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The online betting business has been growing rapidly in recent years. If you know how to bet, you can make substantial profits, so much so that some people dedicate themselves exclusively to making sports bets online. However, to make money through them it takes a lot more than luck and a few good kicks. You need to know how sports betting works before.
Just to give you an idea, experienced bettors study daily about Odds and quotes, are always connected to the latest sports news, should have maximum control over their finances and need to watch games with extraordinary attention. That is, it is a much more complex activity than it seems. In our guide, you will find all the necessary information to enter the world of online betting and you will have the chance to read strategies and tips to learn how to make money with bets.
Table of contents
The best sites to place your bets online
Betting on sports can be a lot of fun. In addition to making games more exciting, online betting can also be quite profitable for those who are dedicated to learning about its operation. To begin with, you should know that bookmakers with no deposit bonuses are rare and that to place your first online football bets, for example, you will have to make a deposit before. That is, it is good to be prepared both to earn money and to spend it.
Currently, there are two ways to place sports bets. The first is to travel to Las Vegas, in the United States, where online casino and betting games are allowed by law and there are several establishments that offer them. Since this is unfeasible for most New Zealanders, the second option is the most convenient and practical, which is to place bets online on specialized sites. As today there are several online betting sites, care should be taken to bet on the most reliable and safe ones. Below you will find our recommendations of the best sites to place online bets on football and various other sports.
To get along by placing bets online, be sure to research the best sports betting site options well before! The best sites to bet your money should always have the following advantages:
- Best sites to place bets online
Comfortable payment and withdrawal options for users;
Diversity of sports and betting modalities;
Security and transparency for your users;
Online support at flexible hours;
Website and information in several languages, including English.
7 Most Important Tips from our online betting guide
Want to start betting now? That's fine, but don't forget a few essential things before you start betting real money. We have separated here the most important tips from our online betting guide. Check:
- You should always research about the odds and the odds before placing any bet.
- Even if it's just a hobby, you need to be careful not to throw your money out the window.
- Enjoying sports is essential.
- Online gambling is not synonymous with easy money and does not have much to do with luck or bad luck.
- It takes specific skill and knowledge to profit.
- There is no cake recipe. It takes dedication, practice and technique.
- Study. Practice. Learn from your mistakes and try again.
Different types of sports betting
Online betting is a little more complicated than the betting games you are used to playing with your friends. There are several types of bets that every player needs to know before registering on any type of online betting site. The type of BET influences its value and the amount you will be able to profit if you win. Below we have listed the most common types of online bets that you will find on any New Zealand or foreign betting site, such as the Sportingbet .
Single bets – Moneyline
This is the simplest type of bet you can make. In online betting on New Zealand championships, for example, you have three options: you can bet on which team will win, or you can bet on the tie. In all bets, regardless of the type, you have more chances to win when you know and know how to interpret the odds of the outcome of the game. If you know the history of the teams and the players, even better. In such bets, payment is made regardless of the number of goals or points that the winning team has scored. Moneyline bets are quite common on games such as hockey, Football, Basketball and baseball.
If this is your choice of online betting, you will need to understand the odds of the game, which determine how much money you can win. This can be quite confusing at first, so we recommend taking the time to research and delve into the topic. More experienced bettors recommend starting by placing single bets, using smaller amounts. As you get the hang of it, you can move on to the other types of bets, where the profit offered is higher (but the hit is less likely).
Multiple Bets
This type of bet is usually made by experienced bettors. Multiple online bets combine two or more bets into one. You can, for example, bet on two different sports in a multiple bet. To win, you need to get all the results right. But how to make money on multiple bets? The answer to this question lies in the bettor's own talent. To win in multiple bets, one must know the world of sports very well and understand the quotes and odds perfectly.
Live betting – Live betting
This is a type of bet that happens during games, that is, you bet on the matches that are currently happening. Thus, you can rely on the very pace of the game to know who to bet on. In live betting, usually the odds are constantly updated to keep up with the score.
Cancel bets-Cash Out
Cash out is a new feature in the world of online betting. It is already available on various online betting sites such as Betsson and the Betfair , thanks to its popularity among bettors. Cash out is for you to cancel your bets before the start or before the end of the game. In this way, when you close your bet before the final score of the event, you can reduce your losses, recovering the money wagered.
However, this option is not available for all sporting events or on all sports betting sites. In most of them, when there is a possibility of cash out, a specific icon will be shown. Before using the function, you can also see how much money you can get back if you use it, as the bookmaker will probably charge a small percentage to close the bet.
I want to bet, but I don't know how online betting works
If you want to profit from online betting, the first thing you should do is learn how they work. Probabilities play a fundamental role in this functioning. The best advantage of making online bets on football or any other sport is that you can bet on matches from anywhere in the world. On the other hand, the big disadvantage is that the odds vary in format and it can be a bit difficult to understand them on each sports betting site.
However, all of them are only a method to indicate the possible outcome of the game. Different types of online bets, such as the ones you saw above, will have different odds. Some will have higher chances of profit, while others will have lower chances of profit. If you want to venture into the world of online betting, the best thing is to choose a good sports betting site (we list the best here in this guide) and understand how the odds work.
On any betting site or online casino , you must be over the age of 18 and need to register before placing any bets. In addition, an initial deposit of money is required to start betting, after all, you cannot bet if you have no balance. There are a variety of methods for making the deposit. Some accept credit card and even bank slip payments. The most common methods are virtual wallets, such as Paypal and Skrill. International Sites will be able to convert from Dollar (NZD) to dollars, which can cost taxes and, depending on the quote, end up being detrimental to the New Zealand player. Some even ask for a minimum amount for the first deposit. So, research the various options well before choosing the best sports betting site for you. And there is no point in looking: free online bets before the First Deposit do not exist.
In addition to all this, check out the games available on each site. Some only offer online betting on New Zealand Football, others cover all sports from various parts of the world. On the most complete international sites, such as the ones we have listed here, you can place different types of bets on various sports. But do not forget that:
- Gambling can be addictive.
- Online sports betting can even be considered gambling, like others casino games , but it is not enough to rely on luck. You need to understand how it works before you start betting.
- Gamble your money responsibly.
It is also worth remembering that the best sites have the cash out option, which we mentioned above. This option allows you to cancel a bet before the game or event starts or ends, in the case of live betting. Thus, in case it is in your interest, you can get your money back (but remember that a small percentage of the bet will be retained by the company). Cash out can even come with a percentage of profit, if your bet is at an advantage at the moment.
Is it legal to place bets online?
Many wonder if online gambling is legal or illegal activities. In theory, gambling is illegal in New Zealand. However, online casinos and sports betting sites dominate the internet. How does this happen?
By prohibiting gambling in physical establishments, online casino games and online gambling are not criminalized, which means that you can place your bets and play freely. However, online betting and gambling are not regularized, that is, they do not undergo inspections of any kind. That is why it is very important to choose well the site in which you will bet your money, making sure that it is reliable. This brings us to the other question: is it safe to place bets online?
Is it reliable to place bets online?
The answer to that question is yes. But there is one condition: it is safe as long as you are using a reliable online betting site. We cannot blindly trust all the sites that exist on the web and, therefore, it is recommended to read the terms and conditions of each one before registering. Avoid those that charge very high fees or that have user complaints and opt for those that have good recommendations. This will determine if the site is reliable and safe for users. Before registering in one of them, answer the following questions:
- What are the payment options that the site offers? Are they ideal for you?
- Is there a cash out option?
- What are the options to withdraw the money you won through betting?
- Does the site take long to pay users?
- Do they provide an easy channel of contact in case you need it?
What you should know before placing bets online
As you may have noticed, you need to study hard before jumping headfirst into the world of online betting. To facilitate your study, we have made below a list of the main things you should keep in mind before betting:
- Patience is key. Don't expect to become a professional gambler overnight. Keeping calm and patience is essential to getting along in the long run.
- Losing is part of the game. If you are only used to winning, a losing bet can cause you to lose motivation. But you must understand that you will always lose one bet or another. Know how to deal with it and learn from your mistakes.
- Knowing the terms of the bets, the rules of each sport and understanding the odds and odds is essential if you intend to make a profit in this industry.
- While the odds are quite subjective, don't just rely on your gut. There are numbers, tips and strategies to win.
- Don't let your emotions speak louder. Betting against your team can be difficult, but sometimes it will happen. If you do not like this, do not bet on the matches in which your team plays. This makes it easier to remain impartial.
The biggest sporting events to bet on
It's no secret to anyone that men's football is the most popular sport in New Zealand and the world. Some of the biggest sporting events are men's football events, such as the World Cup and Copa America, which move thousands of people to the host countries and thousands of spectators every edition. In addition to these, the Olympic Games are another world-spanning event of the same proportions. Multisport, the Games bring together 26 sports in competitions that are broadcast live to the whole world.
Placing sports bets on events of this magnitude is very different from betting on the outcome of regional championships. In big events, we have more coverage and consequently more information to use in our favor during betting. The range of available bets is also much larger, since the calendars of competitions are always smaller. Check out some of the biggest sporting events you can bet on online below.
World Cup 2018
A FIFA World Cup 2018 it takes place in Russia between June 14 and July 15. The schedule of games is intense for 30 days. To place your bets more accurately, you need to watch as many matches as possible and be aware of the news and the standings of the national teams. You can both place live bets and bet before the games. Both options will be available. Bets that predict who will be the winner of the 2018 Cup are already open on most sites.
2019 Copa América
The 2019 America's Cup will be played from June 17 to July 7 in New Zealand. The Copa America comprises national selections of South American teams and tends to be an event that gains a lot of coverage. The venues for the games will be seven cities and eight stadiums. As the competition will be hosted between us, Bets will certainly be boiling close to the games.
Olympic Games
The Olympic Games are the largest multi-sport event in the world, comprising two modalities, summer and winter. The last edition of the Winter Olympic Games began in February 2018, and the next edition will take place only in 2022. The last edition of the Summer Olympic Games was in 2016, in New Zealand, and its next edition will be held in the second half of 2020, in Tokyo, Japan.
How much can you earn with sports betting
How much can we win or lose with online betting? Unlike purely luck - based games of chance, such as lottery and the bingo , online sports betting is more like the poker , which is considered a mental sport, as it requires specific skills and strategies. But it is worth noting that neither is a gold mine. Although thousands of people have fun playing games like these, there are few who manage to profit from it.
There are professional gamblers, just as there are professional poker players, but this only happens when you devote yourself entirely to this activity. If you are just starting out, it is important to remember to bet for fun, and not to make money. Thinking about your financial situation before betting is also important. Bet only the amount you can and, if your bets are profitable, then bet higher amounts. But always respect the limit of your pocket.
Learn the step by step to place bets online
Placing bets online is quite easy. If you already know where and how to bet, just follow the following steps:
- Register on the site of your choice, taking into account all the points mentioned in this guide.
- Deposit money to start betting. Each site offers different options. The most common are credit card, boleto bancário and virtual wallets, such as Paypal.
- Place your bet. This process will also vary from site to site. But don't worry, it's not difficult. On the sports betting site itself should have a section explaining how to bet. If you have difficulties, look for this section to know the step by step or contact the service via phone, chat or email.
- There you go! Now you just have to know if your bets will yield profits. If so, you can withdraw the money the same way you deposited it.
How to win in sports betting
Read Tips and tricks from experienced bettors to learn how to profit from online sports betting!
- To succeed in online betting, knowledge is needed. Do not rely only on the odds and quotes, but also on your knowledge of the sport. Watch games, see the performance of the team, read the reviews, know the physical state of the players, and, finally, stay connected.
- Enjoy what you are doing. If you don't like sports, sports betting is not for you. It takes a lot of fun to be successful in the field.
- Have moments of rest. Since online betting can suck up a lot of time every day of the week, establish moments of rest and disconnect.
- Get used to making decisions, as you will need to make difficult decisions all the time. If you don't handle it well, how do you expect to do well in online betting?
- Making mistakes is normal. Losing some bets is an honest and common mistake. Learn to deal with this and you will have more chances of success.
- Never bet more than you can. Know your limit.
- Don't bet on sports you don't understand.
- Keep a record of your winnings and losses to know if the online betting business is going well or badly for you.
- Don't bet impulsively or if you are emotionally shaken. Bet with strategies, and only when you are 100% focused.
Guides that can help you understand the world of online betting
There are several books and guides that you can purchase if you want to become a more experienced bettor. The options in English are few, but relevant. These are the books ganar com as Apuestas Deportivas and Manual das Apuestas Deportivas, by Paulo Rebelo.
How to place live bets
Live betting, that is, the bets you place during games, has been gaining a lot of popularity in the online betting scene. That's because these bets can be more profitable, if you know how to make them. As the odds and odds are changing during the game, you need to know the right time to bet, in which your bet will have the highest profit. Of course, this requires watching the game carefully and being aware of the odds.
Most online betting sites already offer their users the possibility to place live bets, also granting a new means of watching and betting on sports, since, in these games, the adrenaline goes up there. To succeed in live betting, you need to know the best time to place the bet, predicting events even before they happen. Watch the game carefully, and remember that the odds are set by a computer, that is, they will not always project correct data.
Glossary of the most important terms
- Live betting: Live betting in English. It is a bet placed on a game or event that is currently taking place.
- Free Bet: Or freebet. Some online betting sites may offer their users free bets as bonuses.
- Multiple bet: It is a type of bet that contemplates several bets on different events and games. To win, the bettor must hit all of them.
- Single bet: Also called moneyline. It is a simple bet on a single game or sporting event.
- Bad beat: It is said when a bet that had a high chance of winning loses unexpectedly.
- Bankroll: It's your balance, the money you have available to bet.
- Bet: Bet, in English.
- Book: Or sportsbook or bookmaker. It is the online betting sites or the physical establishments that offer sports betting.
- Bookmaker: Or bookie, is a group of people or an individual who receives the sports betting in a bookmaker.
- Bookmaker: It is the same as book or sportsbook.
- Cash out: It means canceling the bet before you lose or profit money. Some sports betting sites offer this function.
- Quote: The odds define the profit that you will be able to get with your bet. They are set by the bookmakers.
- Favorite: Favorite, in English. It is the team or athlete that has the best odds of winning the game or event.
- Handicap: They are a type of BET in which positive or negative margins are added to the result to balance the odds.
- Limit: It is the limit of money that the bookmaker will receive for a bet. You can never bet more than the limit.
- Profit: Profit represents the amount you received with the winning bet. If you bet $ 5.00 and won $ 20.00, your profit was $ 15.00.
- Odds: It's the odds in the betting world. They are set by the bookmaker and are calculated using various factors.
- Over / Under: It is a type of bet that can be translated into plus/minus. This bet tries to predict the amount of points, goals, sets or rounds of a game or event, betting above or below the odds offered by the bookmaker.
- Parlay: It is the English term for multiple bets.
- Picks: These are prognoses, that is, tips from professionals who study certain events and try to decipher the most likely outcome.
- Point spread: It is the number of points that separates the favorite team from the underdog.
- Probability: See odds.
- Underdog: It is said of the team or athlete who has the lowest chances of winning.
- Wager: It means the same as BET or wager.
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Time to place your first bets online!
Without a doubt, becoming an experienced bettor will require commitment, time and dedication. On the other hand, some people take online gambling in New Zealand and the rest of the world as just a means of fun, as it involves a lot of excitement and the possibility of making extra money. In New Zealand, football betting is the most popular, but currently, on major online betting sites, you can bet on almost any sport.
Online gambling and betting is super fun, but it can also be addictive and dangerous for some people. Don't hesitate to seek help if you feel the situation has gotten out of hand. There are organizations that specialize in helping compulsive gamblers. Keep a record and a limit of money you can bet, and never bet money you don't have or that should be earmarked for basic needs. Bet responsibly.
(New Zealand lawyer, 36 years experience)
Read and approved: July 23
Updated: July 23
Joseph Kelly is the legal advisor of the creativegiants.co.nz the content of the website has been reviewed and is in accordance with current New Zealand legislation.
The informative and educational content of this portal complies with New Zealand legislation.
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