Online betting and wagering have become one of the biggest trends and market drivers in the world of digital entertainment. This has naturally caused some commotion, with newbies who are unaware of the ins and outs of this world sometimes struggling to keep up with the changes and capitalize on the benefits thereof. One niche within betting stands out in particular and this is sports betting.
Sports betting, as the name suggests, is the act of placing bets on different sports and activities therein. It is a large market and an even bigger playing field. As a beginner to sports betting, it can sometimes be tricky to understand how to best navigate this domain. Luckily for you, this article aims to shed light on some of the basics you need to be aware of and create a guide for you. Without further ado, it’s time for the beginner’s guide to navigating online sports betting.
Do Your Research Thoroughly
The most important thing for you to do is research and this comes in three ways: the platform you aim to place bets on, the sport you’re most interested in and player or team performance.
Starting with the platform you’re planning to place bets on – it’s best that you go with a platform that is reliable, reputable and an authority in the league. Sports betting comes with sharing financial details, having to understand analyses and a lot of sensitive data, therefore, you must use a platform that has been around a while, as this lends itself to being a safe and secure site. Something like betway online sports betting is a good start, as Betway has been around for a long time, is an authority in its industry, is relatively easy to navigate and allows you to do the one thing you’re most interested in: place bets on sports.
Once you have the platform done and dusted you can move on to finding the sport you’re most interested in. You can place bets on nearly any sport out there, which can bring you to your feet if you’re a novice because you’ll over-extend yourself trying to place as many bets as possible but on sports that you have no clue about. The best advice here is to keep your sports to a minimum, i.e., bet on a maximum of three sports and pick the ones that you actually have a passion for. Whether that’s rugby, tennis and football or soccer, ice hockey and horse racing, the choice is yours, just follow your heart.
Speaking of sports, the next thing you need to research is the actual team, so that means the managers and the players. It is crucial that you are up to date with what is happening in the team. If you’re not aware of a serious sports injury to one of the biggest players or that there is a change in management and the team now has a new coach, you will be placing bets in the dark, which is not advantageous for your new sports betting journey.
Be Aware of Sports Betting Jargon and Micro Betting
Another thing that you need to follow closely, especially when you’re new is the jargon that is used in sports betting and how sports bets are placed.
When it comes to jargon, you need to have a list of twenty of the most common terms that are used and learn and understand those by heart. Sports betting moves quickly and speed is your friend, if you see a team that has the term “dog” and you don’t immediately know that this means that this team is the underdog in comparison to its competition, you’d be missing a lot of crucial information.
The same goes for how to place bets. Of course, you need to be online, or at a bookie, to place it but how the placement works is important and here there is one piece of technology that has truly revolutionized this ‘how’ process and it’s micro betting. Just as the name already implies, micro betting is the act of placing small bets on different actions. This means that when you watch a game, you’re no longer betting on the winner or the loser only, you have thousands of smaller bets that you can place within that game. For example, say you’re watching a soccer game and a corner is about to be taken, this would be a good chance for you to place a bet on which player is going to take the corner or place a bet on the probability of the corner being scored and made into a goal.
Do you get the idea? It’s small bets that you can place throughout and this has really changed the way you’re able to engage with sports.
Sports Betting Must be Done with Responsibility in Mind
As thrilling and exciting as sports betting sounds, there is still one thing that you need to keep in mind at all times and that is responsibility. It is your job to ensure that you play with responsibility in mind. Create a strict budget and checklist of how and when you want to place and then never exceed this amount. Sports betting should always be a hobby and never become anything more than that.