Sports betting continues to grow increasingly popular and UK players are not left out of the excitement. What used to be a miche activity has now become a popular pastime for most. Arguably the most appealing aspect of sports betting is the combined excitement of sports events with the potential of winnings real money. Online sports betting has made wagering on sports even easier since the activity is no longer restricted to physical locations. If you are interested in exploring the world of online sports betting then this article will serve as a guide to understanding the regulatory landscape, betting markets and types. We will also provide tips for betting online.
Sports Betting Regulations In The UK
Prior to 2005, online sports betting in the United Kingdom was unregulated. Thanks to the Gambling Act of 2005, residents of the UK can legally gamble on online, and land based sports books. The current gambling regulations are designed to regulate the gambling industry, ensuring a safe online gambling space for player. All gambling remote operators in the UK must be licensed for each activity they offer online from sports betting to lottery games.
Gambling in the UK is regulated by the Gambling Commission, a non-departmental public body which acts on behalf of the Department of Culture, Media, and Sport. The Gambling Commission issues licences and makes sure that operators are functioning in accordance with the laws. The UKGC is one of the strictest regulatory bodies in the world. One of the areas of focus ins the protection of vulnerable adults and children, this includes strict responsible gambling resources for players.
Types Of Betting Markets
Sports bet types are simply the different ways that you can wager on a game or sporting event. The simplest example of a betting market is betting on outright winner of a game. There are many other bet types such as Props and Futures. Betting markets may vary depending on the games you are betting on. Let’s look at some of the popular betting markets for UK players.
1. Moneyline
Moneyline is one of the most popular and easiest way to wager on a sports event. This betting market involves wagering on who you believe will be the outright winner of a game or event. They are typically two choices, bet on the underdog or bet on the more obvious choice. The underdog is the team or player that is less likely to win. In most cases, you stand to win more money if you bet on the underdog.
2.Point Spread
The point spread is another popular betting market that is slightly different from the moneyline. It can also be a bit more complicated for novices. Rather than backing the outright winner, in a point spread, you are betting that a player or team will win or lose by a certain number of points. For example, in a game between Manchester City and Man United, a point spread would be betting that United will beat City by 3 points or that City will lose by 1.
3. Total (over/under)
Unlike the point spread, and moneyline where your wager depends on who wins and by how much, total bets are not dependent on who wins the game. For Total bets, are betting on whether the outcome of the game will be over or under the number of points that the bookmaker has set. This type of bet combines the points of both teams, rather than just one.
4. Parlay
Parlay betting allow you to combine several outcomes into one bet. Parlay betting is a bit high risk. Your chances of winning more money increases with the number of selections you add. You can increase your winning if you correctly predict every game. On the other hand, you forfeit the entire bet if one your decisions fails.
5. Props and Futures Bet
The word prop stands for proposition. It is betting on the hypothesis about a player’s or team’s performance in a sporting event. In contrast, futures involve betting on a player or team’s long term performance. For examples, you can place on bet on which team will win the UEFA Champions League or who emerges as MVP in an NBA tournament.
Tips for Betting Online Sports Bettors
Here are some tips for making the most of your experience at online betting sites. First, be strategic about managing your bankroll. Rather than bet a huge some on a single game, wager small amounts in different markets. Placing parlay bets and using bet builders are good ways to manage your bankroll. Secondly, ensure that the sites you gamble on are licensed and regulated by the UKGC or other reputable licensing organisations.
You may start by reading this helpful guide to finding the best bookmakers in the UK. Some of the sites you will find here include: Betiton Sports, Britainbet Sports, Monstercasino Sports, Allbritish Sports, Mr Mega and many more. The sites we recommend offer exciting bonuses, customisable experiences with cash out features, in-play betting and live streaming. You can also benefit from a variety of betting markets in different sports.
Conclusion
We hope you found this article helpful and that you have learned a lot about UK betting regulations, betting markets and how gathered some valuable tips for betting on sports online. We have also listed some recommended bookmakers to make your process of finding the ideal bookmaker. Choose a site that you feel meets your needs and have a memorable betting experience.
Disclaimer: Gambling involves an element of financial risk and may be addictive. Please play responsibly and at your own risk. This post contains material that may not be legal in your country. Please play subject to applicable law.
