Betting on sports is a very simple concept on the surface. For a beginner, it may be difficult to understand all those numbers, but we will try to explain it briefly below.
The most important thing about sports betting is the odds. The odds show how big the bookmakers consider the chance that a certain result will actually take place. For example, in football you have 3 possible outcomes. The home team wins, the away team wins or it becomes a draw.
Take an example: The odds for FC Barcelona – Real Madrid
1. Home team wins: 2.43
2. Away team wins: 2.45
3. Draw: 3.24
So you can bet on 1, 2 or 3. You bet $ 10 on Barcelona. If you win you get $ 10 x 2.43 = $ 24.30. Or you bet $ 10 on a draw. With a correct prediction you get $ 10 x 3.24 = $ 32.40.
The odds therefore determine how much you can win with your bet.
With football matches you have 3 possible outcomes. However, you can also bet on things like “correct score”, “more or less than 2.5 goals”, “number of yellow cards”, “first goal”, etc.
Bet on Other Sports
In addition to football, there are many dozens of other sports that you can bet on. Often that works exactly the same as with football. In other sports, however, 3 different outcomes are not always possible. We always recommend that you only bet on sports that you really understand. Sports betting can be seen as a skill game. However, if you bet on every sport, it is pure gambling.
Live Betting
Live betting is the most popular betting option in sports betting. Many online bookmakers offer punters the opportunity to watch all kinds of sports matches live on their site and thus bet live immediately. It is an ideal opportunity for people who really understand a sport to win a lot of money. You can first see the shape of the day of certain team before you place a bet.
