Your Online Betting Guide 2024

Sports betting has been one of man’s favorite pastimes for centuries now. It all began over 2,000 years ago in Greek when the Olympics was introduced and quickly spread to Rome, where sports betting was legalized. Today, sports betting has hit almost every corner of the world, thanks to the rise of sportsbooks.

With that in mind, it’s common knowledge that losses can be more common than wins in sports betting. And without proper guidance as a beginner, quitting is inevitable. So, this insightful page gives you a sneak peek of what to expect in the vast sports betting world. Read on!

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Betting apps

Just a few years back, sports betting was a time-consuming and expensive affair. That's because bettors had to factor in time and budget to gamble in a physical betting shop. But that's now in the past, thanks to the best betting apps.

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Betting Strategy

The truth is that most sports betting beginners don't give a damn about strategies. While this is forgivable, considering a beginner has a lot to learn, it's a mistake to ignore a betting strategy completely. With the right approach, bettors make sound decisions that lead to frequent wins. Take note, though, that none of these betting systems guarantees instant success. But still, it's worth grasping and using one or two betting systems to tilt the odds. Keep reading to learn!

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How to Bet

Sports betting is easy, enjoyable, and provides a possibility for individuals to make money. Beginners, on the other hand, should not rush into putting bets. As simple as sports betting is, doing everything right at the beginning isn't easy. It's doubtful that players will enjoy sports betting if they approach it incorrectly since they will most likely not be on the right track to make winnings.

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Betting Explained

Betting can be complicated for the inexperienced. Sometimes it can even seem like the world of betting has its own language! Don't worry. On this page, we will explain the ins and outs of betting terms and how betting works overall. Sports has become a big part of people's lives, with some that enjoy playing the game and some that are content with cheering their favorite teams on. There are some, however, that choose to show their passion for a sport or team by betting on them.

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Matched Betting

Sportsbooks and online betting sites offer matched betting, which is a strategy that helps individual bettors make a profit from incentives that bookies provide. A bettor may deposit in a bookie account, which the bookie matches to allow for risk-free betting. An account holder may also wager with two or more betting establishments and accept a free bet from one.

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Arbitrage Betting

Arbitrage betting involves a gambler placing a wager on one bet for a specific outcome with a bookie and simultaneously placing a wager on the opposite result elsewhere. These sure bets guarantee that the bettor makes a profit regardless of the outcome. In the proper conditions, arbitrage mathematically covers all betting outcomes of a specific match or competition. Those bettors who frequently place arbitrage wagers are labeled arbers. To profit, arbers wager significant amounts of money.

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Betting Lines

The betting line is the point that separates the favored team from the underdog in sports competitions. Bookies obtain odds on sports matches from a complex math model or computer algorithm. Based upon statistics, oddsmakers determine the probable victory margin between two teams, which is based on the strength of previous performances.

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Live Betting

A short time ago, bettors had no option, but to place a bet and keep track of the score until the game was over in order to learn whether the bet won or not. However, traditional sports betting now feels completely out of date for many players.

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Betting Picks

How to Deal With Bad Runs in Betting
2023-11-20

How to Deal With Bad Runs in Betting

Anyone with sports betting experience understands that bad runs are the order of the day. Ideally, a bad run is a term used in betting circles to define a series of losses that makes a bettor lose a sizeable amount. Even pro-bettors encounter periods when everything seems to defy their expectations. However, the ability to rise above bad runs is what sets the best bettors from the rest.

Sports Betting Guide - Making Informed Picks
2023-11-20

Sports Betting Guide - Making Informed Picks

Sports betting is simple and fun, but it takes more to win. It does not come as a surprise when you find some gamblers struggling to win. Sports betting is, by its very nature, a risk-ridden venture. However, if done prudently, it can be a fun and rewarding addition to enjoying sporting activities.

The Ultimate Boxing Sports Betting Guide
2023-11-17

The Ultimate Boxing Sports Betting Guide

Boxing betting has always had a devoted fan base. In recent years, more and more fight fans have started actively seeking out betting opportunities on significant events. The good news is that it's now simpler than ever to bet on boxing. If you're interested in sports betting, it's important to know the various boxing markets, typical odds formats, and helpful betting hints before placing any wagers. You should also learn how to pick reliable online bookmakers. This comprehensive guide to online boxing betting covers all the bases.

The Ultimate Guide To Managing Your Bankroll For Sports Betting
2023-05-17

The Ultimate Guide To Managing Your Bankroll For Sports Betting

To achieve long-term financial success as a sports bettor, you need more than just a knack for picking winners; you also need a solid understanding of managing your money while betting on sports.

10 Common Sports Betting Mistakes To Avoid

10 Common Sports Betting Mistakes To Avoid

The attraction of sports betting is undeniable. The thrill of the game, the possibility of a big win, and the rise of sports betting apps have made it easier for anyone over 18 to join the action. While there's no guaranteed formula for success, seasoned bettors swear by certain sports betting tips. But just as there are tricks to increase your chances of winning, there are also pitfalls that can easily ruin your quest for sports betting success.

How to Manage Your Sports Betting Bankroll

How to Manage Your Sports Betting Bankroll

When it comes to sports betting, one of the most crucial aspects that often gets overlooked is bankroll management. Properly managing your betting bankroll is essential for long-term success in this highly unpredictable field. In this ultimate betting guide, we will explore the importance of bankroll management, learn what a bankroll is, and discover tips and strategies to effectively manage your sports betting bankroll.

How to Win Big on Football Accumulator Bets

How to Win Big on Football Accumulator Bets

If you've ever found yourself browsing through sports betting platforms, you may have come across a term that's a favorite among many bettors: accumulator bets. Specifically, in the realm of soccer or what's more widely known as football, these wagers are often referred to as football accumulators. In this article, we will delve into what an accumulator bet is, how it works, and provide some football accumulator tips. Our goal is to arm you with the best accumulator tips today so you can make the most informed accumulator predictions possible.

Most Profitable Sport to Bet On

Most Profitable Sport to Bet On

When it comes to sports betting, one of the most commonly asked questions is which sport offers the best profitability. In today's world where sports betting has become a global phenomenon, knowing where the most lucrative opportunities lie is essential for both experienced and novice bettors. With a variety of sports available for betting, each sport offers its unique set of opportunities and challenges. In this blog post, we aim to analyze popular sports and determine which among them is the most profitable option for betting enthusiasts. We will delve into the dynamics of each sport, examining factors such as popularity, betting volume, and odds variability to help you make informed betting decisions.

Online Betting FAQ

Online Betting FAQ

Welcome to our FAQ page where we answer all your questions about online betting. Whether you’re just starting out or have been betting for a while, we’re here to help. BettingRanker is your trusted guide, bringing you a list of the best betting sites with detailed reviews to make your choice easier. Our goal is to provide you with all the information you need so you can pick a platform that stands out. Here, you’ll find answers on everything from understanding betting odds, managing your money, to keeping your personal information safe. Explore the world of online betting with BettingRanker and find the top betting sites that suit you best. Let’s get started!

The Psychology Behind Betting: A Deep Dive into the Gambler's Mind

The Psychology Behind Betting: A Deep Dive into the Gambler's Mind

Sports betting is a way people try to guess the results of sports games, like who will win a football game or how many points a basketball team might score. When they guess right, they can make money. Recently, more places are allowing sports betting, and with the help of online websites, more people are getting involved. This has led to a big increase in the amount of money people are betting on sports.

Top 8 Tips to Increase Your Odds of Winning Basketball Bets

Top 8 Tips to Increase Your Odds of Winning Basketball Bets

Are you an avid basketball fan looking to take your passion for the sport to the next level? If so, you've come to the right place. In this article, we'll share the top 8 tips to increase your odds of winning basketball bets. Whether you're a beginner or an experienced bettor, these strategies will help you maximize your chances of success.

Mikael Virtanen
Topic ExpertMikael VirtanenExpert
Localised byTendai MoyoLocaliser
Explore our top betting guides

Explore our top betting guides

Fortunately, the experts here at BettingRanker are dedicated to arming bettors with all vital information to be successful. Here are some top guides to read:

  • How-to – In the world of sports betting, some things may look simple but challenging to master. But with insightful how-to content, getting the hang of sports betting is quick and easy. The guides here teach bettors how to make a bet, choose the right markets, how betting odds are calculated, and solve most sports betting problems.
  • Strategy – When it’s about selecting the perfect sports betting system, opinions differ. In any case, the guides here present the best winning strategies for boosting profits in no time. The betting strategies apply to popular markets like football, golf, and baseball.
  • Explanations – Understandably, starting a new betting journey can be overwhelming. Fortunately, these top betting guides will hold your hand through the process. You’ll clearly understand the types of bets, mechanics of sports betting, responsible gambling tips, esports betting, and more.
  • Odds – It’s foolhardy to think about placing wagers on sporting events without getting a good grip on the betting odds. So, keep it here to learn the primary types of betting odds and how they pay.
Explore our top betting guides
Betting glossary

Betting glossary

Like in any other gambling world, sports betting is full of confusing terms. In fact, don’t place that bet without learning some of these terms. So, below is a table with all traditional sports betting terms to understand:

  • Action - A wager or bet.
  • AET - Added Extra Time or simply extra time
  • Against the spread - The game result, which includes the point spread
  • American Odds - Betting odds based on a 100-unit. They are alternatives to decimal or fraction odds and feature a plus (-) and minus (+) to show the favorites and underdogs, respectively.
  • Bankroll - The total amount of funds for gambling purposes
  • Bonus - Incentives or rewards offered by sportsbooks to both new and loyal players
  • Bookie - Short form of a bookmaker, oddsmaker, or linemaker. Bookies set the market odds at a sportsbook
  • Chalk - A team or player that is the hot favorite for the event
  • Closing Line - Where the point spread is at the start of the game
  • Correct Score - Wagers for correctly predicting the final score of the game
  • Decimal Odds - Sometimes called European odds, these are odd types mainly in the European markets. They are represented by decimals
  • Dime - It refers to bets worth $1,000, $100, or $10
  • Dog - Short form of the underdog or team less likely to win
  • Double Chance - Having two options to win the wager. For instance, betting on a loss or draw in a single match
  • Edge - The bettor’s advantage over the sportsbook and vice versa
  • Even Money - A $100 wager to win $100
  • Fixed Odds - Odds that don’t change after placing a wager
  • Fractional Odds - Odds listed in fraction form. For example, 1/3 instead of -300 in American odds
  • Handle - Total amount stake on a game
  • Handicapping/Handicapper - A bettor who analyzes a bet before placing a bet
  • In-play bets - Another name for Live Bets
  • Juice - The bookmaker’s commission from winning bets
  • Lock - The hot favorite to win the game
  • Longshot - Favoring the underdog in a bet
  • Moneyline - An outright win or loss with no point spreads
  • No Action - A game which doesn’t take bets anymore
  • Odds on Favorite - A team or play that will likely win
  • Oddsmaker - Another name for bookmaker or linemaker
  • Over/Under Wagering - The combined score by both teams or players to be more than or less than what the bookmaker set
  • Player Props - Wagering on individual player action during the game. Like, the first player to score or get a yellow card
  • Point Spread - The figure the linemaker decides to represent the difference between the losing and winning teams
  • Sharp - A wise professional sports bettor
  • Steam - An abrupt line change due to a lot of wagering
  • TKO - Technical Knockout
  • Totals - A combined number of points a punter chooses to be scored by players or teams
  • Wire-to-Wire - Betting that a team will lead on each quarter or half of the game
  • Underdog - A team or player with long odds or less likely to win
  • Wager - A bet placed at a sportsbook
Betting glossary
About the author
Mikael Virtanen
Mikael Virtanen

Mikael "Mikko" Virtanen, celebrated as the "Finnish Fortune Forecaster" at BettingRanker, seamlessly blends mathematical prowess with a deep understanding of betting psychology, earning him respect across Europe.

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