Sports Betting |
Sports have long been a part of society – from when we used to go and watch gladiators fight in the coliseums, to today where we watch our favourite sport teams from the stands of multi-story stadium complexes.
Betting, too, has long been a part of the betting world – having a chance to put your knowledge to the test, and come away with a little extra cash, is something we can all be tempted by.
The power of the internet and marketing in general means it can be extremely easy to find a service now which will make your sports betting easier.
The power of the internet and marketing in general means it can be extremely easy to find a service now which will make your sports betting easier.
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Smarkets Betting Exchange
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Sports betting education
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Sports Betting Online
However, all of the different ways you can bet now, and the different markets you can bet on can make understanding the whole process a little bit complex.
The first thing you need to do is understand the market you are working in – what sport are you most intending to bet on?
The first thing you need to do is understand the market you are working in – what sport are you most intending to bet on?
This is what you should work out primarily, as understanding the general way the odds work for your sport is much easier than jumping into markets you know nothing about. Odds are changing all the time, the slightest bit of news could completely change the odds on a subject.
For example, football betting is massive not only in the games, but things like transfers and managers being sacked or installed in positions are huge markets too. Therefore, all it takes is a player to make one disparaging remark and odds are slashed, the punts come in and there is a potentially hot market opening up all from one set of quotes!
This is why understanding what you are involved in is so important – many sports have more understandable and calming ways of working out the odds – sports where not so many things can go rightly or wrongly as in football for example – and this means the market can be judged easier from a more balanced perspective.
The way you bet is also important, in terms of the bets you put down. What do you want to bet on? As it is arguably the biggest sporting market, let's use football again as the example. Do you want to bet on one specific match and try to guess the outcomes like the score, goal scorers, yellow cards, etc.? Or do you want to take your chances and call a series of scores right?
You could bet an ‘accumulator' which is a series of results for the price of one bet. So, you could bet on six different results, and it takes the odds of all the individual results, as well as the likelihood of them all coming true. These bets can mean massive pay-outs as they are relying on a series of results.
You could also bet on a match, as described above, as a series of bets about the one match itself. You could place a pound bet of there being a 3-1 score line, with a hat-trick from one player, and a red card for one team. Again, the odds are accumulated both singly and against how likely they all are to occur.
Understanding your market is equally as important as understanding what you are actually trying to bet on – the markets are all fairly self-explanatory in terms of how they operate as websites, but the bets you are placing obviously need to be slightly more informed otherwise you are just wasting your money – so make sure you understand fully how you are placing your bets!