PLACING BETS: APPS FOR SPORTS BETTING

    Updated: January 27th, 2021

    PLACING BETS: APPS FOR SPORTS BETTING

    Betting and gambling today is a far more popular and far less stigmatised activity. Sports fans and other sports enthusiasts can get in on the action legally. This formalisation has streamlined gambling in sports. Another advantage of legalising sports betting is the introduction of sports betting and fantasy sports apps in the market. Betting on teams and their players is now accessible to a larger global population.

    SPORTS BETTING AND FANTASY SPORTS

    There is a difference between a sports betting app and a fantasy sports app. Sports betting apps allow betting on players and teams, apps like Sportsbet have dedicated platforms for each sport and its betting like Sportsbet for NBA, racing, Horse Racing, etc. A fantasy sports app allows users to create a unique fantasy-team. These fantasy-teams have players from the same or different teams, and the earnings are from their real-life performance.

    SPORTS BETTING ON APPS

    Sports betting apps provide a platform for fans and gambling enthusiasts to indulge themselves. The app provides complete details on games, teams, players, players’ track-records, and the odds in each market. People can make informed choices when placing bets on these apps using this information.

    FEATURES OF A SPORTS BETTING APP

    A sports betting app has everything one could need to place bets. It includes all the markets in a game and all the necessary details to make a bet. Here is an example of features on platforms like Sportsbet for NBA and other sports, to further understand how sports betting apps work,

    MARKETS

    The market that one decides to place their bet in determines the type of bet. These markets are player-based or match-based; the bets placed are on the team or one particular player. People can also make multiple bets on the app.

    Match-based Markets

    Quarter and Half-time

    The bets are on the winners of each quarter or each half. The wager can also include the total points of a team or the winning point margins at the end of each quarter or half-time.

    Wire-to-wire

    These bets are on a team winning or leading in each quarter consistently and therefore winning the match.

    Race to Points

    These bets are on which team will be the first to reach a designated number of points, for example, the first team to score ten points.

    Overtime

    These bets are on whether the game will go into overtime.

    Winning

    These bets are on the outcome of the entire match.

    Player-based Markets

    Points, Rebounds and Assists

    These bets are on the number of points, or rebounds, or assists a particular player will make in the game. The option to bet on scores at quarter, and half-time is also available. People can also make combination bets, specifying the number of points, rebounds and assists a player will make in the game. People can also bet which player will make the first basket.

    Three-Points and Double-doubles

    These bets are on the number of three-pointers a player will shoot or how many double-doubles they will achieve. Wagers on triple-doubles, quadruple-doubles, and quintuple-doubles are also available.

    TRANSACTIONS OF BETS ON SPORTS BETTING APPS

    Sports betting apps support all forms of payment available. They offer odds in points of each market. People first select the market they want to bet on and then their preferred outcome. They can then choose the wager amount. Basis the odds, the app displays the predicted earnings or returns on the bet if they win the wager. They can specify betting amounts in round figures of 10, 20, 50, or 100. For example, if the odds of a team winning wire-to-wire in a match is 13 points, and if the bet placed is 10 dollars, then the winnings will be 130 dollars. The odds specified multiplied by the amount give the earnings. It is advisable to go with the team or player with the most points for a higher probability of earnings. 

    Category : Apps

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