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Table of Contents
What is Online Betting?
Today, our perspective on sports is more limited to a competitive physical activity or game. In contrast, sports come in various forms such as mainly physical (Cricket, Wrestling), rugby or athletics, predominantly motorized (Motorsports, Formula 1), primarily co-ordination (Billiard), or mainly animal-supported (Horse Racing).
When there is an action, there is a reaction, and in this case, the response may be much more exciting than the sport itself. As old as time, sports betting has been the initial entertainment option of massive crowds, whether it was gladiator games in the Colosseum or equestrian sports in Birmingham at the end of the 18th century.
Today, access to an Internet connection allows us to bet on sports independently from location or time. Even if you are in Arctic Circle, you can easily wager on your favourite Cricket team on one of the online cricket betting sites. All you need is a device and the Internet.
All You Need To Know About Sports Betting
When we look at the evolution of wagers, we are all impressed by the significant opportunities bettors earned in decades. Without taking a step from our comfy houses, we can reach the list of most inclusive sports games, and it is possible to find almost all bet combinations, from the safe zone to the killer-diller bets.
Every country comes with a changing variety of popular games. This may differ in their history, weather conditions, geographical position, and neighbour regions. Colder countries such as Canada, Switzerland, and Iceland mainly focus on winter games and Ice Hockey, while warmer countries are more into outdoor sports like Cricket, Football, and Tennis.
For example, India is home to one of the largest online Cricket betting markets worldwide. Considering the great love of Indians for this legendary bat-and-ball game, this does not surprise any of us. Cricket team players are more popular than TV celebrities, and online IPL betting is the most demanded section in betting sites in India.
Online betting sites in India present a myriad of game options, bet types, and live betting for sports enthusiasts.
The betting market is not only online betting websites, but there is a vast impeller system ticking in the background. You will find sites where bettors discuss upcoming matches, player performances, and the results. They can even share their “certain” bet slips in these forums. These platforms may help people shape an opinion on possibilities, the condition of the team or player, and the outcomes of betting types.
On the other hand, as we always underline the importance of a gaming licence, higher authorities regulate these facilities’ operations. Without them, the market would be full of speculation, fraudulent websites would keep your bankroll without excuse, and you would not have a place to present your complaint in any circumstances.
Another part of the system is payment providers, including debit/credit cards, local banks, digital wallets, and prepaid card vendors. These platforms serve payment methods to deposit and cash out your winning in the smoothest and fastest way. At the end of the day, we bet to earn some extra money; thus, it is essential to use a practical form with fewer transaction fees or none.
In the following headlines, you will find helpful information such as betting terminology, how betting odds work, and prevalent betting types for filling your betting slip more consciously, profitably, and efficiently. Therefore, you can have complete control over what is going on.
Sports to Bet Online
Sports to Bet OnlineIn old times, bettors were supposed to visit brick-and-mortar bookmakers to place their bets. The game options, payment methods, and time were limited, and most of them were just giving space to the local events or uttermost national ones. Traditional bookies were like a social club back then. Less functionality, but more gatherings.
Online bookmakers make it possible to bet on hundreds on sports events with a click of a button. Here are the most popular betting markets in India:
- Cricket betting
- IPL betting
- Kabaddi betting
- Live betting
- Football betting
- eSports betting
- Exchange betting
- UFC Betting
Sports Betting Basic Terms
Sports Betting Basic Terms Betting jargon can be immensely perplexing for those new in the field; however, to master terminology will give you a helpful perspective to comprehend the differences. Here, you will find the most used online betting terms and their brief definitions:
Sportsbook: (aka bookie or bookmaker) The place to bet on the outcome of sporting events.
Action: A bet on a game.
Bad Beat: An outcome of an unexpected result, although the result was almost inevitable.
Dollar: (aka Buck) A stake of $100
Dime: A stake of $1,000
Nickel: A stake of $500
Chalk: The team which is the favourite in a game
Cover: The results in a point spread wager.
Even Money: (aka Even) A $10 stake to get another $10.
Handle: The bet amount on a specific game.
Handicapping: Checking up on the statistics to pick possible winners.
Hedging: Placing a bet in both outcomes to win a small amount of money back.
In-game Wagers: Live Sports Betting wagers on ongoing games.
Limit: The maximum wager which is available on a particular game.
Lock: An odds-on favourite.
Long Shot: An odds-on underdog.
No Action: A game with closed bets and wagers refunded.
Off the Board: A bettor who does not participate.
Push: A condition where there is no winner, and all previous wagers are refunded.
Sharp (Wiseguy): A bettor professionalized in sports.
Taking the points: To place a bet on the underdog against the spread.
Total bet (over/under): Wagering not on the winner but on points scored by both teams.
Under: A situation where the score between two teams does not cover what the sportsbook set.
Underdog: A team not favoured to win the game.
Types of Odds
Since none of the sport game results can be indeed predicted, the online betting odds steps in to estimate the outcomes. In a nutshell, we can define betting odds as a measure of the likelihood of a specific result. Odds are calculated according to the ratio of events, statistics, and other conditions.
You may think about what can be confusing about odds; however, you may encounter different forms of betting odds on online betting sites. Understanding how they are read and mean will allow you to see the outcome possibilities instantly and take position accordingly. Here, we have listed the three most common betting odds you may see:
Decimal Odds (aka “European” odds or “continental” odds)
This odd type is most prevalent in Europe, Australia, New Zealand, and Canada, and they are the easiest for sure. You can decide which one is the favourite or underdog in a blink. A decimal odd number shows the total winning amount for every $1. Your stake will be already included; thus, the calculation of bets is much more straightforward!
For example:
Barcelona F.C.: 4.00
Paris Saint Germain: 3.00
These numbers are what you can win for each $1. If you pick Barcelona to bet $100 on Barcelona, if your prediction is correct, you will take a total payout of $400 ($100 x 4.00). Therefore, your net profit is $300 after deducting the initial stake, $100.
Let’s assume you choose to bet on the French team, Paris Saint Germain, for $100. This time you may win $300, and your net profit will be $200 after the deduction of the initial stake, $100.
Fractional Odds (aka “British” odds or “U.K.” odds)
Fraction odds are primarily seen on British and Irish online betting sites.
You will see them as a slash (/) or hyphen (-), and they are displayed as 8/3 or 10/1. Most of the best bookmakers in India place their bets in the form of fractional odds.
For example:
In a scenario, 8/3 (eight-to-three) means winning $8 for every bet amount of $3. If you win your bet, a total amount of $11 will be sent to you. This will also include your $3 initial stake inside.
Although fractional odds look more complicated compared to decimals, once you learn how they work, you can easily calculate the potential returns and have an opinion on which has a bigger chance of winning.
Money Line Odds (aka “American” odds or “U.S.” odds)
Money Line Odds are seen in the United States mainly.
Favourites are symbolized with a minus (-) sign, while underdogs are shown as a positive (+).
The range between the favourites and the underdog shows the high probability of winning for the favourite.
For example:
East Bengal Club India: +755
Dempo SC India: -460
If you wager East Bengal Club India, your $100 will be $855 with a $755 win and your initial stake, $100.
Do you believe that Dempo SC India will win over East Bengal Club India? Then, things get tangled this time; you need to bet $460 to win $100. At the end of the game, you will have a total payout of $560 with profit and an initial stake inside it.
Different Bet Types
Different Bet TypesYou probably think online betting is more complex than you thought. Multiple betting terms, odds and now online betting types! No worries! We assure you that most of these facilities will contain a glossary explaining small details. Plus, your betting slip will also include extra information for your wager.
We want to enlighten our readers regarding the specifications of the most known betting type and, most notably, which one is the best betting type depending on different sports branches.
Money Line Bets
Money Line BetsMoney line bets are the most prevalent form of betting due to their simplicity. It is to bet on the winner. Your favorite wins; your bet wins. Otherwise, it loses. For example, if you place a bet on the Indian National Cricket Team versus Bangladesh National Cricket Team and the successful Indian team takes the game, you are the winner.
Point Spread
In this betting type, bettors bet on a team’s winning margin instead of the outcome. A (-) shows the favorite team, whereas the underdog is symbolized by a (+). If the team is seen as -8.5, this refers to it must win 8.5 points or more. The opponent is automatically priced at +8.5; thus, it must take the game or lose by fewer than 8.5 points.
Parlay Bets
A parlay bet (aka Accumulator (or Acca), Combo Bet, or Multi) is an option which is a combination of more than a bet. Every game (leg) in the slip must be the winner for a parlay bet to win. Let’s assume you have filled a seven-leg parlay, and six of them won, but one lost. Then your parlay ticket is lost.
In other words, a parlay is a single bet linking more than two bets, whereas the winning relies on every bet inside. They are mainly preferred for the multiplications of winning amounts. Since the risk is greater, the outcome of a parlay will be higher than the sum up of betting all games one by one.
However, keep in mind that one failed leg may ruin all the bet slips.
Live Betting Explained
Undoubtedly, betting is an excellent refreshment in our slack and prosaic daily routine. Can it be better than this? Is there a way of increasing the blood rush? The good news is we know away! Live Sports Betting!
There is no better way to spice up the game a little bit. Most online betting sites in India give space to various sports and their live betting option as well. Bettors can place their bets on ongoing games and earn more extensive amounts than regular future bets.
Another generally asked question is, “Is Live Betting better?“
One sure thing about live betting is that it makes bettors more into the games. In contrast with the future bets before the game starts, in-play betting keeps you in the game.
So, you will have ample knowledge and view regarding the pluses and minuses of the team, annual performance, the role of weather, ground conditions, and whether your favourite is a home or away team.
Online Betting Apps
Online Betting AppsThanks to the cutting-edge technology of our time, we are apt to utilize a myriad of applications for browser-originated websites. Throughout these apps, we do not need to carry three kilos of laptops with us or stick to the screen of a desktop computer.
Well, online betting apps are no exception. Many online betting sites cooperate with developers to create user-friendly applications compatible with iOS, Android, Windows, and Blackberry. Users can easily find these apps in the Apple Store or Google Play.
Are you one of those who do not like to install applications on your device? Yes, continuous updates and massive CPU usage can be tiring.
However, a considerable percentage of facility sites are optimized to be used in browsers such as Google Chrome, Opera, Firefox, Safari, and Dolphin. Players will not have to reduce their expectations due to seamless accessibility, speed, and smooth betting.
How to Find The Best Online Betting Sites
How to Find The Best Online Betting SitesWe know how tough it can become to find a comprehensive platform in this colossal ocean of options. Especially for the Cricket Betting lovers in India, hundreds of sites promise to be one of the best among cricket betting sites. But how can we recognize a reliable and user-friendly website without loading our money?
We want to share our experience with our readers. Here are some online betting tips for finding an ideal establishment:
Is it trustworthy?
Safety first! Before giving your valuable personal and financial data to the hands of an unknown, there is something crucial: A gaming licence. These licences are primarily written on the bottom of the main page with a number and address.
You may think of them as ISO certificates to guarantee that the platform is legal. Never lose time for one with no valid licence.
Payment Options
Actually, safety and payment options have a close connection. A reliable platform cooperates with secure payment methods. These methods contain debit/credit cards, prepaid cards, digital wallets, and bank transfers.
In all cases, you must pay extra attention to whether they provide the payments you can sustain. Do they work with your bank? Do you have access to these digital wallets? Does this platform allow you to deposit and withdraw in your local currency?
Please note that otherwise, you can pay extras such as exchange fees and pricey transaction fees.
Responsive Customer Support
Even though everything is sunshine and roses, there will be a time you will want additional assistance or a question to ask. Professional customer service is a sine qua non in a facility. What’s better is to contact them in your language.
Many betting sites provide multilingual assistance for players from all around the globe. It is also a plus to serve 24/7/365 help for those not in the same time zone.
A Comprehensive Sports Gallery
It is wise to take a closer look at the sports branches placed in the betting section. There is no point in opening an account on a website that does not serve IPL betting (Indian Premier League) if you are craving Cricket games to wager on.
Is there Live Betting? As we have said before, ongoing game bettings can be the cherry on the cake.
Moreover, some all-in-one betting sites may have online casinos and live casinos among their titles. So you can give a break for slot games or Blackjack when you are bored of sports betting.
How to Place Your Bet
How to Place Your Bet Now, you have information on many subjects about the concept of “How to bet online“, You have already learnt the most popular bet types, differences between odds, and betting jargon. It is time to demonstrate a “Making a Sports Bet” process to do a final touch step by step.
In a scenario where you desire to wager on an international Cricket game, initially, you must open an online betting account. After following the prompts and loading some into your account through the provided payment methods on the website:
Log in to your account.
Visit the Sports section to find “Cricket” in the list and click on the game you want to bet on.
Insert your bet type together with the total amount.
After confirmation of the betting, an online betting slip will be sent to your registered email address. Now, lay on your back and wait until the game ends to see if you have made a good decision.
Extra Online Betting Tips
Extra Online Betting TipsOverall, Sports betting has always been an excellent form of entertainment for centuries. Thanks to the fantastic opportunity to reach all the sports events worldwide via the Internet, the sky’s the limit when we want to put a wager on any game from Soccer to Horse Racing.
However, please remember that there is no 100% bet no matter how strong your team is, or all the odds are in their favour. When there are odds, we can not talk about certainty. For this reason, never and ever turn a blind eye to responsible gambling principles.
We also like to underline the importance of signing up on trusted and licensed facilities. Since you are putting your hard-earned real money in, be sure that the site respects you and your concerns. Do not stay there for bonuses when you feel something wrong is cooked in the back room. Cash-out as soon as possible and leave instantly.
According to our deep search to write this article, we have encountered some trustworthy online sports betting facilities such as LiliBet, Cricbaba, 12Bet, Dafabet, 1xBet, Indibet, and 10cricproviding generous welcome bonuses, crystal clear Terms & Conditions texts, and highly professional customer supports besides a plethora of secure payment methods in Indian Rupees.
We wish you the very best of luck in every bet you will make! May the odds ever be in your favour!
