In the beginning, betting was mainly associated with sports like horse racing and boxing. The betting was done before the match, at the venue of the events. At the end of the day, people left the arenas knowing whether they had lost or won. The 21st century brought an overly influential medium called the internet. Thanks to the invention, almost everything was transformed, and in most cases for the better.
Betting was not spared either. The internet first made more sports available to people all over the world via virtual technology, increasing the exposure. Second, it enabled people to bet from the comfort of their homes, while working, walking or just doing anything. As long as one is connected to the internet, they can take part in betting. In this post, we delve deeper into football betting.
What it is
In the simplest terms, football betting occurs when a person places some money and predicts the outcome of a match. If they are correct, they win some cash. If they lose, they have to part with the stake they had placed. The predictions are made pre-match although some betting sites allow people to place predictions during live matches.
How it works
Now, if you visit a gambling site, you will find the future matches listed. Two teams are placed side by side and “Odds” provided for each. The Odds are shallow guides regarding the expected outcomes of the matches. If a team is likely to win, it is offered lower Odds. The one that is likely to lose is offered more Odds. These Odds determine how much you can make from the online betting.
If Team A is thought to be better than Team B, it might be offered Odds like 1.2. The “weaker” team might be offered Odds of 3. To calculate how much you can win, multiply your stake, that is, the money you place for the bet, with the Odds. If you had placed £68 on Team A, you win £82, meaning you gain £14. If you go with Team B, and you predict correctly, then you win a total of £206, having gained $136!
Football betting is everywhere there is an internet-enabled device. Online betting means you can bet on any football event on the planet regardless of your location. Some sites, however, restrict membership to some geographical locations. The practice is spread all over the globe and is continually gaining popularity.
As at January 2016, the online betting industry was estimated to be worth about £600 billion. Of this sum about 70 percent is earned from football betting.
The US, UK and Asia are the regions that practice this type of gambling the most. There are hundreds of thousands of online football betting sites dedicated to it. In the UK, betting sites support not only football but also other sports as well as casino, poker, financial and virtual betting. One of the popular sites to visit and experience all the above is William Hill Betting Online.