It’s impossible not to notice the goings-off in the online gambling sector with changes to the laws regarding sports betting in the United States and Canada. Millions of sports followers can now legally gamble on their favourite sports, competitions and teams, including the National Football League, National Basketball Association and the English Premier League. There’s plenty to bet on, thanks to work done by gambling traders, allowing followers to make predictions and place bets on the outcome of fixtures from across the globe.
Of course, there’s much more to becoming a successful online sportsbook bettor than making winning predictions. To hold your own in such a competitive business, you must cover all bases, including backing winners, getting the best odds, using a welcome bonus such as a free bet or price boost and keeping a close eye on your monthly spend. This article explains how you can improve your chances of making a profit from online betting.
Read on as we discuss the three most important features of betting on sports – landing a generous welcome promotion like the Bovada bonus code, getting the most odds offered on your selection and timing your cash-out to perfection. This page aims to arm our readers with all the information they need to make well-informed and sensible decisions when choosing a bookie and placing bets.
All successful online bookmakers offer new customers a welcome bonus, a promotion designed to ensure a steady stream of new players to the site. The generosity of the new customer promo will have a huge say on how well followed a bookie becomes. If it has a great welcome bonus, new players will stream through the door, but if another bookie is offering a betting deal, it won’t take too long for that stream to dry up.
The welcome bonus comes in a few different shapes and sizes, including free bets, risk-free bets, enhanced odds, cashback, profit boosts and enhanced each-way places. Bookies are always looking to be overly generous, but they are also keen to stand out from the crowd by doing things a little differently.
Regardless of which type of welcome bonus catches your eye, it’s easy to register, grab the welcome bonus and start gambling. The most popular type of promotion for new players is the deposit matched bet which gives you a free bet that is equal in value to your first deposit and wager. For example, if you deposit $50 and place a qualifying bet on a sport, you will receive a $50 free bet to use on the sports and competitions of your choosing.
Every bet you place should be made at the best possible odds. Most bookies have similar odds on a popular event, such as the Kentucky Derby, Wimbledon Championship or World Cup 2022. One sportsbook may offer odds of +100 – for example – on a team to win an NFL match on the Moneyline market, while a competitor may be offering odds of +50 on the same bet. Obviously, you want your stake down at the higher odds, giving you a chance at a bigger profit if your pick is good.
After making your pick and deciding which team or selection you wish to back, you should visit any respected betting odds comparison website or app. When there, you should navigate to your bet, where you will see a list of all the odds offered on your pick, with the largest in bold to help you quickly spot the right bookie to bet with.
The cash-out feature is quickly becoming the most popular new feature of the online gambling industry amongst players. Place a bet on an event, and you’ll often see a cash-out value added to your bet slip. At first, the offer will be equal to your stake but will rise and fall depending on how well your selection is doing. If your pick is winning or playing well, the chances are you’ll be offered a cash-out that will leave you with a profit. If your pick isn’t going as expected, the cash-out offer will be retracted or the offer slashed.