Where should I place my bets online?
There’s no single correct answer to this question. You have to try and find the site, or sites, that best suit your own preferences and what you want to do. If you take a look at our page on the best sports betting sites, then you’ll see our top recommendations. We also list the best sites in a number of different categories too. For more advice, check out our guide to choosing a sports betting site.
Is online sports betting safe?
Sports betting on the internet is perfectly safe providing you only use reputable and trustworthy sites. There are some rogue operations out there, but if you steer clear of them, then you are very unlikely to have any problems at all. Just stick to our recommendations, and you’ll be just fine.
Is online sports betting legal?
We can’t answer this question definitively, because it depends on where you live. Laws about online betting vary from one country to another, so you should check your local laws to be absolutely sure. Most legislation relating to betting online applies to those that are offering the service rather than the individuals placing wagers, but it’s still worth finding out for yourself if you have any concerns.
How do I use a sports betting site?
The majority of sports betting sites are incredibly easy to use. You just have to open an account, which usually only takes a few moments, deposit some funds, and you are ready to go. It’s really a matter of simply navigating around a site to find the event you want to bet on, then choosing your wager and stake. If you need any assistance, there will probably be a help section, or you can get in touch with customer support.
What sports/events can I bet on?
You can place wagers on virtually any sporting event you can imagine these days. The top sports betting sites offer comprehensive coverage of pretty much all sports so it’s very likely you’ll be able to bet on any event you want to. Even if a particular event isn’t covered by a site you are using, you’ll usually be able to find another one where it is.
Do I need to be a sports expert to bet?
You don’t have to know a lot about sports to bet on them, but of course it helps. The more you know about a sport, the more likely you are to place successful wagers. Expert knowledge isn’t necessary, but if you bet on sports that you are familiar with or watch regularly, then the chances are you’ll make more money than if you bet on sports you don’t know a lot about.
Is it possible to make money betting on sports?
It’s perfectly possible to make money through betting on sports. There are in fact many people around the world that do exactly that. Some do it just to make a little bit of extra money on the side, while others do it full time as their profession. There are no doubt a number of very wealthy sports bettors, but it has to be said that it isn’t easy unless you get incredibly lucky.
However, if you are prepared to dedicate the necessary time and effort, then there’s no practical reason why you can’t make a healthy profit. We have provided a few pointers and some useful advice to help you with this.
How much money do I need?
Most sports betting sites have a minimum stake that you need to place (they also tend to have a maximum too), but this is usually very low. You don’t need much money at all to get started; it’s really about how much you are prepared to risk. Obviously you should never bet with money you can’t afford to lose, but it’s ultimately up to you how much you want to bet with. It’s a good idea to allocate yourself a set bankroll that you use to bet with.
What type of wagers should I place?
There isn’t any one type of wager that’s particularly better than another, because it’s really down to what’s best for each individual. While you are new to betting you are probably better off placing the straightforward bets while you get used to what you are doing. As you gain more experience you can look at some of the more advanced wagers and start using them too. Really, though, it’s a case of trying to place whichever wagers you think have the best chance of winning and offer the best value.
Who sets the odds, and why are they different at different sites?
Sports betting sites set their own odds, based on a number of factors. In particular, the odds will reflect their opinion on the outcome of a particular event and the amount of bets they have taken. Each site will have their own views on events and will be taking different bets, so it’s natural that the odds will differ.
You’ll also find that there are a number of formats in which the odds are displayed. If you aren’t familiar with the different formats, then you should really learn about them.
Why do sports betting sites offer bonuses and free bets?
At almost every single sports betting site you’ll find various bonuses and free bets are on offer. Sites offer these bonuses for two reasons; first, to encourage you to sign up with them, and secondly, to encourage you to keep betting with them. Sports betting sites know that in the long run they will make money off of most of their customers, so it’s worth it for them to give away some extra value to attract new customers and keep their existing ones happy.
What is live/in play betting?
Live sports betting involves placing wagers on an event that’s already underway. This enables bettors to bet while they are watching the action, and provides a huge range of additional betting opportunities.
What is a betting exchange?
A betting exchange is a platform that allows bettors to place wagers amongst themselves rather than through a bookmaker. The basic principle is that you can choose wagers you want to make or lay, and at what odds, and if someone else agrees to the opposite side of the wager, then the bet is struck. Exchange betting has become increasingly popular over the last few years.
What is fantasy sports betting?
Fantasy sports betting is an alternative way to try and profit from your sports knowledge, that doesn’t involve directly placing wagers on the outcome of events. Instead, fantasy sports involves picking a team of players from a particular sport, and then scoring points based on how those players do in real life.
For example, if you were playing in a fantasy NFL league you would pick a team of the NFL players that you think are likely to perform over the season. You can then bet on how your fantasy team performs against other fantasy teams.