Your Guide to Starting Online Sports Betting the Right Way in 2024

Dive into one of the most immersive and recognizable forms of online gambling from the comfort of your home. Discover the ins and outs of online sports betting, a plethora of handy tips, a breakdown of betting types, a selection of potential games, various useful tricks, and the best way to jump into the action today!

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BetiBet Sports
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Up to $1800 on your first 2 deposits

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Top Pick
Approved Approved
Favorite
Hot
New
BetiBet Sports
9.8

Up to $1800 on your first 2 deposits

18+ Only, T&C Apply.
Payout Speed
1 hour
Benefits

Live Streaming available.

Friendly customer support by live chat.

Quick payouts offered.

Accepts cryptocurrencies.

Instant play games available.

Great mobile website.

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In This Guide

Sports

Overview

Sports are a part of our everyday lives regardless of where we are or what we are doing. There is always a radio broadcast announcing sporting events, a coworker giving their take on the latest soccer match, or simple graffiti proclaiming that its team is the best around. It is, therefore, no wonder that sports betting is an integral part of our culture, especially in an age where accessing gambling is as easy as loading up a website. We invite you on this riveting journey through the world of online sports betting so that you can see how to partake in an unforgettable gambling experience today.

Why Online Sports Betting?

Deciding to partake in online sports betting is a big decision, especially if you are unfamiliar with the world of online gambling and just want to add some extra spice to your sports entertainment. We invite you to check out the following reasons that most punters list as what tipped the scales for them:

  • Variety of markets - Online sportsbooks offer considerably more betting markets and aspects than conventional real-life vendors. You can bet on various events, games, scores, player performances, and more.
  • Live betting - You can enjoy the unique experience of betting during a game or event. These live or in-play bets are the perfect way to utilize real-time events and their opportunities.
  • Convenience - You do not have to travel to a stadium or other physical venue since all sports betting transactions and interactions are online. This means that you can enjoy them from the comfort of your home and the convenience of your favorite Windows, MacOS, Android, or iOS device.
  • Promotions and bonuses - Online sportsbooks offer various promotions, bonuses, and incentives to both new and existing players. These vary greatly, with the most common ones being deposit matching bonuses, reload bonuses, free bets, and even cashbacks.
  • Accessibility of information - Online sportsbooks provide you with statistical and analytical information that can help you make informed and educated decisions. Note that these statistics are created by experts and industry insiders.
  • Use of knowledge - Sports betting is not like slots or roulette, as it requires an in-depth understanding of the associated sport and its competitors. A knowledgeable sports fan can make more informed decisions than somebody who just places random wagers.

Alternative Online Sports Betting Styles

Modern punters have the unique freedom to bet wherever and whenever they please. However, sitting behind a desktop PC and clicking away at buttons is slowly becoming a thing of the past. The industry has been witnessing a sharp transition to mobile gaming, with AR, VR, crypto, and AI making considerable headway. Check out the latest and greatest alternative sports betting styles:

  • Virtual reality (VR) - Some venues are VR-oriented, which means that you can use the entire UI from the immersive atmosphere of your VR headset. What is more, the live sports streams that operators offer can be viewed in a VR environment.
  • Augmented reality (AR) - The main difference between AR and VR is that AR retains some of your real-life environment, which means that you see the world around you while using a segment as your virtual playground. This can be very handy when multitasking, such as cooking whilst watching a live stream right above your stove.
  • Mobile sports betting - You can bet on sports from the convenience of your mobile phone or tablet. There is support for both Android and iOS devices, with some sportsbooks even offering dedicated apps.
  • Social betting platforms - Certain sports betting platforms have integrated social features, such as shared bets, strategies, and community experiences. Social sports betting is especially fun when done with friends. Things get even more exciting when you face off in challenges and on leaderboards.
  • Blockchain and crypto - The blockchain is infamous for its transparency. You cannot hide anything from the diligent bookkeeping of the blockchain. This means that you can view each transaction and gaming outcome. What is more, sportsbooks offer support for various cryptocurrencies that offer transactions of the future.
  • Artificial intelligence (AI) sports betting - You can use various AI-powered tools for analytics and risk accession. An AI will recognize patterns and evaluate information better than any human.

Your Odds

The actual odds of your wagers depend entirely on the events that are taking or have taken place. These include everything from the weather to the personal events of athletes and clubs. However, sports betting options feature various odds formats, whose definitions you should be aware of. The most common ones include:

  • Fractional odds - A very common way of displaying odds with simple fractions, such as 2/1 or 5/2. The first number (the numerator) represents the potential profit, while the second (the denominator) represents the amount wagered. If you bet AU$100 on 2/1 odds, you potentially profit AU$200 on top of your AU$100 bet.
  • Decimal odds - A pleasant alternative to the fractional format is the decimal format, such as 2.00 or 3.50. The potential profit is calculated by multiplying the best amount by the decimal odds. If you bet AU$100 on 3.00 odds, you can receive AU$300 in total.
  • American odds (Moneyline odds) - An interesting format that uses positive and negative numbers, such as +200 or -150. Positive odds indicate a potential profit on an AU$100 bet, while negative odds indicate the amount you need to wager in order to potentially win AU$100.
  • Implied probability - This is more of a calculation system that is derived from odds. It can be calculated by dividing 1 by the odds and multiplying by 100 to get a percentage. If your odds are 2.00 or +100, the implied probability is 50%.
  • Hong Kong odds - An Asian format that uses decimals with a slightly different interpretation, such as 1.00 being even money. If you, for example, have odds of 1.90, an AU$100 bet results in a potential AU$90 profit.

Your Betting Options

Different online sports betting markets and environments offer a myriad of amazing betting options. The most common ones that you are destined to encounter on your online sports gambling adventures include:

  • Moneyline betting - You bet on the outright winner of an event or game.
  • Spread betting (point spread or handicap betting) - You bet on the margin of victory or defeat, with a handicap applied to one of the teams.
  • Totals (over/under) - You bet on the total number of points, goals, or runs scored in a game.
  • Parlay betting - You combine multiple individual bets into a single wager. All of your choices have to be correct in order for a parlay to win.
  • Teasers - Quite similar to parlay betting, with the main difference being that bettors can adjust the point spread or totals.
  • Futures betting - You can bet on the outcome of a future event, such as the winner of a league or championship.
  • Proposition betting (props) - You can bet on specific events or occurrences within a game, often unrelated to the final outcome.
  • In-play or live betting - You bet on a game or event while it is still taking place.
  • Asian handicap betting - An interesting take on spread betting that eliminates the possibility of a draw by handicapping both teams.
  • Combination bets (system bets) - You place multiple bets on a set of selections that feature different combinations and accumulators.

Online Sports Betting Choices

The world of online sports betting is vast and filled with exhilarating betting opportunities. New options are popping up on a daily basis. Here are a few interesting sports betting options that you might be interested in:

  • Football (Soccer)
  • American Football
  • Basketball
  • Baseball
  • Hockey
  • Tennis
  • Golf
  • Cricket
  • Rugby
  • Motor Racing (Formula 1, NASCAR, MotoGP)
  • Combat Sports (Boxing, MMA)
  • Horse Racing
  • Cycling
  • Athletics
  • Esports
  • Powerlifting
  • Curling
  • Lacrosse
  • Volleyball
  • Badminton
  • Darts
  • Snooker
  • Winter Sports (Skiing, Ice Hockey)
  • Extreme Sports (X Games)
  • Water Sports (Swimming, Sailing, Surfing)
  • Esports (League of Legends, Dota 2, CS:GO)
  • Olympic Games (Summer and Winter)
  • Special Events (Elections, Entertainment Awards)

Sports Betting Tips

Online sports betting is incredibly exciting and enjoyable, especially if you are a huge sports fan. However, there are a few tips and tricks that you can use to take your online sports betting to the next level. The most important ones include:

Kicking Your Sports Betting Off

We are sure that you are eager to jump into the world of online sports betting. However, you need to take specific steps to ensure the optimal sports betting foundation. We recommend that you do the following:

1 Shop for the best odds

Different sportsbooks offer slightly different odds for the same event. This even goes as far as providing you with different markets for the same event. Compare the odds for your chosen event, and make sure to evaluate all of the peripheral factors, such as the sportsbook itself.

2 Consider a bonus

Bonuses are the perfect way to boost your bankroll without breaking the bank. You can expect various types of bonuses, from deposit matching and welcome bonuses to cashbacks. However, each bonus has its own terms and conditions that you have to respect in order to withdraw potential winnings.

3 Always start small

There is no reason to rush into large or even high-stakes wagers. You can have a perfectly enjoyable online sports betting experience by placing small wagers that you build up over time. Moreover, we recommend that beginners always start with humble wagers.

4 Focus on a few sports

Do not overextend yourself by trying to bet on every possible sport. Pick a few sports that you find exciting, preferably ones that you are very familiar with. Then, simply choose a few exhilarating events and place a few bets.

5 Evaluate various markets

We recommend that you consider several markets when choosing your next sports bets. Consider player props, team props, and even alternative spreads. Once you understand these different markets, you can easily pick the one that suits you the most.

Sports Betting Glossary

Each sport has its own slang and jargon. When you combine this basic complexity with the intricate world of online sports betting, you get an exciting and challenging environment. However, beginners and rusty sports punters might find it intimidating. We invite you to check out our handy sports betting glossary so that you can pick up all the professional lingo today.

Sports Glossary

Sports Bet Types

It is easy to get lost in the vast world of online sports betting options. We want to, therefore, give you an overview of some of the most interesting sports bets and their associated games. Note that their availability depends entirely on your chosen sportsbook and market.

Round Robin bet

This bet focuses on creating multiple parlay bets that focus on several teams or players. A typical example would be bets focused on multiple tennis matches in a tennis tournament.

First-half/second-half bet

This type of bet has you bet on the outcome or total for the first or second half of a game. A typical example would be betting on the outcome of a match between Real Madrid and Barcelona.

In-play bet

Live or in-play bets are focused on various outcomes during the course of a game. They focus on real-time events, such as scoring points in a basketball game.

Futures bet

A futures bet is focused on the outcome of an event in the future, such as the winner of a league or championship. A prime example would be a futures bet on the FIFA World Cup.

Proposition bet

A proposition bet focuses entirely on specific events or occurrences within a game, such as the first team or player to score. The most typical example is a proposition bet in American football.

FAQ

That depends entirely on your country and jurisdiction of residence. The exact legal status of sports betting depends on those two factors, with sports betting completely legal in Australia to all prospective punters over the age of 18.

No, they are definitely not rigged. However, this is only true at licensed, regulated, and audited online venues. Shady or rogue online sportsbooks that do not comply with industry standards can potentially rig their betting options.

You can bet on sports at online sportsbooks and bookkeepers. These include vendors from all over the world, including the land down under. We suggest that you pick sportsbooks that are ranked and reviewed by our team of industry experts.

Yes, there definitely are! You can expect to find every bonus under the Sun, including welcome, free bet, reload, deposit matching, and even cashback bonuses. Note that each bonus has its own wagering requirements and terms, which is why we recommend that you research them thoroughly before claiming them.

We recommend that you choose sports that you are familiar with, preferably ones that you are an expert on. What is more, we suggest that you stick to sports that you follow regularly.

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