ONLINE BETTING 101

Whether you’re placing a bet online from your computer or your phone, Online Betting 101 is here to guide you every step of the way, offering betting guides, industry leading sportsbook and casino reviews and the best bonuses on offer to help you start winning today. 

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What is Online Betting 101?

Online Betting 101 was created to explain how to place online sports wagers in very clear and accessible terms. We walk you through the entire online betting process. You will find guides on how to set up an online gambling account, how to make a deposit and how to claim a bonus. There are guides on completing a KYC process and withdrawing winnings from an online betting account too. You will also learn how to place the most popular bets and what they mean, include moneyline bets, spreads, totals, parlays and prop bets. We will teach you what the odds mean, allowing you to calculate your potential payouts. You will also find advice on how best to manage your bankroll like a pro, and you will be kept updated with industry news, features and analysis. We are determined to help our readers find the best betting sites too. We have reviewed all the main betting sites that accept American players.

What does Online Betting 101 do?

Online Betting 101 provides a hub of information for anyone that wants to learn how to bet. It is mainly targeted at beginners to online betting, providing them with helpful advice and information. It also reviews online betting sites to help players find trusted, reputable brands and avoid scam sites.

How do I place a bet at a sportsbook?

You need to sign up with an online sportsbook and make a deposit first. We have provided a list of reputable sites for anyone to choose from. Then you can find a game, click on a market – such as the spread, moneyline or total – and it will pop up on the bet slip, allowing you to choose your bet amount and confirm.

How do I open an online sports betting account?

Click the button on the sports betting site homepage that says “Join Now” or “Register” and you will get a registration form. Fill it in with personal details and quickly verify your identity to set up your online sports betting account.

How do I deposit at an online betting site?

You will be able to click on a “Deposit” option within the account section of an online betting site. It will list the available methods – such as Visa, MasterCard, a wire transfer, Skrill, Neteller and Bitcoin – and you can choose one. Type in how much you want to deposit and confirm, and the funds will be in your account almost instantly.

How can I withdraw from an online sportsbook?

There will be a “Withdraw” option in the account section of your online sportsbook. Head into that section, and you will be able to choose from a list of payment methods. Enter the withdrawal amount and confirm the transaction.

What is a prop bet?

A prop bet is a prediction on an event taking place during a game. It could be the method of the first score, the highest scoring quarter, the number of yards a QB will throw or a player to hit a home run. Prop bets are separate to the result of a game.

What is a totals bet?

A totals bet is a prediction on how many points there will be in a game. It is also known as an over/under bet. For example, you might be able to over 219.5 points in a game between the Charlotte Hornets and the Cleveland Cavaliers at odds of -110, or under 219.5 points in the game at -110.

What is a parlay?

A parlay is a combination bet that includes several different legs. For example, you could bet on the Giants, the Ravens, the 49ers and the Rams all to win on the same weekend. All four teams need to win, but if they do, you can look forward to a nice profit.

What is a bankroll?

A bankroll is the amount of money you will use for online betting over a certain period, such as an NFL season or a calendar year. You can assign a portion of the bankroll for each bet you place, as that ensures you ride out losing streaks and stay in the game.

What is a spread bet?

A spread bet is a prediction on who will cover a points handicap line set by the betting sites. For example, if the Detroit Lions are 2.5-point favorites against the Minnesota Vikings, you can bet on Detroit -2.5 or Minnesota +2.5. If you bet on the Lions, they need to win by 3 or more points.

What is a moneyline bet?

A moneyline bet is a prediction on who will win a game. In sports like football, basketball, baseball, hockey, tennis and table tennis, there are only two options: home win or away win. In soccer and boxing there are three options, as there can be a draw, while in sports like NASCAR and golf there are lots of different options.

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Casinos

This page highlights the best online casinos that welcome bettors from across the United States. These casinos offer large bonuses, a variety of great games and some very big bonuses.

These are the games that you can play at online casinos:

Slots

These games replicate the slot machines found at gaming meccas like Las Vegas, Reno and Atlantic City. They come in all shapes and sizes, from 3-reel slots to Megaways slots with hundreds of thousands of paylines.

They also cover various themes, but the general idea is to line up icons in a row to get paid out. You can trigger bonus features too.

You can check the RTP (return to player), the volatility, the bet limits and the maximum win amount of each slot before playing. The RTP tells you the theoretical payout you would get from a slot on average if played an infinite number of times. The higher the RTP, the better.

Table Games

You can play virtual versions of the most common table games, including blackjack, baccarat, roulette, craps, Hold’em and three card poker. The games are controlled by algorithms called Random Number Generators (RNG), which deliver impartial results.

Video Poker

Games of skill based on poker. Once again, they are controlled by RNG software, which provides the results. They have a high RTP, but only if you play with the best strategy.

Live Dealer Games

You will be connected with a real dealer, who will be based in a studio, and you can play games like roulette, blackjack, baccarat and Hold’em. This cuts out the need for RNG software.

Specialty Games

This is the catchall term for online casino games that do not count as slots or table games. A specialty games section can include bingo, keno and perhaps virtual sports games.

Sportbooks Betting News

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Sportbooks Betting Guide

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12 Apr 2022

What is KYC?

Licensed online betting sites require you to complete a Know Your Customer (KYC) procedure. It

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Betting Sites

Online Betting 101 was primarily created to teach novices how to bet, read odds, fund an account, claim a bonus and so on. However, it is also important that we nudge our readers towards great betting sites.

Bonuses

You will be offered a variety of bonuses at online betting sites. Some are designed to attract new players, and others are designed to keep existing players loyal.

Welcome Bonus

This is a sign-up offer that can only be claimed by new customers. The general idea is that you need to deposit some of your own money to become eligible. The sports betting site will then match your deposit with bonus credit.

For example, BetUS offers a 100% crypto sports bonus worth up to $2,500. If you make a $2,500 deposit, you will be left with a $5,000 account balance. You then need to complete rollover requirements before withdrawing.

Reload Bonus

This is like a welcome bonus, but it is available on all subsequent deposits. It tends to be smaller than the sign-up bonus. For example, the reload bonus at BetUS is 50%.

Odds Boost

You can bet on specific sports events at improved odds if you use this bonus. For example, if the Yankees are +110 to beat the Braves, you could have the opportunity to bet on them at +140.

Risk-Free Bet

You can place a bet and get a refund if it loses. The refund is sometimes paid in cash, but it is normally paid in bonus credit and it comes with rollover requirements.

Refer a Friend

You will be given free bet credit if your friend signs up and hits a certain minimum deposit threshold. Ask for a referral code to claim this bonus.

Rebate

A percentage of your losses with be refunded, either in cash or free bet credit. This bonus is normally available at an online casino or racebook.