If you are new to online betting and you are looking for the best online sports betting review 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 sports betting?
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 soccer, tennis and golf, 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 sports betting review guide below, we take you through the simple steps on how to get started with online betting.
Choosing a Bookmaker
The most important information to take away from this online sports betting review guide is choosing 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 and what is the minimum bet level. From there it is best to read third party reviews on the site and see what other online bettors think. If you are still not sure, ask the support staff a few questions and see how they respond.
Which Sport to Bet On
Probably the biggest decision a bettor will have to make is deciding on which sports to bet on. This 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 wagering at Australian betting sites, the more knowledge you have, the higher your chances of placing a winning bet. Always choose a sport that you are passionate about and have detailed knowledge of the players and the teams. If you know how a team or individual performs then you can place a sensible wager when the time is right. If you take anything away from this sports betting review guide, it should be “Know you sport before you bet”.
Tote Betting or Fixed Odds
No online sports betting review guide would be complete without talking about the different types of 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 bookmaker displays the approximate odds that they believe you will receive. This approximation is based on the quantities of bets received to that point.