Sports Gambling Online: A Beginner’s Guide

Posted by: Hilbert Mayer
Sports Gambling Online

Sports gambling online is a large and global phenomenon dating back to ancient days. It has been part of our culture even before the gladiators set foot into the coliseum. Betting has enjoyed a form of unparalleled popularity as fans try to earn more by placing bets on whatever market they see fit. The development of technology and evolution of the internet has helped to positively impact the betting industry. This is because betting sites have made it the process of placing wagers easier and more convenient than it had ever been. 

There has been a large shift with more and more punters opting to use the available sites as compared to traditional forms of betting i.e. using bookmaking shops and telephone based services. With some people being more reluctant to use the online platforms. This is mainly because they do not fully trust or comprehend how these sites work. This article provides a step by step guide on how to join and use betting sites for easier and more convenient betting. 

Sports Gambling Online: Choosing a Betting Site

This is the hardest part of sports gambling online. The market is filled with many different sites as options. It is up to the punter to sift through and find the best one with regards to his/her personal wants. This is normally because some sites offer more markets than others. In order to stave off competition, some sites may also offer bonuses and rewards for their users.

This all makes them competitive as they all try to get a slice of the pie which is the betting market. However, it is advisable for a regular punter to have multiple betting accounts on different sites. This enables you to get the whole perspective on the betting market as you may get more value for your money that way. Some recommended betting sites may include betway, bet365, BetNow and spin sports. 

Opening an Account

This comes after selecting your preferred online sports betting site. Most sites will have a “join now” or “create account” button clearly placed on their home page. You need to find the button and click on it. This will in turn load an application form which you will have to fill in with some personal information. This information will vary from site to site but is normally restricted to the following: Your full name, date of birth, address and email address. You will also be required to select a username and set up a password. Both of these will be necessary for you to log into your account once it is opened. 

Depositing Funds  

You will need a bankroll in order to start sports gambling. This is basically an amount of money set aside by the punter to be used exclusively for betting purposes. It varies from person to person as we all have different financial capabilities and situations. It is advisable to only use money you can afford to lose as a bankroll. Depositing is a fairly easy process. 

Most sites a “deposit” or “cashier” somewhere upon logging in to your account. Clicking that button gives you access to the available banking options for depositing funds. Some of the common available options include: Skrill, MoneyGram, Western Union, Neteller, Bank wire, Debit Card, Credit Card and Checks. Some sites have more options but the aforementioned ones are the most common. Upon selecting a suitable method, you will then enter the relevant payment details and the amount you wish to deposit into your betting account. These funds are in most cases added instantaneously into your account allowing you to place wagers immediately if you wish to. 

Placing of Bets 

With funds already reflecting in your account balance, you can immediately start placing wagers. The principle is always the same although the process may vary for site to site. This will involve navigating the site to find the markets that interest you and selecting the bets you prefer to place. You can then enter the amount you wish to stake and thus place your bet. Many sites will display a line of events upon logging in. Most of these events are the popular ones at enhanced odds or the ones set to start very soon. Keeping this in mind will help as you begin sports gambling.

On most sites, there will also be a list of all the different sports offered by the site. Clicking on one of the sports will open up a list of the upcoming events and open betting markets for that sport. Selecting a specific event will display the various online betting options available for that event. Upon selecting a bet you wish to place, clicking on it will automatically add it to your bet slip.

You will then have to enter the amount you wish to stake and confirm the selected wagers on the bet slip which shows the payout for the wager. After confirmation, the relevant amount of money will be deducted from your account. Payouts are automatically credited to your accounts. Winnings can be withdrawn immediately via a process similar to reverse depositing. You can also leave them in the account to act as a future bankroll for your sports gambling online.