You are here because you want to know more about sport betting. We’ll be introducing different kinds of sports and how to bet on them in the following pages. But here we’ll be giving you a simple overview of some of the things you should know before you get started.
They are similar or even the same across the board and so we explain a few things to make it easier for you later on.
Top sports betting site
If you want a site that is great for all of the sports we cover here at bettingpoint.in there can be no other than 10CRIC. They are really gambling hard on the Indian market. And with their completely Indian focus you can bet that they have Kabbadi, Cricket and Horse racing covered.
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If you want to know more head over to our 10CRIC review, where you can see all the juicy details.
The best sports betting strategies
Generally speaking, there isn’t a betting system or strategy that guarantees you’ll win all the time. Anyone making such claims wants to rob you of your money. But there are strategies you can employ before placing a bet, which includes calculating probability, comparing odds, checking the value of a bet and considering a few other aspects of importance that can influence an outcome.
- A team’s or player’s form (how have they been doing lately)
- That includes the form of the competition/opponent
- Check recent wins and losses
- What about current or recent injuries
- Who has received penalties in recent games or matches? How might that influence the upcoming game?
- Are they playing at home or away?
- What is the weather forecast?
- Do you know of personal problems (divorce, illness in the family)?
In essence, do your homework before placing a bet. Various factors can and will influence the result of a match and it might just hinge on the happiness of one player versus the ill fortune of another.
Some basic information
Further below we’ll talk about a few things you might want
to consider when getting into sports betting.
At first, sports betting can be very confusing. You visit a sportsbook for the very first time and are overwhelmed with the sheer number of events, markets and odds before you. What is it you are even looking at?
Fear not, we’ve felt the same when we first got started. It gets easier as you familiarise yourself with everything. And for the most part, you’ll only ever be interested in a handful of sports anyway, never all of them.
So, you want to put money on a match because you are sure who wins? Let’s get you started on a few terms then. We decided to go alphabetically here:
Accumulator: Several bets placed on multiple outcomes. All of your predictions must be correct in order for the bet to win.
Action: Just means any kind of bet.
Banker: Pretty much a sure bet – the result is almost guaranteed in advance.
Bet: Well, this is you putting money on an expected outcome of a match or race.
Cash-out: Unsure your bet will win? A cash-out, if offered, allows you to settle your bet before the results are in. You may not get your whole stake back but at least a part of it. Especially useful for accumulator bets.
Combination bet: You place multiple bets on your selection to reduce the risk of losing. Not all your predictions have to be correct for you to win.
Edge: Your advantage in a bet. As opposed to the house edge.
Odds: This is the term that describes the cost of a bet. It includes the return a bookmaker offers for a selection to win.
Punter: That’s just a term describing you, as the person who places the bet.
Sharp: And this is what experienced punters are called.
A jungle of wagers
You will never place all the types of wagers that are available and have been defined in more detail elsewhere. As a new punter, you’ll stick to a few basics. If ever you need more of a challenge, further bet types are out there for you to discover.
- Single – You select a single outcome and put money on it. Done.
- Doubles – Your bet covers two outcomes. In case the first one wins, those winnings are added to the second bet. For a return at the end, both bets must win.
- Trebles – Consequently this describes betting on three outcomes. Once again, wins of the first two selections are added to the third. All selections must win for a return.
- Accumulator – Now you have at least four selections on your betting slip. And here, too, all selections must succeed for you to win.
- Trixie – Somewhat like a treble, except here you make three selections in three different events. Two of them have to be successful for a return.
- Each Way – If you don’t know if your selection will win or place (especially in horse races), you may bet on both outcomes at once. If your selection wins, you win on both bets. If your selection places, only the second bet will yield a return.
What are odds and probabilities?
This is something you really should make yourself familiar with as you will be dealing with odds on every bet you will ever place. Odds describe the price a bookmaker offers on a bet. Odds will also tell you how likely a bookmaker believes a certain outcome to be.
They can be displayed either as a fractional or decimal. Bookmakers generally let you decide how you want your odds displayed in the settings.
- Let’s look at odds of 2/1 (fractional). This means, you bet 1 unit and could win 2, should your selection win.
- Odds of 5/1 mean that you bet 1 unit and win 5.
- On the other hand, odds of 1/2, means paying 2 units to win 1.
Simply by looking at the odds, you know that the bookmaker believes the chance of a 1/2 result is more likely as the odds of 2/1, which are considered ‘longer’ (i.e. more unlikely).
Consequently, the longer the odds, the more unlikely the outcome. So, your potential wins are higher, if the result should transpire.
Looking at decimal odds, you will get the same information, they just look different. It’s important to note that they include the stake in the return, which means fractional odds of 3/1 are displayed as 4.0.
A simple conversion formula looks like this:
x/y + 1
Example: 2/3 = 0.67 + 1 = 1.67
Let’s look at the probability
In sports betting, the probability is fairly important to calculate how likely an outcome is. The formula to calculate it looks like this:
(x + y) / y x 100 = z
Example: taking odds of 4/6 calculates as follows
(4 + 6) / 6 x 100 = 60%
This means there’s a 60% chance that these odds will win.
If you prefer decimal odds, calculating the probability (against 100%) uses the decimal odds quoted:
100% divided by 2.50 = 40%.
So, your probability here is 40%.
The higher the probability, the higher your chance that your bet will win. But it’s not the only thing that needs to be considered.
Getting the best odds
Not all bookmakers offer the same odds. Usually, the differences aren’t big, mind you. But bookmakers want to make money on every bet that is placed, whether it ends up winning or losing. So, there’s a bookmaker margin (the house edge, if you will), which is added to the price of the odds offered.
That actually means that possible results are slightly inflated to reality. Here is an example of a cricket match:
Team A wins, Team B wins, both teams score and we get a draw
Bookmakers will offer odds on all three outcomes. Whilst there are loads of calculations that go into how odds are established, the bookmaker’s margin is easy to calculate:
1/odds x 100 + 1/odds x 100 + 1/odds x 100…
Let’s imagine, Team A has a probability of 57.5% to win. Team B only gets 21.5% and a draw comes in at 25%. This would give us a total of 104%. Odd, wouldn’t you say? We wouldn’t expect more than 100% in total, right?
And that’s the bookmaker’s margin, the additional 4%.
If you want to go and compare odds, the closer you get to 100% when adding them up, the lower the margin and the better the price of the odds for you. Thankfully, there are plenty of odds comparison sites who check this for you.
Manage your bankroll
A good strategy also includes good bankroll management. The first rule is: never bet more than you can afford to lose.
At the end of the day, the best preparation and the smartest accumulator bet does not account for sheer luck or chance events. You can still lose. Just keep that in mind – always.
Plus, winning money should not be your main aim. Yes, it’s a wonderful bonus and it adds thrill to following a particular sport. But it can’t be your main purpose. That way you will only encounter gambling problems and that’s no fun.
Managing your bankroll also means that you don’t bet all your money at once. If you win something, take your winnings and put them aside. There’s no need to use them on your next bet. Instead, you’ll still have something to be happy about, even if your next bet loses.
And make sure to set a limit. Once you’ve bet your allocated funds (the ones you can lose, not the ones you may have won), finish your betting session and do something else.
What sport betting site has the best odds?
There is quite a big difference in how big an ‘house edge’ the different sites have. We pay attention to what odds are out there, and for the most part the sites agree pretty much on what the correct odds are.
But there are a few that stands out time after time.
1xBet not only has more markets than any other site, but they are also generally on top of the odds charts. They are also heavily present in the Indian market, offering some interesting Indian specific promotions, such as a courier will come to your door and let you deposit in cash!
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They are also one of the few operators that offer bets on Kabaddi, and any cricket match you could imagine.
What sports to bet on
Cricket Betting – Perhaps not the official national sport in India, cricket betting is nonetheless a massive industry and a lot of fun. We’ll tell you all you need to know in the following pages. Including how to bet on the IPL and BBL.
Kabaddi Betting – Another favorite Indian sport. But kabaddi betting is not available at all bookmakers. We’ll tell you which ones are best for you.
Football Betting – Whilst most bookmakers have a strong European focus, football betting is also very popular in India. Want to know more? We’ve got you covered.
Tennis Betting – Another favorite sports Indian likes to follow and bet on. How to bet on tennis, what to consider, and which tournaments to follow? We will tell you in our handy guide.
Horse Racing Betting – A sport with a long betting history in India, which we will get into as well. If you’re looking for something more traditional, horse racing betting might just be for you.
Want us to cover other sports? Let us know and we’ll work something out.
The best bookmakers and sportsbook
We have reviewed some of the best online betting sites in India, which offer great sportsbooks and plenty of online gambling, including casino, live casino, and eSports gambling.
Since our focus is on online betting, we want to answer the following questions in our reviews:
- How competitive are the odds?
- Do we get a good selection of markets and sports?
- Is the sportsbook user-friendly and easy to navigate?
- Do we get live betting? Is there live streaming?
- How are the bonuses, promotions, free bets? Enhanced odds or accumulators?
- What’s their reputation? How trustworthy are they? What do others say?
Of course, it never hurts if you do your own research, but we make sure to offer you the fullest review possible. Most importantly, we want to give you as unbiased a review as possible. After all, we want you to have fun at the online betting site of your choice and prevent that you have any negative experiences there.