Opening a betting account
A detailed explanation of how to open an online betting account.
If you’ve never placed a bet before the act of placing your first bet can seem a bit intimidating. However, the process is really simple once you have the basic tools and knowledge in place.
Before placing your bet you will need a few things:
Once you have the above you can go to a bookmaker website and sign up for an account. During this process you will be prompted to make a deposit into your account.
Ensure that you deposit enough money to be able to redeem the maximum value of the new customer free bet offer provided by the bookmaker in question. For example, if your bookie is offering a £20 free bet, deposit £20.
Once your betting account is set up and funded, the next step is to find an event that you want to bet on.
Bookmakers organize their betting markets by sport. So if you want to bet on a football match or horse race, you can click on the relevant section of the bookmakers website.
If you choose football, for example, clicking on this link will open up a page with a list of high profile football fixtures, live fixtures and additional tournaments and football betting markets.
From here on in, the process is simple:
Since you are placing your first bet and will usually be attempting to qualify for a free bet offer, it is a good idea to read the free bet conditions and requirements before placing your bet. Many free bets will simply require you to bet the full amount of the free bet at odds over 1/2. Fulfilling the free bet requirements will make the free bet available the next time you want to place a bet
Once your first bet is placed you will need to wait for the result of your event to come in. Keep in mind that if you’re placing a bet on the Premier League winner in August, you’re in for a long wait. So focus on events that will be completed in the next week.
To keep track of your bets, simply click the link to your account and then navigate to the History or Account Summary section. If an event you bet on hasn’t yet concluded, you’ll find your bet under the open bets section. If the event has concluded and you want to see how much your bet paid out, you can choose to view all bets. This will show you whether your bet won or lost, along with the relevant odds and, if the bet won, the amount paid out.
Once a bet is placed, it can’t be reversed. No amount of pleading or complaining will cause the bookmaker to reverse the bet.
This means it’s extremely important to check your betting slip before you place a bet. Ensure that you’ve made the correct selection and have bet the correct amount.
Another thing to keep in mind is that the different odds formats used in betting markets can be confusing. For example, it’s vital to understand the differences between fractional odds and decimal odds.
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