The ultimate online sports betting tips

First time beginner? Feeling like the new kid at school on online sports betting sites? Need urgent or necessary betting tips to play in the big league amongst the best sports bettors? We will tell you absolutely everything there is to know about online sports betting to get you right on track for winning bets. Ready to go?

What are odds?

First thing first, you need to know how a sports bet works. To do this, let’s explain the word “odds”. In sports betting, you can find odds in the online sportsbooks. Odds, also known as the betting line, are the key element of a bet that determine your potential winnings.

There are three types of sports betting odds: American, decimal and fractional.

American odds can be positive or negative. Positive odds indicate payouts on a $100 bet. For example, American odds of +140 will win $140 on a $100 bet. Negative odds indicate the amount that must be wagered to win $100 in profit. For example, American odds of -140 would win $100 on a $140 bet. Got it?

When it comes to decimal odds, you simply multiply the odds by your bet to calculate your winnings. The higher your odds, the lower your chances of winning, but you will win significantly more if your bet is successful.

Finally, mainly used in the UK and Ireland, fractional odds show the potential profit if the bet is successful compared to the stake. For example, if you bet $5 at odds of 2/1, the potential profit is $10 ($5 x 2) and the total payback is $15 ($10 plus the $5 bet).

Have a good time with bets online

To vary the fun, challenge yourself or simply play it safe, there are also several types of bets.

The easiest way to bet on sports is with the single bet. It consists of betting on a single event.

Want to spice up the sports wagering experience by betting on multiple events at once? Try parlay bets by adding multiple bets to your bet slip. What happens? The different odds are multiplied, which means your potential winnings will increase dramatically. If, and only if, all your bets win, you hit the jackpot! 

Last but not least, experiment with round robin bets. This is a more elaborate version of a parlay bet. The difference is that a round robin comes in several different combinations on the same bet slip. This type of bet is much less risky than a parlay bet because there is room for error. Even if one of your bets is wrong, you can still win. There are a lot of potential betting strategies, which one are you gonna choose?

The reflection of prematch and the thrill of LIVE

You may also be wondering when to bet? It is possible to bet in prematch, that is before the kick-off of the sporting event, or LIVE. Both options give you the opportunity to analyze information about both teams before or during the game in order to make a prediction on your sports betting picks.

Take the time to place your prematch bets or react to whatever is going on by betting on live events. Add a good dose of adrenaline!

Discover the betting markets

Want more? Want to test your sports knowledge or your betting skills? There are plenty of online betting options. Bet on the winner of the game, but not only that. Anticipate and see things before anyone else by betting on the winner of a competition or league with futures bets.

Do you know Over/Under? Choose how many points will be scored in the game and decide if there will be more or less. Also bet on the total number of points, who will win at halftime, or build suspense by betting with a handicap to get even better odds.

Sports fan, you are served!

At Betly, enjoy the best of legalized sports betting: bet on the sport that thrills you, that unleashes passion or one that’s more on the unusual side. Are you a fan of basketball, baseball, football, tennis, boxing or soccer? All the major leagues and competitions are here. If you're looking to bet on unusual sports, they're here too. Find all the bets you’ve placed in the "My bets" menu and have loads of fun!

Now you have everything you need to become a winning sports bettor thanks to the best betting tips! Put your betting bankroll to good use and employ your best betting strategy to pocket some great winnings.