Sports betting simply means placing a bet on any sports that you’d like to predict the outcome. It is a form of gambling that is getting more and more popular all over the world, like in the US and in Europe. Online cricket betting in India for example, is among the hottest trends in the country, where this particular sport is not just sport, but a religion.
There are plenty of sports you can place your bets on and some of these are basketball, football, horse racing, tennis, cricket, golf, and baseball. Sports betting is a multi-billion dollar industry and it is even expected to account up to $155.49 billion by 2024 because of its gaining popularity.
Whatever your choice of sports is, to place a bet, you’ll need to look for a trustworthy betting website. Also called sportsbook, this is where you can place your bets on. You can look for an actual or mortar-and-pestle sportsbook or of course online. Last but not least, depending on the sport you like to bet on, you’re probably going to need some help online. For instance, websites that offer cricket betting tips in India, have become an integral part of players strategy, as they provide reliable IPL, ICC world cup 2019 and many other cricket tournaments betting tips.
How Did Sports Betting Start?
If you’re wondering how sports betting started, historians could only tell you when it might have started as there’s no record of this anywhere. The Greeks and Romans are known for their love of sports and they are even credited as the starters for it.
Romans are known for their sporting events too and this includes the game of the gladiators. That is definitely the old school way of sports betting. Think of the duels on Game of Thrones wherein people have to choose a side and pick their winner.
Technically, sport was never really associated with any form of gambling when it started, but as years go by, gambling is just becoming more and more accepted and popular. It didn’t take too long before gambling penetrated a lot of industries, including sports.
Though still in its infancy, online sport betting in India is becoming a major part of sport fans culture. Betting on cricket is increasingly popular as millions of Indians are joining the ranks of the live sports betting community, thus generating aproximately $60bln a year for the entire online gambling market.
How to Start Placing Your Bet
Now that you have an idea what sports betting is and how it started, you’re probably already thinking of how you can start placing your bets too. Betting on sports is not far off from how you place your bets with any online casinos.
However, if you’re new to gambling in general, there’s still nothing to be scared about as starting a sports betting hobby is fairly easy. Here are the things you can do to start your sports betting journey.
• Look for a bookmaker
This was already mentioned earlier but do know that not all bookmakers are the same. You need to look around and know the different offers and promos that these sportsbooks offer, especially if you’re new and are planning to create an account with them.
If you’re a fan of gambling in general, you can even look for sportsbooks that are tied up with online casinos. These bookies are more likely generous when it comes to sign-up bonuses. If you plan on placing multiple bets, it’s best to start with three accounts on different online Indian betting sites to make things not so hard to track and update.
• Start Your Bankrolls
So you’ve already signed up for one or more sportsbooks and already know what they have to offer. It is typical for betting sites to require you to make deposits first before you get to place a bet. A good practice when it comes to keeping on track of your profit and money is to have a separate bank account dedicated for betting.
Having a designated account for betting allows you to easily see whether you are already losing. This can also make it easy for you stick to the limit you’ve set for yourself.
• Choose Your Sports
Almost all sports betting sites allow you to bet on the most popular sports out there. However, this doesn’t mean that you need to bet on all sports you can think of. If you’re new, start betting on just one or two sports that you have knowledge on. For instance if you like cricket, then cricket betting should be your main focus. Placing a winning wager on cricket is not so easy – deep knowledge and devotion is required in order to be successfull when betting on IPL, ICC or any other cricket venue.
It’s important that you know how the rules work on the sports you are following. It’s also a must to watch each game. This will help you have better decisions on placing your bet. Another thing that could help you is to check forums and discussion rooms.
If your choice of sports is cricket, then you need to look for people talking about this online or even outside the internet. Don’t worry as there are plenty of free online cricket betting tips that you can check on the web.
• Learning the Odds
You need to know the odds before you place your bets. This shouldn’t be hard as most sports betting sites make this easy for its punters to see which team or athletes are favored by other bettors. The bottom line is that the odds can tell you how much you’ll need to bet and win.
• Develop a Strategy
You are pretty much ready to place your bets if you’re through with the first four tips we’ve given you. However, before you do place some money on your players, you need to have a strategy to improve your chances of winning.
You need to decide whether placing a bet on each game will work well with your interest. Aside from that, you should also plan on which teams to bet on first. Some punters would bet on the favorites during the early part of the game and focus on the underdogs on the latter. You can do the same, just as long as your bets are logical and not emotional. Online cricket betting (or betting on any other sport of your choice) can not only become your favorite leisure time activity, but also a way to boost your income and compete with players from India and all over the globe.
