You may have heard of betting skin, but do you know exactly what it is? If not, then this article is for you. We will discuss the various types of betting skins, and which one is best for you. So sit back, relax, and get ready to place a bet.
Types of Skins
There are various types of betting skins, each with its perks and quirks. Here are the most popular ones.
Nicer Than Real Money
This is the classic type of betting skin, and it has been around for as long as betting itself. Creating a bet with nicer than real money is a great way to add that extra touch of luxury to your wager. Unfortunately, this type of skin also has some significant drawbacks. For one thing, since the stakes are not real, there is no way to ensure that the bookmaker will honour the bet. That being said, using this type of skin does give you some added privacy when placing your wager. In some instances, you can get away with just using a credit card to make the payment. If you want to use this type of skin, then you should only do so online where the anonymity of a proxy server is available.
Another great thing about online betting is that withdrawals are almost instant. Since it is usually a bank transfer, you will get your winnings on the same day that you made the withdrawal request. If you are planning on making frequent withdrawals, then you should look into the options available in this area. Checking accounts for instance let you make instant withdrawals but with a minimum of three monthly fees.
Even in the world of online betting, spreads still exist. For those that use lay bets, the spread is what the house edge is made up of. For example, if you lay 100 euros on the favourite in a football match and the game ends in a 1-1 draw, then you stand to win 200 euros (in this case, 100 euros on each side). However, if you are using a money line bet, then there will be no spread, and the house edge will be a flat 10% on the bet. The advantage of this type of bet is that there is no chance of your selection losing.
More Predictable Profit
One of the great things about using money line bets is that you know how much you are going to win or lose based on the choice that you make. To give you an example, let’s say that you picked Barcelona to beat Real Madrid in the Champions League final. Madrid is the favourite to win with the bookmaker, and if you check the odds, you will see that they are 1.67 to 1. This means that for every 100 euros you bet on Madrid, you will get back 67 euros. However, if you check Barcelona’s odds, they are 4 to 1 – this means that for every 100 euros you bet on Barca, you will get back 400 euros. In the above instance, you can see that the money line bet on Madrid is going to be more profitable than the Barcelona option since Madrid is the favourite. This is because the former has a higher return while the latter has a higher winning percentage.
Variety of Bets
One of the great things about online betting is that there is a variety of bets that you can make. Whether it is laying cash on the favourite or picking a long shot, you have a variety of options to choose from. One of the greatest things about variety is that it provides you with more betting opportunities, which in turn can lead to bigger wins and different stories. For example, did you know that you can make money by betting on whether or not an artist will get nominated for an Academy Award? Or that there is a way to win using a parlay (multiple bets on the same event), where you combine several wagers on the same selection? Variety is certainly a great thing, and it is something that you can enjoy as a user.
Last but not least, we have security. It would be remiss of us to discuss betting skins without mentioning security. After all, nothing stops you from losing your credit card information when making a payment through a third party website. Unfortunately, this is a risk that you have to take. There are simply too many instances where hackers got their hands on credit card details, and they used this information to make fraudulent charges. Even when using a secure payment option, such as PayPal for instance, security is still a major concern. Never, ever give your credit card details to a third party website, and make sure that your computer is protected from malware and viruses. Keep up with the patches, and make sure that you have all the necessary security software installed on your PC.
Choosing the right betting skin is key to ensuring that your gambling experience is both enjoyable and profitable. No matter what kind of bettor you are, there is a skin out there that will make you feel right at home. So sit back, relax, and get ready to place that bet.