The good news is that there are plenty of bookmakers licensed in Belgium that Trademate works with. From our experience, we can tell you that most of them are fantastic. Still, there are a few that stand out from the crowd. Bwin is a fantastic choice for Value Bettors based in this country. The list of reasons why you should give this bookmaker a chance is very long, with its amazing welcome bonus being a top reason.
Another fact that Value Bettors will appreciate about Bwin is that this sportsbook is quite generous with its odds, allowing plenty of value betting opportunities. Pretty much everything that we wrote about Bwin applies to Ladbrokes as well. Lucrative bonuses and attractive odds, along with a Belgian operating license. Another thing that makes it great is its reputation for being friendly toward professional gamblers. Unibet offers its services in various corners of the planet.
The main reason for its popularity is its user-friendly attitude. The evidence of it lies in the fact that its platform is very easy to use, with users being able to change the website language from French to Dutch and vice versa. They provide a lot of value bets with Trademate also! Same as the three previously discussed, Betway too has a license issued by the Belgian gambling commission. The bookmakers we discussed are just some of the many options available to Belgian players.
Our Value Betting tool covers many others, meaning that you will surely be able to start your Value Betting journey in the fifth gear. Sports betting can be super-fun, but it can also be very profitable. Of course, this is only true if you take the right approach. In a big way! One such country is Belgium, so if you would like to start with Trademate, nothing is stopping you. Just make sure you bet at licensed bookies; the rest is our job. Belgian players are welcome at Trademate.
Join us and start making money straight away! Read about how value occurs in sports betting here. Want to know how to clear the bonuses with Oddshero? As with most European countries, sports betting has become a more popular activity in Denmark.
Danish and international bookmakers fight to attract both new and experienced bettors, and therefore offer a wide range of sports, sign-up bonuses and payment methods. This article explains the conditions for betting in Denmark, along with some handy tips and tricks. For more than 60 years, Danske Spil, a state-owned operator, had a monopoly over sports betting in Denmark. However, with the rise of the internet, international bookmakers became increasingly popular to Danish players, and such operators collected large amounts of the sports betting revenues.
The government has therefore liberalised the betting market in recent years. In the government passed the Danish Gaming Act, which aims to prevent all the money from Danish bettors from leaving the borders, but also, and more importantly, to maintain the consumption of betting at a moderate level and to ensure that betting is provided in a fair, transparent and responsible manner.
As a result, online bookmakers need to have a licence granted by the Danish Gambling Authority, Spillemyndigheden, to legally operate in Denmark, regardless of where they are based. There are various obligations that come with such a licence, including that of following the Danish law of gaming, which will protect you as a sports bettor from fraud. It is not illegal to use a non-approved sportsbook in Denmark, but there are some restrictions that apply, such as tax obligations and the risk of pay-outs being cancelled.
This is of course great news, as it poses good opportunities for some seriously solid profits. This includes alternatives such as credit and debit cards, e-wallets and bank wire transfer. A reason for this may be that the operator has marketed itself towards Danish players, which is only allowed for licenced operators.
There are several aspects you need to consider when choosing bookmakers for your trading adventure. First of all, the bookmakers you pick should be licensed in your country. Secondly, they should provide amazing welcome bonuses. Lastly, they should have a website available in your language. Here is a list of bookmakers Trademate Sports recommends that also hold a valid Danish licence updated 15th of June :.
Bet Bet is one of the biggest companies of its kind, with licenses in dozens of countries all around the world. One of these countries is Denmark, meaning that it is perfectly legal for you as a Danish player to place your bets at bet LeoVegas: This operator is based in Sweden and is among the favourite sportsbooks in Scandinavia. One of the reasons is their very competitive odds. Mr Green: This is an attractive bookmaker for Danish bettors for several reasons.
Firstly, its platform is easy to use, and it is available in Danish. On top of that, Mr Green covers all the markets Scandinavian players prefer to bet on. NordicBet: As its name suggests, this operator is focused on the Nordic sports betting market, and warmly welcomes Danish players. Unibet: Last but not least we recommend Unibet, a global brand, which offers a Danish platform. They also give new customers a competitive sign-up bonus where they match your deposit up to 1, DKK.
To keep the players away from such bookmakers, the Danish government has imposed measures that block access to those websites. However, despite their efforts, many Danish bettors do manage to bet at Asian bookmakers without any legal hassle.
One way is by creating an account at a betting brokerage such as BetInAsia or Sportmarket , which will give you access to a lot of bookmakers at once, including some Asian sportsbooks. Not only is sports betting legal in Denmark but the bettors are not required to pay any gambling tax.
This makes Denmark a perfect place for those looking to make some extra cash through value betting. La France dispose de nombreux sites de paris sportifs. Unibet est un excellent site de paris sportifs. All forms of sports betting are legal in Ireland. The first betting act came in , before the Gaming and Lotteries Act followed up in The best thing about sports betting in Ireland is that the Irish players have a big number of sportsbooks at their disposal.
There are many online bookmakers that accept Irish customers and many of those offer not only great bonuses, but also great odds. The bad news is that there are betting taxes for Irish citizens. The good news is that they are very low, and it has without a doubt decreased over the years. As an Irish punter, you can use a bunch of different bookmakers.
You can bet at many of the available bookies in the Trademate Sports software, send us a chat if you have any questions regarding bookmakers in your country! BoyleSports : As you probably already know, Boylesport together with Paddypower are the two most popular bookmakers in Ireland. The odds are not the best, and if you win a lot, they are unfortunately quick to limit you. William Hill : William Hill is one of the oldest bookmakers in the world, with a history of nearly years.
They have been doing business in Ireland for a long time, both as a land-based bookmaker and as an online operator. The have an easy website to navigate, and a great statistics section which will make it easier as a customer to do research before a game. There are several things you need to consider when choosing a bookmakers bonus for your sports betting adventure.
First of all, the bookmakers you pick all need to be licensed in your country. Secondly, they need to give away amazing welcome bonuses. Bet : Bet is one of the biggest sportsbook operators in the world. Not only does it accept players from Ireland, but it also gives them a welcome present. Ireland is actually one of the biggest losing countries per capita, when it comes to online betting. Nevertheless, you could say that sports betting in Ireland is extremely popular, so why not make a profit while doing it?
Check out how Value occurs in Sports Betting here. Online betting has been legal in Sweden since the Swedish Gambling Act was passed in This act regulates the online gaming landscape in this Scandinavian country, including everything from operating licenses to the betting tax. So far, more than 60 bookmakers have received the license that allows them to offer their services in Sweden. Swedish players can bet at any licensed online bookmaker, without any legal consequences.
This Matched Betting tool only works with legitimate bookmakers that carry real gambling licenses. You are allowed to bet at foreign bookmakers, however, there is a caveat — your winnings are subject to a betting tax. Such a thing does not exist with those bookmakers that are licensed in Sweden.
The same goes for Asian bookmakers, which are often used by Matched Bettors thanks to their attractive odds. There are plenty of online bookmakers based in the UK and the EU that you can use for this purpose. As a Swedish citizen there are a bunch of different bookmakers you can use, send us a chat if you have any questions regarding bookmakers in your country! Svenskaspel Oddset: The most used bookmaker in all of Sweden. They hold a monopoly in the same was as Norsk Tipping holds a monopoly in Norway.
The payment method is really easy, and the most important part, their odds are really high. Bet The biggest of all European bookies and the most visited one. Being the biggest they have a large selection of games, both pre-match and live betting, from numerous leagues and countries. The odds are not the best though, and if you win a lot, they are unfortunately quick to limit you.
You can use our Matched Betting software called Oddshero to turn over the Bet bonus for free! If you are a bettor from Sweden, here are a couple of online bookmakers that match all the criteria discussed previously:. Not only do Bet accept players from Sweden, but they also give them a welcome present. Betsson is one of the biggest sportsbook operators in the world. Not only does it accept players from Sweden, but they also give them a welcome present.
The same Swedish creators behind Betsson are the same people that created Mr. Sports betting is extremely popular in Sweden and definitely more popular than you think! Statistics say that every Swede over the age of 18, gamble away more than 2 SEK each year!
Anyways, you could say that sports betting in Sweden is insanely popular, so why not make a profit while doing it? Check out the similarities between sports betting and poker. Welcome to the second article in our series where we ask experts in the sports betting industry the questions you need answered! For article two, we opened up the debate on arguably the most important concept in betting, as we asked the question:. There are two types of value: subjective value and objective value.
However, this subjective value is completely reliant on your model spitting out a price more accurate than the market price. This perceived value may not be value at all! Finding objective value in betting markets goes back to my points from last week - having lots of bookmakers to play into better known as outs which allows shopping around for the best price.
This objective value is pure with no handicapping or opinions necessary. The ultimate goal is to beat the closing line by enough to overcome the bookmakers vig. Almost all of the successful tipsters we review and rate at the Smart Betting Club use the time-worn approach of judging value based on the odds of any bet versus the chance of it winning. For example, if you consistently take 5. The theory in itself is actually quite simple, yet in practice is where so many people fall down.
What do you know that is different to the bookmakers or exchanges where the combined input of so many has led to this bet being priced up at 4. Getting an edge is difficult, especially a sustainable one not based on picking off individual bookmaker pricing mistakes especially from those 'soft' firms who will quickly limit you if you do this too often and so this is why so many turn to betting tipsters who have this 'value betting' skill.
When we suggest a bet, we are not saying that the bet will win, we are saying that the odds you can get at a bookmaker are higher than the actual chances of that event happening according to our models. Converting this into odds would mean the fair odds for this team winning should be 6. That is finding value.
You can do this by comparing the odds you got to the Pinnacle closing odds or the Betfair SP price for horse racing. I suppose the easiest way to define it, is getting betting odds that you think are going to offer you a positive return on your investment. So for example, if I am getting 2. Then that is going to be value by my estimation. The harder part of finding value is getting to that estimation. Personally I use two ways to do this. The first being similar to the way the Trademate software estimates value.
So rather than relying on statistical data and being purely numbers driven, I put more emphasis on tape study and looking for fighter narratives that might be being overplayed. I think that the combat sports markets have some very specific traits. Such as fighters having such big time periods between fights and promotions of real fights sometimes being akin to pro wrestling WWE at times.
This has led to some very unbalanced betting odds in the past where the value was clearly on one side. Then subscribe to the Trademate Sports Podcast , where interview the most important people in the sports betting industry, along with the occasional chat about the EPL.
Here are the other questions we got our industry experts to answer:. Q3: How do you determine whether your betting results were caused by skill or luck? Check out Part 2 of our answers here , where we get the opinions of professional sports bettor - Spanky, tipster verification site - Smart Betting Club, betting blog - Daily25 and Smart Sports Trader - Ryan Bruno. When the true probability of an outcome is greater than the probability implied by the bookmaker's odds, you have found value.
The hard part is being able to find the true probability, or to be more specific; being better at it than the bookmaker, and better than other bettors whose attempts at trying to uncover the true probability are reflected in the bookmaker's odds. The size of value is easily quantified by:. Bookmaker's odds divided by true odds odds in decimal notation. And's all there is to it.
As a starting point, I would consider your assessed price vs market price. From there you should also consider the cost of the transaction, not only in the traditional sense but also more broadly. There are so many other factors that can impact the 'value' of placing the bet itself, some obvious and others not so obvious, depending on your skill level.
Two quick examples, one, buying a pick on the event this is rarely beneficial should be added to the transaction cost, and two, if it is a futures bet that is 6 months away from completion, do you want to tie your money up for that long? These two examples do not impact the assessed price vs market price analysis but should be part of your holistic thinking.
Value is always the difference between the true odds and the market odds. The true odds are only estimable, the market odds are on your computer. So the question becomes how do you estimate the true odds? Using the market itself is the easiest way; becoming a handicapping genius is the hard way.
But the hard way is the money, the glory and the fun, so there's that. Some of the time it could also translate to the closing line value, but not always. I define value as being a price at which I have a slight edge. So for example, if I were to take trades at a price of 2. We can also find value with a price less than 2. So essentially value for me is a price at which I am net profitable after taking a large sample size of trades. Welcome to our new article series where we ask experts in the sports betting industry the questions you need answered!
Q1: What are your Top 3 tips for sports betting beginners? Answers below! Check out Part 1 of our answers here , where we get the opinions of professional sports bettor Spanky, Smart Betting Club, Daily25 and football trader Alex Ong.
Don't bet what you can't afford to lose, because nearly all of you will lose in the long run. Become comfortable with probability, variance and the idea that most of what takes place in betting is chance, not your skill, over the short term individual results and even tens, hundreds and sometimes even thousands of results. Learn what value betting means and understand this is the only route to find long term expected profit, and hopefully actual profit too if you are not too unlucky.
Maximise your sign-up bonuses. If you don't have enough to maximise the bonus, wait until you do. Think carefully about the bonuses rules. You may have choices between bonus types at the same book. And to avoid unpleasant surprises, also think carefully about how to meet the bonuses terms and conditions.
Read the fine print. Sign up with probably at least 5 books so you can line shop and research which 5 books will give you the best line diversity. So now you need even more money to get properly started. Don't do this for more than beer money until you're ready to do it right.
Making air bets when you're new is fine. From the very beginning, make numbers. There are different ways to make lines, but there's no way to avoid making lines if you want to handicap, because making numbers is what handicapping is. Even if you're only guessing, of any given game, that the odds should be, roughly, or -3 points or whatever, make that guess.
Then compare your guess to the market odds. Then think about why you're wrong, because step 1 in beating the market is equaling the market, meaning that if you can't make a good estimate on what a game's line will be, you aren't ready to win. Be cautious: Be risk-averse at the beginning until you build a decent bank.
Focus on bonus offers, sure bets and the like. Educate yourself: Be curious, talk to people, try to learn as much as possible. Learn about the overround, expected return, drawdown, closing line value. Maybe read some of the good betting books out there. Try to calculate your own odds for a certain game as an exercise. Have fun with it: You can make good money with sports betting if you do it right, as with most things.
Check out Part 1 of our answers here, where we get the opinions of professional sports bettor Spanky, Smart Betting Club, Daily25 and football trader Alex Ong. Get as many outliers as possible. Line shopping is the easiest, yet most effective tool to maximise your edge. Learn the value of a half point for every sport you plan to bet.
This will make line shopping that much more valuable. Set aside a gambling bankroll. If an outcome of one event affects your life in any way, you are betting too much. First of all it is hugely important to spend time educating yourself on some key betting concepts such as how value betting works, betting banks and the psychology of being a winning punter.
I call it getting the fundamentals in place and understanding both the theoretical knowledge of what it takes to win and the practical application of how to put it into practice. Many of these topics are not complex but do sometimes require a realignment of how you mentally approach betting and of course a little bit of time reading all of it and getting set up.
As ever - the more time you put into something, the more you will get out of it. There are no shortcuts to success. I would also highly recommend keeping a diligent record of all the bets you place as without this you will have no idea on your performance levels, nor be able to explore it for any areas of strength and weakness. Something that is absolutely crucial is giving yourself time to make your betting a success. In today's age of instant gratification and short attention spans this can be a real challenge for many but there is no substitute for patience.
Variance and losing runs can hit at any time, so you just have to be patient when they do, ride them out and give your methods and strategies time to showcase a profit. The worst thing you can do is quit after just a few weeks or at the first sign of a bad run and go from an out of form tipster to an in-form one.
Track every bet: This gives you the ability to see what is working and what isn't. Also, compare those bets to the pinnacle closing line. It was the most important step in making a profit for me, which I started on my own site, it makes it easy to track your bets. No matter how good you are, you will have losing runs that are likely to ruin you mentally more than financially.
These philosophies have stood the test of time over years and the letters from Seneca feel like he is writing to you today. Think in percentages. Give odds to everything. If you make a statement, be ready to back it up with odds and money.
This will help you spot value in the future. Head over to YouTube and check out our interview we did with Alex Ong. To answer this I am going to draw on my financial trading background and experience. A betting beginner needs to get their head around probabilities and their edge will realistically play out in real time.
Take a coin toss as an example. So in theory if we toss the coin 10 times we should see 5 heads and 5 tails. Because if you take a small sample size of anything, you will see a random distribution. However the larger the sample size gets, the more you will see the probabilities play out. The more bets you take with a solid system the more likely you are to see your edge play out. Focus on one market and something that you are familiar with.
I see it a lot, that when people come to the betting markets, they try to dabble in everything, some horses today, tennis tomorrow and football at the weekend. If you want to be successful, I really feel you should start by specialising in something that you can relate to, and then you can slowly branch out. Finally, I would have to say to give it time. Give yourself at least 6 months before you make a judgement on whether betting is for you or not.
So in summary, probabilities, specialisation and time. If you can focus on just these three areas I think you will put yourself in a good place to be successful in the long run. Sports Betting has become one of the the most popular form of gambling there is. A big part of that is because it gives great entertainment value, or for a smaller percentage of people, it gives another source of income.
However, the rules around sports betting and trading is different from country to country. In some countries it might even be different depending on where you live! Here is a quick rundown of how to do sports betting and trading in your country. Sports betting and gambling have been in the UK culture for centuries, the first lottery in England came alive as early as !
But it took years after the first lottery for the first betting law to arrive. The Betting and Gambling Act came in and they allowed commercial bingo halls to serve in the UK for the first time. After the legalisation, a series of events followed up quickly. Betting shops were legalised and 10, new shops had opened only 6 months later. Read the full article here. There are numerous state licensed bookmakers and sportsbooks in operations in Australia today that offer sports betting.
Yes, you read correctly, it is illegal to offer in-play betting to Australian residents! This is without a doubt the worst betting rule in Australia, and from which very obvious reasons any bookmaker tries to change. However, it is highly regulated. There are only two state-owned companies that hold licenses for legal gambling and that is Norsk Tipping and Norsk Rikstoto.
These two companies are the only two companies that can offer e. Betting on the internet, however, is a whole other case! The most recent law from says that there is no problem betting over the internet, as long as they are located in another country. But when it comes to the USA, the short version of this question would be, yes and no. In May 14, , the supreme court of the USA lifted the long lasting federal ban on sports betting.
This means that sports betting in theory is legal, but that is only if your state allows it! Yeah we know, it sounds complicated, but bear with us. Sports such as ice hockey, curling, football, soccer and basketball are popular entertainment in Canada, and the citizens are no strangers to placing money on their favorite teams. Just like any other country, Canada has its own set of laws concerning online sports betting that all citizens must follow.
Keen on some great reading stuff? Check out top 10 people who got rich on sports betting here! Also, check out top 10 celebrities and sportsmen who are also sports bettors here! In addition to the mentioned states above, it has been voted over and is about to be legal in the following states: Colorado expected May, , Tennessee expected in mid and Washington D.
Then we have 2 states where sports betting in general is illegal, but it still offers a so-called Class III gaming act, which means that games that are played in casinos roulette, blackjack etc. These 2 states are Washington and New Mexico, this means online sports betting is illegal, but the casinos in both states offer some legal Sportsbooks which you can play on. Even though sports betting is legal in many states, and probably going to be legal in the rest of them some day in the future, there is some bad news regarding sports betting and gambling in USA.
Gambling income is almost always taxable income! The same rule applies if you ever win a non-cash price. However, there are some loopholes. There is a lot to take into considerations when deciding which bookmakers to use, such as the bookmakers margin , the customer service, the welcome bonus and so on. Even though sports betting is very strict in the United States, we still support many US legal bookmakers, send us a message in the chat if you have any questions regarding bookmakers in your state!
Being the biggest they have a large selection of games from numerous leagues and countries. Their odds are not the best though, and if you win a lot, they are unfortunately quick to limit you. William Hill: Maybe the oldest one on the list, William Hill has been a part of the British gambling industry for around 80 years. An easy website to navigate and has a great statistical section which will make it easier as a customer to do research before a game.
The website is easy to understand and navigate around. Note: Be aware that there have been people complaining of 5Dimes voiding winning bets and other dubious activities, so proceed with caution. There are several things you need to consider when choosing a bookmaker bonus for your sports betting adventure. If you are a bettor from USA, here are a couple of online bookmakers that match all the criteria discussed previously:.
Not only does it accept players from USA, but it also gives them a welcome present. Sports betting has become extremely popular in the USA. The biggest sports betting state in USA, yes you guessed it, is Nevada. Nevertheless, you could say that sports betting in the USA is extremely popular, so why not make a profit while doing it?
Check out how to exploit arbitrage opportunities in sports trading and the stock market here. The short version, yes, sports betting is legal in Australia! Other than that, the only other two laws that applies to every Aussie that wants to bet online, is: 1. You must be over 18 years of age, and 2. That every bookmaker or operator you play on must be able to identify and receive reasonable proof from their customers this law is more directed towards the different bookmakers.
The good news about betting taxes in Australia is the fact that there are none. Which means that whenever Aussies are betting through foreign betting sites which they normally do , they might have to pay a transaction fee when depositing or withdrawing money. As an Australian citizen there is a bunch of different bookmakers you can use, send us a chat if you have any questions regarding bookmakers in your country!
The easiest website to navigate around with so far and has a great statistic section which will make it easier as a customer to do research before a game. Same as with Bet, they have a large selection of games from multiple leagues and nations, even though Bet is slightly bigger.
The website is easy to understand and navigate around, the odds are also quite good, and in many cases better than with Bet If you are a bettor from Australia, here are a couple of online bookmakers that match all the criteria discussed previously:. Not only does it accept players from Australia, but it also gives them a welcome present.
Betfair is perhaps the most famous name in sports betting, thanks to their market leading betting exchange, however, they are also one of the best sportsbooks currently in operation. Sports betting is extremely popular in Australia, data from says that 6. Nevertheless, you could say that sports betting in the Australia is extremely popular, so why not make a profit while doing it?
The new gambling law made restrictions on how betting sites could conduct and advertise offshore gambling services in the UK. This rule got even more strict in , which stated that every betting company that was offering their services in the UK, need to have a UKGC license. But what does really all these rules and laws mean? Basically what it all means, is that sports betting in UK is completely legal. Regarding betting, taxes have been a never-ending question which people never seem to fully understand.
So, does that mean that you have to pay taxes of your winnings? Not at all! Betting is entirely tax-free in the UK, so you can bet as much as possible without thinking about any complicated tax rules. So, how does the UK government make so much money if every winning is tax free? They will for example offer lower odds on the games, to give a bigger margin for themselves. There is no difference between a professional or amateur sports bettor, every winning is entirely tax free no matter what!
As a UK citizen there is a bunch of different bookmakers you can use, here is a list of some of them:. And yes, of course Trademate Sports covers every single one of them. The website is an absolute gem and is really easy to navigate around.
Good customer service and a good app, banking however can be slow and sometimes annoying. The website is easy to understand and navigate around, the odds are also quite good, and in many cases better than Bet Ladbrokes: One of the oldest bookmakers on the list, founded in they have made a rock-solid reputation for themselves. You can bet on a bunch of different leagues and nationalities, and they have broad options on their games. The startup bonus is very standard, and we find the red-looking website rather hard to navigate around on.
They have fewer payout options than many other betting sites, but offer the most important ones, such as PayPal, Visa and Skrill. If you are a bettor from the UK, here are a couple of online bookmakers that match all the criteria discussed previously:. You can turn over the bonus for free with a Matched Betting software called Oddshero. They use the same odds as Unibet, which all value bettors know gives away a lot of value betting opportunities.
Betfair : Betfair are more commonly known for their betting exchange, but they also have a regular sports book. Betsson : Next on the list is actually a Swedish bookie! But it might not be so weird that so many Brits are betting when you think of the fact that there is more than 8, betting shops in the entire UK. Nevertheless, you could say that sports betting in the UK is extremely popular, so why not make a profit while doing it?
Check out the similarities between sports betting and poker here. The Legality of Sports Betting in Canada The situation regarding gambling laws in Canada is pretty complex, with some regulations being more than years old. Betting Taxes in Canada The vast majority of Canadian sports bettors will never pay a cent in income tax on their winnings.
Best Bookmakers to Use in Canada At the moment, there are more than online bookmakers that have a license in Canada. Bet Bet is an online bookmaker famous around the world. Others These three are just the tip of the iceberg of bookmakers currently available for Canadian sports bettors. Betting at Asian Sportsbooks One way to take advantage of the Asian bookies is by creating an account at a betting brokerage such as Sportmarket , which will give you access to several bookmakers at once.
Conclusion There are great opportunities to earn good money on sports betting while based in Canada. Email Address. Sign Up. Betting Taxes in Spain There have been interesting developments in the area of gambling taxation in the recent years. William Hill One of the most famous names in the world of sports betting, William Hill is also one of the biggest names in the Spanish market.
Betfair Sportsbook Thanks to their market leading betting exchange, betfair is also another big name in the sports betting world. Betting at Asian Sportsbooks One way to explore the Asian bookies is by creating an account at a betting brokerage such as Sportmarket , which will give you access to several bookmakers at once.
Conclusion There are great opportunities to earn good money on sports betting while based in Spain. Try trademate. Tipico Tipico is a popular bookmaker in Germany, also acting as a sponsor of Bayern Munich. Betfair Sportsbook Another bookmaker that has taken the tax burden upon themself is Betfair! Bwin Bwin is another sportsbook with links to Bayern Munich. Interwetten Founded in in Vienna, Austria, Interwetten is a bookmaker focused on the German market.
Betway Last but not least, we recommend using Betway, which is famous for being fair and user-friendly. Betting at Asian Sportsbooks There are no limitations on betting at sharp sportsbooks, as long as they accept German players.
The Legality of Sports Betting in the Netherlands The legal landscape is constantly evolving with the Dutch government passing a bill which prepares for a license system starting in Best Bookmakers to Use in the Netherlands As mentioned earlier, the gambling laws in the Netherlands are such that you practically have the freedom to pick any online bookmaker you want.
Bwin Bwin is a real giant of European gambling, and a bookmaker that millions of bettors trust. Bet Bet is one of the biggest sportsbook operators in the world. Others The list of Dutch-friendly bookmakers is long. Betting at Asian Sportsbooks One way to explore the Asian bookies is by creating an account at a betting brokerage such as Sportmarket , which will give you access to a lot of bookmakers at once.
Conclusion Although the Dutch government is working on new legislation regarding the gambling market, the new regulations will mostly affect the bookmakers, allowing the players to keep enjoying the good services of offshore operators. Try trademate for free. For example, imagine that two teams, Team A and Team B, are facing each other. Team A may have odds of In this case, Team B is favored to win. Just like in the moneyline bet, the negative sign before the number indicates who is expected to win.
The number represents the expected margin of victory. That means they need to win the game by 23 points or more. If you bet on Team A, that means they can lose by 22 points or less, or win the game, and you still win your bet.
If, during the actual game, the margin of victory lands exactly on the spread, it is called a push or a tie, and no one wins the bet. Point spreads will also have moneyline odds attached. Just like in a moneyline bet, this number indicates what the payout will be in the case of a win. For example, the spread and odds for Team B might be This means that Team B is favored to win by more than That means that you are looking at whether the combined score of both sides will go over or under a set number.
For example, the sportsbook might set the total at 66 for a college football game. This means that they predict that the two teams will score a combined total of 66 points. You will then place a wager on whether the actual combined score will be over or under that amount.
If you think that one or both teams has a particularly strong offense and it will be a high-scoring affair, you would bet over. If you think it will be a defensive struggle, ending in very low scores on both or either side, then you would bet under. If the final score is something like , then the combined score would be 84, meaning the game is an over. If the final score is something like , making the combined score 65, then it is an under. Sometimes, the combined scores will land right on the total.
In our example, if the score ended up being something like , then the combined score would be 66, exactly the predicted total. This situation is called a push or a tie. In these cases, no one wins the bet, and you would simply get your money back. To avoid these situations, sportsbooks will often set the total at a half number, like This way, if the final combined score was 66, it would be an under, and a 67 would be an over.
While moneylines, point spreads, and totals generally focus on the short term and specific matches, futures are long-term betting odds. They focus on events that will happen further down the line—in the future. There are some benefits and some risks associated with betting on futures. If you win, you can earn a hefty payout. On the flip side, however, your money is locked up for a long period of time. During that time, a lot of things can go wrong.
If you bet on a particular team to win the championship and one of their star players is injured, suddenly their prospects of winning do not look quite as good. Sometimes, the team may just hit a slump partway through the season and lose a lot of valuable momentum. In this kind of bet, the odds are set at the beginning of the season, but they can go up or down as time goes on.
Once you make your bet, however, it is locked in at whatever the odds were at the time you placed the bet.
These few fundamentals of sports betting success will act as a map in your journey for sports betting success. Like with all skills, sports betting requires hard work and commitment in order to get to a high level. These principles will offer you the theory needed to lay a solid foundation for your your betting venture. Being disciplined with your handling of stakes is crucial if you wish for your betting venture to last. Betting is addicting and as a result can lead to users making miscalculated decisions.
Activities such as setting a weekly budget, setting a stake cap and a total limit of how many bets you may place will not only reduce your deposits but force users to only make bets when they truly believe the outcome will happen.
Sports you follow on a regular basis for no financial gain are the sports you have the best understanding of. You will have an understanding of the sport which pre-match statistics and punditry will not get you, allowing yourself to be better equipped to spot opportunities. Sport is too complex to base your decisions simply on numbers, so years of following a sport is priceless. In my opinion, emotionless self-criticism is one of the most lacking attributes in people today.
The ability to self-reflect and realise your wrong doings and becoming better off for it. Keeping a record of your bets is paramount as it allows punters to analyse where they are going wrong and where they should be redirecting their efforts to maximise their profits. Like this, users may restrategise their approach with extensive knowledge of their past shortcomings. We live in a world where everyone wants everything instantly.
Unfortunately, this will never be the case for sports bettors. Short-term thinking will never be profitable than long-term in anything. Enjoy small wins, enjoy building up to your big win rather than hoping for a big win to happen straight away. Be patient. Going one your betting platform to check the odds without a clue of what you will be betting on is dangerous thing to do. Reason being is that you are putting yourself in a position for your line of thinking to be swayed by the temptation of odds.
Wait for your hunch to hit you, then make your way to the bookies. Sports betting is a hugely competitive market, with hundreds of billions placed in bets annually. With this competition comes the need for bookmakers to differentiate themselves from one another. Therefore, bookmaker offer different benefits in different markets in order to offer unique benefits. This is fantastic for punters as with multiple accounts, one can take advantage of different opportunities offered by different bookmakers.
How Much Do You Make? How Are Totals Made? Better to Bet. How to Calculate Juice 3. Is There Juice on Moneylines? Is There Juice on Futures? How to Remove Juice? Rollover Definition 2. Examples 3. Different Books, Different Rules 4. Checking on Status of Rollovers Sportsbooks offer attractive deposit bonuses, which bettors should certainly take advantage. How to Read American Odds 2. American Odds in Spreads vs.
Moneylines 3. How to Calculate Payouts That little. Teaser Examples 2. Is a Teaser a Good Bet? How to Place a Teaser Bet 4. Different Types of Teasers 5. General Teaser Rules 4. What Does Buying Points Mean? The Cost of Buying a Half Point 3.
The Cost of Buying a Half Point 3. Should You Buy Points? Two customers agree on the odds and. It might feel easier to bet at one sportsbook. Your money is all in one place, and you know exactly where to go to find what you want to bet. Have you ever heard someone reference this mysterious betting market? Their language may sound something like… What does the betting market think of this game? I might try to.
When you look at futures odds for an event like the Super Bowl, you see all 32 teams at plus-money and some at longshot prices. Have you ever gone to a sportsbook and had trouble finding a game you wanted to wager on? If so, the first thing you should always do is look for. Success Rate Definition Success rate is an advanced metric in football that measures. Arbitrage Definition An arbitrage in sports betting is when a bettor makes multiple bets on the. Everybody bets the NFL.
Yes, even your dentist. Sports Betting. Best Books. How to Bet on Sports. Sportsbook Reviews. Sports Betting Calculators. How to Bet On Sports. Betting Education. For instance, in baseball and hockey, most sports betting is done by the money lines.
In basketball and football, most bets usually pertain to the point spreads. We will also tell you how to figure out implied win rates and lines no-juice lines. Lines written in this fashion may seem counterintuitive to many beginners, largely because positive numbers actually indicate which team is expected to lose, whereas negative numbers signify that the team in question is favored by the sportsbook.
As you can see, reading decimal lines can actually be faster than reading American lines once you understand the numbers. If you ever want to convert the lines from American to decimal or vice versa, the formula is rather simple. If you are looking at a favored number, the equation is slightly similar but you reverse the position of the line.
So rather than dividing into the line, you divide the negative line number into It actually comes out to 1. You can also convert lines in the other direction. To convert the 2. Note that you will know when you are doing the conversion for an underdog, because it will always be greater than 2. When numbers are less than 2, you know that they are for favored teams. In these cases, you want to subtract one from the decimal line and divide the number into Note that this is not actually the exact outcome of the equation, but it can be hard to get precise numbers when converting favored teams.
You will usually have to approximate. An implied win rate is a percentage that gives you an idea of just how much the sportsbook has favored one team over the other. This is the result of the juice that we mentioned earlier, which ensures that the sportsbooks will make a profit. For favored teams, forget that the line is negative. Treat it as a positive number, add it to , and divide that number into the value for the line.
It is much easier to figure out implied win rates for decimal lines. All you have to do, whether you are looking at the underdog or the favored team, is divide the line into 1. So, for our example lines of 2. If you use the approximation of 1. As we have said above, the juice is how sportsbooks ensure that they will profit from sports betting, which means that implied win rates are imperfect as long as juice is factored in.
To figure out the no-juice lines, you will first have to follow the steps above to find the implied win rates. So, using our examples of In other words,. To get the actual no-juice line, you multiply this number by , subtract their sum from , and divide the whole thing by the no-juice percentage. In other words, — [ x. Again, you will be adding the implied win rates, this time dividing them into the win rate for the favored team.
This gives you. Then, figure out the revised money line by subtracting this number from 1, and then dividing that into the result of the no-juice percentage multiplied by This gives you x. If you want to do this with decimal lines, you follow the same first step for each to find no-juice percentages. We have already given you these for our example numbers, at values of As you can see, the decimal lines are still pretty different, but the American lines are almost identical without juice.
This underscores the fact that sportsbooks tend to ensure their income through the money they charge on the juice for bets on favored teams. The following are some of the most common types of wagers. You will especially be betting on money lines if you prefer to bet on baseball or hockey. In basketball and football, it is generally only common to bet on money lines if you are betting on the underdog, as money lines for each of those two sports tend to be rather high and charge a lot of juice on favored teams.
When you bet on the money lines, literally all you are betting on is whether or not a particular team is going to win the game. You will also see money lines on other types of bets, as a means of telling you the payout for each one. These are not the most common type of wager, but they occur with relative frequency in all major sports.
All that matters is the total between them. So in a game between two teams in which the given total is , you might bet under if you expect a low-scoring game in which neither team clears points. You might also bet over if you expect both teams to score well over , or even if you just expect one team to score enough to clear the difference.
If, however, the above game results in a combined score of , the game will result in what is known as a push. This means that nobody wins, and all of the money is refunded. Sometimes, sportsbooks will try to prevent this from happening by setting totals numbers with half-points on the end. The point spread will always be the same number for each team, and again the positive number will denote which team is the underdog while the negative number indicates the favorites.
The money lines for each team, however, may differ slightly. Point spreads are the most common type of bet for basketball and football games. The way point spreads work is that the favored team has to win by more points than indicated by the spread, while the underdog has to either win the game or else simply lose by fewer points than indicated by the spread. Since there are technically more outcomes that will allow the underdog to beat the spread, you will sometimes see more juice charged on the underdog when you are betting on point spreads.
A sportsbook with these odds is expecting Golden State to win, but they are slightly favoring the Cavs to beat the spread and are therefore collecting more juice on those bets. Also note in the above example that the point spread is given a half-point, meaning that Cleveland must lose by 12 or less or else win the game , while the Warriors have to win by 13 or more.
A push in regards to point spreads is when the difference between the two scores is exactly the same number as the number listed for the point spread, similar to its definition in totals play. It is not too difficult to understand why many sportsbooks prefer to use half-points to prevent this from happening.
Parlays are similar to betting point spreads, but in this case you are betting on more than one game at the same time. The first thing you need to know is that they are incredibly risky, since losing any one of the games that you add to your parlay results in a loss on the whole thing. The reason that some people like to bet parlays is that the odds appear to be greater. The money line for a parlay will usually be determined by taking each of the decimal lines for the teams that you have wagered on, multiplying them by one another, and converting them to the appropriate money line.
However, they do not always work this way, and each sportsbook may vary in how they arrive at their given payout. Many, for instance, will ignore the money lines for each team in the parlay and simply set their odds according to how many teams are included. Also note that many sportsbooks will offer teasers , parlays in which the spreads have been altered to make them easier to beat.
However, the payout on such bets is usually far less than it would be for a standard parlay, and the odds of winning every bet included in the parlay are still rather low. There are other bets that we have not covered in detail, such as futures , prop bets , and more. However, they may simply lead up to smaller championships, usually with a slightly smaller payout.
Proposition bets, or prop bets, are generally bets on specific stats. There is an immense variation in which prop bets might be offered at various sportsbooks. These bets are not necessarily too common for beginners, although they can certainly be fun in moderation. The odds of winning prop bets will depend upon the nature of the prop bets themselves, so be sure not to overdo them and only make use of prop bets at your utmost discretion.
This covers most major types of bets, and should certainly get you through the basics of what you need to know. Any information you are looking for that is not covered by the above regarding various types of wagers will likely fall far outside the purview of a beginners guide to sports betting such as this one.
But who are the people setting these lines in the first place? More importantly, just how do they operate? Well, usually, sportsbooks will open their lines fairly early. Things start to change, however, as more and more bettors make their plays.
As we have mentioned before, the oddsmakers have to make sure that approximately equal numbers of bettors are betting on each side of the line if they want to make sure that they make a solid profit from the juice. As bettors make their plays at the sportsbooks, the bookmakers look to see which side is getting more bets and adjust the lines to try and lure more bettors into betting on the side that has been neglected by comparison.
Once the sportsbooks begin to achieve a balance between bets on each sides of the lines, they will likely start to raise the betting limits. Of course, not every sportsbook will follow this exact same strategy. Some sportsbooks might not alter their lines too much, while some may try to influence bets to lean toward one side rather than trying to strike a balance.
It all depends upon the goals of the bookmakers and how they think they are likely to make more money. Some will also engage in a practice called shading, which is basically inflating the value of the team they expect to be more popular with bettors. There are a lot of chalk players out there, bettors who will only wager on teams that are favored by the sportsbooks. These types of bettors make it easy for sportsbooks to shade their lines, because they know that these players will pay the extra juice for the promise of reduced winnings, rather than taking a chance on the underdog.
It should be clear by now that the sportsbooks have it figured out in terms of how they can be most profitable. Your profits may start small, but will grow into something bigger over time. We already told you about chalk players in the section above, and you might notice that the way we described them kind of made them sound like fodder for the sportsbooks.
Now, do you think that they would have sounded that way if they were constantly just rolling in the dough? There is no such thing as a set winner, and you may notice that the decimal lines we gave you when we were looking at no-juice lines in the above sections were much closer than the decimal lines we gave before factoring out the vigorish. Some sites that specialize in giving advice to those with an interest in sports betting have suggested tracking your plays for as much as a full year before deciding whether or not you think you have the edge that it takes to be a profitable sports bettor.
To be a truly profitable sports bettor, you have to check a few things when tracking your picks. First of all, you want to see how your picks fare in comparison to the opening lines set by the sportsbooks, not just the closing lines. Bear in mind that the lines shift over time, so the opening lines are more indicative of what the sportsbook was actually expecting from each team. When tracking your bets, there are a few more specific stats you will want to note. The first is your ROI, or return on investment.
Divide your profits on a bet by the amount you put into it, and you will see about how much you are making on an average play. You will want to look at your ROI for individual wins, but you also want to see the profit you have made over time compared to how much money you have put forth in general since you began your foray into sports betting. You also want to see how often you are beating the closing line. Do not just look at how often you have beat the closing line, but also figure out the average for how many times you have beaten it compared to how many times you have wagered.
You may not fully understand this as a beginner, but the frequency with which a handicapper is able to beat the closing line is a reflection on their skill level, as it is unlikely that they are beating the closing line often by sheer luck alone. Some will give you other useful stats such as your Z score, which predicts your possible rate of success in the future.
You definitely want a service that offers this stat. Another stat that should be offered by the service you choose to utilize is R-squared. It is a bit difficult to explain mathematically, but basically you are looking at consistency.