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How does sports betting work?

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How to start with sports betting?

How does sports betting work is one of the most common questions asked by beginners. Wagering is much older than many of you might think. There were casting lots mentioned in ancient books more than 15-centuries old! There is no official info when was the first bet made on sports even though. However, the odds were introduced soon after the sports were actually invented. In this article, we are going to explain the basic things around online betting in Canada. The whole process of learning shouldn’t take more than 15 minutes, to read and comprehend everything carefully.

So, as the name suggests, sports betting is placing a wager on a particular sports event trying to win an x amount of money. If your team or even a player of choice doesn’t win, your stake is going to be lost in most cases. There are numerous different markets available nowadays, which is not a surprise considering how modern online technology is. The number of the available sportsbook is vast as well, especially when it comes to North America.

Our suggestion is to check some of the bookies from our list and give them a try. Of course, not all players tend to wager on sports events just to make money. For some, having an existing bet enhances the experience of watching the game. It is not a secret that more than 90% of bettors are losing money to bookies in the long run. We are never going to support any form of irresponsible betting. If you feel you are having a problem, it would be wise to stop or at least visit appropriate help channels.

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Most Popular Markets & Types of Bets

Since betting on National Football League (NFL) is very popular in Canada, we feel it is handed to explain how does the most popular bet works here. Since a big majority of matches is heavily one-sided, bookies are simply adding several points of advantage to underdog teams before the game even starts. By this, they are successfully balancing betting markets and making the wagering way more interesting. This is also called spread betting. Here is an example of How does sports betting work for NFL.

Big favorites Pittsburgh Steelers welcome Miami Dolphins in Baltimore. Bookies have marked visitors as the underdogs and assigned +12.5 point line to their name. This means if you place a bet on Miami to win the match, they can even lose it by 12 points and you would still win the bet! The line is the same on Pittsburgh as well. If you feel they are going to demolish the opposition with 13 points difference or more, simply take home win bet.

The other popular betting markets for NFL are money lines. In this one, you are simply placing money on a match-winner. As already mentioned above, the odds in some of the situations are not going to be the greatest. However, if it is an even match up, money line bets should be fun. Since most of the Canadian punters prefer using American odds style, here is a short explanation of how these work. If you see +200 number to San Diego Chargers against Baltimore Ravens, this means they are the underdogs. A $100 bet is going to net you a total of $200 profit. On the opposite, the odds on Baltimore are -200. This means you need to stake at least $200 to win $100.

How to win at sports betting?

There is no straight forward answer to this question, to be honest. More experienced and patient players have a better shot at beating the bookies. However, do not despair. If you are new to online betting here are a couple of recommendations. First of all, always take advantage of welcome bonuses – both free bets and first deposit bonuses. Even though there are rough wagering requirements behind these, still it’s a free chance to withdraw some nice money. After that, we would recommend learning bankroll management and staking plan.

There are plenty of guides available online on how to master this. Specializing in one sport or even better one popular league also turned out to be a good path towards victory. Knowing all teams, players, news, team morale, derby games, sidelined players, etc, could be of crucial importance in an attempt to net long term profits. Never get emotions to get into your decision making and never chase a bet after losing a bet in an unfortunate way. As mentioned above, only around 10% of bettors can beat the bookmakers. This does not include matched betting methods though, which can hardly be described as a skill.

What is the best sports betting sites in Canada?

The number of online sportsbook providers offering services to Canada players is high nowadays. You can simply access them by having a stable internet connection. Below is our top recommendation, based on personal experience. Keep in mind that all bookies we advertise on this page are well-trusted, which means there is no reason to be worried about making a deposit.

Intertops

The truth is that Intertops is one of the oldest online sportsbook, established in 1983 and brought online thirteen years later. They were not so great at the early stages of online development to be fair. However, the amount of money invested in the recent period was massive. Their service now is flawless, while also developing an amazing mobile application for mobile users. The odds are super competitive in comparison to others in the betting niche. Deposits and withdrawals are supporting all popular cards, e-wallets, wire transfers, and other methods. So far the reputation on withdrawals has been flawless. We really enjoyed theirs on the go feature, as well as live betting offer. How does sports betting work article was made to help our readers.