To be successful in gambling online in 2020, you first have to understand the different bet types you can make. Here we'll take you through each of the betting types so you understand the odds you stand to gain and how to maximise your winnings with a betting strategy. Once you're familiar with the different bets on offer you'll be all set to start wagering your GBP at any of today's top bookmakers online or on mobile in the UK.
In this guide for real money betting types in the UK, we'll teach you:
The world of online bookmaking exists for just one thing - to make money. And it's not just the bettors themselves who stand to take home a piece of the pie. The bookies behind the operations are also in it for the real money gains too.
Which is precisely why so many different betting types exist. After all, how dull would it be if there was only one bet and just one set of odds on offer? The appeal of betting on sports, horse racing or even the outcome of popular British TV shows is placing a bet that brings you the best return. Part of making that happen is knowing precisely which bet, and which odds, to take. They don't call it gambling for nothing.
Keen to tell your each way from your accumulator? This quick overview will help you to distinguish between the different types of bets you can make at online bookies in the United Kingdom.
There's no formula for success when it comes to betting in online bookies, but there are a couple of things you can do to minimise your losses and maximise your winnings:
Stick With One Sport
Getting to know one sport intimately can help you make better betting decisions. Otherwise you're just betting blindly and letting the bookie's odds lead you.
Set A Limit
The best way to minimise your losses is to set a daily, weekly or monthly betting limit and stick to it. The most successful online gamblers never bet beyond their means.
Don't Back The Favourite
If a horse or team is the clear favourite to win chances are the odds being offered will be low. Placing a smaller stake on an outside bet can often bring in a bigger return than backing the front runner.
Odds determine how much you stand to win if your bet comes in. They're typically displayed in 3 different styles, depending on your country of residence.
It's always a good idea, whenever you're new to any type of gambling, to practice first before parting ways with your money. So before you dive in get to know the betting site a little. Make a couple of selections on upcoming races or matches based on the advertised odds, but don't actually wager on them for real. Just see how you do. If you flop on every selection, you know you need a little more practice before you're ready to bet with real cash.
And if you're in any doubt about whether a betting exchange or sports book is legitimate, take a look at our top recommended sites. The websites featured on this list have all been verified for fairness by a member of the OnlineBetting.co.uk team. So you can be 100% confident they're the real deal.