Step-by-Step Help on Placing a Sports Bet Online

It’s sporting season and thousands of people have already placed a bet online, mainly for England to win the Euros and Novak Djokovic to reign supreme at Wimbledon, but what do you do if you’ve never placed an online bet before? We’ve put together a step-by-step help to make sure that you place the right bet, with the right sports betting site, at the right time! All with the aim of maximising your winnings.

Which site to choose from

There are hundreds of online betting sites to choose from, which can make it very difficult to know which one to go with. Our advice would be to always pick one that you know is reputable and trustworthy, especially as money will be exchanged. Popular sites that are widely used include BetFair, Bet365, William Hill, Unibet, Ladbrokes and PaddyPower.

Each site will give you different odds depending on what bet you’re looking to place. For example, if you’re placing a straight bet on England to win the Euros at 13/2, you’re likely to get similar odds on another sports betting website, but it won’t necessarily be exactly the same. This also goes for an accumulator bet, these very much differ depending on which site you go with some make sure to do your research before placing your bet. The oddstips provided here help you to gain insight into what are odds, how it works and how to calculate the bets.

If you can’t work out which site is offering the best odds for you, there are online odds calculators that can do the checking for you. They help you to see how much each of the odds will make you depending on how much you put down. This should make it easier for you to pick which site you should use for your bet.

How do I sign up to a sports betting website?

As everything is now online and automatic, it’s very easy to set up an account and start betting straight away. All you need to do to set up an account is make sure that you are at least 18 years old or above, have a current valid bank account and a way to make a payment for your bet (this could be a credit or debit card, for example). It’s important to note that you may be required to provide identification to prove your date of birth and identity.

Once you’ve filled out your profile, your account will be set up and you can start placing your bets straight away!

What is a sign-up incentive?

If you’re a new customer to a sports betting website, they tend to offer huge incentives to make sure that you pick them over their competitors. This is definitely something that you should research before signing up so you make sure you get the best incentive for your bet.

Types of incentives that you can get:

  • Extra bets if you place 1 bet at a certain price (for example, if you place a £20 bet, you might get an extra bet)
  • Extra credit added to your account to spend on another bet of your choice
  • Better accumulation odds/cash-out options

Once you’ve signed up, place your bet and if you win, simply click “withdraw funds” (or its equivalent) from your account and it should take no more than 48 hours, depending on which site you’re using, for your funds to be in your bank account ready for you to use!

These are our top tips for betting on sports online – good luck and have fun!