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Beginners’ Guide on How to Bet Online on Sports 2024?: Everything You Need to Know!

Publish Date: 10/03/2020
Fact checked by: Myra Chopra

The actual mechanics of how to bet online are simple: you register with an operator, fund your account, choose a bet and place it. However, if you want to understand the betting process and place successful bets without leaving everything to luck, it can get daunting because we don’t know how to make bets accurately. If you’re someone who is new to betting, you will want to know some tips and tricks on how to bet online – including which bookmaker to use, how to use the bookmaker, which bet to place and how much to bet. Here, you will understand the basic procedure of making online bets – irrespective of the niche. Be it a sportsbook, a casino, poker or any other specific bookmaker; all you have to do is follow these steps to make safe online bets.

How to Bet Online – Main Focus Areas Covered

Here are a few bullet points that you should know on how to bet online so that you won’t make the rookie mistakes and keep yourself in a safe zone:

  • Learn all the basics of the betting – learn the markets, slots, betting types, tips and strategies.
  • Set Objectives – Based on the operators and the betting niches, set achievable objectives.
  • Set Budget – Use a specific staking plan and set accurate budgets.
  • Understand the Value Bet – The value of each bet is different from others.
  • Compare Odds and Lines – Browse for different odds and lines for the same match to compare.

Your Quick Guide to Betting Online

The ulterior motive of ‘how to bet online’ is to have fun as well as win money. Therefore, there are a few steps that you should follow in order to start betting.

#1 Find the best Online Bookmaker:

There are so many operators or online bookmakers that are available in the market, which is why it is not possible to pick the best one. Each operator has their own free bets, welcome bonuses, reload bonuses, customer offers and special deals to entice the new customers and also to retain the existing customers. As a punter, it is recommended to consider the bookmakers which the majority of the people use because you will have first-hand testimonials from them that are handed to you.

Choose some of the best bookmakers and start signing up in more than one bookmaker so that you can compare which one is the best. The choices might seem difficult at first, but with time, you will find the one that suits your requirements. On top of that, also check a few things like in-play betting, cashing out, accumulator protection and security encryption. After choosing the operator, decide on the type of the bet for a specific bookmaker to get the best of the bonuses. For example, if you are planning for in-play betting, it is pointless to signup on a bookmaker that doesn’t offer it.

#2 Depositing and Withdrawing Money

Some gambling operators are known for offering no deposit bonus to the new customers so that they can use it to wager and know whether to continue gambling with real money or not. However, on winning the bets from the bonus, you will have to complete the wagering requirements which will prompt you to deposit real money. Setting out on this process will need you to set a budget for yourself without spoiling your money management. Most of the online operators will help you in setting the daily deposit limits with a tool that’s available on their website and guide you in how to bet online. You can either take advantage of that or directly set the budget by yourself so that you won’t have to worry about spending more money than what you can afford.

While making the deposits, you can make one bet from one account using a credit card so that you can get it registered or verified on the operator. The details provided will be used to verify the age, ensuring that you won’t break any gambling laws. While withdrawing money is very simple with most of the operators. You can just go to the account section of the particular operator and submit a withdrawal request. By selecting the amount to withdraw, you can choose what amount should go into the account. Depending on the bank that you are working with, it will take around 2-5 days for the money to get reflected in the account. Some online operators also allow withdrawals into registered accounts like Neteller, Paypal or Skrill for quicker reflections before 24 hours of submitting the request.

#3 Placing Your Bets:

The main task in how to bet online is designing a bet in a particular market. Before placing a bet, a player should follow the guidelines of the operator, and consider the available betting markets, the recent statistics, the recent form and the recent games. By going through the in-depth analysis and exclusive tips, you can gain confidence in how to bet online. Your chosen bookmaker will mostly have dedicated sections for each market with a menu leading you to special offers, bonuses and promotions. Follow the menu to find the matches that you can probably win through various betting options. Most of the matches are self-explanatory and will not require a lot of effort to understand it.

#4 Keep an Eye on the Scores:

Once the bet is placed, you will have to be logged in to the site in order to check the bet progress. Some operators are also known for providing you with the live streaming feature of various matches which allow the customers to make the minimum bets in order to get hold of this feature. If you don’t fulfill the required requirements, the game will not start streaming. A lot of operators will have different pages that give us a live match every day. It will display the score, the relevant statistics and the graphics that show the qualitative action. On top of that, you will also see the in-play options and other changes, just like the live casino.

Across the board, the process of ‘how to bet online’ is similar regardless of the operator.

How to Place a Bet Online – Step by Step

  1. Go to the particular operator and find the ‘Sign Up’ option to open your account
  2. Log in using your credentials and make an initial deposit using the ‘My Account’.
  3. Go through the menu and find your preferred market or sport.
  4. Click or tap the statistics to either place wagers or add the odds to the bet slip.
  5. Enter the stake and hit the ‘Place Wager/Place Bet’ button in order to confirm.

What are Accumulators or Multiples?

If you are looking for how to bet online with an accumulator or multiple bets instead of a single bet, you can follow the same steps 1-4 as above, but the process changes after that.

  • You have to repeat the third and fourth steps; you can add all the betting selections to the bet slip.
  • Open the bet slip in ‘1x’ multiple boxes, enter the stake and place the wagers/bets.

The process of how to bet online with real money is a simple and quick process but don’t get confused with the above-mentioned steps.

How to Find the Best Bookmaker for You

There is no definitive operator that can be designated as the best once you have mastered how to bet online, since it depends on the preference of the punter. Each operator comes with a set of features and benefits that might appeal attractive to one punter and unattractive to another. This is why it is important to go through the reviews in order to know about them in detail. Our reviews at Gambling Guy are full-fledged and contain all the information needed for a player to sign up with a specific bookmaker or not.

Best Bonuses and Rewards to Try

An operator will provide the player with bonuses and rewards in order to keep them attracted to the site. It can either be free cash, free spins, or some points that they can use in the betting process. Through bonuses, the players get motivated and feel like they are being rewarded for their loyalty on the site.

Enjoyed This How to Guide? Check Out These Other Favorites

You can use this guide on ‘How to bet online’ to place bets with various bookmakers if you’re a beginner. Other than that, you can also avail other betting guides on ‘Can you make money on betting online?‘, ‘How betting odds are calculated?‘, ‘Are Canadian Betting Websites legal?’ ‘How does cash out Betting work?‘ and ‘What do Betting Odds mean? to further understand how online gambling works. Gambling Guy also provides you with detailed betting strategies that you can use to increase your chances of winning bets in specific sports such as Football, Horse Racing, Cricket, Greyhound, Golf, Value Bet and Tennis, along with general betting strategies.

Conclusion – You’re all Set to Place Your Bets!

How to bet online is a topic many punters overlook, but it will help your betting to have knowledge of how the online betting process works. With many reputable operators across the world, you won’t be short of any opportunities to enjoy online betting. As long as the betting is within your budget, and you are confident in how to bet online, you can take the entire betting process to another level. However, remember to stick with reputable operators for safe betting and speedy payouts. Do not get seduced by flashy banners and offers that seem to be too good to be true. Gambling Guy provides you with expert operator reviews and comparisons, to help you carefully choose the best operator for your betting preferences.

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