Betting FAQ

Various online sportsbooks have started accepting deposits through Bitcoin now, and you will need to know how to utilise this properly to make such a transaction. Essentially, your Bitcoin should be stored in a safe wallet, which has its own address. The sportsbook also has one of these wallets, where all players using Bitcoin will deposit their money. The address of that wallet is what you require to make a Bitcoin deposit.

Simply visit the cashier page, select Bitcoin as your preferred payment method and insert how much you’d like to transfer. The wallet address will then be displayed, and you need to enter this address into your Bitcoin wallet. Send the funds across and the transactions will be an instant one.

Before you can truly understand if the odds you’re getting are good or not you need to understand how bookmakers set their odds. Bookmakers calculate the probability of each outcome occurring and then subtract the betting margin. Bookmakers start off by setting their margin (let's say 3%) and they then set the odds for the various outcomes incorporating this commission. If the real probability is 1/2 (1.5 in decimal, 48.5 in American) then the bookie will subtract their 3% margin and the real odds given will be 29/20 (1.45, 190).

Bookmakers will have different estimations and will set different values. On average, using odds comparison and placing bets at the bookmaker that offers odds with the highest implied probability will help you net more money. By comparing betting odds from various bookmakers, punters increase their winnings by approximately 12-20%. Sports odds comparison service at Betting Kick lets you compare betting odds & betting lines from 30+ major bookmakers.

Wagering requirements are frequently attached to bonus offers, and you will need to know about these prior to claiming a reward. Essentially, they dictate how much playthrough you need to complete before you can request a withdrawal from your account. So, let’s say that you have received a 100% bonus on your first deposit. You’ve transferred €50 into your account and the additional €50 bonus has also been added.

The sportsbook will then attach a wagering requirement to this, so let’s use an example of 20x. This can either be attached solely to the bonus funds or to both the bonus and deposit. In the case of the former, you’d need to place bets equating to €50 x 20 = €1,000. Where the latter is concerned, you’d need to place bets equating to €50 + €50 x 20 = €2,000. These do not need to be winning bets in specific. You simply need to ensure that you have placed a number of bets equating to that amount prior to being able to request a withdrawal.

The margin of a sportsbook, which is also known as its vigorish (or vig), is the fee that is charged by the bookmaker for accepting a player’s wager. This can also go by the name of overround. Bookies will always try to put the odds in their own favour with the margin, and it is through this that they make their profit. Essentially, it works as a commission on the lay bets that you place.

The margin is there to ensure that some sort of profit comes towards the sportsbook. Otherwise, bettors would simply place bets and would receive pay-outs from the losses of other players. The sportsbook doesn’t benefit in this way, so with a margin in place, it at least gets a share of the money.

Gambling should always be a fun pastime to engage in, and you should never bet more money than you can afford to lose. Furthermore, don’t be tempted into gambling by promotions that promise you huge bonuses and rewards. We also stress that you make plans for the matches you want to bet on before visiting your chosen sportsbook(s) and stick to those specific bets.

However, if you do feel that your gambling is becoming a problem, there are various routes that you can take to obtain help and support through this. Organisations like GamStop, GambleAware and GamCare all provide the best support for players who feel like they’re having problems with gambling or who feel at risk.

Sure Betting (which can also go by the name of Arbitrage Betting or Arbing) is a method of sports betting that can be used to make a guaranteed profit by using the price differences between bookies’ odds. It’s a low risk betting strategy, and this is what makes it popular with players.

Essentially, bettors using Sure Betting will look for a difference in odds between bookmakers for a certain event. The larger the variation in price between sportsbooks, the more money a player stands to make from it. By placing bets on all outcomes of the event, you’re certain to make a profit in the end. Naturally, it requires you to possess multiple bookmaker accounts and the ability to swiftly compare and contrast odds.

While it’s true that you may simply believe fractional and decimal odds are simply different because one is favoured across the sea and the other isn’t, there’s more to it than that. Fractional odds provide you with the ratio of the amount of profit won to the stake you place. Meanwhile, decimal odds show you the amount that you win for every €1 that you wager.

So, if you see a decimal odd displayed as 11.00, then every €1 you place on that will provide you with €11 back if it’s a winning bet. Where fractional odds are concerned, if you see something listed with 6/1 odds, this means that you would basically win €6 for every €1 that you wager if it’s a successful bet.

Before you can truly understand if the odds you’re getting are good or not you need to understand how bookmakers set their odds. Bookmakers calculate the probability of each outcome occurring and then subtract the betting margin. Bookmakers start off by setting their margin (let's say 3%) and they then set the odds for the various outcomes incorporating this commission. If the real probability is 1/2 (1.5 in decimal, 48.5 in American) then the bookie will subtract their 3% margin and the real odds given will be 29/20 (1.45, 190).

Various online sportsbooks have started accepting deposits through Bitcoin now, and you will need to know how to utilise this properly to make such a transaction. Essentially, your Bitcoin should be stored in a safe wallet, which has its own address. The sportsbook also has one of these wallets, where all players using Bitcoin will deposit their money. The address of that wallet is what you require to make a Bitcoin deposit.

Simply visit the cashier page, select Bitcoin as your preferred payment method and insert how much you’d like to transfer. The wallet address will then be displayed, and you need to enter this address into your Bitcoin wallet. Send the funds across and the transactions will be an instant one.