Sports Betting Guide – Important Information
Betting is a gambling activity in which a person place money on a bet, also called a wager, in which he has to correctly predict or forecast the outcome of a sporting or cultural event in order to win money. We present you with the full sports betting guide in this article!
Sports betting has become one of the fastest-growing industries across the world, offering immense potential for both bettors and sportsbooks. In most cases, people make bets with the bookmakers, either with the use of the telephone, betting shops, or online bookmaker websites.
The amount of money won on the particular bet one can calculate by multiplying the amount of money we have placed on the water, known as the stake, with the odds offered by the bookmaker.
So If you think you are a lover of sports and gambling, sports betting is an avenue to combine the two passions and make cool money out of it.
Table of content:
- Sports Betting Guide
- How to Pick Your Bet?
- Betting Strategies and Choosing the right one
- Bonuses and How to Use them
- The meaning of Odds, why they change?
- Types of Bets
- Sports Betting FAQ
How to Pick Your Bet?
One of the most important things in sports betting is the odds that bookmarkers offer. It’s because the bookmaker offers the odds before the event. As it was already mentioned, your winnings are based on the odds and the stake you place on a particular bet.
One of the best ways of winning big money is finding a Value bet. It’s a bet for the outcome of an event with the best possible odds, though the odds change rapidly. If you take your time to study the term and conditions, you’ll find everything there. So it’s advisable to make your selection earlier enough.
Usually, the odds for the favorite of the event are lower because the bookmakers balance their odds based on the number of bets and money placed on both sides. That way, you can win more money betting on the underdog.
Sports Betting Strategies and Choosing the right one
The easiest method to lose cash as a bettor is to have no strategy in betting on matches. Something that differentiates the most successful punters from ineffective bettors is the wagering techniques utilized.
Successful punters know that not one size fit all games. Therefore, one must tailor a betting strategy to the current game.
Becoming a successful punter takes time and dedication to master wagering methodologies and the ways to appropriately apply them. You’ll develop a model that makes wagering straightforward by having a formula that qualifies a match, and odds of you winning.
Here are some tips that can help you develop an effective betting strategy
- Research and persistently read about all wagering systems. This will form the foundation of your system
- Be perceptive on the wagering market and the type of games you need to wager on. Be on the look out for patterns that are supported by facts and hard data.
- Identify variables that are not easily predictable but can influence the outcome of a game, such as stadium size, season of the match, player’s personal life.
- After settling on a strategy, the next step is to test and tweak your theory/ strategy with very small stakes and monitor how well you do relative to your system. With every result, examine If there’s a way you can adjust your strategy to include variables you overlooked or variables that do not affect the outcome.
Bonuses and How to Use them
Nearly every sport betting sites offers bonuses upon creating a new account, new deposit or matched bets etc. The reasoning behind it, is to reward new players into the platform and also give them an added incentive to make a deposit and start betting.
The most common welcome offer is the Sign-up Bonus that adds a specific percentage of bonus money to your first deposit that can vary from 50% to 200% depending on the sportsbook.
Bonuses can come in various forms: deposit bonus, welcome bonus, Birthday bonus, sign up bonus, etc. You can use them to stake any game of your choice. But it’s very important to read the bonus terms and conditions before accepting any offers because each betting site has its own rules or wagering requirements.
Simple steps to Use Your Bonus Bets:
- Add your desired bet to the Bet Slip.
- Click-on Bonus Offers directly in the Bet Slip.
- Click on the respective “Bonus Bet” offer.
- Click-on “Place Bet”.
Live Betting in The First Half As A Sports Betting Winning Strategy
The meaning of Odds, why they change?
Bookmakers use betting odds to determine the likelihood of a given outcome in a sporting event. The odds quoted determine the probability of a particular outcome occurring in any sporting event. Betting odds also allow punters (the person making the bet) to determine the expected return on their stake should the predicted outcome become a reality.
Betting odds, just like probability are the likelihood of a given event to happen. Events with larger odd values are less likely to happen. Unlike mathematics, one cannot calculate odds for sports matches scientifically.
Even when odds have been set pre-match kickoff, the variables often change. Players suffer injuries, teams become restructured, and other events outside anyone’s control can influence the outcome of the game.
Due to these fluctuations, odds move based on the relative tilt of the game to either side’s favor. Once you place a bet pre-kickoff, it’s fixed and will pay the stated payout regardless of in-game fluctuations.
For in game betting however, you have to check the box to ‘Accept all odds movement‘. This allows you to accept that price changes may occur between bet slip creation and bet placement. In that case you’ll always get your bet on the particular odd when payment is confirmed.
How to Exploit Low Odds Combination in Sports Betting
Types of Bets – Sports Betting Guide
1X2 Bets
1X2 Bets is mostly popular in football and involves betting on the result in a match with three possible outcomes, which are home winning, away win, and draw.
The 1X2 bet, which is also famous as full time betting or three-way betting, is a popular bet in soccer and is also found in other sports where a draw is a possible outcome.
The 1X2 stands for the three outcomes possible in a game. The 1 is for a home win, the X for a draw and the 2 for an away win. The 1X2 markets do not provide any form of handicap, but instead the odds shown indicate the chances of each outcome occurring.
Here is an example of a 1X2 bet on a Champions League match
(1) Barcelona 1.36
(X) Draw 4.75
(2) Man City 8.55
As you can see in this sports betting guide, a 1X2 bet is exactly the same as a typical money line wager with 3 possible outcomes. In this example, Barcelona is the home team and Manchester City is the away team. We have represented them by the 2 and a drawn match is X.
Looking at the odds, you’ll notice that a big favorite to win the game is Barcelona at 1.36. Manchester City is the underdog, with odds of 8.55, and the draw is priced at 4.75.
This means that using a N1000 stake, that a bet on Barcelona to win will pay N1360 if they are victorious. Manchester city to win is a possible return of N8550, whilst a draw would pay N 4750.
Football is the obvious and most popular sport that offers the 1×2 betting market but it’s not the only one. Many bookmarkers will offer this market in any game with the possibility of a home win, away win, or draw. Sports such as cricket, rugby, and even hockey are available to punters using 1×2 betting.
Favorite Combination Bets As A Sports Betting Strategy
Asian Handicap Bets – Sports Betting Guide
Asian Handicap Bets is a specific sports betting option in which teams are handicapped according to their form, so that a stronger team must win by more goals for a punter betting on them.
“To handicap” simply means to give a team a virtual lead over the other team by a factor of one goal, 0.25 or even 0.75 goals. As in football, a team cannot score half a goal, hence, there is no possibility of a draw outcome.
Asian handicap bets are a more interesting alternative to the 1×2 betting system with each team having an equal chance of winning due to the handicap.
For Example, In a standard Odds market there are three options available for this Soccer match:
- Manchester United to win
- West Ham United to win
- Draw
Football Betting Scoop: How To Play Secure Tips In A Single Bet
When you bet on an Asian Handicap market, the draw is taken out of the equation. In that way you have two options from which to choose. Manchester United may be the preferred team to beat West Ham United in the Premier League.
But if you believe Manchester united will beat West Ham United with a 3 goal margin, you could bet on Manchester United to win a handicap of -2.5 or West ham to lose handicap at +3.5 or more.
In this example of sports betting guide, you lose the bet if West Ham United win, it’s a draw, or Manchester win by only 1 or 2 goals. Half goals is encouraged with Asian handicap bets because it eliminates the chances of a draw – if you bet on ‘Manchester United -3’ and they win 3-0 or 4-1, your bet gets refunded.
When one team is unequivocally a strong favorite, odds on that team are usually unattractively low but higher compared to the 1×2 bet.
Football Betting Scoop: How To Play Secure Tips In A Single Bet
Double Chance Bets – Sports Betting Guide
Double Chance Bets: A Double chance bet is commonly used in football or any sport where there is three possible outcomes (1×2). It allows a punter to pick any two of the three possible outcomes in a football match on a single bet.
Example: Home team and draw. Your bet is a winner if the home team wins or draws the match. Away team and draw – Your bet is a winner if the away team wins or draws the match.
In addition, A team can win (1), lose (2) or draw (X) against its opponent. So, if you have the feeling that the underdog (Away-Team) is able to draw with the favorite or even beat them, you could place your bet on a Draw (X) or an Away-Team-Win (2). Let’s say Chelsea is up against Aston Villa in the Premier League.
At the book-makers, the “Blues” are a runaway favorite, but you think that Aston Villa could get at least one point out of the game? In this case you could place an X2-bet to increase your chances of winning.
Draw No Bet
It is basically a Draw No Bet market which provides the chance to bet on a team to win a football match knowing you will get your stake money back if it ends in a draw. Draw No Bet removes the option of a draw from a bet and allows bettors to bet on either a home or away win.
If your selection is successful your bet will win, If the contest ends in a draw, your stake will be returned meaning you neither win or lose. Your bet will lose if the team you backed are defeated.
Betting on Outsiders as a Sports Betting Strategy
Each-Way Bets
Each-Way Bets is a bet made up of two parts: a WIN bet and a PLACE bet. Two bets of equal amounts are made; the first on a selection (horse) to win and the second on the same selection to place. So A ‘win’ simply mean that the horse finishes the race first.
That is, the first bet is on the horse to win,If the horse wins the race, this bet is won and the second option bet is on the horse to a place which means, If the horse finishes in the top three (position may vary), this bet is won as well. Each-way betting increases your chances of winning.
Let me illustrates with two examples in this sports betting guide.
You back a horse with £5 at odds of 10/1 EW 1/5 1-2-3. And the horse finishes 1st.
With this example above, both bets win. You can calculate the winnings by adding the two bets.
- Bet one on the horse to win £55 return (£50 profit & £ 5 stake)
- Bet two on the horse to place £15 return (£10 profit, & £5 stake. The 10.00 odds become 2/1 when fraction applied.)
- The total winnings are £60, plus the £10 stake is returned
Futures Bets
Futures Bets is a wager that is placed on upcoming events that will take place in the coming weeks or months. Online bookmakers will update these odds based on the results of the current matches and results of the sport. One of the most common types of future bet is often who will win the titles of various sporting leagues.
Future bets are not only for league championships, sports bettors can wager on the amount of games each team will win, division and conference titles, and even which teams may face relegation.
Goal Line Bets
Goal-line betting is wagering against the total number of goals that players score in a game. The bookmarker sets a goal line; a punter is wagering for a game to either produce over the specified goals or under the set goal line.
Given that, statistically, the vast majority of games have three goals or fewer, you’re unlikely to see a goal line bet example on “more/fewer” than anything over 3.5. That doesn’t mean you can’t make a bet on that, Nevertheless, you may need to contact the bookmaker and ask them to quote you specific odds before you can make that bet.
So
An example from the world cup between Brazil and Germany in 2018:
Over 2.5 goals (2.1)
Under 2.5 goals (1.80)
In this example of sports betting guide, the goal line is set at 2.5
You have the option to wager over or under 2.5 goals. If the goal line is a whole number, 3 for example and the match ends 3-0, A wager over 3 goals will be refunded and the best is considered a push.
It is also not uncommon to have goal lines with 2 totals.
For example, a confederation cup Match for 3rd place between Portugal and Mexico in 2017:
Over 2.5, 3 (1.88)
Under 2.5, 3 (1.57)
In this case, an N2000 wager will go half on the 2.5 goal line. The other half is placed on 3 goals being the total.
The match ended 3-0 to Portugal which means you will receive N3760 on your initial N2000. The half bet on over 2.5 won N1,760, while the half on 3 total goals was a push.
Win/Loss vs Value for Sports Betting Beginners
Parlay Bets
This is a type of bet that links together a variety of different wagers in order to increase the odds of the bet. A parlay bet is also called an accumulator or combi-bet. A parlay bet will only pay out if each of the teams come out victorious.
A single loss will mean the entire parlay bet loses. If any of the selections ends with a push the total profit is lowered to what it would have been in case the selection was not part of that ticket.
The maximum bets you can place on a parlay is determined by the limits for the market involved. It can range in size from just two selection up to ten which means it is possible to get some very large profits from them.
It is best for you to use parlay bets with small amounts on your favorite teams to increase the potential payout.
One strategy for parlay gambling is to use it on betting bonuses and promotions, especially if they come in the form of free play credits. Why so? You may ask… Well, if you wager NGN 1000 cash at odds 1.91, you’ll get a return of approximately NGN 910 and your stake,too.
This makes a total of NGN 1,910. However, if you stake a free credit of NGN 1000, you will only win NGN910, i.e. you do not get your stake back. So in this situation, it is much better to place a parlay rather than a point spread bet You will get a bigger payout out of your credit.
You should note that free play bonuses are unavailable forever immediately you use them. It does not matter whether you win or lose. The credit will disappear after use.
If Bets
If bets can be a little confusing for newbies but once you follow the concept, you can use them as an alternative to straight bets. Or when you have a limited amount to wager.
The word “if” means that you must have at least 2 teams on the same ticket. “IF” you win the first bet, you can place an equal amount on the second game.
In a lot of ways, “if” bets are similar to parlays in that. You need to win the first game in order for the other games to have a winning chance.
The difference being that with parlay bets, the amount won in the first game, player can wager on the second. On the other hand, in “if” bets, the wager on the second game is the same amount as the first and not the amount that you have just won.
Compared to straight bets where a punter must place NGN 1000 each on a pair of straight bets, “if” bets allow the punter to place only NGN 1000 on two games.
In “if” bets, the first team listed is key. You can be 1-1 and not lose the entire bet, but only if that team you list first wins. If it doesn’t, what happens in the second game on your list is irrelevant
This is a major drawback with “if” bets. If you have 2 games to wager on, you have to pick which one is better. Its outcome determines the success of other future bets in your list.
Favorite Combination Bets As A Sports Betting Strategy
Prop Bets
Proposition bets are special bets that are not related to the outcome of the game. No one can completely define a prop bet. It’s because a bettor is wagering on a specific player or event that isn’t usually tied to a particular team or game.
It can vary from telling the time a player will score its first goal in a football game to the team that will have the first 3-pointer in a basketball game.
Proposition betting is quite similar to futures bet. The difference is that a prop bet is a wager on an individual player or specific event. However, the majority of prop bets on a sportsbook are usually on an individual player. It is so rather than the entire team playing the game.
What makes prop bets popular in modern sportsbooks is that they entice players to watch games they might not have wanted to watch in the past. Placing a prop bet is a great way to make a casual watching of a game much more enjoyable.
If you are new to sports betting, you can enjoy wagering on sports events going with prop bets. They’re reasonably straight forward and it doesn’t take an expert to win compared to wagering on point spreads and Parlay bets.
The downside to prop bets is the fact that they are highly based on chance. That is, both outcomes are equally as likely to occur. Hence both sides often have the same payout amount. There is a limit on how much a player can place them on a single event. It’s less likely to win big profits with a prop bet.
Multi-Bet System – How To Play Combined Bets With Two-Three Games
Round Robin Bets
A round robin bet is a simple way to bet on multiple parlays at the same time. For example, you want to bet on four teams in a three-way round robin bet. There are several teams to play in a Premier league. Those are: Manchester United -7, West Ham United -10, Tottenham Hotspurs +4, Liverpool Fc +7.
- Here is how a NGN 1000 three-team round-robin bet will look
- Parlay #1
- Manchester United -7
- West Ham United -10
- Tottenham Hotspurs +4
- NGN 1000 bet to win NGN625
- Parlay #2
- Manchester United -7
- West Ham United -10
- Liverpool FC +7
- NGN 1000 to win NGN625
- Parlay #3
- Manchester United -7
- Tottenham Hotspurs +4
- Liverpool FC +7
- NGN 1000 to win NGN625
- Parlay #4
- West Ham United -10
- Tottenham Hotspurs +4
- Liverpool FC +7
- NGN 1000 to win NGN625
In this round-robin bet, you will be wagering NGN4000 to win a potential profit of NGN 2500. This is a bit less than you would win by putting all of the teams on one 4-team parlay bet. But the benefits are that if just one of your team loses, you will still win one of your parlays from the round robin and end up with a profit of NGN 625
Round robins also save bettor time by automatically creating all possible parlay wagers with all your team selections. There are several calculators online and on sportsbooks that allow somewhere between 3-8 teams on a round robin calculator.
The calculator determines the maximum win amount and loss amount for a given round-robin. As well as the results based on whether each underlying game wins, loses, or pushes.
How to play Tie/Tie Combination Bets?
Ten Cent Lines
A 10-cent line is also famous as the dime line. It is the money line difference between what a bettor would lay with the favorite or take back with the underdog. The 10 cents is the commission for the bookmaker or sportsbook.
Teaser Bets
A teaser bet is a type of parlay bet that allows a punter the opportunity to bet on a point spread or game totals. Then, “tease” the line to give a better chance of winning. It’s common in Football and basketball games by more intermediate and advanced bettors.
For everyone, they are best if players use them in games that are hard to predict and you want a safe position on that game.
Teaser bets come at a cost however – much lower odds compared to parlay bets.
Professional Betting Strategy With Single Bets
Scorecast Sports Betting Guide
A scorecast bet occurs when a punter places a bet on two different markets and combines them into a single bet. The combination of bets used are the first scorer and a score forecast for the game in question
And it is the combination of these two bets that coin the term “scorecast” in this sports betting guide.
When you scroll down through the markets for a match, the market at the bottom will generally be “anytime Wincast” and above this is a market with 2-drop downs where you can place a scorecast bet. Simply select the first goal scorer in the first dropdown menu and the scores on the right menu.
A scorecast in which the player doesn’t partake in the game becomes a correct score single bet. Own goals don’t count. If the player goes off without scoring or comes on after the first goal someone scores, the entire bet is likely to become a loss.
Hedging In Sports Betting: What Is It?
Wincast Sports Betting Guide
Wincast bets are very popular in football betting. You can apply them to other sports where there is a player causing a winning team. In a Wincast bet, a punter wagers by predicting the team to win and a player to score at any time during the game.
The odds for a Wincast bet are usually lower than the individual “to-win” odds and the “anytime goal scorer” odds multiplied together.
They can be lucrative for a punter who is confident on a players’ ability to score during a game.
The more goals you can predict that a particular player will score during that game, the more confident you can be about a Wincast bet. It’s because there is a good chance that their team will also win the game.
A tip of this sports betting guide is to look at before placing a Wincast bet is to check a team’s percentage winning when a particular player scores in the game. If Juventus FC wins 90% of the time Ronaldo scores two or more goals then you should place your money on a 13/2 odds Wincast bet than just 4/1 bet on Ronaldo scoring in the game.
Wincast can also be very lucrative if the online sports book is offering a money back special. Wazobet is one of such sports book that often offer money back specials on difficult to hit bets.
How to Bet on Head-to-Head Market in Sport Betting
Winning Margin Sports Betting Guide
In winning margin betting, you can get an exact margin for your team to win by. Here is one example in this sports betting guide: if you bet on Liverpool FC to win by 3 goals lead against Atletico Madrid in the Champions League, Liverpool FC must win by exactly 3 goals (3-0, 4-1, 6-3) or your bet will lose.
Goalscorer Betting Strategy in Football- All You Need To Know
Sports Betting Guide FAQ
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In Nigeria, the legal age for gambling is 18 years.
Bookmakers must operate legally with the Nigeria Gambling commission and are required to ensure that gambling is not associated with or used to support any criminal activity. A “Know your customer” check is now in operation with all online bookies.
Visit the Wazobet website and click on “Register Now” in the top right hand corner. Fill in the registration form and submit it.
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Log in to your account, click the account button on the top right section, click on “change password” and follow the steps.
In case of inaccuracies on your Wazobet account, please contact our customer service to rectify any errors.
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The maximum deposit amount is NGN 10,000.
No, there is no fee when depositing with Wazobet.
International cards cannot be used on the Wazobet website.
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No. A confirmed bet cannot be cancelled for any reason.
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