This is a beginner’s guide to betting, written by a regular betting expert. Firstly, let us start by introducing some basic terminology globally used: Stake – the amount of money you place on a bet, in other words the amount of money you stand to lose if you do not win (usually, we would recommend a maximum bet of 5 to 10% of your total predetermined bank). Accumulator – a series of single bets grouped together where odds accumulate together. Other important factors that can determine your betting success are patience, sport knowledge, fair odds and a right and trusted betting house.
For now, let’s talk about three of the biggest betting markets in the world.
1 – Football/Soccer
In USA, NFL football is still a huge betting market, but European football or soccer, is a bigger worldwide event. The bets are normally on fulltime result, with two betting types being the most common – 1X2 (Win/Draw/Lose) and Asian Handicap.
You can bet on either team to win the match to end in a 90’ draw. This form of betting is often referred to as a 3-way betting. On the other hand, Asian Handicap was essentially created to eliminate the draw as an option and to make seemingly one-sided matches a little more interesting. Bookmakers will offer you a goal handicap added to one team fulltime score or deducted from the other. Extra time or penalty shootout do not count in normal 3-way bets.
Over and Under are used when you bet on the amount of total goals being scored. For example, over 2.5 means there will be three or more goals. Under 2.5 would be 0, 1, or 2 goals being scored, 0-0, 1-0, 1-1 or 2-0.
Those are the most common ways that users bet. What we would recommend for you to do beforehand, is a precise mental or written personal prediction on a given market, you consider interesting for that particular game, and sum it up by giving it a percentage for it to happen. Compare your percentage to the odd placed on the bookmarker and if you have a bigger personal odd, than you should indeed place the place.
Otherwise, you should place that bet as if doing so will decrease the likeliness of increased profit on the long run. This is a basic betting method that remains valid for any sport and is true from the point of view of more experienced users.
2 – Tennis
There are numerous factors to consider when learning how to bet on tennis. It is important to understand that different players have different strengths and weaknesses that will be better suited to certain conditions (tournament, surface, opponent, etc.).
Tennis is played on three main surfaces; clay, grass and hardcourt. Due to the speed at which both the ball and player can travel on these different surfaces, a player’s level of performance can vary on the different types of court.
The players of this sport will also have varying skill sets and more experienced tennis bettors will know how certain players play and what kind of player they prefer to play against. In tennis, it is particularly important to keep track of head to head results and current player performance for the given surface.
A few examples of the different types of tennis players are; big-servers, baseline players, defensive players, all-rounders or players who prefer quickly to play at the net. Combined hold/break percentage stats on a particular court is the perfect way to start considering betting on tennis games.
3 – Horse Racing
In horse racing you mainly have two categories of wagers to choose from when you bet on: straight wagers and exotic wagers. For a beginner, I recommend sticking with straight wagers. They’re simple, cheap and easier to understand. You simply pick one horse to come in first, second, or third. The minimum bet at most tracks for a straight wager is, normally, $2.
With a straight wager, you only bet on one horse: Win– You’re betting that your horse will come in first place. If the given horse finishes in first, you win; Place– When you bet on your horse to “place,” you’re betting that he will come in first or second; Show– You’re betting that your horse will come in first, second, or third.
Even though Exotic Wagers are more of a risk, there is obviously high rewards when going for some of these bets: Exacta– You’re betting on two horses to come in first and second in an exact order; Quinella– With a quinella bet, you’re betting on two horses to come in first and second in any order. Just choose the 2 best horses in your opinion; Trifecta Bet – You bet that three horses will finish in first, second, and third in an exact order.
Risky and hard to get it right, but not still not as rewarding as the ultimate horse betting: Superfecta– You bet that four horses will finish, first, second, third, and fourth in an exact order. Minimum bet is often lower, which could encourage you to give it a shot if your having a lucky day.