A Total Betting account is ideal for sports fans who want to follow the results of their favourite teams, while also having fun with a few lineups at the same time. Launching today in Australia and New Zealand, with sportsbooks taking their time to incorporate the product, TotalBetting could become a popular choice for Aussies and Kiwis alike.
So what is TotalBetting, and how does it differ from the traditional sportsbook? As the name suggests, this new product takes into consideration all aspects of your favourite team, including recent form, stats, and historical results, to create a personalised betting experience for each user.
Here, we’ll explore the science behind TotalBetting, as well as how to make the most of your account.
The Basics Of Personalised Betting
For decades, sportsbooks have been the primary source of betting for sports fans. Launching your account with a minimum purchase of $10, you can access the full spectrum of Australian and international sports, putting a bet on every game that takes place. Your money will be held securely in your account, and you can bet as often as you like, with the upside of generating revenue through winning bets.
While this may be a viable option for some, there are plenty of people who want something different. If you’re someone who follows your favourite teams, but also enjoys dipping your toe in the lucrative world of sports betting, you may want to consider a TotalBetting account. Simply put, a TotalBetting account takes into consideration all aspects of your favourite teams, to create a betting experience that is customised to your personal preferences.
As with all forms of sports betting, you’ll see some results immediately, with winnings deposited into your account, and income accrued from betting on sporting events, including horse riding, cricket, golf, and rugby. For other sports, like American football and baseball, you’ll see more modest winnings, at least initially.
Making The Right Choice
When you open a betting account, you’ll see a variety of offers, with the most popular being 50% bonus on your initial deposit, up to $400 in free bets, and 24/7 customer support. Naturally, this will be attractive to anyone, given that most betting accounts see a drop in net worth of over 80% after their first 20 bets. This is largely due to the volatility that is often inherent in a sport, where even individual games don’t necessarily follow a set formula, as they do in games of skill, like chess.
According to a 2016 report by the Australian Gaming Commission, 80% of all sports betting revenue is generated from recreational gamblers, while only 20% of participants in the industry are interested in profit-making. Naturally, this means that 80% of people will lose their initial investment in the game, if they are fortunate enough to win at all. However, with a little planning, and a greater understanding of how sport works, this is no mean feat.
As mentioned, the volatility of sport makes it highly risky, with the occasional massive upset, or incredible run of form, likely to arise from time to time, given the random nature of the sport (and sometimes its outcomes). For fans of a certain age, it might also be the case that you’ve seen one or several upsets before, which makes the concept of betting on sport a little less appealing. In this case, it’s probably best to stick with what you know.
A Place To Set Your Sights
There are a variety of reasons why someone might want to place a sports bet, whether it’s for profit, or for fun. Those who enjoy placing bets for amusement might want to consider a TotalBetting account, simply for the opportunity to do so, given its rarity in today’s sports world. If this is the type of thing that appeals to you, you might want to give it a go.
On the other hand, those who want to make profit might want to consider a traditional sportsbook, as they offer the greatest chance at a payout. If this is the type of thing that appeals to you, it’s probably best to stick with what you know, and open a sportsbook account, where you’ll see a greater chance of profiting from your betting.
What appeals to you may depend on your own personal circumstances. Some people may find it interesting to place a bet on their favourite teams, while others might not. It’s probably best to try out both options, and see which one appeals to you, given that, for the most part, you’re bound to lose your initial investment, anyway.
Where Do You Place Your Bets?
As a rule of thumb, it’s best to avoid placing your bets in places that are not regulated by a governing body, or where bookmakers are not affiliated with a reliable and tested offshore betting company. These places also tend to be the source of most betting scams, with phishing and other forms of financial fraud commonly used to distract or trick unwary customers.
Since 2011, all gambling activity, including sports betting, in Australia has been regulated by the government, with the Australian Sports Commission operating as the governing body. This ensures that Australian gamblers are protected, and that the integrity of the games is preserved, at all times.
Similarly, in New Zealand sportsbooks are now legally bound to protect the interests of their customers. This means that betting scams and financial irregularities are virtually eliminated from the industry. With proper regulation and enforcement, as well as a dedicated team of customer service representatives, betting fraud is no longer a concern.
So, to reiterate, if you’re considering placing a bet, it’s probably best to opt for a regulated sportsbook, or at least a bookmaker that is reputable in NZ, where sports betting is also regulated.
How Do You Place Your Bets?
Since 2011, there have been so many changes to how sports books operate, as well as how they conduct business, including the use of new technologies, that it would be impossible to cover them all in this article. However, as a general rule, it’s best to avoid using credit cards on sportsbooks, as this can leave you at risk of identity theft or fraud. This is because it’s quite easy for hackers or scammers to get hold of your credit card details, for the purposes of committing fraud.
Instead, use a different form of payment, or risk using a credit card, given that all businesses, including sports books, must now adhere to the new PCI-DSS standard, which was put in place by the payment processor, PCI Security Standards Council, to protect their customers and make sure their transactions are secure. If you’re still using a credit card to place bets, it’s probably best to remove it from your accounts, and use a different form of payment, or keep it for other purchases, as this will also prevent the risk of identity theft or fraud, at least in the event that your credit card is stolen or compromised.
Creating The Right Betting Scheme
In addition to placing your bets in the right place, and using the right form of payment, you may also want to consider creating a betting scheme, depending on how often you intend to place bets, and how much you’re willing to wager. For example, if you’re looking to make occasional odd-shifts, it might be wise to set up a weekly betting scheme, where you can effectively place small bets, without risking serious financial losses.
Similarly, those who are interested in profit-making might want to consider creating a strategy, where they place larger bets, on a more frequent basis, so they can maximise their winnings, and minimise their losses. This is where the mathematics of probability come into play, with a sound strategy often deriving from sound understanding of how, and when to place a bet, in order to maximise potential winnings, and minimise potential losses. A good betting strategy can be highly effective, and profitable, as long as it is followed consistently, and with a due degree of professionalism.
Making The Most Of Your Account
Once you’ve launched your account and made a deposit, you’ll see a variety of offers, with the most popular being bonuses on your initial deposit, up to $400 in free bets, and 24/7 customer support. Naturally, this will be attractive to anyone, given that most betting accounts see a drop in net worth of over 80% after their first 20 bets. This is largely due to the volatility that is often inherent in a sport, where even individual games don’t necessarily follow a set formula, as they do in games of skill, like chess.