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Online Betting Guide

Looking for some insider tips on where to place your bets online? Look no further than Valuepunter.com. Whether you're a newbie to the betting scene or a seasoned pro, we've got you covered. Got a big game coming up and not sure where to put your money?

Our guides are written by folks who live and breathe sports betting, so you know you're getting the real deal. We break down all the different types of bets and give you the lowdown on which ones are your best bet. So next time you're itching to place a wager, swing by Valuepunter.com and let us help you find the best value in the game!

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History of online sports betting

Betting on sports activities has been around for ages. Going back as early as the 19th century, stories are told of people who would engage in betting, albeit not necessarily for the kind of sports we bet on in the modern-day era.

Most gambling was associated with activities such as cock fights and wrestling matches. With time, horse racing grew to be, and still is, one of the most popular sports to bet on.

The growth of the internet revolutionized not only the way we communicated but also how we derived our entertainment. By the mid-1990s the sports betting industry had seen quite some growth with several brick-and-mortar casinos operating sportsbooks that featured a larger variety of games.

The internet however presented a greater opportunity to reach a wider market and also diversify the services offered by sportsbooks. Several companies decided to capitalize on this opportunity by establishing online gambling accounts in offshore countries, particularly Antigua and Barbuda.

This was primarily because the island countries provided a more favourable legal framework for companies engaging in internet-based gambling.

First sports betting platforms

Following the success of online casinos in the '90s, the first online sportsbook was established in 1996.

Everygame (formerly Intertops) led the way as the first online sportsbook and its popularity rapidly grew globally.

Everygame review

As it is with business, the tremendous success attracted many other companies and online sports betting became a mainstay in the gambling industry.

After about a decade since the establishment of the first online sportsbook, it was estimated that the sector was transacting sports bets worth about $100 billion.

The use of the internet to place bets on sports events brought great convenience and diversity in the way people went about placing bets.

For instance, a new concept of peer-to-peer betting was introduced by Betfair in 2000 where the company itself did not collect the bets but provided a platform where people could bet amongst themselves.

This concept also referred to as exchange betting, is now quite common on many other sports betting websites.

Sports betting gets better

In addition, to survive the tough competition of this emerging sector, companies devised unique ways to attract larger patronage. These often included large bonuses and promotions.

Online sports betting operators offered special cashback programs, better odds, and loyalty programs. Such offers eventually decreased in number and size as the industry stabilized and became more mature.

The growth of online sports betting has however not failed to have its fair share of challenges. Internet-based payment and money transfer methods had similarly increased which provided an easy avenue for money laundering. The multi-billion-dollar industry attracted the attention of the authorities.

The most notable challenge came with the passage of the UIGEA in 2013 by the US Congress. This new set of laws and several seizures later greatly diminished the number of online sports betting, especially in the US. Many online sports betting companies either closed shop in the US or opted to relocate their services to offshore countries.

Regardless of these challenges, online sports betting is still very popular globally. Advancements in technology have opened doors to better software and more betting options. The most recent of these is mobile sports betting which allows online sports betting through mobile phones and tablets.

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Your Best Start in online Sports Betting

Online sports betting

Sports betting has become very popular. The odds, picking winners, line shopping, and how making use of online bonuses will lead to a profitable event if you're lucky.

On the other hand, we advise all betting enthusiasts to take sports betting as a form of entertainment and not as a way of making money.

When it comes to choosing a sportsbook to bet on; it is advised that you read a couple of reviews about the bookie before you can engage in placing bets with them. Us, we take these reviews seriously and this is the reason we have comprehensive reviews on these bookmakers.

Some of the things we look at when reviewing are banking options, odds available, sports available, and how effective their customer support is.

Come up with a budget

When you start betting on sports, you need to have a budget for the amount you are to spend betting. This will instil discipline and will go a long way in leading you to responsible gambling and avoid falling into problem gambling.

When betting, start with a small stake and increase this amount as you go on. When it's time to increase your betting, make sure that you have understood the particulars of how betting is done. The primary thing here is to make sure that you understand how to manage your bankroll.

This is your hard-earned money and you need to spend it wisely. Once you have this in mind, look for a sportsbook that has favourable terms for your betting needs.

Bet with money that you can afford to lose. This means that you should not use money meant for your rent, telephone bills, or shopping. Spend money that's left after settling your bills on betting.

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Types of bets you will come across

There are many bets that you will come across. In this article; we will mention three that are commonly used in betting.

1X2 bets

The 1X2 market is the simplest in football betting since it involves picking the winning team. In 1X2 betting, there are three options available:

You can either back the home team, which is represented by number 1, or you can back the draw, which is represented by the letter X, or you can back the away team, which is represented by number 2. This type of bet is also known as a "full-time result", "match bet" or "three-way bet".

Moneyline bets

Moneyline Betting

This is the kind of bet where you wager on the team that will win the game. This is popular with sports like baseball and hockey. You will hardly find this one being used in football or basketball.

This kind of bet pays a small amount regardless of the points or the number of runs a team wins by. If you are to go for this kind of bet you need to understand American odds.

American odds are expressed as either positive or negative. When you have an odd represented by a negative, it shows how much you should stake to make a win of $100.

When it is expressed with a positive sign, it translates that if you stake $100 you will keep your $100 and win an addition of the indicated amount.

Point spread / Asian handicap bets

Point Spread Betting

Point spread betting is the most popular kind of wagering and is said to have been invented in the 1940s. The idea behind this type of bet is to create a game close to 50/50, so a handicap needs to be added.

When taking on this kind of bet, you need to understand that not all teams have an equal footing. It is possible for a team to lose a game but still make it possible for you to win a bet.

When making this bet, you bet on a team that you think will cover the betting line and not win the game. In this case, when you bet on the favourite, you believe that they will win and still cover a certain bet line. When you bet for the underdog, you believe they will not win but they will still cover a certain bet line.

Point Spread betting is basically the same as Asian Handicap betting.

Totals - Over / Under bets

Over/Under Betting

This is the easiest kind of bet for anyone to understand. It is also referred to as totals betting. In this case, you wager on whether the total number of points to be scored by both teams will be over or under the published betting total.

For instance, in baseball, it might be over/under 9.5 runs, in soccer it can be over/under 2.5 goals, in hockey it can be over/under 4.5 scores in American football it can be over/under 39.5 points and so on.

Summary

In conclusion, while sports betting can be exciting, it's crucial to approach it responsibly. Choose reputable sportsbooks, set a budget, and understand different bet types. Treat it as entertainment, not a guaranteed source of income, to ensure a positive experience.