Benefits of Online Betting
There are numerous advantages to online betting. The selection is vast, you can bet live, there are no restrictions on location, and you can place your bets via web or mobile applications. When you choose the online platform over traditional paper-based betting, it's worth forgetting everything that tied you down in the old environment. You can play your sports-related hunches much more freely, with numerous features that can assist you during sports betting.
With online betting, you can comfortably select your picks from your computer. You can even place your bet moments before the match starts or bet live during the game. If you're ready to dive into online sports betting but don't know how, we've summarized the most important steps!
Selecting an Online Bookmaker and Making a Deposit
To begin, you need to register with an online bookmaker to create your betting account. We have compiled recommended bookmakers based on various criteria and rated them according to user votes on the following: customer service, interface, reliability, odds, selection, speed of payout, ease of deposit, and live betting options.
In addition to these, pay attention to bonuses as well. Payment options are also very important because you'll need to fund your account before placing bets. It's worth keeping in mind that in most cases, you'll be able to withdraw funds in the same way you deposited them.
Bank Transfer
You can deposit at most bookmaker sites via bank transfer, for which you'll need a bank account at a bank. It's a straightforward transfer to the account provided by the operator. They will almost always ask you to include your username or account ID in the reference field. Additionally, they'll provide the beneficiary's name, bank, account number, IBAN, and SWIFT code required for the transfer.
Bank Card (debit or credit card)
A bank card offers a simple payment option since there's no processing time like with bank transfers; the money goes straight into your betting account. They'll ask for your card number, expiration date, and CVC/CVV code. Don't worry, recommended bookmakers don't misuse your data!
Skrill
If you're serious about sports betting, you'll need Skrill. With this online wallet you can pay make deposits and withdrawals, send money to friends or acquaintances or exchange between currencies. After a free registration, you can have your own Skrill account, which you can top up from your local bank account via transfer or bank card. You can also order a Skrill bank card for about 10 euros, which allows you to withdraw money from any ATM or make payments at stores.
Neteller
Another popular online wallet you can use to make payments and withdrawals at most online bookmakers, send money to friends, and make online store purchases. After free registration, you can top up with a bank transfer from your local bank account, and card payments are also available. Similar to Skrill, you can also request a debit card for a fee but virtual debit cards are also available. With this card, you have immediate access to your money at any ATM and can also use it for payments.
Revolut
Simply put, Revolut is like a bank with an internet interface and it is an innovative financial services company. You need to download a mobile application, which comes with a bank card allowing payments and cash withdrawals from ATMs without fees (limits apply). You can also request a virtual VISA card, making it a comprehensive payment tool usable for sports betting.
Paysafecard
A fast, secure, and convenient payment option. You can get it either by finding the nearest sales point on the paysafecard website or purchasing online. Different denominations are available depending on your location. After purchase, you'll receive a PIN, which you use to deposit into your betting account, and the money is immediately transferred. It can also be used as a wallet in some countries.
Cryptocurrency
The first and most well-known version was Bitcoin, and since then, numerous versions have appeared. Its technical operation may sound complex, involving decentralized control and blockchain technology, but its commercial acceptance is growing. It's becoming increasingly popular in certain countries, and it's starting to make its way into online gambling.
Some payment methods (e.g., Paysafecard and Abaqoos) are not suitable for withdrawals, only for depositing into your betting account. Prepare yourself; when using these methods, you may need to make a deposit via Skrill first and then request a withdrawal to your bank account via transfer.
Placing an Online Bet
Now that your account is funded, it's time to bet! Thousands of sports events await you, from which you can freely choose. You can place single bets or multiples/combos. There are various types of bets available, briefly summarized on the types of bets page. The question arises: what should you bet on? Since there's no 100% guaranteed outcome, after the technical part, we face a very difficult and complex task: we must bet profitably.
There's no surefire recipe, but you must realize that the possibilities are endless. You can't get rich overnight; otherwise, everyone would be doing it. You must handle your available bankroll wisely and think long term. On the betting strategies page, you'll find useful articles about betting on draws, goals, and breaks, as well as problems that arise during live betting!
Money Management in Sports Betting
The basis of successful sports betting is long-term thinking. If you think about it, you keep your future in mind in other areas of life too. You go to university to get a better job. You learn foreign languages to profit from this knowledge in the future. Planning and setting goals are fundamental in business too.
Your goal in sports betting is profitable play. Not every bet will win, so you must prepare for downturns. You can do this by managing your money! In practice, this means determining an amount of money (bankroll) that you allocate to sports betting.
Forget about staking your entire amount; think long term! It's widely accepted among sports bettors that your base bet should be around 5%. For example, if your bankroll is 100 euros, you can bet 5 euros on each bet. Doesn't this sound like a windfall? What if you don't apply this cautious system? In the short term, you might win some money, but in the long run, the bookmaker wins!
