How to Bet on Sport on 1xBet and Other Platforms
If you are new to online betting, it is important to learn basic concepts. Before you place your first bet on sport on 1xBet and other bookmakers, you should familiarize yourself with the main terms, such as odds, betting markets, and lines. This guide covers the fundamental principles of sports betting for beginners.
What is Sports Betting?
In simple terms, sports betting means predicting the outcome of a sports event and placing a real-money bet on that prediction. In other words, you bet on the result of a sports event. For example, you can guess who will win the FIFA World Cup, or try to predict the outcome of an NBA event.
Despite the sport discipline you choose, your goal is to predict the specified outcome correctly. If you are right with your prediction, you will get back your bet plus an additional amount based on the odds. And vice versa, if your prediction is wrong, you will lose your bet.
Betting Odds Described
When you place a bet with a bookmaker, you are betting on the odds they set. Such odds show how likely an event is to happen, according to a bookmaker’s evaluations, and they also affect your potential winnings. Here are the key formats of odds you will find on bookmaker platforms:
| Odds Format | Description |
|---|---|
| American Odds | In American odds, favorites have a minus sign next to their odds, and underdogs have a plus sign. For example, if the Barcelona FC has odds of -200 against the Real Madrid, who are at +150, you need to wager $200 to win $100 on the Barcelona. |
| Decimal Odds | Decimal odds are easy for beginners to understand. Higher odds indicate a lower probability but a higher potential payout, while lower odds indicate a higher probability but a smaller payout. |
| Fractional Odds | Fractional odds show potential payout as a fraction. The number on the left shows how much you could win, and the number on the right is your stake. For example, if you bet $10 at fractional odds of 3/1, you can expect a total return of $40, which includes your original $10 stake and an additional $30 profit. |
Usually, betting platforms allow users to choose an odds format, and beginners can choose decimal odds for their simplicity.
Types of Sports Bets
Choosing the right type of bet is important, as different bets have different odds and related risks. Here are the main types of sports bets:
- Moneyline. A moneyline bet is simple, as here you simply pick the team you think will win. These bets are suitable for beginners because they are easy to understand. You either win or lose, which makes it simple to grasp the basics of betting.
- Point Spread. A point spread bet adds some strategy. You don’t just pick a winner, but you also bet on how much they will win by. Terms like “covering the spread” come into play here, so you need to understand the sport and how betting works better. Although this type of bet requires more strategy, it also has bigger potential payouts compared to other types of bets.
- Over/Under, or Total. These bets focus on the total number of points scored by both teams, rather than who wins or loses. With this bet type, players expect both teams to either score high or low. Here, you can use what you know about a team’s offense and defense without needing to pick a winner.
There are also many other types of bets, but beginners can start from these ones and then learn more complicated wagers.
How to Bet on Sport on 1xBet: Step-by-Step
Now that you know about different types of bets, you can place one. For this, you should follow these simple steps:
- Choose a betting platform and register an account.
- Confirm your account by clicking the link sent to your email or mobile and providing any required information.
- Make a deposit using one of the accepted payment methods.
- Find the sporting event you want to bet on.
- Look through the betting options and click on the odds you like to add them to your bet slip.
After that, you can enter the amount you want to bet and submit your wager.
Using Sports Betting Software and Tools
In today’s world, data plays a crucial role in sports betting. After you learn the basics, you can use various tools for bettors. For example, new players can start by using odds comparison tools that collect odds from different bookmakers. You can also use software to back-test your betting strategies. This means checking how your strategy would have worked in past events. It helps you avoid mistakes based on real data.
In addition, many platforms offer real-time alerts based on your criteria. This feature is key when time is critical, allowing you to make quick decisions without always watching the game. Additionally, players should remember responsible gambling principles and set limits for their time on the bookmaker platform and their budget.