It is easy to play casino games once you get your bonus, like the Vulkan Bet bonus. However, it is not as easy when it comes to sports betting. There are many markets in sports betting, and you can also do pre-match live bets. In addition to this, the odds are different, and you may become overwhelmed.
Lucky for you, we have a complete guide if you are a newbie in sports betting. We will explain all you need to know, and you will be able to start betting in no time. Here are the steps in sports betting.
How to Place the Bet Online
Let us say that you want to bet on LA Lakers VS GSW, and you want to bet on the Lakers. The first step is to register for an account on a sports betting site. Once done, make a deposit.
Then, follow these steps:
- Click on the sports you want to bet on, in this case, basketball.
- Take a look at the wager buttons like LAKERS 2.77, DRAW 2.35, and GSW 3.25.
- Click on LAKERS, and a window will appear. Usually, this window as the right side of the screen.
- Type the amount you want to wager; this is called your stake.
- Click on PLACE BET.
Now, if the sportsbook company shows live matches, all you need to do is to click on the timer or the watch button. Then, you will see a live broadcast of that game. If the game you want to bet on is happening in the future, you can still place your wager, but you can only watch the game once it commences.
From here, there is really nothing left to do. If you win, the sports betting company will put your capital and profit in your sports betting account, which you can then withdraw to your preferred wallet or financial account. If you lost, that money is now gone from your account balance.
Understanding Odds and Moneylines
All sports booking companies make a profit from bets. As such, you will not see a 1:1 ratio in betting payouts. There is a thing called the odds, and there are three types.
These are:
- Fraction (British Odds);
- Decimal (European Odds);
- Moneyline (American Odds).
In British Odds, you will see something like this:
- Lakers 6/1;
- GSW 5/1.
It means you will win $6 for every dollar you wager for the Lakers, and then you will win $5 for every $1 you wagered on GSW. So, if you wagered $1 on the Lakers and they won, you will get back your original $1, and then the bookie will give you $6. Your total money now is $7.
For European or decimal odds, you will see something like this:
- Lakers 4.00;
- GSW 1.3.
These decimals represent multipliers against your bet. So, if you wagered $100 on Lakes and they won, you will receive $400 ($100 x 4). This payment already includes your stake, which means that your total profit is only $300.
Finally, we have the money line. It looks like this:
- Lakers -400;
- GSW +300.
As you can see, there is a negative and positive number. For Lakers, it means that you must wager $400 to win $100. If you do wager $400 on them, and they win, you will get back your $400, and then they will give you $100 more. Now, you have $500.
For a positive number like GSW, you will bet $100, and if they win, you will receive $300 in profits. The bookie will give you your $100 and then give you an extra $300. The $300 is your profit.
Over/Under Bets
Over/Under means you are betting whether the total score of the two teams is over or under a particular benchmark.
For example, if the bookie says the total score of Lakers and GSW combined after the match is 200 points, you will bet either over or under that. If you wagered over and the total score is 221, you win your bet.
Over/under bets are fun, but you are only likely to win if you understand the game and statistics of a team. For example, if you have been watching basketball for a while, and you know what scores the Lakes and GSW are likely to get, then you can guess what the total score is going to be.
Sports betting is complicated at first, so we suggest that you start small and that you also start with a single market. Do not attempt to wager in different markets or even bother to wager using arbitrage. That kind of betting requires a certain level of expertise, which will come to you later.
For now, start with a small amount of money, and look for a sports betting site that accepts players from your country. Choose a support that you love — something you do understand and follow and place a small bet.
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