Sports Betting Frequently Asked Questions
Online sports betting may seem daunting at first, especially if you are just starting out. That’s why we have compiled a list of all the sports betting frequently asked questions that you might have, and our experts have provided the answers!
Is Online Sports Betting Legal?
Internet-based wagering is legal in several countries, but it depends on where you are based. In New Zealand, online racing and sports betting and is 100% legal, so you can wager with complete peace of mind.
Can I Sign Up For Free?
Yes, all top-rated bookmakers offer free registration. Simply click or tap on the sign-up button and follow the instructions to create your account.
Can I Bet On My Mobile?
Yes, depending on the sports betting site, you may be able to download an app to your iOS or Android smartphone or tablet. Some sites offer a mobile-friendly version where you can access your account using your web-browser instead.
What Are Free Bets?
Most online bookmakers offer free bets or bonuses when you first sign up. A free bet is a type of incentive given out when you make your first deposit. This usually comes in the form of a free cash amount that can be used to place a wager at specified odds. In most cases, the odds need to be placed at 1.50 or higher.
What Can I Bet On?
This is the most popular of all the sports betting frequently asked questions. The range of sports provided depends on the bookmaker you sign up with. Top rated sites will offer as many as 40 different options, including popular choices like Football, Golf, Tennis, Rugby, Cricket, American Football, Basketball, Horse Racing, Motor Racing and so on. You can even bet on eSports, politics, finance and entertainment.
How Do I Make A Deposit Into My Account?
Most bookmakers offer a wide choice of banking options to top up your account and cash out your winnings. The biggest sites offer payments by debit card, credit card, bank transfer, instant banking, prepaid card, web-wallet and even cryptocurrency. It is important to note that you usually have to use the same method for both deposits and withdrawals.
What are Odds?
Odds are used by bookmakers to indicate the theoretical chances of a bet winning. The odds also indicate how much you stand to win if the bet is successful. The higher the odds, the bigger the payout. Odds are usually expressed in decimal format such as 5.20 or fractional format such a 5/1 (five to one).
What are Markets?
In the world of online sports betting, markets refer to the different types of bets that are available on each event. For example, in Football the most popular market is the match winner. This simply involves predicting the winning team. Some sports can have as many as 30 different markets on a single event. Each market offers a different style of wagering, and requires different skills. Other types of markets can include total number of goals, first team to score, over/under, player to score the most goals and if the match will go into overtime.
What Happens if My Bet is Cancelled?
Sometimes a bet can be cancelled because the event was called off, or there is an extended delay. In such cases, your stake will be returned to you.
What Happens if I Win?
Strangely enough, most bettors check the sports betting frequently asked questions for this answer only after their bet has been successful! The good news is if your wager wins, you don’t have to do anything. At the conclusion of the bet, the payouts will be transferred into your account. You can then withdraw your winnings at any time.