How to bet online – Sports Betting Simplified
Let’s start with the basics here. Before we dive into the specifics of how to bet and the types of bet, you need to know what sports betting represents exactly. The definition is rather simple – we can think of sports betting as an activity where you try to predict results and consequently place wagers on the outcome.
Online sports betting is one of the most popular forms of gambling in Nigeria as it taps into the passion of sports fans. Any bet you place allows you to prove your knowledge of the sport or maybe even to show your loyalty towards a particular team or individual.
Compare Odds
One of the first aspects you have to understand before you start betting is how odds work. Odds indicate the probability of a certain sports betting event happening and consequently will determine the possible payout.
Note that odds vary from one Nigerian bookie to another. Sites use different algorithms to calculate the odds and very often have different opinions on how a certain event is likely to unfold.
Therefore, you can understand that comparing odds is one of the crucial activities you must do as a sports betting enthusiast.
Comparing odds will not take too much of your time, but it will help you find the best value and will increase your chances of making a profit in the long term.
Betting Online
One of the best things about online sports betting is that you have many ways to bet on a game. You are never limited to just a few options, but when you are new to this world, it is important that you start with the basics.
Before you move on to the more complicated bet types, we can recommend the three most basic and most popular bets in Nigeria:
- Single Bets – arguably the most straightforward bet you can make at Nigerian bookies. As the name itself suggests, this is a bet that you make only on one game. You just pick your bet for a specific match (whether it is the outcome, over/under, etc.) and just place your wager. You get your winnings in accordance with the odds and your bet size.
- Accumulator Bets – moving on, we have another popular bet type in Nigeria that is commonly referred to as “acca”. It means that you will need to combine bets from several games into one single betslip. You can calculate your potential winnings by multiplying the odds with your wager.
- System Bets – lastly, a system bet allows you to wager on multiple acca bets at once. This way, you can secure a profit even if at least one of the wagers loses. For example, if you select 6 wagers, you can choose to bet on the system 5/6. This way, you will secure your winnings if at least 5 of those 6 wagers come out successfully.
Live Betting
Live betting is something that we are sure you will fall in love with as you get more experienced with your online sports bets. Live betting goes by many names – some sportsbooks refer to it as in-play betting, but it always means one thing – betting on an event that is already underway.
As you can see, this is where the sheer contrast to the pre-game bets mentioned above comes. Those bets are specially designed and processed before an event starts but live bets happen as the game goes on.
Just because an event has started doesn’t mean that your betting options are limited. You can still wager on the outcome of the match, the next scorer, over/under bets, the next yellow card, the next corner, and so on.
Note that the odds change all the time here, so you need to be very sharp with your decision-making if you are to place a successful live bet!
Step-By-Step Guide to Online Sports Betting
Now that you know all there is about sports betting and the bet types, it is time to learn how to bet exactly! Starting your online betting adventure requires you to follow just a few simple steps:
- Take a look at our list of bookies and compare – all bookmakers you find on our site are licensed by the best regulators in the world. So, take a look at them, and as mentioned above – compare the odds, see the betting markets and choose one that matches your preferences!
- Sign Up – once you make your choice, you must complete the short registration process that usually doesn’t take more than a couple of minutes. Follow the onscreen instructions and provide the necessary personal details.
- Verify your account – you will then receive a verification email or SMS containing a link. Click on that link to verify your account!
- Deposit – you can now choose a payment method from the list and make your first deposit. Note that the minimum deposit limit can vary from one bookie to another.
- Start wagering – your betting adventure can now begin! Scroll through the markets and betting types available, choose your first bet and place the wager! Hopefully, it will be a successful one, after which it will be time for your first withdrawal!
FAQ: How to bet online
Getting started is easy: select a reputable sportsbook, register an account, deposit funds, then navigate to the sport or event you wish to bet on. You’ll find options to choose your bet type, input the amount you’re willing to wager, and then you can place your bet.
Whether you’re on a desktop or mobile device, betting is accessible. Most sportsbooks offer mobile apps or mobile-friendly websites. Simply log in to your account from your preferred device, find the sport or event, and follow the steps to place your bet.
Betting with friends can enhance the experience. Some sportsbooks offer group betting options or you can create personal betting pools. Discuss the event, decide on the bet together, and each person can place the same bet on their individual accounts for added excitement.
Visiting a brick-and-mortar sportsbook allows you to experience the atmosphere of live betting. To place a bet, you’ll approach the betting window, tell the cashier your bet details (game, bet type, amount), and hand over your wager. You’ll receive a physical ticket for your bet.
For beginners, it’s important to start with simple bets. Focus on straightforward bet types like moneylines or point spreads. Research the sport and the teams involved, decide on your bet, and follow the steps on the sportsbook to place your wager.
Adopting a betting strategy involves understanding betting odds, managing your bankroll, and learning about different bet types. Start with small bets to familiarize yourself with the process, and always research before placing any bets. Consider diversifying your bets to spread the risk.
