Casino Insights

A Basic Guide to Online Betting

If you are new to online betting and you are looking for a decent online betting guide, you have come to the right place. In the notes below we are going to fill you in on the basics of sports betting and how to get started. So what exactly is online betting and how does it work? In simple terms sports betting is a form of online gambling where a bettor places a wager on the outcome of a sporting event. While online betting obviously incorporates sports like tennis, cricket and football, it also includes betting on financial markets and reality shows. Sporting wagers can be on fixture or tournament results, or on events that take place during a fixture. In the online betting guide below, we take you through the simple steps on how to get started with online betting.

Choosing an Online Betting Site

Any decent online betting guide will tell you that the first thing to do is choose the right bookmaker. Everyone has different needs and preferences when it comes to online betting. The key is to understand what you need, and then assess which bookmaker meets your requirements the best. The first step is creating a shortlist of reputable agencies. From there, you can identify which features are important to you; e.g. is the website beginner friendly & what is the minimum bet level. One of the biggest things to look out for is if your chosen website offers promotions and free bets. The best online betting sites offer significant sign up bonuses, ongoing promotions and loads of free bets.

Type of Online Bets

No online betting guide would be complete without talking about the different types of nz sports betting that is available online. Most sports offer fixed odds betting which is a form of betting where a bettor knows the betting odds they will receive when they place their bet. Because the odds can shift over time based on the quantities wagered not everyone will receive the same odds. In contrast to fixed odds betting is tote betting. This type of betting is usually reserved for racing betting where all bets of a particular type are placed together in a pool. The payoff odds are calculated by sharing the pool amongst all winning bets. The online bookmaker displays the approximate odds that they believe you will receive. This approximation is based on the quantities of bets received to that point.

What to Bet On

So how do you decide which sport to bet on? Any online betting guide will tell you that the decision should not be based on if you like the sport, it should be based on how well you know the sport. With any form of online betting, the more knowledge you have, the higher your chances of placing a winning bet. Always choose a sport or topic that you are passionate about and have detailed knowledge of the players and the teams. If you are interested in election betting or financial betting, it is important to make sure that you understand how each betting system works before you place any sizable bet.