All You Need To Know About Sports Betting
Sports betting is a monumental part of online gambling and it’s the only product where luck doesn’t play a significant role in boosting your bankroll.
Luck is always going to be a factor, but if you’re equipped with the right knowledge and follow the sports you bet on, there is potential to make more than a pretty penny.
If you’re new to sports betting or looking to discover betting strategies, you’ve definitely come to the right place because on this page, you’ll find in-depth knowledge covering a range of topics, including the different types of bets to place in an array of different sports, sports bonuses, detailed betting guides, and bankroll management, to name a few.
Whether you’re into football, basketball, boxing or tennis, we’ll be covering all the important elements you should be considering when betting on sports and with the right mindset and self-discipline, you could transform yourself from the average punter to a wise guy.
ONLINE SPORTS BETTING
SPORTS BETTING GUIDE
Sports betting has existed for hundreds of years and is probably one of the oldest forms of gambling that exists today. A lot of things have changed since then, but the core concept of sports betting remains the same: people put their money on whatever outcome they think will happen – if their prediction is right, they win, and if it's wrong, they lose. But back in the day, people had to be present at the moment of the sport and be in physical attendance, whereas now people can do the same thing from the comfort of their homes.
WHY SHOULD YOU BET ON SPORTS
One apparent reason people should consider betting on sports is the amount of money involved. The second reason is that it has a certain level of skill. Although it varies from sport to sport, the ability to make predictions based on previous and current results demonstrates the quality of knowledge of the person in betting and the sport. Thirdly, the main reason people bet on sports is the rush and adrenaline they get when they see their predictions unfold. Watching sports is fun, sure. But what's even more exciting and exhilarating is saying some team is going to win, or going to score, and then winning money on that prediction.
BEST SPORTS TO BET ON
Knowing which sport to bet on is half the job since it requires you to have prior knowledge about the rules and regulations and the general workings of the sport. If you bet on a sport you've been following for a long time, chances are you'll make more correct predictions about the said sport as compared to a sport that you don't know much about. That being said, here is a list of the best sports which you can bet on:
Football is one of the most popularly played and watched sports on the planet, so it is no surprise that it is at the top of our list. But to understand more about what football betting is, people need to be aware of the different kinds of bets that can be placed on different aspects of the game. These bets are as follows:
1X2 is probably the most basic and popular bet involving gambling and requires people to bet on the result of a match with just three options: Home Win, Away Win, and Draw. The 1X2 represents the outcomes of a match, with 1 representing a home win, 2 representing an away win, and the X representing a draw between the two teams. Players also can combine two of the three possible outcomes, which can increase their chances of winning. For example, players can choose a 1X, which can be a home win or draw, 2X, which would mean an away win or a draw, and 12, which means home win or away win.
Now, as mentioned before, doing this will increase your chances of winning. However, it must be noted that although you could win, it would be for lower odds than in a standard 1X2 bet, which would mean that you walk away with a little less cash.
FOOTBALL OVER/UNDER GOAL
Another popular bet in football, an over/under goal bet, lets you bet on if the total number of goals scored in a game will be higher (over) or lower (under) than the goal total, according to the conditions of the bet. How it works is that bettors (people who bet) are offered the odds on several possible goals total, which could happen in a match, and the bettor is required to predict whether the total goal tally at the end of the match will be over 2.5 goals or under. Decimal values are commonly used to represent the margins for over/under bets and are set at 0.5 intervals. They can be changed according to the situation to more than 1.5 goals, 3.5 goals, 0.5 goals, and others according to the situation.
FOOTBALL DOUBLE CHANCE
As mentioned earlier, football has a possibility of three outcomes: the home team wins, the away team wins, or the match ends in a draw. A double chance bet provides bettors with a chance to back two of the three outcomes mentioned for a single stake. For example, Man United play Burnley at the former's home pitch. Given their recent form, Burnley could cause an upset on their visit and might win, but you don't want to put all your money on a win. The next best thing to do is Double Chance and getting slightly shorter odds for a Burnley win or draw, which could just be perfect. The first clear advantage that this has it that it increases the chances of winning significantly and secondly, increases the security of the bet since now you have two odds out of 3, as opposed to 1 earlier. However, the only real drawback is that because double chance bets have fewer odds than the 1X2, you will have to compromise on some value. But that compromise means more security and a higher chance at winning, so it makes sense.
FOOTBALL DRAW NO BET
Draw No Bet, as the name implies, does not consider the bet of a draw. It is a kind of betting system which allows bettors only two outcomes, a win or a loss, thus removing the third outcome of a draw. While this reduces the probability of winning for the better, it also reduces the probability of losing a bet and reassures the players since they know that their stake money will be returned to them in the case of a draw. If a player backs the home team to win in a regular market and they do win, the player wins. However, even if the game ends in a draw, players still lose their money. The Draw No Bet provides insurance against annoying things like poor refereeing decisions, last-minute equalizers, and all other hindrances that ruin the weekend by removing the possibility of the draw.
FOOTBALL HOME NO BET
Belonging to the same family as the Draw No Bet, the Home No Bet removes the possibility of a home win, thus providing bettors with only the options of betting on the away side winning, or betting on a draw. Although this type of bet is not popularly used, it can be useful in a scenario where you want to back an underdog to win, but you know the other team has a higher chance.
Handicap is described as a situation or circumstance that hinders progress or success. In a bid to make something even more entertaining, bookies often use handicaps. A handicap is usually applied in situations where one team is superior to the other and is done to level the playing field.
For example, in a match between Chelsea and Burnley, a handicap of +1 would be placed for Burnley, and a handicap of -1 would be placed for Chelsea since they’re the superior team. Now, if a bettor backs Chelsea to win, they must deduct one goal from the scoreline. So if Chelsea wins 3-1, the bettor wins since the handicapped scoreline would stand at 2-1. Alternatively, if a bettor backs Burnley to win, they must add one goal to the final scoreline. For instance, if the match ends at 2-2, the bettor wins as the handicapped scoreline would be 3-2 in favor of Burnley.
FOOTBALL NUMBER OF GOALS
Several goals bets are placed by bettors on the total number of goals being scored, regardless of a win, draw, or loss. So, in this case, instead of betting on a particular team or outcome, people bet on the scoreline's total.
For example, Real Madrid vs. Manchester City is to be played. You know both teams bring attack football to the pitch and are hence likely to score. Since you can't be sure about the scoreline or the winning team, you can bet on the total number of goals in a match. For example, if you bet on five goals being scored, then the score lines 4-1, 3-2, 2-3, and 1-4 would win you the bet.
FOOTBALL HALF TIME RESULT
Although new, many online bookmakers have started to offer a half-time result market, which, as the name suggests, gets settled at the half-time of the match. It is similar in all other aspects to the 1X2 bet, which gives you options to bet on a home win, an away win, or a draw – the only difference is that whatever happens till the half time is what counts. This bet can come in handy for someone who wants to bet on a fast and tactical side in the first half but slows down in the later parts of the game, thus more likely to concede and lose.
FOOTBALL FULL-TIME RESULT
The full-time result betting is the most common kind of betting there is. Unlike the earlier half time result betting, this one concludes at the end of the match. In all other aspects, it is similar in all other aspects to the 1X2 bet, which gives you options to bet on a home win, an away win, or a draw. This type of bet can come in handy for someone who knows that they have a stronger 2nd half team or just someone confident on their team winning when the full-time whistle is blown.
FOOTBALL CORRECT SCORE
This bet involves predicting the correct score at the end of the match and requires a lot of skill and prior knowledge about the game, the teams, how they're playing, and what form they are in. The scores are usually quoted as "home team score – away team score," so it is crucial to check it and place the bet on the right team.
FOOTBALL TEAM GOALS
Team goals bets are a little different from the traditional bets of wins, draws or losses since this bet requires you to bet on the minimum number of goals scored by the team of your choice. This bet comes in handy when you know that even though your team's defense is a little shaky, their attack is good enough to score a few goals, and you can predict the minimum number of goals scored. Most bookmakers offer three choices:
- More than 0.5 team goals; your selected team needs to score one goal to win.
- More than 1.5 team goals; your selected team needs to score two goals to win.
- More than 2.5 team goals; your selected team needs to score three goals to win.
Goalscorer bets are offered for all available players per match, irrespective of if he/she is included in the starting line-up or bench. It is as simple as it sounds; punters place a bet on a particular player to score a goal – the punter wins if the player scores, otherwise he loses. In this type of bet, the bettor needs to be very aware of the player's current run, and his/her attributes. For example, in the Champions League season of 17/18, a good goal scorer bet would be Cristiano Ronaldo since he scored at least one goal per game that year.
FOOTBALL RED CARD YES/NO
This kind of a betting system requires that at least one player is shown a red card in the entirety of the game, regardless of which team he belongs to. Neither the team nor the outcome matter in this situation. If a referee awards a red card, the bet is winning. One situation where this is useful is a derby match or an el-Classico since tempers are usually high, and the chances are that a red card will be shown sometime in the game.
FOOTBALL NUMBER OF PENALTIES
Finally, the last kind of bet that can be made in football is on penalties, where bettors can decide how many penalties will be awarded during the game. This bet requires doing a lot of research on the number of penalties awarded during a season, which team wins more penalties, etc. For example, according to statistics, one penalty is awarded in the Serie A and La Liga after every three matches. Depending on the intensity of the game, a penalty-prone game could have anywhere between 1-4 penalties awarded in a single game, which is why it is crucial to research and do your homework before the betting.
From the age of Michael Jordan to the times of LeBron James, the sport of basketball has seen some fantastic legends run, play, dunk, block, and win at the game, and as exciting as watching basketball is in itself, it's even more exciting when you've got money on the line. Here are the different kinds of bets that can be placed on basketball:
BASKETBALL TEAM TO WIN
One of the most popular and straightforward bets offered is the Team to Win bet. All the punters have to do is calculate and predict which team they think will win. If the team wins, their bet wins. If the team loses, their bet loses. Because of the high-scoring nature of the sport, draws/ties are very rare in basketball. If the score is tied at the end of regulation of play, rules dictate that extra periods be taken—however, many are required (5 minutes each) to decide a clear winner of the game. Hence, there is only winning or losing, and no refunds are offered.
This kind of bet is placed on the combined score of both the teams. The basketball totals bet works the same way as the over/under. The bookmaker determines a number so the bettor can place a wager on the over/under of that bet.
BASKETBALL WINNING MARGIN
In a winning margin betting, bettors are given a margin for their team to win by. Simply put, you have to predict the margin which your team will win by. A good example could be a game between the LA Lakers and Chicago Bulls. The booker has the LA Lakers at 4/6 with a 6+ points margin to win. LA puts on a show, beating the Bulls 90-96. In this case, the bet wins because there is a 6 point difference between the final scores of the two teams.
As with all other sports, a handicap in Basketball means that the bookmakers offers a handicap to level the playing field, usually in the case of a heavyweight team going up against an underdog. The handicap number is often displayed as -6.5 or +6.5, although values may differ. These values are factored into the final results and accounted for, making the primary outcome different from the handicap outcome.
Tennis betting is prevalent because of the different things that punters can bet on, but also because the random factor is minimized in the sport. For example, football and basketball have many different variables that are contributed by over 20 players on a field that can drastically change a seemingly accurate prediction. Tennis has only two players and no variable factors like red cards and injuries, thus making the prediction easier and more accurate. The different kinds of betting in tennis include:
TENNIS PLAYER TO WIN
Out of a variety of ways to bet in tennis, the most popular way of betting in tennis, like basketball and hockey, is betting money-line – which simply means choosing the player/team to win. All a bettor has to do is know the two players and their games very well so he/she can correctly predict the possible winner. For example, Rafael Nadal is up against Roger Federer, -120 on the money-line. That means for a punter to win $100 on a Nadal victory, they’d have to pay $120. If in the same match, Federer is +110, the person would win $110 on a $100 wager.
TENNIS EXACT SCORE
Another very common bet is the exact set score bet where punters need to choose a winner of a set and also specify the points they player wins by. Some online bookmakers stop the bets before the set begins, while others choose to offer the bets through the first few games of the set.
TENNIS SET SCORE
Betting on a set score in tennis is like betting on the final score in football. Punters need to decide how many sets each player will win. For example, in a match between Nadal and Djokovic, if Nadal wins three sets and Djokovic wins 2, the punter will have to specify who wins how many sets for his bet to be successful.
TENNIS TOTAL MATCHES
Another famous market for bets is the Total Matches, also simply called as Total Games. In this type of bet, bettors have to specify whether the match will be over or under a precise number of games. Each set can have a maximum of 13 games, with the 13th game being the tie breaker, unless a margin of two games is necessary for certain Grand Slam events.
TENNIS TIE-BREAK SET 1
This bet is a straightforward and clean, 2-way win or lose a bet, and comes in handy when the match is drawn and goes to a tie-breaker. Most bookers even allow punters to bet on whether there will be a tie-breaker in the match or not. Bettors have to decide who will win the tie-breaker set and be victorious if they predict the right winner.
Although not that popular, volleyball betting has undoubtedly been on the rise since it provides punters a unique, different, and equally rewarding alternative. But since it is such a niche market, there is value in learning about the different kinds of betting which are possible in volleyball:
VOLLEYBALL TEAM TO WIN
In one of the more straightforward bets, just like in MMA or Tennis, bettors have to bet on which team will win one, also known as the money line bet. Predict the winning team correctly, and you win the bet!
VOLLEYBALL TOTAL SCORE
An alternative to the handicap and money line bet, the Total Score bet does not predict who will win, but by how much their score will be over or under the number specified by the bookmaker.
As in other sports, volleyball also has an experienced team and an underdog team. Like other sports, bookmakers provide bettors with the opportunity to make it a fair fight by putting a handicap on the number of sets in the winning margin, thus making the odds fairer.
VOLLEYBALL CORRECT SCORE
Unlike the above mentioned volleyball total score, the volleyball correct score bet does require punters to predict who wins since it requires them to bet on the correct score from the volleyball match in terms of sets, which can be from 3-0 to 3-2 for indoor volleyball and from 2-0 to 2-1 for beach volleyball.
Betting on boxing is perhaps more personal than any other sport. It is simple, quick, raw, and decisive, precisely what most bettors are looking for. But as quick and straightforward as it is, it does offer some exciting kinds of bets for punters:
BOXER TO WIN
No real calculations there. Punters just have to predict and decide which fighter will win the fight. If the fighter wins, the punter wins. And if the fighter loses, the punter loses. Simple enough.
BOXING FIGHT OVER TEN ROUNDS
Though risky, this bet offers a lot of excitement and big rewards. Punters have to predict if the fight goes over the 10th round correctly. If the 10th round is up and the chosen fighter is still standing, the punter wins. However, boxing is very uncertain, and knockouts don't take long to happen, so this kind of bet can backfire if the opponent fighter tends towards early knockouts. If that happens, even if it is in the first ten seconds of the game, the punter loses the bet.
Baseball is known among the sports betting community as one of the famous markets for sharp bettors. Many bettors, serious bettors, utilize the thousands of fixtures played around the year by creating a large sample size and taking it through an analytical approach to making successful bets. To get to that level though, first, you need to know about the different ways to bet in baseball:
A money-line bet is the most straightforward way of betting; you put your money on the line for the player/team you think is going to win. If a punter decides to bet a $100 on an underdog, he will win the number behind the plus sign. If a punter wants to win a $100 by betting on an experienced or favorite team, they have to bet the number following the minus sign.
BASEBALL RUN LINE SPREAD
Run line betting is relatively common in Major League baseball, but not as common as the money-line bet or the over/under the line, which is why many beginner bettors might not be familiar with the run line spread. Run line betting in baseball is almost similar to NFL spread betting, but not entirely. A run line bet is a 1.5-run spread which is attached to a baseball game. A heavily favored team on the money line will have fewer odds when pegged as a 1.5-run favorite. This effect holds in the opposite situation as well, where underdog teams on the money line will have boosted odds on the run line.
Baseball totals are the over/under which is used in football; punters simply wager on the total number of runs they will be scored by both teams combined. However, to do this, bettors must have adequate prior knowledge about the game, the recent form of the teams, and their recent scoring abilities to make an accurate prediction.
The handicap bet in baseball is referred to as the run line. It is used by bookmakers to even the odds for both the bets. Unlike other sports, though, baseball has a fixed handicap of 1.5, meaning that if a team is +1.5, they can lose by one run or win the game, and a -1.5 means that they have to win by two runs.
BASEBALL EXTRA INNINGS
This bet is a rather unpopular but highly exciting betting market. Punters have to predict whether there will be an extra-inning played after the initial five innings or not. This knowledge is useful where you know two big teams are clashing up against each other and will be very well matched, increasing the chances for extra innings.
BEST SITES TO BET ON SPORTS
Although many online sites will allow you to be on different sports, here are our top favorites, especially hand-picked for you!
888Casino is an extremely safe, reliable, and very well-known casino with excellent customer support and security system. It is also very famous among bettors for being extra fast, efficient, and helpful in withdrawing money and offers an array of depositing methods for its customers.
22Bet Casino believes in offering efficient variety, thus making it an attraction for gamblers who believe that variety is the spice of life. The vast collection of games is more or less unparalleled, accompanied by several different deposit options for the customers. The casino is clean, comfortable, and well-designed, which shows in the smaller details on the website.
Betsafe Casino is one of those casinos that is in the top 3 of every gambler. It has an excellent reputation because of its exceptionally professional customer support and is extremely safe and reliable. The casino offers a variety of options to all gamblers and punters worldwide, including sports, poker, casino, and much more. It also provides customers with several trust-worthy banking options through Visa, MasterCard, Skrill, NETELLER, and many others.
SPORTS BETTING BONUSES
Almost all the top online betting sites offer different bonuses for punters joining or coming for the first time. The bonuses offered to bettors vary a little depending on which online casino you're visiting, but most of them do have the following:
Bookmakers usually offer free bets to new customers who open an account on the online casino. Typically a bettor will automatically qualify for the bonus of a free bet when they open their first account with the bookmaker.
Reduced Juice can be considered a bonus promotional offering to new punters joining the online casino. Taking into account the hundreds of bets that a punter can make over a season, the money can add up to a lot. Reduced Juice allows bettors to risk less and win more.
VIP OR CASHBACK
This bonus considers the loyalty customers show to online casinos and rewards them accordingly. Most casinos have different levels, starting from copper, bronze, and ending on diamond and VIP status. Cashbacks typically start at 5% on lost bets, possibly getting to 20% cashback on lost bets for the top-level members.
Another way of showing appreciation to the customers by online casinos is by offering them Reload bonuses, which is essentially a bonus granted to the customers of the online casino when they deposit more money in their online casino accounts.
NO DEPOSIT BONUS
No deposit bonuses are straightforward – players are eligible for free money provided by the casino (usually $5 to $10) after they sign up to the website and agree with the terms and conditions provided, without depositing any money.
REFER A FRIEND
Another straightforward bonus, refer to a friend bonus, isoffered to users of the website when they suggest it to a friend. The bonus amount received varies, though, and can be checked by visiting a specific online casino.
FREQUENTLY ASKED QUESTIONS
Looking to find out more information about betting on sports online? Check the frequently asked questions below to find the answers!
Which sports can I bet on now?
Table tennis, horse racing, hockey, basketball, soccer, and volleyball are just some of the numerous sports that you can bet on right now.
Can I bet on sports online?
Yes. A lot of online casinos and betting sites provide safe and secure options for betting on sports online.
How do sports bets work?
Sports betting is simple – you put a bet on the sporting event of your choice and set an amount that you can either win or lose, depending on the bet's nature.
In which states can you bet on sports?
Recently legalized sports betting states include Virginia, North Carolina, and Tennessee, along with previously legalized Arkansas, Colorado, Delaware, Illinois, Indiana, Iowa, Nevada, New Hampshire, New Jersey, New York, Michigan, Mississippi, Montana, Oregon, Pennsylvania, Rhode Island, and West Virginia.
Which is the sport with the best odds?
Usually, horse racing is considered the sport with the best betting odds, but it can generally vary from punter to punter on what they like to bet on, how they bet, and what they're interested in. Now that Christmas is around the corner I just want to remind you that the a Rubik's Cube is the best gift for any occasion which can be easily solved with the online tutorial.
This page was written in 2018, and is now maintained by John Smith. Should you have any questions or see any discrepancies on this page, feel free to reach out to him. The casino list at the beginning of the page is revised each month, to ensure we only offer the very best casino sites to our readers. Let's have a look at some handpicked references you may find interesting.
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