Online Betting Basics

Online betting is the easiest way to bet on sports for nearly all of us. It is very convenient and easy to set up. Unfortunately, there are some shady online sportsbooks (a sportsbook is where you wager on sports), so you’re going to want to do some research to find one you feels comfortable. Here is our tried and tested suggestion.

To bet online you create a new account with the sportsbook. An account is necessary so the sportsbook knows who is making which bet. Once you have your account established, you need to Deposit Funds. Depositing funds can usually be done in many ways, such as bank wire, credit card, neteller, etc. To view a full list of depositing methods from our preferred sportsbook, click here. Depending on the method you choose to deposit your funds, there may be fees or minimum deposits. Check the sportsbook’s FAQ for these numbers.

Now that you have deposited your funds, you’re free to make your bets! Pick anything you’d like to bet on, choose how much to bet, and submit your wager. If you deposited $100 and you bet $50 on a game, $50 will be still left in your account, and $50 will be taken out to be put in your wager. If you win your bet, your $50 wager will be returned to your account with your winnings. Your account balance will now be $100, plus your winnings! If you are to lose your bet, your account will have $50 left in it, and the $50 you wagered is gone. When you’ve received your winnings (could take anywhere from a few mins to hours after the game is over), its your choice to wager some more, or cash out!

Collecting your winnings

If you’re done betting, and you want to take your money from your online account to your pocket (or your bank account), you need to do a withdrawal. Depending on the sportsbook you use, the withdrawal methods and restrictions on them may differ (such as minimum withdrawal amount, fees, etc). Rarely will a sportsbook allow you to withdrawal money for free, however our recommended sportsbook does!

And that’s it! That is the basics to wagering on sports online. Enjoy betting on sports and enjoy your betting experience. Know your limits, play within them. Responsible Gambling.