Sports betting has been around for a long time. And though some of the traditional ways to bet have changed very little over the years, many online casinos now offer sports betting too, and modern technology has made it possible to try some intriguing variations. So let’s look first at those betting options.
Common sports betting options
Perhaps the most familiar kind of betting is the fixed odds bet. Here, the gambler agrees to wager on the outcome of a match, race etc. (before the event) and the odds offered form a contract between the gambler and the bookmaker. If the gambler’s prediction is correct, the bet pays out at the agreed odds regardless of whether the odds have changed after the original deal was made. Though betting on the outcome of a match is the most common approach, some gamblers have chosen to bet differently e.g. on the half-time score in a football game.
Live betting, which is also known as in play betting, is a more recent innovation. Internet access has made this approach very popular for novices and established gamblers alike. Bets can be placed at any time before or during a game or race, and it’s common to bet on many things other than just the final score: naming goal scorers, number of yellow or red cards and much more. This type of betting can seem very dynamic and engaging because different scenarios and wager opportunities continuously emerge and change as the game progresses. And instead of waiting until the game finishes to collect winning bets – like most fix odds betting – gamblers can cash out at any time.
Spread betting works a little differently in that wagers are settled according to a basic prediction (e.g. how many runs scored in a cricket match). But the spread betting outcomes and winning returns will depend on how close your prediction was to the eventual outcome. The whole idea is a little complex at first, and therefore not as popular as the other methods described.
And when it comes to betting, football (soccer) is the most popular sport on which people choose to bet. So let’s look at some tips to improve your chances of getting a good return on your stake.
Understanding different markets
Modern football betting options can vary greatly. So the first tip is to make sure you understand the rules and aims of the market area in which you decide to bet. While fixed odds bets on a win/lose outcome are simple enough, the strategies and possibilities for options such as correct score, odd/even outcomes, over-under score outcomes, plus lots and lots of in-play choices, can end up being rather confusing.
Predicting outcomes is mostly about in-depth knowledge of a sport, its teams and players. One of the best ways to acquire this knowledge is simply to watch plenty of football matches. Studying games in detail will give you an edge and also help you to select those matches where you feel the results are easier to predict.
Quality over quantity
When placing bets, it’s usually a poor strategy to pursue a broad, or even random, series of in play bets. Whilst this can be a lot of fun, it will rarely prove as rewarding as a more measured approach. If you stick to one or two types of bet, carefully select the matches and events on which to place your stake, and record your actions and the outcomes for future reference, you are more likely to achieve some success.
Read blogs and consider expert opinions
You may not always agree with football pundits, but reading and listening to such opinions should form part of your background research. The more analysis you absorb and consult, the better your understanding of football betting will become. In particular, many football experts feel the best ‘value’ bets are often those made against the most popular teams – but of course only when you spot the right conditions.
Understand the momentum of players/teams
During a match, a team’s prospects can be heavily influenced by momentum swings. Often starting with one individual’s dominance over their opposite number, a slide in momentum can spread to the whole team and almost make the result an inevitable conclusion. Professional gamblers see this early (while they can still get good odds) and bet accordingly.
Don´t rush to place your bet
Betting in haste is usually a poor option. The best strategy is to watch and take your time to assimilate the detail of any contest. Many factors besides momentum mentioned above can influence outcomes: injuries to key players, players losing or gaining form, manager confidence, refereeing decisions and a host of other features will become more apparent as a game evolves. So take your time and go ahead with your bet when you know the right moment has arrived.