Betting on sports online – the ultimate guide
It’s the season for sport and what better time than now to place a bet on your winner! Whether you want to bet on Nadal winning Wimbledon or on England to win the Euros, it couldn’t be easier to bet online, especially if you’re new to it. Use our guide to help you decide which betting site you should use, which bet to place, how much you should play with and how to withdraw your funds so you have the best online betting experience possible! Happy playing.
What are the different ways to place a bet online?
Luckily for you, there are plenty of different ways to place a bet online, regardless of how much you want to put down. If you want to place a bet on the Euros, for example, you might opt for an accumulator bet, a very popular choice for tournament competitions.
An accumulator bet works by you putting money down on a set of results, which could be: England to beat Croatia, followed by Czech Republic to beat Scotland, and all of the results will accumulate and decide how much you’ve won. The best part is that you can choose how you want your accumulator bet set up – do you just want an accumulator for the group stages of the Euros, or do you want it all the way to the Euros final match? Many people use this betting option because it spreads their money, and increases their chances of winning. Better still, a lot of online betting companies like BetFair and Bet365 offer “cash-out” options on accumulators so if you’re currently profiting from your bet, you can “cash-out” if you think you’re about to lose it on the next game.
Other betting options include the standard “straight bet” which does exactly what you’d think – allows you to place a direct bet on the winner of a game. For example, France to beat Switzerland. The odds for a straight bet differ from betting site to betting site, but always tend to be lower than an accumulator bet.
Choosing which sports betting site to go with
There are plenty of respectable online sports betting sites for you to choose from; BetFair, Ladbrokes, BetFred, and PaddyPower. Before deciding which site to go with, however, it’s important to know that each site will offer you an incentive to sign up with them if you’re a new customer.
These incentives can range from extra credit that you can place on a bet of your choosing, a free bet that you can place anywhere on their site, or lower risk odds on singular bets. Be sure to choose the one that makes the most sense to the bet that you’re planning to place.
How to withdraw your winnings
If you’re lucky enough to win your bet on a sporting site, then all you need to do is log on to your account, and click “withdraw funds”. Make sure that you have a current bank account associated with your account so that the site can successfully transfer the funds, and within 24 to 48 hours (depending on the site you’ve chosen), the funds will be in your bank account ready for you to access!
So, if you’re looking to place a bet this summer on one of the many sporting events going on, then the 3 key things to look out for are:
- Trustworthy betting sites
- Comparing the odds that each site gives you for the best deal
- Incentives for signing up