Have you ever wondered what the biggest revenue maker in the world of wagering is? The correct answer to that question would be sports betting. According to a famous TGM study, 35% of the entire UK population was involved in sports betting within a 12-month period.
In America, 119.84 billion dollars were bet on sports alone and in Australia, sports betting makes up 45% of their whole betting revenue.
Sports betting has become one of the biggest forms of gambling in the whole world, which is clear to see from the figures above. This makes it a little easier to understand why so many people want to hop on the bandwagon and partake in it. However, as a novice, it can sometimes be a bit daunting to tackle a new wagering industry, which is exactly why this article aims to shed light on some of the most important things you should keep your eye on.
Know All The Jargon
The first thing you need to do when you start your sports betting journey is all the jargon and lingo. There are certain terms that you just have to be aware of in order to correctly place a bet. The worst thing that you can do is try to partake in a wager but then bet on the wrong things because you don’t know what some of the words mean.
You can always try to work your way up to sports betting by playing some other wagering games like on bonusfinder.co.uk as this might not feel as close to home or pressurized, giving you the chance to manage your betting expectations without needing to apply them on a sport or a team that you really love.
Also, don’t forget that sports betting is a fast industry that is only getting faster with certain technological advancements. This means that you need to be able to bet and react quickly too. Just think of the development of micro-betting, where you can place many little bets throughout the game.
It would be impossible to place these if you did not know what bet you were making or how the process works. Therefore, it is crucial for you to research sports betting jargon as much as possible. Just remember that every sport has its own betting lingo, for example, American football and tennis – worlds apart in the betting world.
Be Updated with Player Movements
Another area you must focus on is how the players, teams and managers are doing. You don’t want to place a bet on a team when the lead striker or defender is out on the bench with an injury, that would just be a waste of your time and investment. That’s why you need to take team movements seriously.
You should start by looking at what’s happening at the top, with management. If you know and understand management, then you know the team. You must be aware of what kind of plays a certain manager enjoys playing so that you keep up with any potential movements. Then you must also look at the athletes as individuals.
Ask yourself if some of them are performing better than others? Could they be a new bet that could work in your favour? Only if you ask and answer these questions will you truly know. The same goes with the team as a whole. You need to work out if the team is playing as an actual team and have a chance of winning or not. You must also keep external factors into account such as the weather or whether the team is playing at home or away.
These are all factors you must research often so that you are always ‘in the know’.
Keep Online Safety and Security in Mind
Additionally, it would not hurt to spend some time looking at the safety and security that the sports betting platforms you’re interested in offer. The easiest way to do this is to find their licensing certificate, which is typically from a gaming commission board and can be found in their terms and conditions. Playing on an unlicensed or unregulated site is something you want to avoid at all costs.
Plus, you should also see what other punters think about the platform. You can, of course, research the site yourself and see what they have to say about themselves but as you already know, this is not a very objective form. You should rather see what other punters think by reading their reviews and testimonials about the site. This will give you a far better and more objective stance on the site and then you can decide if it’s a platform you’d like to engage with or not.
Also, don’t be afraid to contact the sports betting platform yourself. You can always get in touch with them via email so that they may answer any questions you might have.
Well, there you have it. The world of sports betting is not the easiest to navigate but hopefully, with these above-mentioned points, you find it a little easier. Just remember that no matter how riveting a match or a game is, you should always play responsibly. Never invest more than what you have and do not spend too much time playing. Set yourself a budget in all regards and stick to it. Player safety comes first – always.
