful of brands dominate the daily fantasy industry, but some sites are better than others for fans of specific sports. See our DFS section for daily fantasy information and recommendations by sport.
Sports Betting Exchanges
How To Set Up A Betting Account
Betting exchange sites provide a unique and potentially lucrative twist on the traditional sports betting model. Exchanges act more like the stock market than a regular bookmaker in that exchanges match customers who want to back opposite sides of any particular wager. Rather than betting against the bookmaker, you bet against other customers who take the opposite view.
For example, you can back a selection to lose and then be matched with another customer who is backing that selection to win. Customers are able to set their own odds and lay a bet that other users can decide to take or not.
The end result is a free market solution for online sports betting. In certain cases, online betting exchanges offer better value for sports bets than traditional bookmakers.
In-Play Betting Sites
In-play betting offers yet another twist on traditional sports betting. In this case, you are able to place bets after an event has already started. As a football match progresses, for example, you can place additional wagers on the outcome of the event at updated odds. Or, you can even bet on short-term events such as who will score the next goal or what the outcome of the next penalty kick will be.
Thus, you can watch a match in real time and place bets as events unfold before your eyes. The oddsmakers in the background follow the match as well and offer a constantly-updated list of bets based on what’s happening right now.
Is Online Sports Betting Legal?
The legal status of sports betting sites depends on where you live and how you interpret the law.
Legislation around the world lags behind technology.
In many countries, sports betting laws are open to interpretation and largely unenforced. Each year, more countries license and regulate online sports betting sites and mobile sportsbook apps.
Our country-by-country discussion of gambling laws around the world offers in-depth analyses of legal sports betting options and regulations in most countries.
Is it Safe to Bet on Sports Online?
It is safe to bet on sports online as long as you limit your wagers to reputable and safe bookies.
Safety is always my primary concern when looking at sports betting websites. I talked about researching each site’s reputation earlier on this page, but some of the other things I like to consider include customer support, speed of withdrawals, player complaints posted in gambling forums and social media and the overall sense we get when placing wagers as customers ourself.
Gaming licenses are useful but don’t always tell the whole story. Licenses from major gambling jurisdictions such as the UK hold a great deal of weight because they are backed by functional governments that are serious about regulating the industry.
We also look at online bookmakers financial stability. This information isn’t generally released to the public, but you can get a good idea for how a sportsbooks finances are doing by monitoring social media accounts for complaints and unresolved issues.
Consistency of payouts is just as important.
If a once-reliable site suddenly has a batch of slow payouts, it’s can be a sign of payment processing problems, liquidity issues, or just a temporary hiccup.
The main thing for you to know is that it’s best to signup at sports betting sites that have positive reputations. Our top picks (listed near the top of this page) meet all the most important requirements that I have when determining which sports betting sites are safe places to wager at.
Basic Tips and Strategy
There is much to learn before you can become a successful sports gambler. The most profitable handicappers spend a lot of time researching picks, looking for trends, and searching for value.
Identifying value is imperative to making money over the long term. Sometimes there is no “correct” bet to make on a particular sporting event and a savvy sports bettor knows when to keep out of the action.
By putting some effort into learning about the industry, it becomes much easier to get a decent return on your money. It pays to be diverse – consistently backing odds on favorites is unlikely to pay in the long run as it might only take one or two upset losses to wipe out your profits.
Mixing up your bets with a combination of favorites and over-priced underdogs, and placing these options at the right time is a better approach.
Visit the following pages for a more in-depth discussion of some of the most important concepts in online sports betting.
To be serious about winning, you need to manage your bankroll properly.
It can be frustrating losing several sports bets in a row, but increasing your stakes to chase your losses is not the way forward.
Stick to your stakes and size your plays according to the confidence you have in a pick – not based on previous results. As you do well and your bankroll grows, then you can consider increasing the size of your units.
The general rule of thumb for sports betting is to risk no more than 5% of your bankroll on any single bet. This is a pretty safe way to go because it helps minimize the damage done by bad streaks.
No matter how confident you are in any single bet, the 5% rule should be in effect.
How To Set Up A Sports Betting Accounts
If you think about it, the 5% rule makes perfect sense. Even the best handicappers are happy to achieve a 55% to 60% win rate. That means you can expect to lose 40% to 45% of you wagers even if you are really good at what you do.
At those win-rates, anything can happen in the short term.
Over the long term, skilled handicappers can expect to see a general winning trend. But over the short term, everyone sees swings in both directions. By sizing your bets properly, you minimize the chances of going broke due to variance.
Even the best sports bettor in the world will lose their bankroll if routinely risking 20% or more of a bankroll on every wager. Smart bankroll management is one of the absolute fundamental keys to successful sports betting.
How To Set Up A Sports Betting Account Online
Sports Betting Guide: