Sports betting has been around for hundreds of years, originating from the Greeks and gradually spread around the world.
When it comes to sports betting there is so much about it that if someone should embark on writing all about it this might result in a book as big as an encyclopaedia, so I am going to keep it simple and restricted to the fundamentals and what you need to know in other to successfully place bets and be successful at it.
What is sports betting?
In case this is your first time coming across the word sports betting, it simply is selecting a preferred team or person to win in a competition with a stake of an amount of money, when the result goes according to your prediction, the money you stake yields a profit (profit might be X2, X10 even up to X100 and beyond of your stake).
Sports betting affords you the opportunity to make money from your favourite sport, even if your not interested in any form of sports activity, it doesn't stop you from making money from it, all you need to know is how to read and understand the terminologies and codes involved.
In Betting the major outcomes that are staked upon are 1X2, over-under goals, double-chance markets.
I know all these terminologies and codes listed above might be confusing for some, but not to worry it will be explained one after the other.
Below are the most used market for placing bets on football (soccer) betting
The 1X2 market
This simply means either the home team wins or a draw occurs or the away team wins.
The "1" in the code represents the home team.
The "X" represents a draw (meaning the game might be a draw).
The "2" means the away team might win the game.
Double-Chance market (1X, 12, X2)
The double chance is staking that any of the teams will win or draw.
1X means that the home team will win or draw the game
12 means that any of the teams will win (there will be no draw).
X2 means that the away team will win or draw the game.
Over - Under market
this market has to do with the number of goals that will be scored in a game, whether it will be more than your specified prediction or less than it.
In the over category:
* o0.5 means that at list 1 goal will be scored for you to win the bet
*o1.5 means that over one goal most be scored for you to win the game
These options are available up to o4.5 goals (over four goals).
In the under category:
* u1 means that not more than 1 goal will be scored for you to win the bet
* o2 means that not more than 2 goals will be scored for you to win the gameThese options are available up to u4 goals (under four goals).
Aside from knowing how to stake a game with the most popular markets mentioned above, there are order factors that increase your chances of being successful as a punter.
One of the factors that are most important is being able to study, understand, and predict the outcome of a particular game.
There are many systems used to aid the study and prediction of games which include:
Watching matches on match days (watching on Tv is most preferable), Reading sports newspapers, and online statistics offered by online platforms.
Listed below are places online you can get helpful statistics and predictions of the outcome of upcoming games.
- Predictz.com
- Forebet.com
- Flashscore mobile app
- Sofascore app
It's not like there aren't other places you can go for help but these are simply the best, I have used all of them, and they yielded good results. Though you shouldn't trust the predictions a hundred percent (100%) because the information you get from these platforms are mainly generated by computer auto calculations, you should be the one to make the final decision before staking your money.
Tips:
Sports betting requires a few things before you venture into it so as not to lose all your money. In sports betting there must be losses, but some precautions and skills must be applied to reduce losses and bring you profit.
Below are the abilities or skills you have to build before going into sports betting:
Interest to follow and study the sports you wish to place bets on (even if it's just a little interest):
Don't just guess and stake, learn how to study the game, make time to watch the game at least once a week.
Discipline & patience:
You shouldn't just place bets because there are available teams to place bets on. there should be teams that you follow or monitor their success rate, these teams are the ones you should always place your bets on. makes research using the online platform of which I mentioned a few above this article, study sports newspapers.
Ability to understand betting codes:
You should be able to understand betting Codes before you think about venturing into it. I listed some basic ones above. There many of them some of which are complex but with time you will get to understand them.
Warning
Betting can be very lucrative but if not careful enough you can incur heavy losses, so be careful and be sure you know what your doing before venturing into it.