A Complete Guide on Sports Betting That will Make You A Pro

Most of the people have questions and doubts about sports betting. Some may have misinformation, some may have half-information, and some have misconceptions. To clear all your doubts, I have gathered essential terms and information about betting; you would require if you are inquisitive about it. So, before knowing any further detail, we need to understand what sports betting is?

What is Sports Betting?

In simple words, it is making predictions on sports results and putting a wager or bet on those results. To your surprise, the roots of it have been around since the 12th century, which started from horse race gambling. Also, It is not only about sports, as you might have thought. It also includes wager on entertainment (awards and reality shows), political events, and sports like rugby, boxing, tennis, football, basketball, and non-human sports like horse racing, greyhound racing, etc. 

If you are wondering what all possibilities can be wagered, then the answer to your question is not just tournament results. Wagers can also be on events of the sports, for example- from how many runs/points the team will win, which player would hit a shot/goal, which team would win the single round/inning, etc. 

Now, let us see some of the terms of the betting world which you would require for a better understanding. 

Bookmakers, bookie, betting agency, and sportsbook are the companies that provide betting services. The platform that provides the marketplace where the odds are set is called a betting exchange. The people or customer who places the wager with the bookmakers is called a bettor (US) or punter (UK). 

The other two important terms are backing a bet and laying a bet. For example- if you bet on Mumbai Indians to beat Delhi Daredevils, you are backing Mumbai Indians. Moreover, a lay on bet means to bet against an outcome. For example- if you lay a bet against Delhi Daredevils to win a match, it means your lay bet wins if the other team wins the match. Also, with bookmakers, you can only back a result; on the other hand, betting exchange lets you bet for both the outcomes. 

There are many movies and shows that have clearly shown the working and effects of wager on sports. 

Types of Bets:

1. Moneyline Bets: 


2. Spread Betting


3. Total Bets


4. Proposition Bets


5. Parlays


6. Teasers

Is Sports Betting Legal? 

Yes, it is legal and regulated in some countries. The places where bookmaking is not legal, people generally make wagers with illicit bookmakers or through the Internet.

Although the legalization of betting has always been the subject of debate all around the world, the CEO of the International Cricket Council (ICC) is in support of the legalization of it to prevent illicit booking, while the National Football League is completely against it. 

Is Sports Betting Legal in India?

No, it is not legal in India. However, there is no law stating online betting is illegal. As cricket is the most famous sport in India, cricket betting is quite common here. 

Famous Sports Betting Apps and Sites in India:

You can safely make your wagers on these apps or sites. 

1. Betway


2. Bet365


3. BoDof


4. 22Bet


5. Bet winner

Outcomes of Betting:

There have been many scandals in sports because of it, which has deteriorated the integrity of it. Not just this, many of the illegal funds of this go to promote drugs, terror, and other illegal activities that are dangerous for the world.