How to bet online – our top 10 tips
- 1 How to bet online – our top 10 tips
If you’ve never bet online before, or if you are still relatively new to the game, we’ve got a few bits of very important advice for you. Even if you are well experienced with online betting, our tips should help you to get the most out of your experience. Without further ado, check out our top 10 tips for how you can bet online below.
Make use of bonuses
To stress a point that many of us are acutely aware of, yet we don't particularly want to acknowledge – sports betting, in general, is always in the bookies’ favor. Logically, this has to be the case, otherwise, no betting brands would actually exist. The good news is that you can turn this around by making use of sportsbook bonuses, as these often provide a way for you to gamble without constantly using your own money.
Sports bonuses can come in the form of cashback rewards, deposit matches, additional profit boost, enhanced odds, and several other types.
Don’t always back the winner
Contrary to popular belief, it isn't the best strategy in sports betting to always back the winner. When you look at the odds and indeed the form book, it will always be somewhat tempting to go for the favorite. However, in order to make a decent return on your money, you will need to actually stake a greater amount in order to make the same return that you would if you had bet on the underdog.
Of course, the favorite in any sport is clearly the favorite for a reason, but that doesn't guarantee that they will ultimately emerge victorious in any event.
Do your research
This might seem a bit obvious, but it really can pay dividends to do your research before making any sports wager. You should look at things like recent results, whether there have been reports of any injuries in a team or individual, and how one team/individual might have performed against another in previous meetings. All of this can help you to create a clearer picture of how a sports game might play out, and you can apply this knowledge when making your bets.
Choose a reliable site
Choosing a reliable site is extremely important, as you want to make sure that you are making sports bets from a secure platform. Security, in this sense, means that the online sportsbook is licensed, that it protects your data online, and ideally, you want to find a site that has a proven track record. This isn't always possible, especially with new sites, but you should still try and get as much evidence as you can before signing up with any sports betting provider.
Pay attention to the form book
This is closely related to doing your research, but this one is mainly focused on statistical analysis rather than general news. Maybe you are considering betting on a soccer game, and when you do your research you realize that a player has scored 3 goals in the last 3 games, showing that he is in hot form. These are the sorts of intricate details that online sportsbooks won't tend to publish, so you then need to look into the form book to try and find the value in the markets.
Compare the odds
Over time, this factor can make an enormous difference concerning the amount of money won within the sports betting markets. Of course, we must stress that you are never guaranteed to win money with sports betting, but that doesn't mean you cannot seek out sites that provide the best odds. By finding those sportsbooks that do have competitive odds, it means that when you place a successful bet, the payout will be higher if the initial odds were higher.
Stay on top of your bets
When we say stay on top of your bets, we are specifically stating that you should check out what is happening with your bet after you have placed it. This is because online sportsbooks are now big fans of offering cashouts for players if they have made a potential winning bet. Let's say that you made a risky bet before a game started, and you bet on the underdog, yet halfway through the game, this underdog is actually winning.
This is a scenario in which you might find that a sportsbook offers you the option to take an early profit rather than let the game run its course. Whether you choose to do that or not is completely up to you, but it's important to watch the game so that you can estimate when a cashout might become available.
Control your spending
In the interest of responsible gambling, this is a huge factor to pay attention to. Unfortunately, it can be easy to lose track of how much you have spent on sports betting, and it can be all too easy to bet more than you can afford. This is why we would highly encourage you to keep a log of how much you spend sports betting, as this should ensure that you remain in control.
Bet small as a beginner
This tip doesn't just apply for if you are a beginner, it also applies if you do not have such an enormous bank balance to just spend a ton on sports betting. By betting small, you will remain in control of your finances, but you can also explore different kinds of sports bets to become familiar with how they actually work too. Once you become familiar with sports betting and you have more of an idea of how it does work, then you can bet more money if you like, but only if you can afford it of course.
Look for appealing in-play markets
In-play betting is incredibly popular in 2020. That is because you can find odds for certain markets that are far higher than you will get in the pre-match markets. Naturally, certain events within a sporting game can cause the odds to fluctuate drastically. When this happens, you could catch a really appealing market at a fantastic price.