When starting an adventure with bookmaker bets, a beginner user of a websites may feel a little overwhelmed. This is normal and results primarily from the sudden overflow of information and opportunities to act. Bonuses, promotions, huge tables with hundreds of events and each of them opens up to further expanded possibilities… All this can make a huge impression.
It is worth approaching it calmly and learning about the world of bookmaking step by step. The initial bets should serve as a guide. Don’t expect to start winning right away. Bet small amounts and explore each website of the online bookmaker, and over time you will start to notice more elements of the puzzle.
Basics of online sports betting
Before you start your adventure with sports betting, it is worth knowing a few basic concepts related to bookmaking:
- Bookmaker – a company that determines odds on sporting events.
- Odds – bet multiplier set by the bookmaker. It is the result of an in-depth analysis of the sports betting operator and determines how many times your bet will be multiplied if you bet on it and manage to win. For example, $2 on odds 3 gives a potential winning of $2 X 3 = $6.
- Stake – the amount you bet on the bet slip.
- Winnings – is determined by multiplying all the odds placed and the stake. The bookmaker awards it automatically.
- Loss – at least one of the placed odds did not end as per the bet. The bettor then loses the entire stake.
Types of bookmaker bets
The bettor can create many different types of tickets that differ significantly in potential winning amounts and chances of ultimate victory:
- Straight bet – the simplest single bet in which the player sets a stake for one selected event. The result is the stake times the odds.
- Combination bet – the most popular system of using one odds within a coupon. All added odds are multiplied with each other and ultimately with the rate. They give you the opportunity to win huge amounts, but with an appropriately reduced chance of success.
- Chain bet – a combination of a straight bet and a combination bet in such a way that the winning from a straight bet automatically becomes the bet for the next bet.
- Live bet – types placed on a separate tab on the bookmaker’s website. They have slightly higher odds and can be bet on all the above-mentioned coupons. Live betting has more risk, but also offers higher odds that change according to what’s happening on the pitch.
Basic rules of sports betting
When starting your adventure with a bookmaker, it is worth remembering a few basic rules:
- Check the bookmaker’s license. The portal must operate in accordance with general guidelines regarding the security of player data and money. To be sure in this matter, you need to make sure that it operates in accordance with an officially recognized license.
- Read the regulations and conditions of use of the bookmaker’s website. By registering an account, you always get access to detailed information about using the portal. There is important information there that is worth knowing before placing your first bet.
- Manage your budget appropriately. Carefully prepare your finances for betting with the bookmaker and stick to these rules. Exceeding established limits may be a signal to take a break from betting.
- Always be aware of your choices. Never make hasty decisions – they always lead to failure. If you don’t have an idea for a coupon, take a break.
And don’t forget that bookmaking is designed to increase the pleasure of watching sports competitions and provide good fun. They should never be viewed as a source of income.