Online Sports Betting Guide

08-07-2022



Each day, thousands of people from all around the world are registering at online sportsbooks to be provided with the best betting experience. Many of them are newbies and hence, are unfamiliar with how online betting works and that is exactly what we are going to help you with here.

Below, we’ve provided you with a general online sports betting guide that you will find useful and will help you kick off your sports betting journey. So, without any further explanation, let’s start breaking down the details.

Registering at An Online Sportsbook

First of all, before you register an account, you need to choose a reputable online sportsbook. You can do that by checking this list of online bookmakers in Australia. Cross-reference the features of the sites and determine which site suits your personal preferences the most.

After you’ve found your pick, you can proceed to register an account. Registering is simple as you only need to complete a few steps:

1. Access the official site of the bookmaker
2. Click on the signup button
3. Fill in the required details
4. Accept the T&Cs
5. Confirm that you are of legal age
6. Finalize the process
There’s one additional thing that you need to be aware of. After registering, the sportsbook will ask you to verify your account. In most cases, verification is done by sending pictures of your ID (front and back), a utility bill in your name and proof of address.

Claiming Bonuses and Promotions

As a registered bettor, you will be eligible to claim the sportsbook’s bonuses and promotions. There are two types of bonuses and promotions:

• Deposit bonuses
• No deposit bonuses
As the names themselves suggest, a deposit bonus is a bonus that you can claim after depositing the required amount, whereas a no deposit bonus does not require you to make a deposit. The most popular deposit bonus is the welcome offer, whereas the most popular no deposit bonuses are free bets and cashbacks.

Each bonus has a certain set of terms and conditions that you must meet if you want to claim the bonus and withdraw bonus winnings. The T&Cs state the minimum required deposit, eligible payment methods, market restrictions, maximum bonus amount, wagering requirements, validity period, etc. Make sure you read them before rushing to claim the bonus; that way, you’ll determine whether the bonus is a good fit for your preferences or not.

Placing Bets

Of course, the main goal of registering at online sportsbooks is to place bets. Placing bets is rather simple and we are more than happy to explain how to do it. After you register an account, visit the sportsbook’s home page.

Usually, the site will display its featured sports betting categories on the left. Click on the category that you wish to wager on and select your game. Once you do so, you will see the available betting options (home team to win, away team to win, draw, handicaps, over/under, exact score, etc.).

Select your option, fill up the slip and enter your bet amount. You can bet on single or multiple games on one slip. The more games you include, the higher the odds be and hence, the greater the winnings. However, the risk is also greater here.

When your slip is complete, just click on the place bet option and keep a close watch on the games. If you are wondering how are winnings calculated, the math is pretty simple. Multiply all the odds, then multiply that amount with your bet amount.

Depositing and Withdrawing Funds

Finally, the process of depositing and withdrawing funds is also pretty simple. To deposit and withdraw funds, you need to be a registered player. The process of depositing and withdrawing money is pretty much the same.

First, sign in to your account and then go to the cashier’s section. Select whether you want to deposit or withdraw funds and choose your preferred method. Online sportsbooks conduct payments with credit and debit cards, Neteller, Skrill, cryptocurrencies, etc.

Each online sportsbook has a minimum and maximum deposit and withdrawal limit, so make sure you pay attention to that factor. After you’ve selected your payment method, enter the amount and deposit/withdraw funds.

Deposits are instant but withdrawals come with a certain processing period. Keep in mind that the sportsbook might charge fees for withdrawals and that not every payment method is eligible to claim a bonus. Sportsbooks also utilize the latest SSL encryption systems, meaning that your security will always be on point.