Betting

Sports betting has been around for a very long time but started to become more organised in the 19th century when betting on horse racing became very popular among higher social classes.

Bookmakers started to offer different odds to certain outcomes and it didn’t take a long time before sports betting started to extend to other sports activities for example baseball and football.
betting online

Betting online

It is hard to say when online betting started but it is generally accepted that is was born in 1994. In 1994 the Caribbean nation of Antigua and Barbuda passed the Free Trade and Processing Act, allowing licenses to be granted to open online casinos. Since then the online betting industry has grown at a very fast pace and become a business worth billions every year.

With the revolution of the internet sports betting moved from bookmakers on the street to online websites. Whereas in the past players used to have a restricted selection of games today the selection of games exploded. Today one can bet on everything from popular sports like football, tennis and golf to betting on presidential candidates.

Sports betting is a form of gambling that requires placing a wager as an outcome of a sports event. The main aim is to win additional money. A company providing sports betting can be called bookmaker, bookie, sports book or betting agency. The player is called a punter.

Sports betting is an interesting game but it can also be a bit confusing if you are new to it. There are different types of sports betting wagers.

• Parlays- This is one of the most popular forms of sports wagering. A parlay is a single bet that links together two or more individual wagers winning together. The benefit of the parlay is that there are much higher payoffs than placing each individual bet separately since the difficulty of hitting is much higher.

• Spread betting- This is a form of betting in which the bettor wins or loses money according to the margin by which the value of a particular outcome varies from the spread of expected values quoted by the bookmaker.

• Money line- This is a bet on the outright winner of the game or event without any point spread odds. Simplified this is a bet on who will win.

• Teasers- A teaser is a type of gambling bet that allows the punter to combine his bets on two different games.

The sports betting process is quite simple, the first thing you have to do is to choose the sport you want to bet on. The second step is to choose the bet option you want. Make sure that you understand all the betting rules as there are many rules that can catch you. The final step is to place your bet.

Choose the bookmaker carefully

One of the most important things to look for when choosing which site to bet on is to make sure that the site is regulated and licensed by the governing body of the country in which the company is registered. You should look for the license number on the website before you register. All serious websites have this number displayed; if you do not manage to find it always contact the customer support.

choose the right bookmaker

Bet Responsibly

Whether you are betting online for fun or to make serious money it is very important to keep control of your gambling habits. We suggest that you set up a budget of the amount you want to play for a certain amount of time. One has to have realistic expectations as to the likely outcome of your gambling.

Another important tip is to never chase your losses. In other words only bet money that you afford to lose. If you are interested to start betting and would like some help finding a good casino to start we recommend you to read our guide.