For those new to the world of online sports betting, it can seem overwhelming. There are many things you need to know and learning these could seem endless. To make this process a little easier, we've put together a sports betting FAQ to answer some of the most commonly asked questions. Keep in mind, not every question will be included in this sports betting FAQ, but it should answer a good portion of your questions.
Is Online Gambling Legal?
There are only a few states where online gambling is legal. Keep in mind, though, a U.S. resident can gamble online is the website isn't based in the United States.
Who Can Gamble Online?
Anyone aged 18+ (for US 21+) and older can gamble online. As long as they are either in a state that allows online gambling or on a website from a different country, they'll be fine.
Is it Safe to Gamble Online?
For the most part, yes. There is always a chance of someone stealing information, but most online gambling websites take many measures to decrease the chances of this happening.
What is the “Request a Bet”?
Request a bet makes it possible for people to request odds on any bet. This includes those bets that aren't usually listed in their market. When you request odds, you'll be able to see what the odds of the bet are. This is any bet and includes those that aren't usually in your market.
How do I Request a Bet?
The great thing is that the websites have a button that you push. Once you do that, it will ask you what you want to bet on and how much you want to bet. Once you confirm, your bet will be placed.
What are the Bet Credits?
Bet credits are free money that you use for bets. You have to meet certain terms and they can't be cashed out for money, but they can be used to place bets.
What is the Bet Builder?
Bet Builder is a tool that will let you build on our bet in markets that match your bet. It will give you a price instantly. You can then place your bet with just a click.
What is Cash-Out Betting?
Cash-out lets you get money back on your bet. The amount will depend on when you took the cash-out and what the odds of the bet winning are. If they are small, the price might be lower than the original bet and an event with high odds could be larger than the original bet.
What is a Goal-Line Bet?
This type of bet lets you put a bet on how many goals will likely be scored during the game. You won't have to bet on who wins or loses and you have a better chance of a positive outcome.
What is Handicap Betting?
Handicap betting is when a certain team in an event has to overcome some kind of handicap to win. These are harder to win, but payouts are usually higher.
What is 3-Way Betting?
A 3-way bet is when there are 3 possible outcomes. These outcomes are win, lose or draw. These are easier to win because there aren't any other outcomes to consider.
What is Each-Way Betting?
Each-way betting is when you bet 2 different ways. For example, in horse betting, you would bet for the horse to win and you would also bet that it would place in any places offered in the game. This bet helps you have all your bases covered.
What is Under-Over Betting?
Under-over betting is when the Booker will predict a certain number for a certain statistic during the game, such as the total number of goals for both teams. The person betting would then bet if the actual number would be under or over the Booker's number. If it's right, they win.
What is the Money Line?
A money line bet is one of the easiest bets you can make. Simply put, the person bets on which team will win. If that team wins, then the person who made the bet wins.
The money line is when you bet on which team wins. It's one of the easiest and most popular bets for many gamblers.
What is In-Play Betting?
In-play betting is betting that takes place after the game starts and up until it's over. This gives people a good idea of how the game is going and what the outcome will probably be.
Live Betting: Live betting is similar to in-play betting but the person betting is watching the game live on something like a phone or tablet.
What is a Straight Bet?
A straight bet is a bet that you do on 1 game. The game needs to be one that carries a spread, a total or a money line. To win, you just have to bet on the team that covers the spread. If both teams do this, then your team will have to be the winner for the over-under bet.
What is the Multi Bet?
A multi bet is a bunch of single bets put together. At each new bet in the series, the odds get higher. Each time a new bet is won, the winning part is put towards the next wager. The more bets, the higher amount you could win. It also means you have to pay-out more.
Accumulator Bet: An accumulator bet is one where at least 4 events into one. You can only win if all events you bet on won. It's a higher risk but has higher rewards.
Parlay Bet: A parlay is where 2-10 bets are put together into one. It gives you the worst odds and the highest return. Keep in mind, even if there's only 1 of your team that loses, you'll lose the entire card.
What is the Vigorish or "Juice"?
The juice is the amount a bookkeeper takes for taking the bet. This ensures that the bookkeeper will get some type of money regardless of the outcome.
What does plus and minus mean in betting?
Plus and minus are the symbols that indicate odds. If the symbol is a minus, then they are the favorite, while a team that has a plus symbol is not.
Overall, this sports betting FAQ should give you a pretty good understanding of the world of betting on sports online. If you have any other questions that weren't answered here, don't be afraid to do an online search for the answer or contact us.