The online betting industry is forever expanding, and the transition in popularity from retail betting shops to online platforms is evident. For betting newcomers or those looking to join the online revolution, where do you begin?
Our betting guide looks to solidify your knowledge on how to place a sports bet online—uncovering the differences between retail sportsbooks and online betting platforms, answering why your sportsbook is so important, how to utilize your bonuses as well as how to gamble on sports online.
There’s no disputing the atmosphere in a retail sportsbook is electric on game day. The NBA finals or build-up to the Superbowl causes plenty of discussion with fellow punters, creating intrigue and laughter amongst those of you queuing to collect your winnings the following day. But, a race down to your local sportsbook before kick-off, a queue of like-minded punters, and a betting slip that gets lost down the sofa could soon become a thing of the past.
Online sportsbooks are taking over. Say goodbye to waiting times as you place a bet online in seconds, track your betting progress from your phone, receive notifications of winnings, and stay social by commenting, sharing, and liking fellow bettor’s wagers.
The top online betting platforms are home to hundreds of sporting markets, including Horse Racing, NBA, NFL, MLS, MLB, and much more. Whether you prefer spread betting, money line betting, or building your own underdog parlay, the online betting world has it all waiting for you at your fingertips.
The main appeal of online betting is ease. Providing you have Wifi you can create an account, deposit, and place your bets from the comfort of your own home. Or, for some reputable and top-end sportsbooks, you can download the app and place bets on the go.
As we have already mentioned, depositing into your account can be done at the click of a button. Withdrawing from your online account can be done just as easily too. Some betting platforms also offer the cash-out feature, which allows you to be in control of your bet throughout the whole fixture, meaning if you are unsure you made the right choice, or if you feel your bet could turn against you, you can cash out any winnings prematurely.
Many online platforms not only allow you to make a bet online but allow you to make friends online too. Online sportsbooks understand the social element involved from going to a retail sportsbook and, while the atmosphere cannot be matched, the social aspect can still be added.
Here at Wetten, we are advocates for both retail and online sportsbooks, understanding the need for both and accepting both have their pros and cons. If you are looking to open an online betting account, we highlight the five key things to consider before doing so next.
As mentioned above, a lot is going on in the online world of sports betting, meaning there are few considerations before placing your first online wager. Our experts explain exactly what to look out for when placing a bet online and how to make your online betting career as enjoyable and profitable as can be.
Before placing any type of online bet, be sure you are aware of precisely what kind of sportsbook you are signing up to.
All licensed and regulated online sportsbooks will display their license details at the bottom of their webpage, or it will be detailed in their about us section. If you are struggling to find these details, we suggest emailing their customer service team for confirmation.
If your platform uses SSL encryption, offers a two-factor authentication option when signing in to your account, and is host to reputable and well-known payment methods, we would suggest your online betting platform is secure and legitimate.
Other vital considerations of your chosen platform include its usability and accessibility. Using a site that allows users to deposit and withdraw at the click of a button, build parlay within seconds, or place bets via your laptop or mobile device gets the thumbs up from us.
The last key part of the sportsbook experience is its customer service representatives. When selecting the top sportsbooks, we look to see what methods of contact are available, what are the regular response times and extra points for those who provide a dedicated self-help page with answers to frequently asked questions.
Often, online betting platforms will use lucrative sign-up bonuses to entice new customers. However, before signing up and taking advantage of this, be sure to check all the terms and conditions associated with the platform, as well as the bonus itself – you may find all is not as it seems.
Unfortunately, if it’s too good to be true, it probably is. We at Wetten regularly see sign-up bonuses that promise the world but do not deliver. When checking the terms and conditions and paying particular attention to minimum deposits and wagering requirements, users could find themselves depositing a lot more than initially intended to unlock their promotion.
Another consideration for those of you utilizing bonuses is the expiration date. Understanding when your promotion runs out and what markets you can use your bonus on could be the difference between a profitable bonus wager and a losing one… or, if you miss the deadline altogether, a non-existent bonus!
If you are planning on becoming a long-term member of a platform, it is worth diving deeper into some honest user reviews. Here you will be able to spot whether the lucrative bonuses are purely bait for new customers or if your chosen sportsbook repays your loyalty too. VIP programs and loyalty schemes are an excellent way for you to boost your wagers long-term, and it also shows your platform cares about the retention of their customers, not just getting new ones in!
Another critical decision before you begin placing bets online is choosing the right markets. With plenty of professional and virtual sports at your fingertips, it is easy to get overwhelmed finding yourself lost in the Bolivian U17’s league and aimlessly building a parlay.
It seems obvious, but we advise sticking to what you know. If you are a Cincinnati Bengals fan, then reviewing the NFL fixtures or predicting next season’s draft picks could be better suited to your knowledge, rather than trying to select the winner of an MLS matchup.
As well as considering the various sporting markets available to you, it is worth considering the type of wager you will look to place. Below, we have itemized a few common sports betting choices:
If you know how to place sports bets online, you should know how to do your research into them too. Betting blindly, or betting with the odds alone, can be risky and lead to unnecessary losses.
Although sports betting should be viewed as a fun and enjoyable hobby, an element of research and understanding is needed if you plan to be successful. We mention sticking to what you know when reviewing the markets. However, knowledge is power. We believe even if you aren’t a Holloway, Nunes, or McGregor fan, it may be worth reviewing our how to bet on UFC fights guide, adding to your MMA betting knowledge and opening up an entirely new market for you to try your luck on.
The same applies with all other sports you look to bet on, too, particularly those you may be less familiar with because when it comes down to it, greater research = greater rewards.
Self-assessment is our final point when learning how to place sports bets online.
Some of the top online betting operators will provide you with a running tally of your profit and losses, recent bet outcomes as well as a look at your deposit and withdrawal history. If your chosen platform does not hold this facility, we recommend creating your own.
Looking back over your own recent form could provide you with some critical betting insight, showcasing exactly what markets are proving positive to your bank account and which are proving costly! Are you making profits from under/over markets? Losses from Totals? Understanding your own habits, preferences, and outcomes could be a great way to boost your betting career, remove what doesn’t work, and add to what does!
As we come to the end of our how to place a bet online guide, we hope we have managed to instil some industry knowledge into you, and your understanding of the online betting world has increased.
Before looking up how to make sports bets online, look at how well your online betting platform can keep your funds safe. Your sportsbook should be your first consideration when placing a bet, and being able to find credible and legitimate platforms should be easy enough, providing you stick to the tips and tricks we mentioned above.
Reflect on previous bets and find a way to review and conclude which bets have worked for you and which bets have worked against you. Bonus points, if you can figure out why!
One last note before closing our how-to place bets online guide is to ensure you stay on top of your sports betting usage. Keep it light, fun, and within your means. If you start to feel overwhelmed by your betting habit, it could be time to give yourself a time out or reach out for some help.
The number of legal online betting platforms is growing rapidly across the US, as legislation begins to change. Depending on the state you reside in, you will be able to access a whole host of platforms with copious markets for you to review, research and wager on.
There are many things to consider prior to placing bets online. Consider the sporting event you are looking to wager on, understand the betting markets associated with this fixture and unlock any bonuses or promotional codes to enhance your odds.
When signing up for your new sportsbook consider the payment methods available to you for placing bets online. Reviewing the terms and conditions before depositing into your account could help you avoid unexpected fees. This is a great opportunity to review minimum withdrawals and transaction times too.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
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