Beginners guide to Sports Betting
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Beginners Guide to Sports Betting, here’s how to start.
Sports betting companies are some of the most successful in Nigeria. Bet9ja currently ranks at #185 on the global most visited website and #2 in Nigeria. This means the website in a day, the website sees about 1million+ visitors in a day.
This traffic translates to how lucrative sports betting is for companies and sports enthusiasts.
So how can you start?
1. Pick a sport
The best option is to pick a sport that you are already passionate about. So that you can easily understand the matchups.
3. Understand the types of bets
There are different types of bets to be placed per game. Bets on draws, wins, specific types of wins and more. Here are the most common bets:
- Double Chance
- Over / Under
- Goal / No Goal
- Correct Score
- Half Time/Full Time
4. Understanding odds
Betting odds represent the probability of an event to happen and therefore enable you to work out how much money you will win if your bet wins. For example, with odds of 4/1, for every £1 you bet, you will win £4. There is a 20% chance of this happening, calculated by 1 / (4 + 1) = 0.20.
5. Cumulative sports betting
The simplest way to explain this is when you place multiple odds across games. This technique is very alluring because it can help a better spend less money and make bigger wins. Therefore, odds can go from 0.20 to 5.20 on 50 Naira leading to a 250 Naira win.
6. Deposit Cash
Finally, once you understand these fundamentals, you are ready to start. Using a betting platform, you can deposit money which you can now use to place stakes across sports.
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