Sports betting (which happens at an online sportsbook) is gaining popularity all around the world, with the main focus lying in Europe and North America. As a result, more and more companies are popping up to supply the consumer with as much sports betting options as they can possibly give. Most online casinos have the intention to create a sportsbook or sports betting area in their casino, yet many have only kept it at an intention and haven’t followed through.
Read the below article to find out more about sports betting, what types of sports bets you can find, and what stakes are.
When looking to try out online sports betting, all you need is an internet connection and some kind of desktop computer or mobile device (i.e. phone or tablet). After that, you just need to find an online operator that provides sports betting.
Step 1) Opening an account
Once you have found a sportsbook, you will need to set up an account in order to place bets. This can be done by clicking on the register or sign up button. During this process, you will be asked to provide and verify your ID.
Step 2) Make a deposit
Following signing up, you will need to make a deposit. Options for how to deposit can be found in the ‘banking section’ of the website’. Different payment methods can be used for this, but each comes with its own processing time.
Step 3) Place your bets
After your deposit has cleared, you can now place bets on all your favourite sports.
Popular Sports to bet on in Canada
Around the world, popular sports to bet on are soccer, horse racing and martial arts. However, there are many more sports that can be bet on. These can include golf, tennis, basketball and countless others! No matter your interest, you can probably place a bet on it. The online sports betting industry is a billion-dollar business and it’s open 24/7, 365 days a year.
Here is a list of the most popular sports Canadians place bets on.
How to choose an online sportbook
Make sure you read the reviews for the providers here on Casinos.co, read other players’ reviews and hopefully that will help you in your decision making. We try to give you the best possible review for each and every casino, including those that offer a sportsbook section. We then try to combine the knowledge of the company, its history, which sports are offered and which bonuses are available for players.
Don’t forget that there is no shame in depositing a small amount in a sportsbook operator to test out multiple aspects of it, and then you’ll have a better view of whether or not it’s an appropriate operator for you.
Either way, it’s ultimately a subjective decision and players should choose the provider that best suits them and their sports of interest.
What are Bet Lines?
Often, providers offer special facts and statistics to help people make an educated bet. These are called bet lines and come in many different styles. Still, there are many of us that do not know exactly what a bet line is.
Seeing a betting line can be confusing and can deter people from placing a bet, so to avoid that confusion, allow us to explain.
The easiest bet line to explain is probably the Moneyline bet. In this bet, you place a bet on a team or individual to win, and you’ll make a profit if that person/team does indeed win. The only catch with this kind of bet is that you’ll have to bet more than in other bet lines to make a decent profit.
Point Total Bets
In a Point Total bet, the total amount of points scored or achieved is what is bet on. In this bet, the usual phrases are ‘over’ and ‘under’ – referring to the margin.
Let’s say you were to bet on an NFL game and bet that there will be more than 40 points scored. It doesn’t matter which side will win, as long as there are at least 40 points scored throughout the entire match, you’ll win.
This type of bet is more associated with team-sports than anything else, but there are the occasional individual sports to which this applies.
Point Spread Bets
In a Point Spread bet, the outcome of the match is not as important as the margin of victory. The intention of this bet is that you bet on a team to win and then also note a margin of victory.
For example, you can say that your team will win with a minimum of 10 points difference. If your team then wins with a smaller margin, you do not win anything – same goes if your team were to lose.
This type of bet can be very profitable, but with it comes bigger risks than with the previous ones.
A Proposition Bet is possibly the oddest but also potentially the most profitable. This is the kind of bet that is so specific, it can get very obscure.
Let’s say you’re watching a Formula One race. At some point in the race, you expect a crash to happen and the resulting “Safety Car” to come onto the track. You then place a bet saying that it will happen (you can even specify which lap), and if you are correct, you can potentially make a large profit!
One famous example of this type of bet was during the 2010 FIFA World Cup when a Norwegian man placed a bet that Luis Suarez of Uruguay would bite an opposing player. You might recall that this did indeed happen and the Norwegian man won a staggering 175 times his bet, netting him a neat profit of more than $70,000!
Where to find the Best Odds?
Not all sportsbook operators have the same offers, and as a result, it is important to have a good look at all the available odds before placing your bet. We would highly recommend a larger, more established sports betting company, as their renowned status forces them to become entirely legitimate without any loopholes.
That being said, the sportsbook operators still keep an eye on each other, just to make sure that the bet lines are not too different from one another.
What are stakes in sportsbetting?
The stakes – or rather a wager – is the amount of money that you place on a certain outcome that can potentially give you a large profit. If you place more than one bet for different sporting events taking place simultaneously, your input increases, and therefore your stake does as well.
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