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Beginner's Guide to Online Bookmakers
By David, BettingExpert
If you are new to the world of online betting and still feel unsure about whether to try your skills at one of the online bookmakers then this is the place for you. Read our short guide for a quick introduction and some useful pointers.
“What is online betting?”
Online betting is similar to normal betting at your local bookmaker. You wager your stake at particular odds on different sports events and collect the winnings in the same manner. The main difference lies in the fact that you go through all the process online. This is more convenient as the system is faster and can be accessed anytime from your own home.
“But I trust my local bookmaker!”
And there should be no reason not to trust our selected online bookmakers as well. We have been testing them all along and they definitely would not feature in our list of bookmakers if they did not manage satisfactory standards of security.
“What are the advantages of online betting?”
The major advantage is that there is a wide selection of online bookmakers to choose from, so the player will be able to choose where to place his own money. The choice normally depends on the best odds available. With a few mouse clicks you can browse through a myriad of offers and choose the best available.
“Will I find similar betting options as at my local bookmaker?”
No, you will actually find a wider range to choose from on the Net. Most of the online bookmakers are constantly updating the choice of bets they offer, and quite often present to the players a number of advantageous promotions to enhance their gaming experience.
The great competition for customers makes it possible for a player to get great prices, which are much higher than at local bookmakers, and a varied range of bets to choose from.
“What is live betting?”
This is a betting option which can only be implemented effectively through online bookmakers. Normally, once a sporting event has started all of the betting market is frozen and no more bets can be placed on the match.
At the biggest online bookmakers the game keeps on living as different bets are offered at constantly fluctuating prices depending on how the match in question is unfolding in real time.
This provides for unique chances of making profit as you watch the event live and make your own instantaneous judgements about how it will turn out. It is a useful feature for most sports where at times one would do well to wait and see how a team or individual turns out for the match and then place the bets accordingly.
“How long will I have to wait to claim my profits?”
This depends on the withdrawal method chosen. Using Visa and other credit cards, or online wallet services such as Moneybookers the transfer of funds to your personal account is instantaneous. Another popular option which is relatively fast is wire transfer, where the money is transferred directly to your bank account.
“How do I deposit funds at the bookmaker?”
The same methods used for withdrawing money are very often also utilized to transfer funds into your bookmaker accounts. Some methods may require additional fees to be paid either to the bookmaker or to your bank. This goes for both depositing and withdrawing funds.
“What would I need to start betting online?”
First of all you need to have at least a bank account. A credit card, such as Visa, which is readily accepted by almost any institution online, would be very handy too, but is not essential.
Take a minute to register your personal details and transaction specifications with the bookmaker chosen and you are set to go. My advice would be to study your players and teams well before you start wagering your money. Know what you are doing before taking any bets. That way the experience will be more profitable and enjoyable. I also often check out what the tipsters on BettingExpert advise, before I place my bets.
“Which bookmaker should I choose?”
It is difficult for me to recommend you of any specific bookmaker to choose, since they are all so different. My favorite bookmaker is Expekt, because they have it all: Wide betting options, high odds, live betting and instant payouts.
Click here to read my Expekt review.
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