Guide to Online Sports Betting

As most of you already know, gambling is one of the favorite pastimes of millions of people around the world. Betting on sports is right there with it. Ever since the invention of the first sport, people wanted to gamble on the outcome and that desire never faded away. From horse racing and football to fringe sports such as hurling, people have been putting their money down on sports events for millennia.

The thrill of sports betting online is simply irresistible. No matter if you’re betting on a match outcome or any special bet, it’s the favorite pastime of millions of people. Modern online bookies are more than just a website where you can wager on a list of sports. They have introduced expert sports betting tips that can make you a better punter. The fact that you can earn a bonus and wager for free makes each online bookmaker even more exciting.

How to Bet Online?

The process of placing a wager on virtually any known sport online is pretty simple. All you have to do is pick a bookmaker, register, deposit money into your account and voila – you can delve deeper into the world of betting. You can do that at a betting site or use an app on your smartphone – anything works. Even better, you can read all the latest betting predictions and news to figure things out easier and win big.

What you need to understand first, though, is how odds work.

How do Sports Betting Odds Work?

An essential part of betting (and gambling in general), odds determine the outcome of a potential bet. They are used to calculate your payout or return and as mentioned, reflect the probability of a potential outcome, be it a match or a tournament outright winner.

Many might find the different types of odds confusing, but here at Lollybet, we’ve broken them down to simple terms. You have the decimal odds that come in the form of 2.00 – these are the most common type of odds you’ll find online. If you place a bet of $10 on odds of 2, the payout will be $20 – simple as that.

Fractional odds might look a bit more intimidating to novice punters, but they’re simple to get a hold of as well. They are usually represented by 2 numbers such as 3/1. This means that you get 3 units for every single one you’ve placed. This type of sports betting odds is most common in the UK.

American or Moneyline odds, come in the form of +100 or -100. The plus sign indicates how much a correct bet of $100 would win, while the negative indicates how much money you should bet to win $100.

Most modern betting sites have apps that can convert odds with a click of a button, so you shouldn’t concern yourself so much with them. You just read the tips and predictions and focus on improvement – the Lollybet platform will do everything else for you.

How to Make Money from Sports Betting?

Although many will say it’s easy, sports betting is anything but. The good news is that you can be a successful punter if you hone your skills and use a bonus or free bet to experiment a bit. Just like any other betting site, Lollybet offers more than one bonus you can use to get your hands on what is hopefully a range of winning bets.

With so many markets and sports sports you can wager online at your disposal, the possibility of winning money is solid. If you’re a new punter, make sure to stay up to date with the latest sports betting predictions & tips. Bookies such as Lollybet Ghana have a team of experts working ‘behind the scenes’ to deliver the freshest information from the world of sports. Thanks to it, you will always be a step ahead and learn how to spot the most valuable bets. Once you master this, you can bet on a single match or outright favorite or compile an accumulator that will allow you to win big.

What Sports Can I Bet On?

Visit any web-based bookie and you’ll find yourself immersed in a range of major and minor sports. Here’s just a short list of what you can expect:

  • Football
  • Basketball
  • Tennis
  • Rugby
  • Hockey
  • Horse racing
  • Snooker
  • Cycling
  • Golf
  • Formula 1
  • Baseball
  • Volleyball
  • Cricket

Make no mistake – you can bet on even more at Lollybet and other bookies including eSports and some lesser-known events and tournaments at great odds.

Can I Bet on My Phone?

Of course, you can. Modern betting sites such as Lollybet have a dedicated mobile app that allows you to place bets with ease. The world of gambling is shifting toward mobile gaming in the past decade and the sports betting community is loving it. You can now place bets on the go straight from your smartphone or tablet and even watch a stream live on your preferred device.

Can I Wager with a Bonus?

Yes, you can. A sports betting bonus can be anything from a free bet to a larger deposit bonus. Just make sure to read the terms and requirements before claiming any. Some sites may have the wagering requirements set too high so you won’t be able to finish them on time. Get yourself a bonus, read expert sports betting tips and you’ll be on your way to becoming a master punter.

How to Choose a Good Bookmaker?

If you want to win big, you’ll first need to find a good online bookie. It may sound like a simple task, but with so many scams out there, identifying a proper betting site is hard. You need to check its license first. If it checks out, it’s a reliable bookie where you can place your bets safely.

The next thing you should pay attention to are the odds. Choose the bookmaker the most valuable odds and the best deals in terms of promos. You can earn a lot of extra cash online and if you’re smart, free bets can be easily used to give yourself an advantage.

Other things are down to personal preferences. You might want a bookie with a proper mobile site or one that also includes a casino. Just pick the best one and you’ll no wonder start winning soon.