Sports betting platforms offer an exciting opportunity to use your own knowledge and intuition to make profits. But for beginners, the world of sports betting can seem a bit complicated and confusing at first. In this article we will explain to you step by step how to place a bet and introduce you to the most important types of bets.
Registering with a betting provider
The first step is to register with a betting provider. Pay attention to seriousness and choose a provider with a good reputation and a wide range of bets. In our betting provider comparison you will find a selection of recommended providers.
Deposit and bonus
In order to place bets, you must deposit money into your betting account. Most providers accept various payment methods such as credit card, instant transfer or PayPal.
Many betting providers offer new customers a welcome bonus. This bonus can be given in the form of free bets or a credit to your betting account. Read the bonus terms and conditions carefully before claiming a bonus.
Betting odds and winnings
Each betting event has a betting odds that reflects the probability value of the event. The lower the odds, the more likely the event is and the smaller the profit. The higher the odds, the less likely the event is and the higher the potential profit.
The winnings of a bet are calculated using the following formula:
Profit = stake x betting odds
Example: You bet €10 on a Bayern Munich win at odds of 1.5. If Bayern Munich wins, you will receive €15 (€10 stake x 1.5 betting odds).
The most important types of bets
1. Single bet:
The single bet is the simplest type of bet. You bet on a single event, such as a team winning a football match.
2. Combination bet:
With a combination bet, you bet on several events that must occur at the same time. In order to win, all tips in the combination bet must be correct. The advantage of combination bets is that the odds of the individual bets are multiplied with each other, which means significantly higher winnings are possible.
3. System bet:
The system bet is a special form of combination bet. You can not only combine individual tips with each other, but also select different tip systems. For example, you can specify that at least 3 out of 5 tips in your combination bet must be correct in order to win.
4. Live Betting:
Live betting allows you to place bets during an ongoing event. The odds change in real time during the event depending on how the game goes.
Other types of bets
In addition to the types of bets mentioned above, there are a variety of other betting options, for example:
- Handicap betting
- Over/Under bets
- Goals bets
- Outcome bets
- Long term bets
Tips for beginners
Before you bet, find out about the teams and players.
Set a budget and stick to it.
Play responsibly and don’t chase losing bets.
Take advantage of bonus offers to improve your chances of winning.
Start with simple bets and work your way up
Sports betting can be an exciting and entertaining pastime. With the right knowledge and a good strategy, you can significantly improve your chances of winning. Have fun and good luck!