A part of the (online) casino where more and more people come to play is the bookmaker section. Here you can bet on sports. Making online bets on sports games makes following sports games a lot more exciting and it can also yield big profits.
But how exactly does sports betting actually work and what are those bookmakers’ odds?
Let’s start from the beginning: what is sports betting?
Sports betting is predicting the outcome(s) of a competition and betting on it. The outcome can be a final result, a winner, the person who makes the most goals or the team that scores first. The options depend on the bookmaker where you play and the sport where you want to put money on. For example, no goals are scored in Formula 1. At the bookmaker you immediately see all the options when you select a particular match.
Football bets are the most popular for sports bettings. On the one hand because most matches are played here, and on the other because of the range and the many types of different bets you can place.
How do the odds or odds actually work?
When you bet on sports , you will always see a number among the options that you can choose. This is the odd, also known as quotation. It indicates two important things:
- The payout when the prediction turns out to be correct
- The probability according to the bookmaker
Specifically: the lower the odd is, the greater the chance that it will happen and the lower the profit will be. When FC Barcelona plays against Getafe at home, a bet on FC Barcelona does not produce much because the bookmaker will mark FC Barcelona as a favorite. A bet on profit for Getafe yields much more, but there is little chance that this club will actually win.
If you bet a tenner with an odd of 2.50, you win € 25. If you win a sports bet with an odd of 1.20, this will only result in € 12. If you bet the same ten on an odd of 7.80 and the prediction comes true, then you can hold your hand up for a profit of no less than € 78.
Which games can I place sports bets on?
With the better online bookmakers you can bet on many different sports. The range is particularly extensive. For example, you can bet on:
Football matches, Basketball, Dart games, Esports, Golf, Dog racing, Ice hockey, Rugby, Tennis, Water polo and much more.
The bets are updated daily by the bookmakers. There are also other bets which regularly have nothing to do with sports, but are certainly worth a gamble. You will certainly find a bet of your liking.
The listing with both different bookmakers can vary considerably, so it can be useful to register with multiple bookmakers. Before you place a bet you can first compare the odds of the different providers.
Single bets and combi bets: what are the differences?
Novice gamblers come across many terms which raise questions. For example, bookmakers also make a distinction between single bets and multiple bets (combi bets). If you are just taking your first steps on the gambling platform, you can best focus on single bets.
With this term, the bookmakers refer to all stand-alone bets, regardless of whether it is a 1×2 bet, a higher/lower bet or a half-time/full-time bet. You place one bet and you can only win or lose it.
With a combi bet, you link multiple bets to each other and the bookmaker multiplies all three odds.
It is the combi bets that entail the large amounts of profit that you might see in the news from time to time. But winning is not that easy. Every prediction must come true to win the profits. One wrong estimate and the complete bet will be lost.
Do’s and don’ts when betting on football
There are a number of things you should do and shouldn’t do when betting on football. A good preparation is by no means one when it comes to matters that you should not forget. Are you going for the popular 1×2 bet? Then also look at the draw option. It is interesting to express your preference and to designate a winner, but a draw often results in a relatively higher profit.
Moreover, there are enough matches that end in a 0-0, 1-1 or 2-2, especially if the teams are close to each other in terms of level. In addition, look for the best bookmaker for the bet.
As stated earlier, every bookmaker determines his own odds, which creates the necessary differences.
So much for the do’s. There are also a few pitfalls that you should avoid. So you have to be careful with betting on a team that you are a big fan of. The chances of you allowing yourself to be guided by your emotions and not by your mind are high.
Emotions do not help you to achieve success in football betting anyway. Always stick to a deployment strategy that has been devised in advance so you are not tempted to increase the amount. This way you prevent betting more money than you can afford to lose.
Finally: it is better to avoid bets with extremely high odds in the beginning. Of course, with a profit you immediately make a big hit. But it is much more likely that you will lose the bet. Keep your mind on it and think about every step you take. This helps you to eventually grow into a successful football gambler!
Start betting on sports today?
Do you want to place a bet on your favorite team because you think you know what the outcome of the next game on the schedule will be? Start by choosing the right bookmaker first.
You can do this by reading some of our Bookmaker Reviews.