What Does ‘Backing a Team to Win’ Mean in Betting?

‘Backing a team to win’ is a common term used in betting. In the olden times, only this kind of betting used to take place. Traditionally, a bookmaker was involved in such type of a betting process. Actually, he/she was the one to carry out the whole transaction for you. It is here that these bookmakers tried their best to deceive the innocent people. Now is the time, when everything is done without any hassles over the Internet. There are plenty of online betting exchange sites that allow you to indulge in bet exchanging and change your destiny. Bookmakers are now out of the scene and that is a plus point for bettors.

In simple terms, backing can be defined as the act of making your selection and betting on it. When you back a team to win, you place your bet predicting that your chosen horse will win in the race. You can place bet on other sports as well. The main thing to be emphasized here is that you predict the outcome of the game as to who will be the winner and place bet on it. When you exchange bets, you have the liberty to demand a higher price. For doing this, all you need to do is simply click on the back button and fill the figure of your choice. Once you have entered the figure revealing your bet, it will then shift to the lay section. If your bet price matches with the laying price of other bettor, your bet will be placed. In other case, if there is nobody to lay your selection, then you will have to either lower down your bet price or take what has been offered. It all depends on how enthusiastic you are and how you perceive things.

Let us try to understand the above mentioned concept with the help of an example. Let us suppose that the best offer in the market for draw at France vs Italy is 2.80. At this point of time, you need to go through betting exchange rates. Let us consider that you succeed in finding an odd bet of 2.90. Now this kind of a bet can certainly be considered and you can think of backing or buying the bet. The procedure is almost similar to what was practiced earlier when bookmakers were involved.

In case it happens that you select an event, make selection, place bet and make a clear cut mention of your stake but are not satisfied with the final result, then you have the option of back order available with you. Let us consider for a while that you are happy with the available odds and your desire is to bet at odds 3.10, then you can place the order for backing at 3.10 by putting 100 pounds on stake. In this situation, you will have to wait for the time till you succeed in finding a punter who is ready to draw the match at 3.10 by laying 100 pounds. If someone is ready to match your bet deal then your bet can be placed. If you find a bettor who is ready to put 30 pounds on stake at 3.10, then for the left 70 pounds, you need to look for another bookmaker who can lay bet at 3.10. This is how backing is done.

Betting on Sports – How to Win Up to 97% of All Your Bets on Sport Events

Betting on sports is one of the forms of gambling in which bettors predict about the outcome of their chosen sport event by placing their bets. Previously sports betting always has been done with the local bookies but now the Internet have changed the whole concept of this business. Online betting on sports is available to everyone at his home or any place with Internet facility. The basic tools required to play a good betting game is information on background of teams, sufficient information about particular sport you want to bet on, statistical analysis and tactics to win the bet.

There are hundreds of sports betting sites now available on Internet. These websites have chatting forums for people who want to enhance their betting knowledge. Sports betting systems are also a good source of knowledge about any game. These systems are based on reasonable mathematical information regarding any sport and team players. Besides these system experts are available online to provide the new or junior bettors fruitful information regarding betting on sport. These experts may charge you some fees for their advices. However you should carefully check before paying fees to any exert because there are many fake experts besides real experts to make profit by providing wrong information.

Sports betting online have various advantages mentioned below:

  • You can easily place bet on any betting website instead of visiting the local bookies.
  • You can collect a lot of information about sports and betting process by just few clicks.

Many people rely on sports betting for their livelihood however making sports betting a regular earning source can put you sometimes at risk of poverty because it a game in which you can win money as well as you can lose. People who are experts and skilled in betting on sports usually win more than they lose because of their experience.

8 Important Tips to Win at Cricket Test Match on Betting Exchange

Betting exchanges are an innovative new addition in the world of online betting industry. One great advantage of using betting exchanges is that there are no bookies, which ultimately results in notably better-priced odds.In addition, on betting exchanges, you may opt to BACK (bet on), or LAY (oppose), which means that you can be either a punter or a bookie. Betting exchanges are specifically good for betting on cricket matches.

Tips for Betting Exchanges on Cricket (Test Match):

Efforts of test match cricket players on the field offer some outstanding betting odds in betting exchanges, as cricket is a custom-made game for such type of gambling.  

Tip 1 – Logically, all betting patterns on betting exchanges for cricket depend on numbers. Therefore, the more “numbers” linked with the game, the better it becomes for you to bet.

Tip 2 – To begin with cricket betting on betting exchanges, it is better to consider the most tremendously betted market in cricket, which is the runs market.

Tip 3 – At the beginning of a Test match, betting bookies will provide a market on expected runs in each innings. For example, in a summer Test match between New Zealand and England, if England wins the toss and elects to bat first, then reckoning on the prevailing climate conditions and batsmen picked, you can quote a total of 320-335 for England.Next, if you believe that England might score more than 335, buy at that sum for per run and if you believe that they might score less than 320, then sell that figure for per run.

Tip 4 – Next, if you buy and England’s total score exceeds the expected 335 score, then you win the difference per run between the final total. In addition, if you trade and England scores less than 320, then also you win the difference per run between the final total.

Tip 5 – The runs market is very unpredictable. However, it is imperative to remember that the opening quote is updated constantly all through the innings. If England fails to make a good start and lose early wickets, then the opening quote might decline.

Tip 6 – Next, if they make a good start, the quote will rise. You may close your bet before time by using new quotes at any time.For example, if you buy at 335 and England makes fast 60 runs without losing any wickets in the initial 10 overs, then the opening quote will inflate to around 365-380 mark.

Tip 7 – Thereby, if you had bought at 335, you are now able to sell at 365 for a quick 30 times your bet per run profit. In addition, remember, with betting exchanges for cricket you always purchase at high and trade at low.

Tip 8 – Due to the instability feature of the runs market, opportunities keep on popping up regularly. One vital tip to remember is that, dealers on betting exchanges in cricket are at times a bit slow to respond, if a team starts losing early wickets and that too quickly.

5 Top Tips to Win More at Sports Betting

Have you had enough of losing your money to the bookies? Then check out these five tips on how to beat the bookmaker.

1. Claim Free Bets

There are many, many bookmakers out there competing for you business and most of them will offer you a free bet. This free bet will typically be for £20 to £100 (or your currencies equivalent) depending upon the bookie. By taking advantage of all these free wagers you really can put things in your favor when embarking in sports betting. Look at the free bet as a way of subsidizing your betting provided by the person you are betting against!

There are often conditions involved with the free wager but they are not as difficult to meet as what the casinos and poker sites have to offer. You rarely have wagering requirements (other than the first bet) and the free bet will be credited to your account once you have placed the initial qualifying bet. One of the main things to look out for is the minimum odds at which your bet must be placed at to receive the free bet. One bookie might insist that you place a bet at odds of 2.0 to qualify, while another might say the odds must be at least 1.0. Make sure you check the terms and conditions before attempting to qualify for a free wager.

2. Use Odds Comparison Software

Why would anyone not want to win as much as they can from a bet? You would think that everyone would, but the majority of people still do not compare betting odds before placing a wager. Again, with the sheer volume of bookies on the market, the difference of odds available can be huge. By choosing one without checking the market, you could be missing out on ALOT of money. The quick and easy way to compare odds is to use odds comparison software to check the best return in real time. It is such a quick and easy thing to do that it is a wonder that not everyone does it.

3. Bet on what you Know

If you are serious about sports betting then make sure you only bet on the sports you are knowledgeable on. If you know nothing about basketball, but loads about cricket, then just place bets on the cricket markets.

4. Use Odds Matching Software

There is a new piece of software out there called Odds Matcher that basically manipulates bookmakers so you can receive hundreds of pounds in free bets with no risk required. The way it works is by highlighting bets you can lay with an exchange and back with a bookie where there is no loss potential. For each bookmaker you do this with you will receive a free bet and again – there is no chance of you losing a penny.

5. Follow Betting Tips

There are a whole shed load of sites out there offering betting tips and it is important to distinguish the good from the bad. For example, you do not want to be following guidance provided by a ten year old on his old man’s computer. Check out the Racing Post, Sporting Life, and GG.com, all of which have some very seasoned betting professionals writing for them.