Most of us have probably heard of online betting od’s (originally known as online betting odds games or OD games) and how they work. Basically, the concept is rather simple: Two (or more) teams or squads of players take turns placing bets on the matches or games that they play (usually soccer, cricket, or rugby in nature). When it’s their turn, they can either choose to bet on their team to win, lose, or draw (place a wager on the result of the match), or they can choose to play it safe (no betting involved) and simply use the match or game as a form of entertainment. Depending on the rules and regulations set by the governing body for a certain sport, players can either lose or win money based on how the game goes.
If you’re interested in trying your hand at online betting, you’ve come to the right place. Here’s a short guide to help you get started playing OD’s (and how they work).
Register An Account
One of the first things you’ll need to do if you want to play any type of online betting game is to register an account. This is how the various bookmakers and betting exchanges that support these games operate: They keep track of all the accounts that are open and active, and they make it easy for you to place bets and offers (if you’re a registered user) using their easy-to-understand tools. You’ll typically need to provide a valid email address (so they can contact you if there are any questions regarding your account) and choose a username and password. You’ll also need to choose a username and password for each individual game that you play (more on this later). In the UK, you can register for an account with most bookmakers easily (including bet365, Paddy Power, and Sky Bet), and the various sites offer a 100% deposit bonus (with the bookmakers).
Choose A Game
Once you’ve registered and created an account, the next step is to choose a game. Most bookmakers and betting exchanges offer a variety of games and markets for you to choose from. These are essentially choices of sports and competitions to bet on (generally with an edge, meaning the house does not always win). For example, you could choose to bet on the next Ashes cricket series, or you could choose to back the New York Jets (American football) to win the Superbowl. The opportunities are endless (and often very entertaining to watch and participate in!).
When choosing a game, you’ll need to consider a number of factors. First, check how well your selected sport and game are supported by the betting site. This will determine how liquid the market is and whether or not you’ll be able to make meaningful wagers. Remember: The more popular a game, the more opportunity there is to make money from it (which is why big-name sports attract so much interest). Second, check how easy it is to place bets and get returns. Some bookmakers and betting exchanges are more welcoming to new customers than others, and this can make a massive difference in your betting experience (as well as your ability to profit from it).
Find A Place To Bet
Location is incredibly important when it comes to betting. You’ll either need to have a bookmaker account with online access (generally via mobile) or you’ll need to use a VPN to keep your personal information secure while betting (more on this later). In addition to this, you’ll need a place to settle your bets. Some sportsbooks and betting exchanges are open to international customers, and if this is the case, betting via credit card should be easy (particularly if you use a VPN). If you’re looking for a place to bet that isn’t abroad, then most countries have at least one bookmaker that operates within its borders. In most cases, you’ll be able to place bets using a credit card.
Make A Deposit
Deposits are fairly common when it comes to online betting and are used to facilitate placing bets and managing your account. The majority of the bookmakers and betting exchanges that we recommend make it easy for you to make a deposit by employing both cash and credit cards as accepted methods of payment (VISA and Mastercard are the most popular options). If you’re planning on making a large amount of cash deposits, then it’s best to do so from an un-authorised source (this is where a VPN will come in handy).
Choose Your Own Odds
When you first create an account with a bookmaker, they will give you an indication of the odds for each game and event (for example, the odds of Manchester United winning the next match). You will then need to choose your own odds if you want to make any meaningful wagers. This is where the fun begins! On some sites, you’ll be able to choose the betting limits you’re willing to risk (usually between £10 and £100), while on others you’ll simply need to pick a side (generally either Team A or Team B). You’ll then need to decide how much you want to wager on each game (generally this will be between £1 and £5). Remember: The more you risk, the greater your potential for profit. However, this also means you’ll need to be more careful when placing bets. In order to ensure you’re making the right choice, some sites will allow you to see the odds of each team and how other customers have bet on the game (this is usually called ‘prop betting’ and can be useful if you’re unfamiliar with choosing your own odds or if you simply want to experiment). If you’re feeling adventurous, you could try placing bets on events that are likely to happen rather than simply backing one of the two teams (again, using a VPN to remain anonymous will make this experience much more enjoyable).
Once you’ve chosen your team and put in your first wager or two, you can simply sit back and watch the winnings pour in! These games are generally easy to follow and the odds are generally good (provided you follow the simple steps discussed above). In most cases, you’ll be able to find a way to make money playing (especially if you’re choosing popular games that are often available for betting). Remember: The more you know, the more you’ll be able to profit from (or maybe that should read, the less you know, the less you’ll be able to profit from!). If you’re looking to make a quick and easy buck, there are certainly easier ways to do so, but over a long period of time, betting on the outcomes of sports and games can be very lucrative (as shown by the many successful individuals and businesses that exist today who got their start this way).