How Do You Place A Bet?

When ever you are new to something you are often cautious and have a plethora of newbie questions that can make you feel nervous or thick. But don’t worry, every one of us is new to something we’ve never tried or experienced before, so you need not feel ashamed about your lack of betting knowledge, it’s really not that hard to get to grips with betting. With so many free bet offers available to UK punters, more and more people everyday are asking themselves ‘how do i place a bet‘ so you’re not alone.

How to place a bet in a bookmakers shop

how to place a betThere are many ways in which you can place bets with bookmakers, the most historical but declining method is by physically walking into a betting shop. In order to place a bet inside of a betting shop you simply look around and find out what sporting events are on that day. They have various posters and coupons placed around on the walls and counters as well as digital screens that you can navigate to find out what is happening in the near future. Once you’ve found something that tickles your fancy and you would like to place a bet on, you need to grab a blank slip and a pen (they’re very easy to find on the counters) and write down your selection. So, for instance, you see that there is a horse race on at Wolverhampton and the race is starting at 2.30, you like the sound of Kazami who is odds of 7-1. On your plain betting slip you’ll write something along the lines of;

2.30 Wolverhampton
Kazami To Win
£10

At the bottom of the plain slip will be a box that says total stake and in this above example you’ll put £10. That’s the pretty simple explanation of how to place your bet on the market and selection you have chosen.

Things you may wish to consider when placing your bet

You may wish to ask a member of staff behind the counter what the current odds are on your chosen selection because they change throughout the course of the day. They will look at their screens and tell you. They’re always happy to help so don’t be shy. Why ask? We’ll explain below;

Price variation

The odds on horses can often shift around quite a bit during the build up to the race itself, this is generally based upon how much money is being bet on certain horses. Sometimes the favourite to win the race is fancied to win many days in advance of the race so the odds may start very low to begin with and not move much at all. If, for example, a horse was to start the day at odds of around 3-1 and during the course of the day was having lots and lots more money put on it, the odds will gradually decline, giving you less value for your bet. Sometimes, horses not fancied to win at all have quite large odds to begin with and they can drift out to even higher odds. The general rule of thumb, though, is to take the odds at the time of placing the bet, this means that you know your horse, Kazami, with live odds of 7-1 will return £70 pounds profit plus your £10 pounds stake, giving you a total return of £80 pounds.

If your chosen horse, Kazami, has its odds shortened as the race approaches, maybe to around 13/2 instead of 7-1 and you have taken the live price at the time of placing your bet, you will get paid out at the higher odds. If you have not taken the price at the time of placing the bet, you will end up will the 13/2 odds payout, so instead of 7-1 you will receive 6.5-1 (the decimal version of the fraction 13/2) so instead of a total payout of £80 you will get £75.

On the other hand, horses can drift out further as the race approaches. You may find that your horse Kazami with odds of 7-1 drifts instead of shortening which means you could find that your £10 pound stake could be eligible to return £90, £100 or more, but if you have taken the price at the time of betting you will not be eligible to receive the price increase, at least not when betting in physical betting shops which leads us onto how to place an online bet and why online betting is generally better when compared to traditional betting in shops.

How to place an online bet

To place an online bet with one of the many online bookmakers you’ll need an email address and a bank account so that you can sign up to the bookie and deposit funds to place your bet. Unlike betting in a betting shop, with online gambling you don’t need pens or paper, you don’t even need to leave your house, you place your bet at the click of a button.

If you’re new to betting, which you probably are being on a page dedicated to how to place a bet, you’re eligible to make use of free bet sign up offers which, depending on your sign up offers, increases your stakes, winnings and odds, giving you better bang for your buck. Here we’re going to use Bet365 as an example (they currently offer one of the most handsome sign up offers for new customers, a matched betting deposit of up to £200 pounds. If you deposit £200 your balance will show as £400).

Simply visit Bet365 and click the sign up link over on the top right hand side of the website. When you click this a box will open, complete the form and wait for your confirmation email. Within your email will be a code you can enter during your first deposit, by entering this code you will receive the matched deposit.
how to place an online bet
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Then you navigate through the website in search of something to place your money on. Bear in mind that often when you utilise free bet sign up offers terms and conditions apply so read carefully.

In our betting shop example above, we used a horse called Kazami with odds of 7-1. When you bet online you choose your selection by clicking on the odds next to the name of the horse (this goes for all sports betting selections, you click the odds that correlate to the name of the selection. If you are unsure whether you have chosen correctly, read the betting slip that pops up over on the right, it will detail what you have chosen.), this will add the selection to your online betting slip which will appear on the right hand side. You then enter your stake and the betting slip will calculate the total cost of the bet and it will even work out your return, so not only do you not have to mess around with a pen and paper, you don’t even need to be good at maths.

You will get the odds that you select at the time of placing your bet so if the price of the horse shortens as the race approaches you won’t lose out. But this is where online betting it gets really good, if the odds of your horse increases before the race starts you’ll be eligible to receive the higher odds payout as a result of something called ‘best odds guaranteed’. This makes online betting more simple and better value.

What do you think?