Here you can find all the information you need about sports betting: from choosing a bookmaker to betting types and odds. To make the best choice for your next visit at TonyBet.
We show you how sports betting works and what you need to consider when placing your first sports bet.
What is sports betting?
Sports betting is betting on the outcome of a sporting event.
These can be bets on the outcome of a game, the result, the performance of a particular player or even the weather conditions.
For many people, sports betting is a popular pastime. It is crucial that sports betting is handled responsibly.
It is particularly important to only use reputable bookmakers.
The be-all and end-all: finding reputable bookmakers
The first step towards your first sports bet is to find a reputable sports betting provider, also known as a bookmaker.
Bookmakers are companies that offer bets on a wide range of sporting events. They can be found online or locally and offer a wide range of different betting options and odds.
It is important that you choose a reputable bookmaker, as they guarantee the safety of your money and, above all, the payout of your winnings. In Germany, reputable betting providers are issued a German betting license, which ensures the necessary security when betting.
Sports betting usually requires a deposit
Once you have decided on a sports betting provider, the next step is to open an account there and make a deposit.
This can usually be done online or in person and requires some personal details such as your name and address. It is also important that you choose a deposit method that you feel comfortable with, such as a credit card or e-wallet.
Take your time to enter your details and check that they are correct so that there are no problems later when verifying and paying out any winnings.
Some of the most popular bet types in sports betting
Once your account is set up and you have made a deposit, you can start placing bets.
The most common type of bet is the outright bet, where you bet on the team or player you think will win a match. There are also point spread bets, where a handicap is applied to the team that is considered the underdog to make the game even.
There are also over/under bets, where you can bet on the total number of points, runs or goals scored in a game.
Another type of sports betting is long term betting, where you bet on the outcome of a future major event, such as the winner of the Super Bowl or the World Cup. These bets are usually placed well in advance of the event and the odds can change as the event approaches or even as the event takes place.
Combo bets are another popular type of sports betting where you can combine multiple bets. This allows you to bet on several outcomes at the same time and thus achieve significantly higher winnings, as the betting odds are multiplied by each other. However, the risk of losing is also higher, as all bets must be correct for you to win.
Live betting is an increasingly popular form of sports betting where you can place bets during the game. This can be done online or via a mobile sports betting app and offers the opportunity to make quick decisions based on the course of the game.