How Does Bovada Set Betting Work?

Bovada is one of the largest and most popular betting exchanges in the world, with over 300m registered users and $15b+ in yearly revenue. It was founded in 2011 and is headquartered in New Jersey, with an office in London.

If you’re unfamiliar, betting exchanges allow sports bettors to place bets on everything from NBA matches and football games to horse races and tennis events, all in the same place. Essentially, a sportsbook or bookmaker would take your wager and then match it against the odds set by the bookmaker and settled on the exchange. When a trade is completed, payments are conducted via SEPA (Single Euro Payments Area) deposits.

While this technique is popular and has been around for a long time, the rise of the internet and mobile gaming has propelled the betting exchange industry forward, with the likes of Bovada and other online platforms becoming popular with UK and international bettors.

Let’s take a closer look at how Bovada works, starting with registration and account set-up.

Registration

Bovada is a popular choice amongst sports bettors for a variety of reasons. First off, the platform does an excellent job of keeping their customers informed of any breaking news or events that might affect the outcome of a game. For example, if you’re watching the NBA Finals and the lines suddenly change for the worse, you’ll likely hear about it on Bovada before you even see the ads on TV.

Secondly, unlike many other sports betting platforms, Bovada doesn’t impose any conditions or limits on how much you can or cannot bet. As a result, you’ll likely find a range of betting markets on the site, from major national anouncements to pre-game odds or prop bets.

Before you make your first bet on Bovada, you’ll need to register for an account. To do this, click the Register button at the top of any page and then enter your email address and password. You’ll then receive a verification email from Bovada containing further instructions.

Account Setup

After you’ve registered for an account with Bovada, you’ll be asked to set up a new account. To do this, click the ‘My Account’ tab at the top of any page and then select ‘My Betting Account’. Enter the requested information and then click the Create Account button at the bottom of the page.

You can then log in to your account and make your first transaction, which will be the simplest and most straightforward process possible. Just enter the amount you want to bet, choose your stake size and then click the Place Bet button.

That’s it! You can now take a peek at your account and see the fruits of your labor. Congratulations! You’re now a verified registered user of Bovada and can begin exploring the various betting markets available on the site.