Sports betting is not the main topic at casino.events, but almost all live casino providers also offer sports betting. Therefore, we want to illuminate the topic of sports betting here a little more detailed.
Instructions on sports betting
The topic of sports betting is well known and many are interested in trying betting, but do not know exactly how to approach the whole thing or how sports betting works at all. In the following, we will explain how to proceed, what has to be considered and what means which term.
Now to the concept of sports betting. Sports betting is an umbrella term for all bets in all sports. The German dictionary describes the word “betting as “an agreement between two people, according to which the one who is right in his claim gets something (e.g. money) from the other. Thus, sports betting is an agreement that has to do with the outcome of a sporting event.
Bets can be placed in a betting office, online or via app. The games are defined on the basis of odds given by the bookmaker, so that it is possible to see how much the winnings could be in the end. In the following, there is a detailed explanation on the subject of odds, as odds are one of the main components of betting.
Sports betting odds
Behind the so-called bookmakers (betting providers) are professional teams that set the odds for each game and for each individual bet. The odds vary from bookmaker to bookmaker.
The odds are quasi the bookmaker’s counteroffer when the bet is placed. Conversely, how likely does the bookmaker consider the outcome of the bet to be? The more probable the outcome of the bet is for the bookmaker, the lower the odds. In return, the odds increase more and more the less likely the bet is to be settled.
For the bettor, it is therefore very attractive to bet his money on a high-frequency bet, as the winnings are definitely higher in the end than with a low-rate bet. However, you run the risk of losing the bet, including your money, as the odds are high and the outcome is likely to be negative.
In the beginning you should concentrate on the low odds to get to know the world of betting and to recognize the fun factor and not directly suffer losses.
Types of bets
The offers of bets on the individual sports are huge and sometimes you don’t know which bets should be chosen or what each bet actually means. To list and define every single type of bet would go beyond the scope of this article, but here are the most popular types of bets:
- Football betting
- Basketball betting
- Tennis betting
- Ice hockey betting
- Handball betting
- American Football Betting
- Horse betting
The sports betting bonus
Every betting provider is always trying to win new customers, the easiest trick is to offer a bonus payout. The bonus varies from betting provider to betting provider, but almost everywhere new customers receive an additional bonus as soon as a certain amount has been deposited. It is important to read the terms and conditions in advance. Behind some bookmakers and their bonuses are sometimes conditions that are important to know in advance.
One must also distinguish between the different types of bonus that are available. There is the deposit bonus, the free bets, the risk-free betting and some other bonus variants.
Deposit and withdrawal
The deposit and withdrawal is an important point in betting. The deposit serves as a self-explanatory way that a bet can be placed. The payout is actually the more interesting point for the bettor, since it is at best a distribution of profits and the own account is thereby increased. Before a bet is placed and you put your money in the hands of the bookmaker, you should urgently read the terms and conditions on the subject of deposit and withdrawal.
A small tip, in case the bet you have placed will most likely not pay off: The “Cashout” function. The cashout function offers bettors the possibility of hedging their winnings or minimizing their losses. With every bet placed, the fate of the win/loss is in the hands of the bookmaker, as no one knows in advance whether the bet will go up or not. The cashout function is a feature that offers the bettor the possibility to intervene in the betting slip and bring forward the settlement time. The settlement time can therefore be controlled by the bettor himself by simply clicking on the “Cashout Button”. The most important payment methods are:
- PayPal
- Neteller
- Skrill
- Immediately
- Giropay
- Bank transfer
- Credit cards
- EPS
Popularity of sports betting
Nowadays you can’t imagine the sports betting without it, there are countless betting friends, they rave about thrill and excitement when they watch a game they have bet on. If you give very good tips, you can earn really good money with sports betting. Many betting friends make money very easily with sports betting and other betting friends use the offer as a pastime or entertainment.
But be careful, because in reality there is no really easy money to be made. Most alleged professionals who sell tips on the net are cheats. We are happy to give you our assessment, but you will never read that we claim to have inside information or guaranteed profits. Sports betting should be fun above all!
Security The betting provider
When it comes to money or you have to give your own data such as name, bank details, etc., many people are still sceptical, which is partly understandable, because there have been enough black sheep on the market. Meanwhile you don’t have to worry anymore, because all data is treated strictly confidential. The sport bet offerers earn very much money at their customers and want to satisfy them therefore also contently, because a content customer comes back rather again, than an unsatisfied customer, only therefore the offerers cannot permit themselves it something zusululd to let come and work very respectably. Also many providers work very closely with gambling addiction advice centres. The providers cooperate with well-known Internet payment methods such as Truly, Paypal, Neteller, Skrill and many others.
Sports betting without any risk?
If you want to test sports betting without any risk, there are many providers who offer you the option of having your first bet refunded in full in the event of a loss. It works like this, you deposit a small amount at the beginning, bet this amount and if you lose, you get the bet amount back. If you want to get the money back without any fees, because sports betting is not the right thing for you, you can do it for free. The money is yours if you win, of course.