Sports have become an integral part of our lives!
People love to play as well as watch sports. Every nation has a different sports team that participates in different types of domestic and international sports events.
With the advent of the Olympics, Commonwealth as well as other prestigious sports events, people are naturally inclined towards sports.
However, enjoying sports is not the only common thing. Apart from watching their favourite team play, people love to bet on sports as well.
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Over a period of time, sports betting have become very common all around the world. Betting on sports was illegal once upon a time. But now, you can freely bet on different types of sports and sports markets using online betting sites.
If you want to know more about sports betting, follow this guide. We will explain to you about betting odds, tips and show you how to participate in sports betting.
What is Online Sports Betting?
When you bet on sports online via the internet instead of going to the bookmaker, it is known as online sports betting.
With the development on the internet, computer as well as smartphone technology, betting on sports have become very convenient.
You don’t need to travel all the way to your local bookmaker to check the betting markets and place bets.
Instead, you can easily access online sports betting sites and apps to bet on sports. You can use your computer or your smartphone to access the betting sites.
It is like a virtual betting platform. You can check different types of sports, betting markets as well as betting odds from the comfort of your home.
Apart from that, you can deposit money in your betting account and place bets as well. You can enjoy various bonuses as well as rewards for betting online.
Online betting is very popular in India. Most Indians use online betting platforms to bet on cricket, football and all the other popular sports.
Understanding Betting Odds:
When it comes to sports betting, whether online or offline, you need to know how to check the odds. Betting odds are the most important thing about online betting. Odds represent the rates on each team. Your winning as well as losing amount depends on the odds. Here are the different types of betting odds and how to understand them.
- Fractional Odds:
It is one of the most common types of odds in online betting. As the name goes, it is in fractional form, i.e. numerator and denominator. It is quite easy to understand these odds. The majority of international betting sites use this format of odds. Here is an example of fractional odds and how to use them.
For example, if the odds are 8/1 and if the stake amount is 100 INR, you will get 100 X (8 + 1) = 900 INR when you win the bet.
- Decimal Odds:
This is another popular format of odds. It is very popular in India. If you are using an Indian betting site, you will find decimal odds. It is the easiest to read.
For example, if the odds are 5.5 and if the stake amount is 100 INR, you will get (5.5 X 100) – 100 = 450 INR when you win the bet.
- American Odds:
American betting odds are very popular in the US. However, it is slightly complicated than the other two formats. Here, the rates are given for both teams. One team will have a positive number while the other will have a negative number. Positively represents the team that is favourable, whereas negative represents underdogs.
For example, if Team A is +120 and Team B is -160, then you need to bet INR 100 on the underdog team to win INR 160. However, if you bet on the favourable team, you need to bet INR 120 to win INR 100.
Sports Betting Tips:
Now that you know how to read and understand the betting odds let’s learn about sports betting tips. As we all know, betting with real money can be quite risky.
Because of this reason, you need to be very cautious while betting. If you are a beginner, it is better to check online betting tips before you place the bet.
Betting tips are nothing but expert predictions. Before every bet, a team of experts and betting gurus come together to predict the outcome of the match. By reading the tips, you will get an insight into the match.
It will help you make a better decision while placing the bet. There are many betting platforms where you will get free betting tips before every match.
How to Bet on Sports?
Online betting is quite different from offline betting. While the terminologies are the same, you need to know the steps, to begin with. Here are the steps you need to follow to bet on sports.
- Step 1: Check multiple online betting sites and compare the odds. You need to choose the site which offers better odds.
- Step 2: Once you find a betting site with better odds, you need to sign up and create your betting account.
- Step 3: Now, you need to check the sports as well as the sports event you want to bet on.
- Step 4: You also need to check different sports betting markets.
- Step 5: Select the different types of bets you need to place by adding stake.
- Step 6: Check the bet slip and follow up on all the bets.
Online Sports Betting FAQ:
Why is it important to check betting tips?
It is very important to check betting tips to get valuable information and expert option about the bets.
Can you bet online in India?
Yes, there are many sports betting sites that you can use to bet online in India.
Do you need a computer for online betting?
It is not necessary to use a computer as you can use your smartphone as well as to bet online on mobile-friendly betting sites and betting apps.