How do football bets work

Sports betting how does it work?

Every sports fan has certainly heard of betting on the Internet. But how exactly does sports betting work? We have put together a little guide for beginners below. At the same time, we will show you the first steps from registration and deposit to bet and payout of winnings.

The basis for sports betting - bookmaker vs. customer

The betting portals on the Internet are operated by the bookmakers, who are more or less on one side. The providers offer their tipsby making the possible Sports events with a corresponding betting odds Mistake. These offers are calculated based on the probability of the result occurring. Customers can now accept these offers by a tip on this offer bet or reject by simply ignoring odds.

Fig. The bookmaker Tipico

Sports betting is always a competition between bookmaker and customer, whereby the sports betting provider is in a much better starting position. He sets the rules and quotas. At the same time, the Betting odds already include the profit margin. Users always have to overcome these obstacles before they can win - or customers start with a small handicap. Many still think that a betting company cares about who wins or who loses. This is not the case. The odds are automatically balanced. A good bookmaker has a balanced sports book. A bookmaker calculates a margin of between 3% and 8% per bet. It doesn't matter who wins or loses.

Fig. Very good odds at Tipico

The first steps - this is how it starts

Before the first bets can be placed, the customer must of course register with the bookmaker of his choice. The processes are usually designed in a similar way. Just follow these steps:

  1. Call up the registration form on the homepage. Usually this is via the buttons "Join Now" or "registration" possible.
  2. Fill in your details truthfully and then confirm the general terms and conditions. It is really important that you work with honest information. Incorrect data come to light before the first profit withdrawal at the latest.
  3. As a rule, you now have to confirm the verification link in the welcome email and you are already a customer of the online betting provider.

Fig. The account opening at Tipico

Registration is generally free of charge and brings you no obligations with himself. The best bookmakers will redirect you to the cashier menu immediately after the registration process. If this is not the case, you have to log in again with your data and then either click "Deposit", "Cashier" or "Banking" click. Then it goes on as follows:

  1. Select your preferred payment method from the transfer methods.
  2. Enter your desired amount
  3. Complete the payment details, for example by entering the credit card number. With the e-wallets, you will be redirected directly to the website of the financial provider to confirm and complete the deposit.
  4. The game amount is immediately available for use with almost all payment methods, unless you have decided on the classic bank transfer - then it takes a few days.

The actual betting process - just as easy

How does the actual sports betting work? The bookmakers usually work with very simple and intuitive software solutions. The customers are guided through the betting offer as smooth as butter and in a self-explanatory manner. Typing is usually done with just a few clicks. You can get the desired event in the middle of the screen in the following way:

  • sport
  • country
  • competition
  • Event

The desired quota will be Transfer to the betting slip with one click, which usually opens on the right edge of the picture. If you want to place a combination bet, you can move each odds individually one after the other into the ticket.

Fig. On the left you select odds, on the right the betting slip is automatically filled

The bookmakers will show you the possible types of bets on the betting slip - that is Solo, combination or system - at. Enter the amount of the game in one of the fields provided. The maximum possible profit is shown automatically to you, often immediately the deduction of the betting tax. If you are satisfied with your selection, you send the betting ticket. If you are successful, the winnings will automatically be posted to your betting account.

The payout - this should be noted

The sports betting payout works simply, but there are some special features to consider. No serious bookmaker will pay out the money provided the Identity of the customer is not clearly established. Before the first withdrawal of winnings, there is always a legitimation check. You will need a photo ID (identity card, passport, driver's license) and a more recent address confirmation (utility bill, registration confirmation). In individual cases, the online betting providers may request additional documents such as a copy of the credit card or a bank statement. Our recommendation: If you don't want to waste time, send them so-called KYC documents contact customer support shortly after registration.

As a rule, only transfer methods that have already been used for a deposit may be used. If this is not technically possible, for example with direct booking systems or prepaid methods, the payment must always be made by bank transfer. The exact rules for withdrawing winnings are slightly different between bookies. For example, some providers generally only pay out via bank. It is also important that the target account is always owned by the player. Withdrawals for the benefit of third parties are generally prohibited, even if they are family members. In addition, some bookmakers have maximum monthly limits. Higher profits are sometimes transferred in installments.