There’s never been a better time for online betting customers. There are a wide range of bookmakers from which to choose, a huge variety of sports covered and hundreds of available markets for the biggest events. You can also choose to bet pre-event or alternatively In-Play, while Cash Out and Bet Builder have recently arrived to offer more flexibility.
However, all this betting choice can often be confusing. What are the best type of bets to place in order to land a profit? It’s important to understand how to bet online in an effective manner so that you are constantly placing value bets on the road to a long-term profit, even if you can’t guarantee a winner every time.
Register a Bookmaker Account and Claim a Bonus
In order to place online bets, you will need to have a registered betting account with at least one bookmaker. Every time you sign up with a bookie, there’s the chance to claim a new customer bonus and that can be a great way of getting started with an operator.
You also need to understand how betting odds work. You can choose to view your odds in fractional or decimal format. For example, you could back Manchester United at:
- 2/1 which are fractional odds
- 3.0 which are decimal odds
There is no difference between the two and the payout would be the same with both bets. If you placed £10 on the Red Devils and they won, you would get a profit of £20 and an overall return of £30 (£20 profit + £10 stake).
How to Win Money from Betting
Every day, there are millions of sports bets being placed all over the world. Some of them are settled as winners and others settled as losers. On a long-term basis, the bookmakers win against the punters more than they lose and we need to bet in a disciplined way if you want to make money from sports betting.
The first step is to bet on sports where you already have a strong knowledge. This will help you understand what is likely to happen in an event based on previous occurrences. You might even have some data to hand which is going to help you.
You also need to establish the prices that are available and whether the odds reflect the probability of an outcome happening. If a team is trading at evens and you think they have a better than 50% chance of winning, then you might think they’re the value bet.