Betting sites can be daunting at first with a lot of numbers and terms flying around that you may not understand, so we’ve put together a simple five-step guide for you to follow to get your first bet on.
Step 1: Register With a Website
The first thing you need to do is select which website you’d like to bet with and register. We’ve put together a short list of our favourite websites with a brief review of each. Click here to see our list. Each website has a slightly different process but they’re usually very similar and ask for general information like your name, your email address and your country of residence. The most important thing about the signing up process is remembering to get your welcome bonus offer. Nearly all websites offer a welcome bonus and it’s your chance to earn some free bets or even just some extra money to bet with.
Step 2: Depositing
Often after you’ve registered, you’ll be asked to deposit some money to begin betting with. Most websites accept a large range of payment options including debit cards and bank transfers but there are some other options out there for you to explore. Companies like Neteller, Skrill and Paypal all provide alternative options for transferring money. We’ve put together some short reviews of some of these options which you can see here.
As long as you deposit more than the minimum amount (usually around $5 or $10) you can deposit as much or as little as you like. A good rule of thumb here is to never deposit more money than you’re willing to lose, as you aren’t guaranteed to win every time. Once again, make sure you take advantage of any sign up offer available to you, as many sites will reward you more for depositing more money.
Step 3: Choosing Your Selection And Stake
Now you are registered and have some money in your account, you are ready to place your first bet. Most websites have easy to navigate menus so if you already know what you want to bet on, then you should have no trouble finding it. If you click on football then you will be taken to a page of just football leagues and matches, as well as some in-play matches that are happening right now. Simply find the game you’d like to place a bet on and click on the selection you’d like to win. There are many different markets to choose from, but for most sports the most popular market is a simple win, draw or loss market. This is often abbreviated to 1X2, with 1 representing the home team, X representing the draw and 2 representing the away team. You can choose one single selection, or stack multiple selections into a double, a treble or an accumulator which can be any number of selections.
Often the most confusing part of betting is working out what your odds or price represent and knowing how much you will get back if you win. This is such a big part of the process and can be so confusing that we created our own separate guide to odds which is worth a read and has some handy conversions between different types of odds.
Once you have made your selection, you can choose your stake which is the time to put your money where your mouth is. When entering your stake, you will be able to see what your returns will be if you win the bet, which can help you to make your decision about whether you want to place that bet. Then all you have to do is click the button below to place the bet and you’re done!
Step 4: Enjoy The Event
Now you can sit back and enjoy the event you’ve bet on with a bit more interest now that you’ve bet some money on the result. Most betting sites will provide live updates on scores, and some have displays showing you second by second updates on what is going on in the match. There is no feeling quite like the one you get when a team you’ve bet on scores a goal or a F1 pilot you’ve got some money on takes the lead of a race. At the end of the day, gambling is about entertainment while watching sport or playing games, and if you’re good at it you can walk away with some extra money afterwards!
Step 5: Collect Your Winnings
If your chosen selection wins, your account will be credited the winnings automatically and you don’t need to do anything!
If you bet on smaller events or markets, your winnings may take longer to arrive than normal, but this is nothing to worry about. A good thing to do is check the result yourself and also check on your bet history. This can be found through your profile and it’s good to keep track of this. If you believe you should have been paid out on a bet but your bet history said you lost the bet, then get in touch with the website’s customer support team. Most sites have 24 hour support and are more than happy to help you out.
You can either choose to use your winnings for more bets, or withdraw your winnings back to your bank account, or whichever payment provider you choose.
And that’s it! You’ve successfully placed your first bet!
Now you know how to place a basic bet, you can go on to explore more sports and more markets and find your own style of betting. You may even find yourself falling in love with a sport you’ve never watched before! There are plenty of good sources of information and statistics out there for serious bettors, google is your best friend for find these!
The most important thing to remember is that first and foremost, gambling is for entertainment and should never be treated as a sustainable source of income. Millions of people gamble every week but it’s important to gamble responsibly. Good luck!