Sports betting is great fun, but betting responsibly is essential. We promote recreational, responsible betting and gaming, where you can earn money by predicting outcomes of your favourite sports or playing a huge array of online casino games using the latest software. How to bet on sports for beginners.
Firstly, you must be over 18 to place bets for real money online or to open an account with an online bookmaker or casino. If you believe you have a problem with sports betting or gaming, or if you are under 18, we ask that you leave this section of our site. Sports betting.
You’ll find plenty of interesting stuff in other parts of our site to keep you interested. Why not take part in one of our free to enter competitions and giveaways, where you can bag yourself loads of great prizes with little or no risk to your wallet. How to win at sports betting.
Secondly, whether you are an experienced punter or a newcomer, only bet with funds you can afford to lose, don’t take risks with money you will miss if it goes wrong.
Betting on horses – How to bet on horses and win – Sports bookmakers
FirstforNews.com is a great fan and expert on the sport of kings, we bring you in depth insight, commentary and tips, covering the major race meetings. How to bet on horses.
Singles or each way are the most popular bets in horse racing. It’s a single to win, which means you are placing a single bet on the desired horse to win.
An each-way comprises of a win bet and a place. If your horse(s) win you are paid, but you are also paid if your horse comes 2nd or 3rd and in the bigger races like the Grand National, sometimes even 4th, 5th 6th and 7th in a race.
You are paid on the place terms of the bookmaker where you placed the bet so it’s always advisable to check the terms before placing bets.
With an each way bet half of your stake is placed on the win and the other is on the place finish, usually 2nd or 3rd place.
Understanding the returns you can make if your horse wins requires a few simple calculations. The easy way is to use one of the bet calculators available in many of the popular online bookmaker’s websites.
Sports betting on horses is great fun, you may want to place your bet well in advance of the race to secure the best price odds as runners with the best form are often shortened in the run up to the event.
We encourage our readers to study the form of the horses you are considering betting on to gauge their performance in similar races, distances and ground.
We make it easy for you by applying years of betting industry experience to bring you the low down on the runners, giving you the prices and predictions to increase your chances of success.
Betting on other sports – Sports betting
When the oddsmakers release a betting line on any sporting event or horse, the first thing they do is establish the chance of the winner (the favourite to win) and the loser (the underdog). The next is to establish the chances of everything in between. To be successful and sports betting, you need to be able to do the same.
The easiest way of doing this is to follow the “form”, how the team, individual or horse has performed previously and to learn how bookmakers price the favourite and all those in between. Sports betting.
You can often become well informed by studying the odds on the run up to the race or event and learning to understand the significant movements (shortening of odds), meaning that the bookmaker is more confident that horse, team or individual is going to win. The shortest odds (the lowest price) indicates the highest probability of a win, whereas the highest odds indicates the lowest probability.
Understanding Odds and how sports bookmakers set their prices – How to bet on sports
Odds for different outcomes in single bet are presented either in European format (decimal odds), UK format (fractional odds), or American format (moneyline odds). Sports bookmakers.
European format (decimal odds) are used in continental Europe, Canada, and Australia. They are the ratio of the full payout to the stake, in a decimal format. Decimal odds of 2.00 are an even bet. UK format (fractional odds) are used by British bookmakers. They are the ratio of the amount won to the stake – the solidus “/” is pronounced “to” for example 7/1 “seven to one”.
Fractional odds of 1/1 are an even bet. US format odds are the amount won on a 100 stake when positive and the stake needed to win 100 when negative. US odds of 100 are an even bet.
|Decimal||Fractional||US||Hong Kong||Indo||Malay||Implied probability|
|1.50||1/2||−200||0.50||−2.00||0.50||1 in 1.5 = 67%|
|2.00||Evs (1/1)||+100||1.00||1.00||1.00||1 in 2 = 50%|
|2.50||6/4||+150||1.50||1.50||−0.67||1 in 2.5 = 40%|
|Decimal||Fractional||x-1, then convert to fraction|
|Decimal||US||100*(x-1) if x>2; -100/(x-1) if x<2|
|Fractional||Decimal||divide fraction, then x+1|
|Fractional||US||divide fraction, then 100*x if x>=1; -100/x if x<1|
|US||Decimal||(x/100)+1 if x>0; (−100/x)+1 if x<0|
|US||Fractional||x/100, if x>0; -100/x, if x<0|
|Hong Kong||Indo||x if x>=1; (1/x)*-1 if x<1|
|Hong Kong||Malay||x if x<=1; (1/x)*-1 if x>1|
In Asian betting markets, other frequently used formats for expressing odds include Hong Kong, Malaysian, and Indonesian-style odds formats. How to bet on sports.
Odds are also quite often expressed in terms of implied probability, which corresponds to the probability with which the event in question would need to occur for the bet to be a break-even proposition (on the average).
Most bookmakers offer automated conversion between odds formats at the touch of a button, so, making it easy, you simply find the feature and click your desired odds format. How to bet on sports.