Do you realize that sports betting has been going on for decades? Sports betting is as old as the sports themselves. People have been betting on sports for as long as they have been played. Betting on sports is fun along with good chances of winning money. Thankfully, unlike old times, we now have access to online sports betting sites. Keep reading our best online sportsbook bonus guide to know more about sports betting and deals.
How Sports Betting Works
Betting is famous all over the world in the present era. Whether it is an adult or a teenager, everyone at some point has made some sort of a bet. The ground rules are generally the same when it comes to making a bet. A person bets on an outcome to win money. They win if the desired result is achieved and vice versa. This is exactly how sports betting works too. Sports betting is the act of placing a wager on the outcome of a sports event. A person can bet on sports events and also on players and scores of each team. If they win the bet they collect their winnings and if they lose the bet, they lose the money.
Why Bet on Sports?
Before moving to the details of sports betting, let's see some basic yet solid reasons why you should try sports betting once in your life at least.
- Simple to Learn
The basics of sports betting are very simple and easy. There’s nothing very complicated that you need to know before getting started. You just need to understand the basic mechanics of how it all works. And basically learn how to place a wager.
- Fun Factor
The best reason of all to bet on sports is the simple fact that it’s a lot of fun. Testing your sports knowledge against the bookmakers can be very enjoyable and thrilling. It definitely makes watching sports even more exciting along with earning some real time money too.
- Easy to Place Bets
Online betting sites have made sports betting it easier than ever before. All you need to do is log into your account from your computer, smartphone or tablet. You can bet whenever and wherever you want remaining in your comfort zone. Moreover, there are tons of online sports betting options.
Types of Games in Sports Betting
Sports betting offers a huge variety of game types that you can actually place a bet upon. We, on bonuspirates have diverse options for you to choose your favorite categories or sports to bet on. Here's what we have got for you:
- American Football Betting
- Basketball Betting
- Football Betting
- Live Betting
- Novelty Betting
- Political Betting
- Tennis Betting
What are betting odds
To understand sports betting, you need to understand odds at the very first place. They are the most important part of any sports wager. Odds determine whether a wager is worth making or not. In sports betting, odds basically have two purposes. First, they calculate the payouts of winning wagers. Next they reflect the likelihood of any particular outcome happening. The more likely an outcome, the lower they will be. There three main types of odds.
- Moneyline/American Odds
- Decimal Odds
- Fractional Odds
Visit our best online sportsbook bonus guide to know more about placing bets and understanding odds.
Types of bonuses in Sportsbook Bets
All famous and reliable sportsbook sites offer latest online sportsbook bonuses. Here are the most popular types:
Almost all popular sports betting sites offer welcome bonuses. This bonus is usually in the form of cash. A welcome or sign up bonus means that the player will get a reward upon registering on the site. The point of a welcome bonus is to attract new players to join the site and reward the ones who join.
No Deposit Bonus
No deposit bonuses are a great deal for sure. You have to sign up for a website with a ‘no deposit’ bonus code. You’re then given money to place a bet on the sports betting site. The bonus is usually about five to ten dollars. It’s a great promotion for people who want to start placing bets without risking their own money.
A reload bonus is a bonus given to the already existing players. It’s quite a similar system to the first bonus deposit. Well, it’s the same, just not upon your first deposit. Reload bonuses are good compensation for loyal customers who might miss out on welcome bonus deals. The idea is almost the same as of the welcome bonuses. Although reload bonuses sometimes may not be as generous as welcome bonuses. But if you’re a good raking player they can add more bucks to your bankroll.
Loyalty Bonus is for the regular players of the site. It is basically a reward for the consistent players of the website. They are usually in the form of money. While other loyalty bonus types are promotions, discounts, or extra points that you can redeem to get sports betting tickets. The size of the rewards vary. It mainly depends upon the size of the bets you usually place during the month.
Where to place bets?
We hope that our best online sportsbook bonus guide helped you to learn the basics of sports betting. So now let's come to the point of where to place bets.
Placing bets is becoming easier day by day, and it's all thanks to the sportsbook sites. Unlike the previous years, where people used to go to bookmakers to place bets; in today’s world, placing a bet is exceptionally easier. Opening a laptop and going to any sportsbooks website will do the magic. Additionally, there are a number of applications for mobile phones available which make it further convenient. Each sportsbook displays odds of sports events along with payouts happening all over the world. You can always filter your searches according to your desires and likes. So, it is wise to check online sportsbook sites before placing a bet