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How to Bet guides
Online betting and gambling has never been more popular than it is today. Thanks to the rise of online sportsbooks, bettors are now spoiled for choice when it comes to placing a bet.
If you are new to online betting and are or making your first deposit online, it can be quite a scary feeling parting ways with your hard earned money.
Understanding the betting process can seem quite a daunting process but thanks to the rise of online gambling, things have never been easier.
We here at BonusBets.com have developed a series of useful 'How To' guides, explaining the basics of betting on each individual sport, covering the most common types of bets placed, and providing information on which betting sites in your country we believe offer the best odds and betting experience.
Before you get started on any of those though, be sure to check out the simple guide on how to place a bet for the first time and to acquaint yourself with some of the basics of betting.
Getting Started with Online Betting
Online gambling has never been easier and with such a wide selection of licensed betting sites available in most countries, getting started is both quick and easy.
The first thing you will need to do is decide which betting site you are going to use. Our betting site reviews on this website can help you to make that decision. Once you have done that, you simply need to open an account by clicking the ‘Join’ or 'Registration' button found on the home page of each betting site.
Creating your account is a simple process that involves providing a few details such as an email address or mobile number, or creating a username and password if required.
Once that is done, you can deposit money into your account. Most sites will provide you with multiple ways to fund a betting account, with popular options including credit cards, debit cards, eWallets and Bitcoin.
Once you have done this, simply search through the site’s available betting markets, add a selection to your coupon (which will commonly appear on the right-hand side of your screen), enter how much money would like to gamble, and then confirm the bet.
If your bet is successful, you will then be able to withdraw the winnings back to your bank account. Alternatively, you can use those winnings to place further bets.
Understanding Betting Odds
If you are new to online betting, then understanding odds can be a daunting task for some people.
There are two ways that odds are typically portrayed, the traditional fractional view and the decimal view.
Fractional odds: The easiest way to understand fractional odds is that the first number is the amount you could win, and the second number is the amount that you have to put on, otherwise known as your stake.
So, odds of 2/1 would mean that if you bet $1 on the bet, you would win $2. The winnings and the stake are simply multiplied from there on in depending on how much money you want to wager, so if you wager $50, then your winnings would be $100.
Some fractional odds may appear to be a little bit more confusing but they aren’t too complicated once you can get your head around them. A bet that is listed at 7/2 would return seven pounds if you were to bet two, but just because the number says two, doesn’t mean you can’t bet one. If you bet $1 on this bet, then your return would simply be $3.50.
Decimal odds: A lot of bettors prefer decimal odds because simply put, they are easier to understand.
Decimal odds are, as their name may suggest, displayed as a decimal number and simply display the amount your selection would win for every $1 you placed on it. For example, a selection displayed at 5.00 would return five pounds for every $1 you wagered.
A lot of newcomers found these odds a lot easier to follow but it is worth remembering that not every bookmaker will offer odds this way and will opt instead for the more traditional view.
How to Choose an Online Betting Site
There are hundreds, if not thousands, of online betting sites to choose from. For gambling newcomers, choosing a betting site to join and bet real money with can be quite nerve-wracking.
Some people will prefer to use the same sportsbooks all of the time, but there are plenty of reasons to join a new betting site and try out different markets.
Different betting sites will have better odds for different sports, while some will have better offers for specific events throughout the year.
Above all else, you should find a company you feel comfortable with and who provides a service that suits your needs. If you have any problems deciding which betting site to use or have any worries about using a certain company, remember to come back to BonusBets.com and check our betting site reviews using the menus on this the page.
Betting Offers and Sign-Up Bonuses
If you are new to the world of online betting then there will be a wide range of welcome offers, free bets and sign-up bonuses available for you to take advantage of.
Due to the high level of competition between betting sites, the majority of online sportsbooks and casinos will offer new customers some form of free bet or bonus offer when opening an account. They do this in the hope that this will be enough to keep your custom.
You can often use these offers when you initially join up with a website, which puts anybody new to gambling with a whole wealth of sign up offers to take advantage of.
You can find out how to use these bonus offers by using our betting site guides and reviews which are found on the pages of this website.
In addition to sign-up offers, most betting sites will regularly offer special types of bets on specific events for registered players. This means you can enjoy betting offers such as cashback on losing bets, enhanced odds on a specific match, and deposit bonuses. We have made sure to cover these in each of our individual sports guides so you know exactly what to look for.