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A Simple Guide to Placing a Bet Online

A Simple Guide to Placing a Bet Online

Placing a bet online is easy but if you're new to internet gambling, you can increase your chances of a profit if you know what to look for. Choose your bookie, follow the form, pick a potential winner and use the bet calculator to work out how much a successful wager could net you.

The huge volume of sports and other events that are available to bet on, along with spotting the best offers and odds to maximise what you could win, means that knowledge is key. Understanding how to bet online could be the difference between winning big or losing your stake.

How betting works - the basics

Placing bets is all about knowing how odds work. The odds are set by the bookmaker. Odds are a reflection of how probable the bookie thinks an outcome will be. If a result is considered particularly likely, the odds are 'short' and if it's unlikely, 'long'.

Odds reflect the ratio between how much your winnings will be relative to how much you place on a particular betting market (the 'stake'). Odds are usually displayed as a fraction or a decimal. So a bet placed at 2/1 or 2.00 will return £2 for every £1 placed.

Picking the best online betting site

There are lots of betting sites to pick from. If you're starting out in online betting, it's worth browsing the offers that each one has for new customers. Often companies will offer a bonus by way of free bets once you've made a deposit and placed your first wager. You'll need to register a few details to join.

All betting companies in the UK must be licensed and you can check to see if the one you're considering is registered with Gambling Commission on their website. A registered bookmaker has to operate in a fair and transparent manner and you should find that their customer service is readily available to help with any queries.

What different types of bets are there?

There are an almost limitless amount of bet types available, so many in fact that it can be a little mind-boggling for anyone new to online betting. However, the most popular and straightforward bet types are:

There are lots and lots of other types of bets available. For anyone getting started with online betting, it can be a good idea to explore the different sorts and what kinds of winning could be made by experimenting with them on the Bet Calculator. Above all, betting should be fun - set yourself a limit on how much you are prepared to lose and learn about the principles of safer gambling before you begin.




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