How to make money in sports betting
Sports betting has been a source of recreation since a long time ago. However, many markets had been added to traditional gambling. That makes it even more fun. Today, you can bet on the first team to score in a football match, the player that will receive a red card, and the tennis player that will win the next round. To make it easier, you don’t have to leave the comfort of your home before you can bet on your favourite team. There are many online casino sites where you can conveniently place your bet. This article will discuss the best sports betting sites in the UK, the popular market available for online sports betting, how odds are calculated, and different bonuses available for players. It will also discuss how to choose the best sports betting site in the UK.
List of the Top Online Sports Betting Site in UK 2024
Sports Betting Online
Online sports betting involves choosing a market and bet on what you think will be the outcome. Each market has its odds. If you win, you will get your money back plus a winning calculated based on the odds. Placing sports bet online is very convenient. It involves choosing your favourite online betting site, registering with it, making a deposit, selecting the sports you want to bet on, considering the odds, and placing your bet. If you are lucky to win, your wager and your winnings will be credited to your account as soon as the match is over and available for withdrawal or placing more bets.
You don’t even need to wait till the end of the game on many sites before having your fund since you can cash out anytime during the match. Many sites in the UK will give new players a welcome bonus and keep rewarding their existing players with reload bonuses. However, not all online gambling sites are worth recommending. However, you can rely on ukonlinecasinoguide to provide you with the best sports betting sites in the UK.
How to start Betting on Sports
Placing sports bet is straightforward. You first need to choose the sports you want to bet on then check the available markets. While all online betting sites accept bets on pre-match, many also allow you to bet while the match is in progress.
The site will rely on the result announced by the official organizer of the game to decide the outcome. If you accurately predict the outcome, your bet is a winning bet, while it is a losing bet if your prediction does not match the outcome. If you win, the amount you earn will be decided by the game odds. You can place a single bet. I.e. a bet on a single event or combine more than one event. Supposed you combine more than one events; you will have to predict the outcome of all of them accurately before you can win. If one loses, then the entire bet is a losing bet.
How to start Betting on Sports
What are the different types of Bets in Sports Betting
There are different terms used to describe stakes placed on online betting. These include:
- Single Bet: This is simply a bet placed on a single outcome of a competition. It may be a bet on a rugby team to win or a soccer match to end in a draw.
- Multiple Bet: This is a bet placed on a combination of events. You can bet on a basketball team to win and combined it with another football match to end in a draw, and still combine again with a hose to come first in a race. If any of the bet loses, all bets will be considered as losing bets.
- Straight bet: A straight bet is placed on a single event, and it must win by accurately predicting the outcome of the match. It includes the outright winner of a game or whether it will be a tie and over and under bets.
- Split Bet: This is a bet placed on more than one of the possible outcomes of a sporting event. Suppose you place a bet on a particular football or a baseball team to win and predict the same team to draw the same game. This means you win the bet whether the team win or draw.
- Placed Bet: This involves staking on the possible position of a competitor. You may bet on a horse to be among the top three in a horse race or a soccer team to get to the final of a competition.
- Live Bet: A live bet or an in-play is a bet on a live sporting event. You stake your money while the game is on.
Odds
Betting odds represent the ratio of your winning to your stake. It may be given in decimal or fraction. For illustration, if the odds of an event happening is 0.6, it means you are going to win 0.6 multiplied by your money if you bet on it and win. Remember, you will also have your stake back. This means that if you play with £100, you will win £60 plus your stake of £100, making £160. If the stake is included in the odd, it will be given as 1.6 instead of 0.6. Hence, your total return will be 1.6 multiplied by your stake.
However, it will still give the same value. Odds can also be given in form of fractions. In that case, 0.6 will be written as 6/10. Betting odds are calculated based on the probability of winning or the way bettors are likely to gamble. For example, if more people will likely place a bet on a country winning a cricket match, then its odd will below, but if the chance of a team winning a competition is low, and it is evident that fewer people will place a bet on it winning, then the odd will be high.
What is the difference between Bookmaker and Sports book?
Many people commonly interchange the words sportsbook and bookmaker. Even though both deals with online sports betting, they are two different entities. Sportsbook and bookmaker may be working together, and they may be working separately. So, what is the difference between these two? We will find out below.
Sports Book
As stated earlier, sportsbook accepts bets from the public and pay out winnings to winners. It is a business organization that makes its income from sports betting. When you think about sportsbooks, think about all popular online betting sites. These sites are owned and operated by sportsbooks. However, to determine the payout on a winning sports bet, a sportsbook will need an odd. This represents the probability of each event taking place. Here, sportsbooks will have to depend on bookmakers to calculate the odds for them.
Bookmaker
Bookmakers are people who determine gambling odds. They consider different factors carefully before deciding the odd. Among the factors that a bookmaker will consider are the team’s strength, its previous performances, the team selection, injury concern, how crucial the match is for the team, and how people will likely bet. Because sportsbooks need odds to determine winnings, they need the services of bookmakers. A bookmaker may be working independently and maybe working for a sportsbook. However, most sportsbooks have bookmakers working for them.
Pros and Cons of Sports Betting
Sports betting like any other form of gambling comes with pros and cons. It is important to weigh them to determine if it is right for you. Let us have a look at them belowPros
- You can bet from anywhere you are
- There are different forms of bets available
- Sports betting platforms offer amazing bonuses
- It is fun and entertaining
Cons
- It is easy to get addicted
- You can lose money
Most Popular Games on Sports Betting
Online betting has made it easy for bettors to place a wager on almost all popular sports. You can also place bets on sporting events. However, some sports are more popular than others. Sports with the highest interest of bettors also depend on location. In the Uk, people bet a lot on sports like football, tennis, rugby, basketball, baseball, American football, cricket, and horse racing. Other sports like table tennis, boxing, and cricket are also gaining more popularity by the day. In most of these games, you can place a number of bets before the games start. You can also place an in-play stake during the games. In many competitions, you can bet on the outright winner.
Football Bets
There is no doubt football is one of the most famous sports around the world. So, you can expect it to be popular in the UK, as many believe the sport originated from the UK. Most of the players from the UK usually place bets on the outcome of the English premier league matches, the FA cup matches, the league cup, King's cup, the European Champion League matches as well as matches in the top European leagues like the Spanish La Liga, the Italian Serie A, the German Bundesliga, and the French League 1. Most popular football markets include three-way results (Home to win, away to win, or draw), draw no bet, over and under, first to score, corner bet, and card bet. You can also bet on who wins a league or a cup.
Basketball Bets
Basketball is another popular sport among English bettors. Players bet on the NBA, FIBA, Champions League, and WNBA. Since the probability of a draw in a basketball game is very low, odds for a draw are usually high. Common betting markets in basketball include match winner, handicap winner, over and under, winning margin, team total point, and race to a specific point. You can also bet on the outright winner of a league or tournament.
Tennis Bets
Another popular sport around the world is tennis. It could be single or double. The most common bet placed on tennis is the winner. You can bet on the winner, correct score, over and under, set spread, winner of each set, the total game won by each player, or handicap games. You can as well bet on the outright winner of a tennis competition like the French Open or the Australian Open. Common tennis competitions that players bet on include the ATP, challengers, Wimbledon men and women, ITF, and WTA.
Horse Racing Bets
Horse racing is an ancient sport but also a very exciting one. As two or more riders struggle to make their horses be the first to cross the finish line, you can place different bets on the outcome. The most popular bet on horse racing is betting on the horse that will come first. This also has the highest odds in horse racing markets. You can equally place each way bets on a horse finishing first or second or a show bet which wins if the horse is among the top three.
Legality of Sports Betting UK
You may be asking if sports betting is legal. Of course, in some countries, it is illegal to gamble. However, sports betting is perfectly legal in the UK. The only conditions are that the sportsbook must be licensed and regulated in Great Britain by the UK regulating authority, and the player must also be at least 18 years of age.
Gambling in the UK is regulated by the UK Gambling Commission (UKGC). The commission issued licenses to sportsbooks in the UK and set rules for their practices. Also, it monitors the activities of all sites under its jurisdiction, listens to complaints from players, and protect the integrity of gambling in the country. However, not all online gambling sites are licensed.
It is illegal to register for an account with any website in the UK that is not registered with the UKGC. Even if the website is licensed with other authorities around the world, to join the UK betting markets, it must be regulated in Great Britain. The legality status of all gaming sites is clearly stated on their website.
Different Types of Bonuses For Sports Betting
One of the major features that attract players to a betting site is the bonus offered. Different sportsbooks make different promotional offers. However, some are common among them. These include:
- Welcome Bonus: The welcome bonus, which is usually referred to by many sportsbooks as the first deposit offer, usually consists of a percentage of the first deposit made by a new player on the betting site. In most cases, this offer is 100 per cent of the first deposit of the player. This means that if you deposited £50 as your first deposit, the online betting site would give you a bonus of £50 so that you will have a total of £100 to play with. However, this bonus is usually capped to a particular maximum value irrespective of the amount of deposit. It also comes with a wagering condition before you can request a withdrawal.
- No Deposit Bonus: This is a bonus that does not require any deposit before you can claim it. In most cases, sportsbooks give the bonus on successful completion of account registration and verification. This bonus is usually small and comes with a stringent wagering condition.
- Reload Bonus: This is a bonus given when you make a subsequent deposit after your first deposit. This bonus is meant to encourage players to keep on making deposits and to reward loyal players. It is usually specific to customers, and only customers that receive messages offering them the bonus are qualified for it.
Mobile Sports Betting
Mobile betting has greatly simplified sports betting. You can easily bet on any sports market of your choice on your mobile device. That makes it convenient to bet on the go. Most sports betting sites have optimized their sites to load and function correctly on all popular mobile platforms, especially Android and iOS devices.
You can set the odds to the best style you understand, view all markets, and place your bets conveniently. With mobile sports betting, you can place bets anywhere you are. This is more significant for live sports betting. Of course, you never can tell where you will be when the game is going on. But with your phone in your hand, you can monitor the odds as they change and decide to bet as you desire.
Live Streaming and Live Sports Betting
Many sportsbooks offer their players live sports betting. This is when you stake on a match that is ongoing. For example, you can decide the game winner, the next team to score a goal in a football match, what will happen next, the winner of the next service in tennis and many other similar markets.
Most of the markets available for pre-match are also available for live or in-play bets. However, the odds of live bets will be changing as the events on the pitch are changing. Also, as the duration is going towards the end, the probability of the leading side ending up as the winner will be increasing, while its odds will be decreasing.
Some sites also allow a player who bets on a match to watch it live as they Livestream it on their website. This may be an added perk for betting with them. It will also guide the bettor to decide how to place a live bet.
Our Own Guide on Choosing the Best Sports Betting Sites
Choosing the best sports betting site may be challenging. However, at UKonlinecasinoguide, we consider some factors crucial to the best sportsbooks. This has guided us to come up with a list of the best gambling sites in the UK. These factors include:
- Legality: the first thing to watch out for in a sportsbook is its legal status. It is a crime to bet with an illegal website. Therefore, we consider only licensed and regulated sites. All our top UK sports betting sites have licenses from the UK Gambling Commission, and they are appropriately regulated.
- Odds: Even though odds on a sport outcome are almost the same, the slight difference may make a considerable money difference. Imagine getting odd of 3.55 from a sportsbook and 3.8 from another sportsbook on the same events. The 0.25 difference may be significant if you are taking a lot of money. Hence our top sportsbooks have the best odds in the market.
- Bonuses and Promotions: Bonuses are other factors that attract players to a betting site. We consider the welcome bonus. The reload bonus and other promotional offers of top sportsbooks in the UK before choosing our best. We also consider the wagering conditions of the bonuses.
- Support Services: It is not uncommon to have needs for assistance when using a betting website. While some sites have excellent customers’ support services, some are not good enough. Our top sites in the Uk have outstanding performances in supporting their customers.
- Deposit and Withdrawal Options and Speed: The ease at which you can make a deposit to a sports betting site and withdraw your winnings is important. We consider all payment methods and withdrawal options available on the top UK online betting sites.
Get the Best Sports Betting Experience at UKonlinecasinoguide
Online sports betting is popular in the UK. There are many sportsbooks available in the industry. These sportsbooks offer markets on different sports. The most popular among sports are football, tennis, basketball, American football, baseball, cricket, and horse racing.
You can bet on the outcome of any sports competition in the UK and other countries across the globe. Common bet types include straight bets, single bets, multiple bets, split bets, and placed bets. Many sportsbooks in the UK offer their players a first deposit bonus, reload bonus, no deposit bonus and many other promotional offers.
UKonlinecasinoguide is a platform that helps bettors choose the best website for online gambling. The site considers different features before coming up with a list of the best sports betting sites in the UK. All sites listed on the UKonlinecasinoguide platform are licensed and regulated by the UK Gambling Commission. Hence they are legal. They have the best odds in the industry, giving players the advantage of better winnings. In addition, they all have good customer relations, offer the best bonuses, and have multiple options for deposit and withdrawal.
UKonlinecasinoguide includes quick links to the sites of the best sportsbooks in the UK, making it easier for you to get to the betting sites without any need for a long search. The site also provides a review of the sites so you can compare their attributes before choosing the one to register with. Most importantly, the site is easy to use.
Sports Betting FAQs
Where I can find the best sports betting sites
UKonlinecasinoguide has a list of all the popular and best sports gambling sites in the UK. Visit the site and get the link to the best sites for sports betting in the UK.
How does sport spread betting work?
Sport spread is different from a fixed odd bet in that the amount you win or lose is not fix. The betting company set a marker for an outcome and you choose whether the outcome will be higher or lower than the marker. If you predict right, your winning will be calculated based on the difference between the marker and the actual outcome. Also if you predict wrong, you only lose the difference between the marker and the actual value. common example is the number of corner kick in a football match. If it is set at ten but you bet on a higher value, your winning will be based on the difference between 10 and the actual value.
What does +400 mean in betting?
When high number is placed on a team, it means the team is an underdog and is likely to lose. The higher the number the least the chance of the team winning and the higher your winning if you stake on the team. +400 is typically used to represent an odd of 4/1. It means you will get four times your wager back if you bet on the team.
What does 1.5 mean in sports betting?
1.5 is usually used to represent two events that are very close. It can also be used in over and under bets to describe over one goal or one card, or corner kick, or under two goals, or two cards or two corner kicks.
What percentage of sports bettors win?
Mathematically, 50% of bettors in a two-way bet will win while 50% will lose. However, it is not always like that. Most competitions are not two ways. The odds are not even. Hence, more bettors will likely bets on the team with a higher chance of winning than the number that will bet on an underdog. Also, there is a house edge which makes the chance of losing higher than winning. However, the percentage of bettors winning is usually between 45% and 55%.