Sports betting is quite enticing because of its prize reward. However, it is also a challenging endeavor for someone without experience in betting.
Since, as a beginner, you’re stalking your real money and face a high risk of losing it, you should first familiarize yourself with the fundamentals of placing bets, especially for Champions League predictions.
Equipped with the following betting tips, at least you won’t be walking blindly into this risky endeavor.
Choose A Legit Betting Platform
Many betting firms are competing out there. The first criterion for selecting your betting platform is checking its legitimacy. You can guarantee it is secure if it complies with the licensing requirements.
Other criteria to check on include its ease of use, range of products, betting options, the competitiveness of odds, and payment modes and options.
Once you’re comfortable with this checklist, you can start familiarizing yourself with the platform.
Know How to Read Odds
One of the features you will notice when placing a bet is the odds. The odds may appear in decimal odd format or American formatting depending on the target audience the betting firm is targeting.
Regardless of the format, the most important thing is your knowledge to translate the odds. It enables you to calculate the amount of money you will get paid if you win the bet. For instance, if your bet size is $100 and the odds are +300, you receive $400. That is a profit of $300.
Placing a bet when you’re sure of the payout you expect when you win is an important first step for beginners.
Know Moneyline Bets
A moneyline bet is one of the simplest approaches to gambling in sports. All you have to do is pick your favorite team and wager the moneyline on it. If it wins, you will receive a reward for the win.
Typically, beginners start with moneyline bets since they usually place their first bets motivated by the teams they support, especially those Champions League predictions today. For instance, if you’re a Manchester City Football Club fan, you can always wager your moneyline on the team, and if it wins, you win the bet.
Understand Spread Bets
Spread bets are more complex than money lines. While money lines are absolute, spread bets are not. With spread bets, you wager against a range. It is usually the most appropriate strategy to use when your interest team underperforms.
In a practical sense, if the team of your choice is expected to win by 5 points, then the spread will be -5. To win the bet, your team must win with 5+ points, or the other team wins the match or loses by 4 points or less. Otherwise, if the team performs as expected, there is no win or loss on the bet.
Explore Over/Under Bets
As a beginner, you must also learn about over/under bets. You place your bet based on the cumulative points that the teams are expected to earn.
For instance, if you place an overbet on a match that is expected to have 15 cumulative points, you win if the results exceed 15. The same applies to an underbet. You win the bet if the total points are less than 15.
Betting Pre-Match or During Live Match
Many betting firms will allow you to bet pre-match or while the match is ongoing. The latter is also known as in-game betting.
Both have their pros and cons. For instance, pre-match betting odds rarely change. However, live betting experiences constant changes in betting odds since ongoing events determine them.
The advantage a bettor has during in-game betting is that they can make an informed decision based on crucial factors that determine the outcomes of the match.
Aim to Earn Bonuses
As a beginner, you will encounter various types of bonuses. This also depends on the betting company. For instance, some will give you welcome bonuses after your first-time deposit to bet on Champions League picks.
As you advance in terms of the period of membership and betting activity, you will constantly get special events bonuses as well as get rewarded with loyalty bonuses. These bonuses will incentivize you to keep betting as they boost your deposits.