Published on March 16th, 2022 | by Sumit Bhowal0
The basics of betting
The sports gambling industry has exploded over the last few years thanks to improvements in technology. The majority of sportsbook wagers are now placed using Android and iOS smartphone apps, with gamblers making predictions and placing bets from anywhere in the country. Without the need to visit a land-based sportsbook or casino, you can now place bets from the comfort of your own home or when on the move. This has made betting accessible to millions of more people than just a decade ago.
Google Images Creative Commons Licences
Check the online sports betting industry stats, and you’ll note the number of wagers placed every month, and the value of those bets continues to rise. In response to this, new online betting apps continue to join the market, meaning the online gambling industry has become one of the most competitive in business. The leading bookies from the days of land-based betting are forced to compete with start-up and online-only businesses. When looking for a sportsbook to join, you will quickly realise you are spoiled for choice. But how do you choose not the best bookie but the best bookie for you?
This article aims to help you decide. The better a sportsbook is, the greater your chance of making a profit on the sports and markets you love the most. You should be on the lookout for an app that ticks all the most important boxes, including a user-friendly smartphone app, excellent coverage of the most popular sports and generous welcome bonus promotion. Read on as we set out our basics of betting, which are designed to help you get the best possible service from your online bookmaker.
Google Images Creative Commons Licences
Get a welcome bonus
Due to the competitiveness of the industry, the most successful online bookmakers must stand out from the crowd if they are to ensure a steady stream of new customers to the site. They aim to catch your eye and encourage you to sign up with them over the competition by offering an attractive welcome bonus. This is a deal available to new customers who register an account, make their first deposit and place a bet.
The welcome bonuses come in a few different forms, but the most popular is the free bet. When you sign up and place a bet, the marketing team will add free bet tokens to your account balance. These can then be used to gamble without charge on the sports and markets that grab your attention.
When choosing a bookie based on the generosity of their welcome bonus, be sure to read the terms and conditions. Many offers seem generous but often don’t live up to the poster. Reading the T&Cs will give you a strong understanding of how the deal works, what’s required of you before withdrawing any winnings made using the free bet and what’s expected of you as a registered customer.
Access market best price
Every bet you place should be at market best price – the most generous odds available. If another bookie is offering a better price on your pick than what you are being offered by your site, don’t settle. Check any betting odds comparison site and pick the fixture and bet you want to make. You’ll see a list of odds offered by every major bookie with the top price in bold. That’s the bookie you should bet with.
That’s why it helps to have a betting account with a few different bookies. The more, the better. This tactic is used by professional bettors as they collect the welcome bonuses then always have access to the best odds.
Enjoy live streaming
If you are looking for evidence of tech’s impact on the gambling industry, you should visit the live streaming app. This is a feature available only at the top apps, and it allows you to place a bet then watch the match, fight or race through an HD quality live stream free of charge. You can view it on your home computer or when on the move using your smartphone.
Alongside the live stream are expert commentary, updated stats, predictions, live scores and in-play betting. You can gamble on the event live with a trader updating the odds and markets to reflect the score and flow of play.