With sports betting becoming more and more popular and the World Cup in Russia starting in a few days, some people who are new to sports betting are wondering how it actually works.
How does sports betting work?
There are several ways to place a sports bet on a football match. For example, a direct bet. At every football match you have the option to bet on the home team. If you want to bet on a draw, you have to press 0 on the betting machine for that game. For the away team, the 2 is included. You can also opt for a so-called “double chance”. Here you have three options. You can choose a home win and a draw, an away win and a draw or a win for one of the two teams. With the double chance, the betting odds are of course significantly lower. For example, if the home team has a betting odd of 2.30, this is only around 1.15 with the double chance, as the probability is significantly higher.
What is the most popular type of sports betting?
While the straight bet and the double chance are popular and often played, the “over goal bet” is also very popular. This is whether a certain number of goals will be scored in a match. It does not matter whether it was a penalty or an own goal. The only important thing is that with 2.5+, for example, 3 goals are scored. A minus sign after the number means that three cannot be counted. With three points the match is lost. In the case of a combination bet, the entire stake would be lost in this case. That’s why you like to play system bets. Here you can choose whether one or more matches can be lost. If all are lost, the system bet is also lost. Of course, the winnings are also smaller when you play the system bet. It is also very important for an “over goal bet” that in all matches only the goals scored within 90 minutes are counted. This also includes extra time in the 1st and 2nd half, but not extra time, for example in a cup match. This also applies to direct bets. This also applies until the end of regular playing time, including injury time.
How is a win calculated?
The possible profit is determined by the stake used and the respective betting odds. Example: the odds are 1.85, 1.90, 1.95 and 2. With a bet of 5 euros, it would be 1.85 × 1.90 × 1.95 × 2 × 5 = 66.69 euros 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, for example, in the lottery. However, you also have to be lucky with sports betting and, if necessary, bring some knowledge with you. Since the betting offer includes not only the German Bundesliga, but also the English Premier League, the Spanish La Liga or the French Ligue 1, you should already have some knowledge of the leagues so as not to bet all your money right away.
How big are the winnings?
Each player decides for himself how high a win is or should be, but also the betting providers have limits that must not be exceeded. So no bets will be accepted if the winnings exceed 250,000 euros. This is to prevent manipulation. It has already happened several times that very high amounts were bet on some games. If a betting provider reports 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. Each betting provider has its own website and also an app where you can register. It works like in a betting shop or any other acceptance point. You deposit money (you have several options), bet on one or more games and keep track of the betting slip. This is usually done directly on the website and also in the app. If you win, you can have the money paid out, provided that the profit is high enough. The minimum amount is between 10 and 25 euros, depending on the provider. The payment is made to the account specified by the user in the settings. However, it takes a few days before it is posted to the account. In the betting shop, winnings are usually paid out immediately, as the amount is also decisive here. Amounts of up to 10,000 euros can usually be paid out on site. Higher amounts must be transferred.
Conclusion on sports betting
You go to a betting shop or other sports betting acceptance point, bet directly on a match, over goals or select another sports bet offered, submit your bet slip and watch the internet, an app or TV to see if the games are taking place as you told them. If you win, you can collect your winnings the same day, depending on the provider.
What are the differences between bookmakers?
There are bookmakers where you can collect your winnings immediately after the event. This is the case with betting shops. There is usually a betting terminal in these, where you can place a bet shortly before the match or during the match. This is then recorded directly by the terminal. So it can happen that you win a tip after a short time and are paid the winnings directly.