6 Key Things You Need to Know About Sports Betting

Sports betting is popular in each corner of the planet. From Singapore to America, you can find millions of people placing bets on their smartphones, whether they’re at home or taking a break in the office. Essentially, sports betting has become an integral part of modern-day culture, and it’s all very exciting.

Football player in red jersey shirt and white pants.
Photo by Luis Santoyo on Unsplash

From the outside looking in, sports betting can seem a little complex and difficult. The fractional odds, deposits, pay-outs, and other factors are completely alien to beginners. In reality, though, they’re incredibly simple. Once you start betting regularly, it suddenly all makes sense and becomes a walk in the park.

So, What Do You Need to Know About Sports Betting?

Below is a short and concise list of 6 key things you need to know about sports betting.

No matter which country you reside in, you must be above the legal gambling age to place sports-related bets, whether it’s on the NFL or NBA.

In Singapore, the legal gambling is 21. In America, it varies between 18 and 21, depending on which state you’re in. Sometimes, the legal gambling age is 25 (like in most Portugal casinos).

If you take a look at other countries, you’ll see that the legal gambling age usually falls between 18 and 21, with the odd exception requesting you be a bit older.

Providing you’re above the legal gambling age, you can get started today with some sports betting. Simply take some time to find the right sports betting site for you using a handy comparison site and decide which one suits you best, and then you can get started.

Back in the old days, you would have to use clunky websites to place sports bets. Now, though, you can download different apps from the app stores (Android, iOS) if you want a more modern alternative! This way, you don’t have to worry about logging in and out all the time. Plus, betting apps typically offer better customisation options.

3. Moneyline Bets Are the Most Simple

If you’re a beginner to sports betting, stick to this advice: only place moneyline bets to start with.

Moneyline bets are (quite simply) when you bet on which team you think is going to win.

In America, for example, moneyline bets are based around winning $100. If you bet on a team that’s listed at -200 on the moneyline, then betting $20 would win you $10. Similarly, betting $2 would win you $1 (and so on).

4. It’s Best to Play with a Budget

Always play with a budget when betting. If you stick by this advice for the entirety of your sports betting hobby, you won’t live to regret it! Playing with a budget always ensures that you gamble responsibly and don’t get carried away with the action.

5. Bonuses Are Your Best Friend

Bonuses offered by sports betting websites and apps are your best friend – make no doubt about it. Typically, bonuses can range from matched deposits to free cash simply for logging in. The more valuable a bonus is, the quicker you should move to activate it.

6. Smartphones, Tablets, and Computers Are All Compatible

Lastly, you can use pretty much any device you like for betting on sports. If you prefer a bigger screen, then use either a tablet or computer. If you like to gamble on the move, then smartphones are your best option. The good news is that most sites work on multiple types of device.