How does sports betting actually work?

    With sports betting becoming more and more popular and the World Cup starting in Russia in a few days, some people who haven’t had anything to do with sports betting are wondering how it actually works.

    How does a sports bet work?

    There are several ways to place a sports bet on a soccer match. For example, a direct bet. In any game in soccer, you have the opportunity to bet on the home team. If you want to bet on a draw, you have to press 0 on the betting machine for the respective match. For the away team is the 2 there. You can also opt for a so-called “double chance”. Here you have three options. You can opt for a home win or draw, an away win and a draw or for one of the two teams to win. With the double chance, of course, the betting odds are much smaller. For example, if the home team has a betting odds of 2.30, this is only about 1.15 with double chance, as the probability is much higher.

    Which type of sports bet is the most popular?

    While the direct bet and the double chance are popular and often played, the “over-goal bet” is also very popular. This one is about whether a certain number of goals will be scored in a match. It doesn’t matter if it was a penalty or an own goal. It is only important that at 2.5+, for example, 3 goals are scored. A minus behind the number means that no three may be scored. If three are scored, the game is considered lost. In a combination bet, the entire bet would be lost in this case. That is why people also like to play system. Here you can choose whether one or more games may be lost. If all of them are lost, the system bet is also lost. Of course, the winnings will also be smaller if you play system. Also very important for an “over-goal tip” is that in all games only the goals that fall in the 90 minutes are counted towards the tip. This also includes the injury time of the 1st and 2nd half, but not extra time in a cup game, for example. This also applies to the direct bet. This is also valid until the end of regular playing time including injury time.

    How is a win calculated?

    How is a win calculated?

    The possible profit is determined by the stake that you bet and the respective betting odds. Example: odds are 1.85, 1.90, 1.95 and 2. With a stake of 5 euros, this would be 1.85 × 1.90 × 1.95 × 2 × 5= 66.69 euros profit. The higher the odds or the stake, the higher the possible profit.

    What are the chances of winning?

    The chances of winning at sports betting are higher than at the lottery, for example. However, you also have to be lucky in sports betting and, if necessary, bring some knowledge. Since not only the German Bundesliga, but also, among others, the English Premier League, the Spanish La Liga or the French Ligue 1 can be found in the betting offer, you should already have some knowledge about the leagues in order not to gamble away all your money right away.

    How high are the winnings?

    How high a profit is or should be, each player decides for himself. However, the betting providers also have limits that cannot be exceeded. So betting slips are not accepted, whose profit is over 250000 euros. This is to prevent manipulations. It has already happened a few times that very high amounts were bet on certain games. If a betting provider registers this, the corresponding game is removed from the program.

    Can one also play online sports betting?

    play online sports betting

    Yes, you can also play online sports betting. Each betting provider has its own page on the Internet and also an app where you can register. It works exactly the same as in the betting office or at any other acceptance point. Deposit money (you have several options available), tip game or games and track the betting slip. This usually goes directly on the website and also on the app. If one has won, one can have the money paid out if the profit is high enough. The minimum is 10 to 25 euros, depending on the provider. A payout is made to the account specified by the user in the settings. However, it takes a few days until it is booked on the account. In the betting office, you usually get the winnings paid out immediately, since the amount is also decisive here. Sums up to 10000 euros can usually be paid out on the spot. Higher sums must be transferred.

    Conclusion on sports betting

    You go to a betting shop or another acceptance point for sports betting, bet on a game directly, on over-goals or choose another offered sports bet, hand in the betting slip and follow on the Internet, an app or on TV whether the games go as you have tipped them. If you win, you can collect your winnings on the same day, depending on the provider.

    What are the differences between the betting providers?

    There are betting providers where you can collect your winnings directly after the event has taken place. This is the case in betting shops. In these, there is usually a betting terminal on which you can place a bet shortly before the game or even during the ongoing game. This is then also recorded directly by the terminal. So it can happen that you win a tip after a short time and get the profit paid out directly.

    At Oddset, for example, bets can only be placed until shortly before the start of the match. To follow them live, you have to go online or use a soccer app. If you have won a betting slip, you have to wait about an hour until the results are registered with Oddset.

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