In this article we will explain a few topics regarding online sports betting.
The online betting industry is currently full of individuals that are looking for opportunities to make some money by scamming everyone that crosses their path. So be careful where you get your information from.
That being said, you might think: “Why should I trust Transparent Bets?”. Because we are already active for a long period of time in the online betting industry, we know what we are talking about.
Online sports betting is basically making a bet against someone else, most of the times a bookmaker. Both parties involved have a different opinion on the possible outcome of a specific event. This can be a soccer game, tennis game or any other kind of game. Most of the times both parties stake a specific amount of money on the event.
The answer is: yes, you can. It would be a little difficult to explain why in full detail, but we will try to give you a short description why online sports betting can be profitable.
First of all, you should be aware of the fact that you self are your biggest enemy. Emotions, fear, excitement, joy, bad and good feelings: they are all parts you’re going to experience when you get serious involved in the betting industry. Does this have to scare you? Not at all, you just have to know how to use these things in your favour.
We have proven that it is possible to make profit over a longer period of time with our bets. The strategy is to look for value bets. Placing value bets will give you a small edge over the bookmaker, resulting in a long term profit. You can compare it with a coin flip where you would not have a 50-50% chance, but a 55-45% chance. If you are on the side with the 55% chance, you would only have to flip that coin as many times to let it even out.
There are many factors in deciding if online sports betting is legal in your specific case. You can not apply a single rule to everyone to see if they are legally allowed to bet. Things that could play a part in deciding whether or not it is legal for you are:
- The law about gambling
- In which specific country you live
- Whether or not you are in debt
If you decide to start betting yourself, and you are new to the industry it could be nice to have a little guideline for your journey. Not only for beginners, but also for more advanced users we have created an E-book which covers topics like: Betting Dictionary, Bankroll Management, Variance, why parlays are a bad idea and a few other topics. The E-book is exactly what you need to get your knowledge on a point to be able to start, and maybe even more important, understand how you can bet yourself.