Sports Betting

Sports betting is one of the oldest forms of betting. Put simply, sports betting is predicting the outcome of a sporting event, whether that's a football match, horse race or game of cricket, and betting money on it. Sports betting can vary from simply picking the winner, such as which horse will win a horserace, to predicting the score of a football match or even betting on which player you think will score first.

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Sports betting is based on a system of odds. Odds are what bookmakers use to calculate how much you will win on a bet. The simplest form of sports betting has even odds. This means you win the same amount of money as you have bet, plus your initial stake money. However, the odds offered by bookmakers on many sports bets are more complicated than this. Odds are normally written in the format of the amount you can win compared to your stake money. Odds of 3-1, therefore, mean that if you bet £10 on a race or match and you win, you will receive £30 plus your initial stake money. Sometimes a sports bet is classified as odds-on, which means the amount you can win is lower than your stake money, such as 1-3. However, as you always win back your initial stake, you still make money if you win.

How sports betting works

Horseracing is one of the oldest and most common forms of sports betting. This is because a horserace usually has a large number of potential winners. When you bet on a race you can either bet for the horse to win outright, known as a "straight win" bet, or bet for the horse to be "placed", in other words come second, third or fourth, in which case you get a quarter of the odds. Most people that do this place an "each way" bet, which is simply two bets, one for the horse to win, and one for the horse to get a place.

In sports, such as football, the straight bet odds are often a lot lower than for horseracing. This is because there can only be three possible outcomes, a team can win, lose or draw. However, sports betting lets you place bets on all sorts of potential outcomes, such as which player you think will score first, what the final score will be, and even how many fouls you think will take place. These sorts of sports bets usually offer much higher odds because there are a lot more potential outcomes.

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Joe is crazy about Manchester United, as you might have noticed from his display picture. The site your on was created by Joe and his backend team, you'll find him writing anything from match reports to bookmaker reviews!

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