Online Betting has grown hugely over the last 20 years. The amount of people betting via the internet is into millions and with this growth has been an increase in the markets available to bet on.
What Is The Most Popular Events To Bet On?
Whilst the answer to the above question varies depending on what region you are betting from, the answer is almost always Soccer. This is certainly the case across Europe, Africa and Asia and the soccer leagues you can now bet on is impressive. The English Premier League is the most popular league to bet on but you can now get stuck into obscure leagues from all over the world as well as reserve, youth and International football. Other extremely popular sports include tennis and horse racing along with a host of US Sports.
Online betting is not limited to sport. Whilst it is sport that offer the widest range of markets you can also bet on Politics and the outcome of television shows amongst other things.
What Markets Are Offered?
The amount of markets on offer will be dependent on the sport or event in question. Whilst more obscure sports such as Bandy may offer a simple match betting market, popular sports such as soccer can offer a huge amounts of market per fixture including match winner, correct score, handicap betting, first goal scorer, last goal scorer, corners, bookings etc.
Why Are The Odds So Confusing?
This is a commonly asked question by people new to gambling and at first site they can be. However, once they are explained it is pretty easy to get the hang of. We explain the three different odds formats below.
Odds in this instance are shown as a fraction of your initial stake. So, if you place a bet of £10 at 4/1 you simply divide the numbers in the odds together and then multiply it by the stake to display your winnings. 4 / 1 = 4 * £10 = £40 + stake returned. In addition if you place £10 at 15/2 you would make a £75 profit (15 / 2 = 7.5 * £10 = £75 + stake returned.
In some ways this is a simpler way of doing things and is found on exchanges. The decimal display is the money you will receive back off of a £1 stake. So 1.93 would mean a profit of 93p. It couldn’t really be more simple!
American Odds are all based on bets of $100. If the odds are -100 this means you need to place $100 to win $100 (evens in fractional terms. Alternatively odds of +970 means a bet of $100 would result in a +970 profit.
Is Online Betting Safe?
Whilst this was not always the case, betting online is now extremely safe and secure. Bookmakers are heavily legislated and regulated by third parties to ensure that all goings on are above board. When picking a bookmaker to gamble with just check that they hold a license to function in the country you are gambling in and you should be good to go.
Benefits of Betting Online
There are a number of benefits of gambling online as opposed to in a betting shop. The most notable of which is the opportunity to place a bet in an instance. This is essential for those looking to bet on In-Play markets.
You also have the opportunity to instantly cash-out your bet online. This means that you may be offered the chance to make a profit before your bet has actually come in.
However, the biggest attraction to betting online is the fact that in most instances bookmakers offer slightly bigger odds. There does not really need to be a bigger incentive!