The night before the 2019 World Cup, one of the largest sports betting events of the year, the Australian government released relevant regulations that outline how sports betting can legally take place in the country. While the governing body of the game, the AFL, already operated under similar regulations, this is the first time that the entire sports betting industry in Australia has been brought under one roof. This also marked the first of what’s hopefully many legalisations of wagering on sporting events in Australia.
For fans of the NFL, Super Bowls have always been popular events to bet on. The game offers high odds, juicy props and the perfect platform for placing big bets. However, the World Cup is also a popular event to bet on, and for good reason. It’s a once-a-year opportunity for fans of major football leagues to get their fix of football and place bets on the event they love most. With the right tools and education, it’s possible to make money from betting on the World Cup without risking your own money.
Let’s take a look at how you can make money from betting on the World Cup:
Find A Bookmaker You Can Trust
The first and most important step to becoming a successful bettor is to find a reliable bookmaker you can trust. Even if you have good intentions and intend on being fair, the last thing you want to do is place a bet with a dodgy operator who could leave you holding the bag if the sportsbooks go belly up. If you do decide to go ahead and place the bet, at least you’ll know you’re doing it with a safe and legitimate company. Of course, this doesn’t mean that all bookmakers are created equal, and it’s up to you to do some research before you make a commitment. One way to find out more about a particular bookmaker is to check out their website, social media accounts and reviews. Having a look at what others are saying about a particular bookmaker will give you an idea of whether or not they’re worth the risk.
Don’t Forget The Basics
Besides finding a reliable bookmaker, you also need to make sure you’ve followed all the relevant steps prior to placing a bet. The most basic of which would be to ensure you’ve followed all the relevant rules and regulations set by the bookmaker. There are also specific things you need to do in order to place a bet on the World Cup if you’re in Australia, but having familiarity with these fundamentals will help greatly when you’re struggling to place that all-important winning bet. Here are some of the basics you need to know in order to successfully bet on the Iron Throne:
Verify Your Identity
When you first log on to a bookmaker’s website, you’ll see a message at the top of the screen that says something to the effect of, “Welcome, (your name)”, followed by, “Member Since (your date of birth)”. Before you place your first bet, you need to verify your identity by entering a valid email address and choosing a password. Many bookmakers will also ask you to verify your telephone number and residential address by providing either of these on a different screen. While this may seem like an unnecessary step to some, consider this: without verification, you may find yourself denied access to your account at any time, or worse, scammed out of your money by a con artist.
Review The TAB
Once you’ve verified your identity, you’ll be presented with a menu of different sports and events you can place bets on. At this point, you need to make sure you’ve chosen the appropriate sporting code and venue for the event you want to bet on. The Australian sports betting market is incredibly diverse, and you’ll find everything from football to tennis, cricket and more. You’ll also see different markets for each code: there are odds for goals, picks, half-time adjustments, straight up winners, etc. As a general rule, you should always look for simple bets on sporting events, as the odds will be in your favour if you know what you’re doing. But if you’re a complete novice, it might be safer to go for more complex bets, as long as you’re aware of the risks involved. Also, don’t be afraid to experiment with different types of bets on various events – sometimes a dog race can pay off better than a football match, for example.
Make Sure You’re Logged In
After you’ve chosen your bets and have matched up with the correct odds, you need to make sure you’re logged in before placing your first bet. Doing this will ensure that your bet goes through and that you can’t retract it once the whistle has been blown.
Place Your First Bet
Once you’ve logged in, you’ll see a menu of different events you can place bets on. From this point on, it’s up to you to decide which event you want to bet on, and you should use the rules of the road to guide your decisions. It’s generally a good idea to keep your money in your account until you’ve placed at least five bets, as this will limit your losses in case the sportsbook goes belly up – something that can and does happen from time to time. When you’ve made five or more successful bets, you can consider pooling your funds with other bettors and making a larger wager – but only if you’re sure you can trust the people you’re playing with.
It’s also crucial to manage your expectations when betting on the Iron Throne. It’s not easy to become a successful bettor, and it takes a lot of practice to get good at it. But as long as you keep trying, there’s no limit to what you can accomplished. Here are some helpful tips from a professional:
Bet The Underdog
Everyone likes to win the betting pool, but the truth is sometimes the best underdog bets are the ones that pay out the most. Consider backing the underdogs in football, tennis and other sports. Not only do you get to indulge in some great sport, but you also get to take a sneaky peek behind the scenes and see which teams and players are performing well and which ones need a bit of help from the stands.
Manage Your Risk
One of the risks of betting on the Iron Throne is losing your money. It’s very unlikely that you’ll ever walk away from a winning bet, but just as likely you’ll lose money on a football or cricket match. The key to managing your risk is by setting a budget and sticking to it. Just because you’ve placed a successful bet doesn’t mean you should immediately run down to the bookmaker and place a massive wager. Take a break instead and wait until you’ve put together a pound or two.
As we’ve established, sometimes the best way of making money is from a successful bet, but this doesn’t always have to be the case. If you’ve ever taken up gambling, you’ll know that sometimes the best way to make money is from insider information. The same concept applies when betting on the Iron Throne. You can get information from a number of sources, including other bettors, social media, blogs and the like. When using this information to place a smart bet, make sure you’re doing so with a reliable bookmaker, as you’ll be putting your own money on the line. This is why it’s best to start small and work your way up – you don’t want to risk everything on one big wager.
As a last piece of advice, let’s remind our readers that pleasure is one of the primary aims of life. When you’re doing something you enjoy, it’s much easier to achieve the desired results. Sure, winning big bets is great, but who wouldn’t like to enjoy themselves while playing? As we’ve established, sometimes the best way to make money is from a successful bet, but this doesn’t always have to be the case. Find things you enjoy doing and try to incorporate these activities into your daily routine – it’s a great way to make the most of your free time and improve your quality of life.
The Australian government has opened up a world of opportunity for sports bettors. Many of the world’s best soccer players will be plying their trade over the next few months, and it’s the perfect time for you to get involved. With a little bit of luck and a whole lot of effort, it’s possible to make some serious money from betting on the Iron Throne. But it takes a lot of practice and education to get good at it, so don’t be afraid to take the risk. Happy betting!