Before You Bet Your Money
When you place a bet on the football (soccer) match, you will usually be asked to provide some form of identification. If you are a new customer, the casino (or bookmaker) may ask for your credit card details so that they can be sure that you are a bona fide customer. In some instances, they may want to verify your identity with a phone call or an email. Just make sure that you are willing to lose the money that you are betting with if the game turns out to be a draw!
The Mathematics Of Odds And Evens
To understand the betting line, it pays to know a little bit about bookmaking and odds. Bookmakers and casinos make money hand in hand, although the casino will take a larger chunk. Let’s take a look at the difference: The bookmaker makes money when you bet, the casino when you win. To give an example, a £10 bookmaker bet will cost the casino £12 ($16.30) in terms of profits. The important thing to note is that both the bookmaker and the casino are acting as middlemen in what is essentially a money transfer between two willing parties.
The Importance Of The Betting Line
Back to our original question: How do I read a betting line? The line itself is simply a line item that is placed at the bottom of the sportsbook. What is usually presented to English speakers is a punting chart or a racing form, which is basically the same. The line is used to calculate the implied odds (or ‘read’ the odds) for each football (soccer) player in a match. In the United Kingdom, you will often see prices written as:
- £1.75 for Sunderland v Newcastle United
- £1.85 for Chelsea v Stoke City
- £2.05 for Liverpool v Manchester United
- £2.15 for Arsenal v Tottenham Hotspur
- £2.25 for Scotland v Wales
- £2.35 for Leicester City v Everton
- £2.45 for Chelsea v Man City
- £2.55 for Liverpool v Man United
- £2.65 for Arsenal v Spurs
- £2.75 for Scotland v Wales
How To Place A Bet
If you want to place a bet on a football game, you will first have to go to a casino (or bookmaker) and put down a cash deposit. You can either do this through a credit card payment facility (visa, mastercard, etc.) or through a direct deposit into your financial institution (bank account, building society account, etc.). Be sure to keep in mind the maximum deposit amount that you are allowed to make at a given time. This is usually between £5,000 and £10,000. After you make your deposit, you will be provided with a unique ID (usually a 7- or 8-digit number) and a pin number. The ID allows you to access your account and place bets, while the pin number is what you use to verify your identity when you make a bet. When placing your first bet, you will usually be asked to enter through a form of payment (the methods are varied, but can include credit card, direct deposit, etc.). Once you enter your first bet, your account balance will update and you can continue placing bets until your credit line is exhausted or your balance reaches zero.
How To Check Your Accumulated Wins And Losses
In order to keep track of your wins and losses, the casino (or bookmaker) will provide you with an online sportsbook called a betting registry. This is typically where you will see the amount of your winnings or losses accumulated so far. You can also use this space to look up previous winners and search for match outcomes and betting trends. The size of your wagers and the amounts wagered determine how much information you will see. If you have a large number of losses accumulated, you will not be shown the full information dashboard because this is classified as a “red” area according to the color-coded risk rating system:
- £0 to £99 losses – you will see a small section at the top to indicate your accumulated losses
- £100 to £199 losses – you will see the main menu and can access various sections, such as news, props, etc.
- £200 to £299 losses – you will only see the main menu
- £300 to £399 losses – you will not see the main menu nor any of the other available sections
- £400 to £499 losses – no sportsbook menu, no access to features, no market information
- £500 to £599 losses – you will not see the main menu nor any of the other available sections
- £600+ losses – you will not see the main menu nor any of the other available sections
How To Access Your Deposit And Withdrawal Information
Once you have placed a bet, you have the option of withdrawing the funds that you bet with. This is typically done through a similar process to placing the bet in the first place, although the casino may vary this slightly. You will have to go to a cashier and verify your identity through a credit card or direct deposit. In most cases, you will have the option of withdrawing funds in cash or through an online fund transfer to your bank account. In either case, the funds will be available for use in the casino. If you win, you will need to contact the casino directly (usually via email) to make arrangements for withdrawing your winnings. Remember, however, that some casinos will not allow you to withdraw winnings from your account until a certain amount of time has passed (usually 7 days). In this case, you can use a debit card to purchase goods in the casino. In the meantime, the casino will continue to deduct the amount of your withdrawal from your credit card or direct deposit.