What is a good site for online sports betting and how does it work exactly?
- Well im 20 years old…I bet with my friends…I want to try online betting..small numbers maybe 100 dollars maximum id throw down…I was just wondering what is a good site to use and how exactly does it work?
Do I have to take money out of my bank account and put it in their account? Do you always get paid if you win?
I am totally new to it all.
Answer by GamblingMaster
You can find all that info here http://www.gamblingsafe.net/
Basically when you deposit into these sites, they keep your money in wallet, you use them to bet, you can withdraw to your bank account or using other method
- I just need to know how the system of betting works. Also, please be specfic and describe detail. I need not just the name of the sport but the division For example: not juust basketball, but NCAA basketball or NBA basketball.
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Answer by Will J
Sports betting is really simply these days with online sports books. You simply go to one of many sports books (Betus.com, Bodoglife.com, 5dimes.com, etc.) and sign up. Most of these places have an initial deposit bonus. Say if you deposit $ 100 your first time you will have $ 150 to bet with.
The key thing about sports betting is how betting odds are figured. If Team A is very popular and being bet heavily by people the sports book will lower the payout odds for Team A. This in turn will make the payout odds for Team B higher.
The reason the sports book does this is that they want equal betting on both teams. They want a scenario that no matter which team wins they can use the profits the sports book made from the losing team to pay off the winning betters from the winning team AND have money left over so the sports book makes money. Sports books want a situation where they dont care who wins because they make money either way.
The difficult part about this these days is that almost every sport is heavily worked out and there is a lot of mathematics behind the betting systems behind them.
However, there are sports out there where the betters dont know what they are doing and if there is one very popular team who should be the underdog, they might actually come out as the favorite in odds due to the heavy betting on that team.
Finding these sports to bet on is difficult. I suggest checking out www.secretsportsbet.com.
- I am interested in starting an account online for sports betting. I want to be able to deposit money and withdraw money without many difficulties and was wondering what sites offer that
Answer by GamblingMaster
Bwin… Betfair. Stick to the biggest names.
They will provide you with the best conditions.
You can find reviews of the top sites at http://www.betting-forum.com/sport-betting-reviews.php
All are safe and offer fast transactions.