The world of online sports betting is ever-changing and growing at a rapid pace, the advent of the Internet and online sportsbooks have changed the landscape of sports betting, giving fans from all over the world the opportunity to place their wagers wherever they are.
Very few countries have legalized sports betting outside of regulated, legal sportsbooks, however, that is no longer the case in the vast majority of countries around the world., with this in mind, it’s vital that you understand the basics of online sports betting.
What is Online Sports Betting?
Online sports betting is the act of placing a wager on a sporting event, it has been around for many years and has seen steady growth in recent years, the practice began in the late 1990s, but it wasn’t until 2008 that online sportsbooks proliferated throughout the world.
Today, there are thousands of legal, offshore sportsbooks and hundreds of illegal, offshore ones, along with an increasing number of legal ones on the rise.
There are two primary types of online sports betting:
Sportsbook- this is where bets are placed on sporting events and games that happen in brick-and-mortar casinos or off-shore gaming sites.
Betting Shop- this is where bets are placed on sporting events that happen within a country or region that doesn’t have regulated gambling laws.
Typically, adults 18 or older can place bets at these shops, but some may require proof of age before accepting a bet from someone under 18 years old.
How Does Online Sports Betting Work?
Online 789Bet sports betting is the act of wagering on the outcome of a sporting event or game, when you go to an online sportsbook, you play against other gamblers from around the world, this makes it easier for players from countries that have legalized sports betting to bet with their own currency and enjoy the perks that come with participating in an online sports betting environment.
To place a wager, all you need is a bankroll and an account at an online sportsbook, once you have established your account, simply log into your account and place your bet on whatever event or game you are interested in there are some restrictions if you live in certain countries, once your bet has been placed, it’s up to the books to determine whether it will be accepted or not this process can take anywhere from one minute and 30 seconds up to 24 hours.
If accepted, you will receive a notification via email, and then get ready for action, like traditional brick-and-mortar casinos, most online sportsbooks offer odds on both sides of each sporting event or game they offer.
However, there are some exceptions where lines may only be offered on one side or even no lines at all may be offered for example some football games don’t have odds available because there aren’t enough bets available.
How to Find the Best Sports Betting Sites
The most important thing on your mind is finding the best sports betting site, if you are new to online sports betting, not sure what you should be looking for, or just want to compare different sites, then this section of the guide is for you.
There are three factors that make up an online sportsbook:
- The sign-up process
- How easy it is to deposit and withdraw funds
- The odds offered at each individual site Let’s break down each factor in more detail.