In the past, anyone that wanted to wager on sports needed to visit an outlet of a sportsbook or do it physically at the event. However, betting has become more convenient thanks to bookmakers creating online platforms to reach their users.
If you are new to betting and want to decide how to do it online, this guide will help you. We held an interview session with a betting expert from BetZillion, Tim Harrison, who has broken down the details of how to go about it.
Steps to Follow to Wager on Sports Online according to LA Progressive
You already know what sports betting is all about, so we will dive into the steps you need to follow to wager online.
Get the Right Sportsbook for You
The first step in betting online is getting the right sportsbook. Since you cannot wager without a betting platform, you must choose the right one. First, you should look for a legal bookmaker in your country or region. For instance, some betting platforms are not allowed in some states in the US. So, it would help if you chose a bookmaker you are allowed to wager on.
Also, you must watch out for some features before selecting the sportsbook. As a result, you must do your due diligence to research the betting platform that is easy to navigate and has an excellent user interface. Furthermore, the best sportsbooks explain betting rules and each wagering term.
Finally, it is crucial to check out for promotions. LA Progressive believes the best sportsbooks offer several promotions, starting with the welcome bonus. The advantage of the welcome bonus is to help you get started into betting. As a result, you can explore the world of wagering without risking your funds.
Register an Account with Your Chosen Sportsbook
The next step after selecting a sportsbook of your choice is to create an account. The process is usually seamless, and you will be done within a few minutes. You cannot wager on a sportsbook without registering an account.
A typical sportsbook will ask for your details, including your full name, email, phone number, address, and date of birth. You will also need to create a password of your choice to ensure that only you have access to your account.
After creating an account, the sportsbook may require you to verify it. Usually, you will be asked to provide a government-issued identification to get proved. Some bookies also ask for proof of address to be sure you are a resident of the region the sportsbook is legalized.
Deposit Funds into Your Account
Before you can bet on a site, you must deposit funds into your account after creating it. Also, funding your account helps you access the possible welcome bonus offered by the betting platform.
Depositing funds does not take more than a few minutes as the process is all effortless. A typical sportsbook allows deposits through various payment methods, including credit or debit cards, payment platforms, mobile money, bank transfer, etc. Some platforms allow players to wager through cryptocurrency, such as Bitcoin, you can check over here.
After making your deposits, you can get the welcome bonus in the form of free bets or a percentage of your deposits. Then you can use the bonus to explore the website first.
Get Familiar with Betting
Before you proceed to wager, it is vital to be familiar with betting and how it works. It will be the moment you want to research terms used in betting. Some of these terms could include odds, Moneyline, 1X2, Both Teams to Score, Totals, Point Spread, and others. You will automatically set yourself up to lose your bets if you are unfamiliar with these terms.
You can read more on betting rules if your chosen bookmaker has a section for that. If not, you can research online to get more insights. Also, many betting platforms explain how wagering works.
Set a Budget for Betting
One of the rules of betting many punters fail to follow is to set a budget. As a result, many usually lose more than they should.
It is vital to set a budget before you begin to wager. Through this, you can cut your losses, especially when betting is not going your way. Since winning is not guaranteed in wagering, you can set aside a bank account where you keep your budget for betting so that you will not encroach into the money you should not.
Select Your Picks
Usually, betting platforms allow players to wager on various sports markets. It is one of the reasons why you should choose wisely when making a choice.
You can wager on various sports, including football, basketball, baseball, soccer, tennis, etc. Some bookmakers have as many as 50 sports, with hundreds of competitions. As a result, you can wager on up to thousands of events.
Also, many sportsbooks offer Esports games like League of Legends, and some allow players to wager on virtual sports and casinos. Read more here.
Navigate to your choice of event, choose the betting market, and select your picks by clicking the odds attached to the outcome you want to bet on. You can select as many events as possible.
Enter Your Stake Amount
Once you select your picks, enter your stake amount and place your bets. It is not a must to stake all the amounts you deposited, and you can also use your welcome bonus if it is available. Each betting platform has varying minimum and maximum amounts you can bet. You must have known this while doing your research about the platform.
After you place your bets, all you need to do is wait for your wager's outcome. If you win, the sportsbook will allow you to claim your returns into your betting account, and you can then withdraw using one of the payment methods available on the platform.
Betting has become more convenient thanks to the availability of betting platforms online. All you have to do is to choose a bookmaker of your choice, create an account, fund the account, wager your bets, and withdraw your winnings. You can do all these from the comfort of your home.