If you’re new to sports betting and want to learn more, Asiabet is here to help. We’ve created a series of guides to help you find out how to enjoy betting on your favourite sports and how to be more successful.
Our beginner’s guide to betting on sports will help you:
The world of top-class sport has restarted following the outbreak of coronavirus. Even if your favourite sport isn’t quite ready, there’s loads of action you can bet on.
Major competitions in football, MMA, horse racing and cricket have already restarted or are close to doing so. Check out our expert guides and find the best sites for betting on these sports today.
To get started, you can create an account with one of our recommended sportsbooks. As a new member, you’ll be able to claim a welcome bonus or a free bet. All of our top-rated bookies give you extra betting money when you sign up and it’s a great way to try out some bets without using your own cash. We’ll explain how to claim your bonus later in this guide.
If you want to bet on major sports like cricket and football, you’ll be able to do it with any of the bookmakers we recommend. Most bookies also cover a range of other sports too, from tennis and horse racing to motorsports and basketball. Take a look at their website to confirm that it covers the sports you wish to bet on.
Sportsbook lobbies usually list all available sports in alphabetical order. Under each sport, you’ll find a list of upcoming events and matches. Most sites also offer ‘live betting’, or ‘in-play betting’. This simply means that you can bet on games and matches that are already in progress.
When you choose a bet and click on it, your selection will be added to an on-screen betting slip. Next, enter your ‘stake’ (the amount you want to bet). You can now watch as the bets come in.
It’s very easy to get started, but at first glance, some online betting websites may seem difficult to understand. Let’s take a closer look at how the odds work and the different types of bets you can place.
There are several ways that bookmakers can display odds on sporting events. Once you’ve opened your account, you’ll have the choice of how you want to see the odds whenever you log in. It may seem confusing to begin with but when you understand how to read the odds, it’s very simple to choose good bets. Our advice is to find the odds format you’re most comfortable with and stick to it. Here are the different odds formats you can expect to see:
Decimal odds show the betting in this format: 2.00, 4.00, 15.00 etc. The odds always include your original stake of 1.00 unit, whatever that unit is. For example, odds of 2.00 mean that you’ll double your money if you win: 1.00 (stake) + 1.00 (profit) = 2.00 (total return). This chart will help you get to grips with decimal odds:
|Decimal Odds||Your Stake||Your Profit||Total Return|
Indonesian Odds (IND), or ‘Indo Odds’, shows the amount that has to be placed to win a unit of 1.00. Odds of 1.00 will see you double your money as you’d win 1 unit for every 1 unit you bet. For any other price, the odds can be either positive or negative. Positive odds show how much you will win for every 1 unit placed. Negative odds show how much you would need to bet to win 1 unit.
The simple formula for Indo odds is:
Positive: Stake x Odds = Profit
Negative: Stake / Odds = Profit
Here’s another way to look at it:
|Indonesian Odds||Your Stake||Your Profit||Total Return|
Hong Kong Odds (HK) are similar to the UK-style Decimal Odds but the original stake is not included. So, a bet on a match at 2.00 with 100 units would return 2.00 x 100 (profit of 200) + your 100 stake = 300 total return.
|Hong Kong Odds||Your Stake||Your Profit||Total Return|
American odds (US), or US Moneyline, are a little more confusing. The market is set to a base unit, and Malay Odds uses a similar system. You have the option to convert odds into something easier to manage, however.
In American Odds, anything negative is an odds-on favorite, while anything positive is odds against. For example, a $125 bet on a -125 favourite would yield $100 in profit. A $100 bet on +125 will win you $125.
|American Odds||Your Stake||Your Profit||Total Return|
Malay Odds (MY) displays the same odds with a base unit of 1.00 instead of the 100.00 in US odds. A favorite backed odds-on at -107 in US Moneyline would translate to 0.93 in Malay. In Decimal Odds it would be displayed as 1.93, and 93/100 in Fractional Odds.
So, in Malay Odds, for a 1.00 unit stake you would receive 0.93 back. If the Malay odds are negative it has a <50% chance of winning. Malay odds of -0.10 means you need only 0.10 to win 1.00 – a very good 10/1 shot!
|Malay Odds||Your Stake||Your Profit||Total Return|
Different sports have different bets and markets at online bookie sites. In most team sports or individual sports like tennis, you can bet on the outcome or special bets on points, cards, or time of goal. Let’s start with some of the common bets that people choose.
The 1X2 market is used in football matches and most team sports. This is a simple bet on the result of a match in regulation time. 1 = home win, X = a draw, 2 = away win. It’s a single bet on the result of a single match. Remember that extra time doesn’t count. For example, if a football cup tie is drawn and goes to extra time the result of the bet would be X (a draw), even if the home or away team go on to win the match after extra time or penalties.
The Over/Under (OU) betting market lets you bet on what will happen during a match. A common bet in football would be over or under 2.5 goals. If you bet ‘over’ and there are three goals or more your bet will win, but if you had bet ‘under’ your bet would lose. The same over/under bet can be applied to many different betting markets, such as the number of runs in a cricket innings, the number of wickets, or the number of corners in a football match. In every case, the bookmaker will estimate an amount and you can choose to be over or under.
This betting market allows you to guess at the correct score of a game. It could be the score of a football match or the score of a tennis set. The odds are usually very high for this type of bet due to the small chance of getting the score exactly right.
Outright markets are always popular in sports betting. You can place bets weeks or months in advance on the winner of major tournaments and races like the World Cup, Asia Cup, or Cricket World Cup. These are sometimes called ‘ante post’ markets and if you bet far enough in advance, you can often get much better odds.
The Asian Handicap is a hugely popular type of bet. It levels the playing field by giving the underdog a headstart and giving the favourite a handicap. In football, for example, the better team in a match may be given a -1.0 handicap, and the lesser team would be given a +1.0 handicap. This means that the stronger team must win by two goals to beat the handicap and for your bet to win. If the game ends in a draw, the weaker team would ‘win’ as they had a one-goal headstart. So you bet would win. You can dig deeper into how it works in our guide to Asian handicap betting.
A parlay, or accumulator, is a bet on multiple picks. The odds of your selections are multiplied together to create one set of odds. Sports betting parlays are great for grouping together several picks with poor individual odds. You also have the chance to win large amounts from an accumulator but every one of your picks must be correct for the bet to win.
Online bookmakers are constantly updating their odds as the weight of money changes. A horse racing or soccer favourite might have short odds only due to lots of bets being placed on them. That’s why it’s good to hunt around for value at different betting sites. You’ll find that some sportsbooks offer wildly different odds from one another – often on exactly the same game.
Having several accounts can be helpful to take advantage of the difference in odds. It’s always good to sign up to half a dozen Asian-facing sports betting sites to help you find value. Of course, this way you can also take advantage of the welcome bonus or free bet available at each site.
If you have a small bankroll for sports betting, you can improve your budget with a bonus. Bookie sites offer welcome bonuses to new players and many offer regular free bets while you continue to use their sites. Here are some typical offers you’ll find when you place sports bets online.
Free bets are sometimes offered to new customers. After an initial deposit, the sportsbook will give you one or more free bets. the amount varies from one bookie to another.
Most sportsbooks offer new players a deposit match bonus. When you make your first deposit, the bookmaker will match the amount by doubling your deposit. If you see a bonus that says “100% up to $200” for example, it means the bookmaker will match 100% of your deposit up to a maximum amount of $200.
In some horse racing markets, Indian gamblers can enjoy enhanced odds, or ‘Best Odds Guaranteed’. This is an artificial enhancement on certain races to give you more profit on your bets.
As well as free bets, refunds are sometimes offered by sites when sports betting. With some bookmakers, you can make several bets and receive money back on any losing selections.
Most sports bets continue to the end of the game or match. However, a ‘cash-out’ allows customers to end the bet early and take a smaller profit. This can be useful if your bet is currently winning but you don’t think a team will hold on until the end of a game.
The beauty of online sportsbooks is that you’ll find almost every sport to gamble on. Football and cricket are the most popular sports by far to bet on. You can bet on everything from the English Premier League and Spanish La Liga to U19 friendlies and Japan J-League. It’s not uncommon to find over 15-20,000 markets available at any one time on an online sportsbook.
Tennis, basketball, and horse racing are offered at most of the larger sportsbooks. Also gaining popularity is the big-money e-Sports arena. Customers in India can now place wagers on the latest DOTA2 and COD battles being fought online on Twitch or in live arenas around the world.
Asian-specific bookie rooms will also take bets on local sports like Muay Thai, baseball, and basketball. If the sportsbook is based overseas, you can sometimes exploit a lack of local knowledge and find value.
As well as traditional sports, many Internet bookmakers offer odds on film, TV, and politics. You can bet on who will win the next Oscar for Best Picture or who will triumph in China’s Got Talent.
It’s easy to get started with online sports betting. You can set up an account in minutes, make a deposit, and start betting on your favourite football and cricket markets. Don’t forget to claim a good welcome bonus when you join as well. You don’t need to deposit a lot to get started, and free bets give you a chance to make some easy free cash without a lot of risks.
Follow Asiabet for recommendations on the safest bookmakers and the latest special offers and bonuses.