How does sports betting actually work?

With sports betting becoming more and more popular and with the soccer World Cup starting in a few days, some who have never had anything to do with sports betting are wondering how it actually works.

How does a sports bet work?

There are several ways to place a sports bet on a football game. For example a direct tip. In every football game you have the opportunity to bet on the home team. If you bet on a tie, you have to press 0 on the betting machine for the respective game pairing. The 2 is there for the away team. You can also opt for a so-called "double chance". Here you have three options. You can opt for a home win and draw, an away win and draw, or for either team to win. With double the chance, the betting odds are of course much smaller. If, for example, the home team has a betting odds of 2.30, this is only approx. If you want to play a safety, go https://bastaspelbolagutanlicens.com/betting-med-trustly/. 

What type of sports bet is the most popular?

While the direct bet and the double chance are often played, the "over-goal bet" is also very popular. This is about whether a certain number of goals are scored in a game. It doesn't matter whether it was a penalty or an own goal. It only matters that on 2.5 , for example, 3 goals are scored. A minus after the number means that no three may be shot. If three fall, the game is lost. In the case of an accumulator bet, the entire bet would be lost in this case. That's why people like to play system. Here you can choose whether one or more games may be lost. If all are lost, the system bet is also lost. Of course, the winning amount is also smaller if you play system. Also very important with an "over-the-goal tip" is that in all games only the goals scored in the 90 minutes are counted towards the tip. This also includes overtime in the 1st and 2nd half, but not overtime in a cup game, for example. This also applies to the direct tip. This is also valid until the end of the regular playing time including stoppage time.

How is a win calculated?

The possible profit is determined by the stake that is used and the respective betting odds. Example: Odds are 1.85, 1.90, 1.95 and 2. With a stake of 5 euros, that would be 1.85 × 1.90 × 1.95 × 2 × 5 = 66.69 euros in profit. The higher the odds or stake, the higher the possible profit.

What are the chances of winning?

The chances of winning in sports betting are higher than in the lottery, for example. However, you also have to be lucky with sports betting and, if necessary, bring some knowledge with you. Since not only the German Bundesliga, but also the English Premier League, the Spanish La Liga or the French Ligue 1 can be found in the betting offer, you should already have some knowledge of the leagues so that you do not have to spend all your money directly gamble away

How big are the winnings?

Each player decides how big a win is or should be. However, the betting providers also have limits that you cannot go beyond. Betting slips with a profit of more than 250,000 euros will not be accepted. This is to prevent manipulation. It has happened a number of times that very large amounts have been bet on certain games. If a betting provider registers this, the corresponding game will be removed from the program.

Can you also play sports betting online?

Yes, you can also play sports betting online. Every betting provider has its own website and also an app where you can register. It works exactly like in the betting shop or at all other acceptance points. Deposit money (there are several options available), bet on the game or games and track the betting slip. This is usually done directly on the website and also on the app. If you win, you can have the money paid out if the profit is high enough. Depending on the provider, the minimum is between 10 and 25 euros. A payment is made to the account specified in the settings. However, it takes a few days until it is posted to the account. In the betting shop, you usually get the winnings paid out immediately, since the amount is also decisive here. Sums of up to 10,000 euros can usually be paid out on site.

Conclusion on sports betting

You go to a betting shop or another acceptance point for sports betting, bet on a game directly, on over goals or look for another sports bet offered, submit the betting slip and follow on the internet, an app or on television whether the games are going as you do she typed. If you have won, you can still pick up the prize on the same day, depending on the provider.

How do the bookmakers differ?

There are bookmakers where you can pick up your winnings immediately after the event has happened. This is the case in betting shops. In these there is usually a betting terminal on which you can place a bet shortly before the game or during the game. This is then also recorded directly by the terminal. So it can happen that you win a tip after a short time and get the winnings paid out directly.