It’s the summer season and that means that it’s time for sports betting on the big sporting tournaments like the Euro 2021. Hundreds of thousands of bets have already been placed in anticipation but there’s still time for you to get involved in the action and win big!
If you want to start sports betting today, there’s nothing stopping you. We’ve put together everything you need to know to get started, so you can sit back and enjoy watching the games and fingers crossed, winning some money.
There’s plenty of sports betting websites online to choose from depending on what you’re hoping to bet on and what odds you’re looking for. Some of the most popular used betting websites include William Hill, BetFair, Bet365 and 888 Betting.
When researching which betting website to use, our top tip would be to look into what they offer to new customers. For example, Bet365 offers £100 credit when you deposit £10 for your first bet! Lots of these websites incentivise this way to outcompete their rivals, so make sure to find the one that you think gives you the best deal.
Another key thing to look out for when choosing to sign up to a betting website is to always make sure they’re regulated and abide by the fair play rules. UK laws are very strict on betting sites and have worked tirelessly over the past few years to make sure that they are all abiding by the same regulations. If you’re not sure if a site is legit, or you’re concerned about depositing your funds and sharing your personal information with them then the best thing to do would be to either opt for a more well-known betting site that you can trust or do some digging for reviews.
Odds can change, especially when players get injured, teams start overperforming or underperforming and results start to show if a team looks like they will do well. However, once you have placed a bet, the odds you betted on will remain in place. For example, if you placed a bet on England to win the Euro tournament at 9/2 odds, regardless of if these odds fluctuate, your bet will be based on the original 9/2 odds that you betted on.
It can be difficult to understand all the different odds and how they work but there is a simple way for you to make sense of them – use an odds calculator. This way, you can see how much you are set to win with the amount you put down if your bet pays off.
If you’re not sure how to make sense of the odds put on each team, there are plenty of useful “odds calculators” online that can explain them to you so you’re fully aware of how much you will make if your bet is won.
It’s important to remember that all online sports betting websites offer different odds so be sure to do your research beforehand. Don’t just go with the first one you see and believe them all to be the same. Most safe new betting sites will have odds relatively similar to each other. For example, you might find odds for England to win Euro 2021 on BetFair at 9/2 but then find odds on them to win at 7/1 on William Hill.
You can bet on almost every sport that you can think of online: tennis, football, rugby, darts, you name it, they’ve got it. So if you want to place a bet on the Euro 2021 tournament, for example, you can opt for a “straight bet” which would be you betting on a final winner, a “total bet” based on a point-scoring system, a “parlay bet” which accumulates winnings and spreads across multiple games and, a “Point Spread” which allows you to bet on both teams playing and you only have to win by the Point Spread margin.
There are hundreds of online betting websites that offer new customers an incentive to sign up, mainly because competition is so high. This is good news for you, especially since the gifts tend to be very advantageous.
Take Bet365 as an example, they offer new customers up to £100 in free credit for just a £5 deposit. Whereas Virgin Bet offers a completely different incentive, put down a £10 bet of your choice on the Euros and receive £20 credit and £5 for you to use on each England game! These aren’t the only two big names that are incentivising signing up either, so you’re more than spoilt for choice.
Much like in-person bets, the same rules and regulations apply. You must be aged 18 or over in order to place a bet and you will be asked to prove your age with a form of identification. Additionally, rules state that you must only use your own funds when betting, so always only use your own credit or debit card when placing funds into your online betting account. Adhere to all terms and conditions set out on each individual betting website, which will focus on not monopolising or disrupting fair play rules, and then you’re good to go!
Before you do all of your research on which betting site gives you the best odds and the best sign up incentive, be sure to check if you are able to bet in the first place. UK laws require you to be at least 18 years or older in order to bet, as well as only depositing funds from your own bank account. All bets hold a measurable risk so make sure that you’re always betting safely and never putting down more funds than you can afford to lose.
If you’re new to sports betting, or you want to refamiliarise yourself with the different types of sports bets that you can do, here’s the top 4 that you will likely see:
A straight bet is simply who you believe will win a game. So for example, if you believe England will win the Euro 2021 football tournament, then you’ll place a ‘straight bet’ on them.
If you opt for a Point Spread bet, this means that you can bet for the favourite team to win and the other team to win. The only difference is that the winner of the match has to win by more than whatever the Point Spread is set as. This is a great choice for those who don’t want a high-risk bet.
This bet is based on the total of points scored during a match, so your bet will be dependent on
how each side performs.
A Parlay bet is a very popular choice for tournaments like the Euro 2021. A Parlay bet means that you can bet on more than one game and you will accumulate funds for the next game when and if you win. At the end of the parlay, you can retrieve your winnings as long as all the bets you put down were won.
One of the biggest benefits of online sports betting is that it’s so easy to get your winnings, simply withdraw your funds and the website will deposit your funds into the bank account associated with your profile – easy!
Whatever bet you choose to put down and whoever you choose to go with, make sure that you understand the risks that come with any online betting. Only bet with funds that you can afford to lose and make sure that you have fun with it!