Online Betting Basics for Beginners

Time Of Info By TOI Desk Report   January 31, 2024   Update on : January 31, 2024

Alberta Sports Betting

Suppose you open a bookmaker site for the first time. Everything seems complicated, and you have no idea how to select markets, place wagers, and check the results. Let’s review the key terms and aspects of sports predicting to wrap your head around the betting sphere.

What are Sports Markets?

In a nutshell, markets are various categories of stakes available for a particular competition. The diversity of these prediction types depends on a specific discipline, the kind of wagering (pre-match or after the starting whistle), and the match’s prestige. For instance, you’ll find over 600-800 available markets for UEFA Champions League on In contrast, less popular competitions, like Saudi Arabia 1st Division, come with 200 or fewer bet variants. 

In general, most bookies provide customers with these markets:

  • Results (a particular winner or draw);
  • Double Chance (more risky wager implying two predictions in one stake);
  • Handicap (you predict if a team will overcome an established deficit);
  • Totals (guess whether opponents score more/fewer points/goals than the bookmaker has set);
  • Correct Score (for the entire event or its parts);
  • Additional wagers (penalties, goal scorer, or disqualification).

Newcomers usually stick to the simplest predictions, such as exact results or double chances. Gradually, you’ll boost your skills and profoundness to select exotic markets or guess what opponent scores the third goal, for instance. 

How do You Place a Wager

Most bookies’ sites are designed identically, so the betting process looks similar. To place your first prediction, you should:

  1. Open the Live or Pre-Match section. The former provides a more immersive experience and requires fast reaction speed to make decisions, given what happens on the field. The latter comes with higher odds and allows you to consider a strategy in advance.
  2. Select a discipline and pick a particular event. On the match’s page, look through available betting variants and corresponding odds.
  3. Find a market matching your assumptions and click on its coefficients.

After that, you’ll see a bet slip on the screen. Indicate your stake amount and proceed with the payment. You can add more than one outcome to your coupon for different matches and change your stake type in the bet slip. These wager variants are the most widespread:

  • Single — one suggestion;
  • Accumulator (Multi) — two or more predictions that must all win;
  • System — 3+ choices, most of which must succeed for your win.

All wagers are stored in your account, and you can always monitor their progress. Once a competition is over, you’ll be able to see if your choice was successful in the Bet History or any similar section. 

Bonuses for New Punters 

Breathtaking rewards help beginners delve into the betting world with extra profit and confidence. Reliable bookmakers provide visitors with several incentive types:

  • Cash bonuses on first replenishment — frequently match the deposit amount (50%, 100%, 150%);
  • Free bets — get a deposit or no-deposit wager for a fixed amount.

When sign-up proposals are exhausted, you can activate more attractive deals. Many platforms shower customers with cashback, express bonuses, and VIP rewards. ​​​​​​​


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