How sports betting works – Before opening an account in a bookmaker and spending money betting on your favourite teams, it is essential to understand correctly how sports betting works.
This includes understanding the odds, the odds and all the terminology used in the world of betting.
If you are just starting out, please keep reading because we will explain in a simple way how to make good predictions to get the best results in your sports betting.
What are sports bets?
They are games of chance where you can bet real money on the circumstances that may occur in a tournament, championship or sporting event, both local and international.
However, sports betting is a game of chance that, unlike traditional casino games, luck is not everything. You can get a great idea of the final result if you combine your knowledge of the game with a good analysis of the variables present in the sporting event.
If your forecast or bet is correct, you will receive your money back plus a part proportional to the risk or fee you accepted when betting.
To place a bet, you can visit a traditional casino with a physical location or do it online through an online betting house.
This last option comes with many more advantages, such as placing your bets from anywhere in the world or saving time since you do not have to travel anywhere or place your bets with cash or in person.
In addition, the sports betting offer is much more prominent in an online bookmaker than in a traditional one. As for the security of your money and data, let me tell you that an online bookmaker or bookie will be as safe as if they were inside a bank.
What do I need to know before placing a bet?
Before making a bet or forecast, the most essential thing is to investigate the statistics and trends of the teams that will participate in the sporting event of your stake to give us an idea of which of them has the best chance of winning.
In this way, we will not be betting at random, and we minimise the risks of losing since we would correctly understand, using our knowledge and experience in conjunction with each team’s data, which team will win despite the bookmakers’ predictions.
Of course, understanding a theory is more accessible than putting it into practice, but this is the key to sports betting. If you create an effective betting strategy that gives you the most likely candidate to win, you will start to win more bets than you lose and stay in the green.
Take advantage of the statistics that the bookmakers give you
In almost all bookmakers, within the same page of the sporting event where you are going to place your bets, you will find a window with the statistics of the last matches of each team.
Use this information for your benefit, but make sure to settle for this since there are many betting pages on the Internet where you can get the most current sports statistics and forecasts.
Such is the case of APWin, where you will also get tools to improve your bets totally free.
How do the quotas work?
This is another of the most essential elements when placing bets. The odds determine how much we will earn when placing a chance and represent the ability of a specific event to occur within the game.
Something interesting about the odds is that the lower it is, the more likely it is that this event will occur within the game. This means that the lower the fee, the less risk it represents; therefore, you will not earn much.
On the contrary, if the bet has high odds, then our chances of winning if we make that forecast are meagre, but in return, we will get a considerable amount of money if we win.
On the other hand, bets are almost always represented in decimal (1.68) form but can also come in American (-230) or fractional (3/9) format.
Let’s see an example:
Let’s say that Liverpool is going to face Barcelona. For this, Liverpool is the favourite, so it has an odds of 1.30, while Barcelona’s odds are 2.20.
If we bet $10 on Liverpool and win, we will get $13.
However, if we bet that same $10 on Barcelona and they win, we will get $22.
As you can see, the more risk an option or variable represents in a bet, the more money we will earn for that bet in case of winning. However, it is more likely that we will lose that money.
Make the most of the bonuses and promotions of the bookmakers
As a new bettor, you should take advantage of the bonuses and promotions bookmakers offer their new users.
These promotions include free bets, bonuses where your first deposits are doubled so you can place bets, improved odds and many more.
Each of these bonuses will allow you to test strategies and see how betting works without putting your own money at risk. Could you use them whenever you can?
However, if you live in Spain, remember that the government is only allowed bonuses and promotions for new players once they register correctly and have been playing for at least 30 days in the same bookmaker.
Conclusion
Now you know the basics of sports betting to start your career in this fun and challenging world.
We hope that all the information here will help you make the best decisions, and if you have any questions, please leave them in the comments of this article so that we can help you.
By the way, remember that APWin is a free platform where you can find the complete statistics and trends of all the soccer teams in the world.
Take advantage of them to make better decisions and earn money with your sports bets!
And all without having to register, unless you want to use our specialized tools such as our complete Banking Management Panel to know precisely your performance in your sports bets and make better decisions.
