Getting Acquainted with Sport Betting
Risk and reward are at the foundations of every last casino sport game. When you render gambling down to its simplest form, you get betting; a game that predates virtually every other game in the casino.
Betting is as uncomplicated as it gets: a player wagers money on a prediction, and if their prediction was correct, they receive a payout. The wager is an incredibly flexible version of gambling since it can be applied to so many different situations. Today, it is most commonly found online in the form of sports betting.
Sports Bets at a Glance
For many people, sports betting is an attractive hobby because it adds yet another bonus layer of excitement and anticipation to their favorite sport. Football is well renowned as the most popular betting sport. However, many other sports are also commonly bet on, including boxing, basketball, baseball, horse racing, dog racing, and hockey.
Not all bets are placed on sports at the professional level either; many amateur sports leagues are surrounded by a lively sport betting culture.
Most gambling takes place through online bookies, but it can often be found at sports venues, such as race tracks, depending on the country.
The Key Concepts of Sport Betting
Central to gambling is the concept of risk. Placing a bet, and thereby making a prediction, involves a certain amount of improbability. It does not make sense for a bet to receive a huge payout if the outcome was nearly guaranteed. Therefore, bets with a high improbability typically garner higher payouts.
In North America, the most common form of betting is the Moneyline one, in which bets are assessed as either positive or negative payouts. In negative payouts, there is less risk, and a player’s wager is worth less than the payout. For example:
||Because the risk is low, the player must wager $220 to win $100.
A positive payout is exactly the opposite. If a bet’s risk is high, then the player’s wager is worth more than the payout. For example:
||Because the risk is high, the player’s wager of $100 is worth a $150 payout.
In sports betting, a player can also do what’s known as “betting on the spread”. Spread one refers to wagering money on a range of outcomes – usually points or goals between the two opposing teams. Often, spread bets will be placed on whether a favoured team will win by a certain amount of points. For example:
||A bet placed on the Cowboys will be paid out if they win, or if they lose by less than 3 points.
||A bet placed on the Seahawks will be paid out if they win by more than 3 points.
In both cases, if the Seahawks won the game by 3 points, neither conditions would be met, and all bets would be refunded.
Other Ways to Bet
With gambling as simple and straight forwards as it is, there are countless iterations on ways to do it. In North America, the two most common types of bets are the Moneyline and Spread bets listed above.
Other types exist, however, such as proposition bets, in which very specific outcomes will determine whether a bet is paid out of not. These bets can refer to almost any outcome. For example, someone may wager a propositional bet on whether a certain player will score a goal during a certain period of the game.
The Benefits of Online Betting
Watching sports is already one of America’s favourite pastimes. Some people choose to buy tickets to the game or watch it at the bar with their friends. However, most often people choose to enjoy their favourite sporting event within the confines of their own home.
Sports betting online allows players to watch the game without distractions, and enjoy their home comforts. Sports gambling can become an extension of the game, or the focal point, it all depends on how invested you want to be.
Online gambling is easy to set up and can be done for free in some cases. This saves players the trouble of going to venues, dealing with physical cash, and interacting with bookies. The simplicity of sports betting means literally anyone can get into it.
What Is a Betting Bonus?
Online casinos offer a variety of promotions to attract new customers and encourage them to become members of the casino. Betting bonus is one of them. It is also known as welcome bonus, deposit bonus, or sign up bonus. You should not confuse it with no deposit promotion. In order to take advantage of the betting bonus, you first have to deposit a certain amount of money. The casino gives you a certain cash reward for this deposit that you make. This reward rate is variable and different for each casino. The most common rate is 100%. If we give an example using this ratio, the casino will give you 50 USD more when you deposit 50 USD. So you play with a budget of 100 USD in total.
Here are some things you should know about the betting sign up bonus:
- Regardless of the percentage, there is an upper limit to the amount of profit you can make. In the above image, this limit is 150 EURO. So you can win only that much. For this reason, pay attention to the upper limit, not the percentages, and do not deposit more than the limit at once.
- This promotion is a one-time offer. Sometimes it is divided into a couple deposits, but you cannot use it all the time.
- This campaign is usually offered to new members, but existing members can also benefit at regular intervals (for example, a certain day of the week). However, higher rates are offered to new members.
- The offer may be limited to a certain developer. For example, “Netent betting bonuses” mean that winnings you earn within the campaign can only be used in Netent games.
- There is a minimum limit on the amount of money you must deposit to take advantage of this offer. This limit is usually between 10 – 20 USD/EURO.
- You cannot withdraw the cash reward immediately. You are first asked to fulfill a wagering requirement. This requirement usually has a ratio between x30 – x40. For example, if you won $ 100, you will need to place a $ 3,000 – $ 4,000 bet first to be able to use it. Moreover, this requirement may have been limited to a certain period of time. For example, if you do not fulfill it within 30 days, your bonus will be deleted.
- Sometimes, a certain number of free spins are included in the offer. If you like slot machines, we recommend you to choose such campaigns. However, gifted free spins are usually only available in pre-determined games.