Beginners' Guide to Betting
So, you want to have a bet, but you don't know what you're doing. Everyone was where you are once, so don't worry - you're not alone. Indeed, 99% of gamblers still don't know what they're doing (I work in a bookies, I'd know).
Here on Insight, we'll be betting on all major sporting events, as well as Hartlepool from time to time. But how does it all work, I hear you cry from the rooftops? It's simple.
Placing a bet is very similar to filling out a poll in a regular thread. In order to place a bet, you have to choose what you think the outcome will be from a list of options available to you. These can be found at the top of any particular thread which has a dollar sign (betting thread) symbol next to it. These threads, in turn, can only be found in this forum (below this message).
To place a bet, first find the event you want to bet on. Threads will be accordingly titled, so it isn't a wild goose chase. For example, if you want to have a bet on Wayne Rooney to score first, go to "Manchester Utd vs. XXXXXX - First Goalscorers." Once there, type your stake into the appropriate box beside your chosen selection (at the top of the page). Once you're happy with the amount you wish to bet, press submit - and you have placed your bet.
But how do you know how much to bet? Well, your total points are displayed with every post you place, underneath your username labelled "Cash." This is how much you have to work with. You can spend it all on a single bet, or spread it out over a variety of events - it's up to you.
Every single event is priced up with "odds" - a fractional representation of how likely an event is to occur. So, to use the Wayne Rooney example again - he is quite likely to be the First Goalscorer (in the bookies' eyes at least), and so his odds are shorter than, for example, Rio Ferdinand's. The reason is fairly self-explanatory - Rooney plays up-front and scores more goals.
The odds on a particular outcome can be written as a fraction, or a decimal:-
Wayne Rooney to score 1st - 4/1 or 4.00
These both mean the same thing - for every point you place on Rooney, you win an additional four back (and you also get your point back). In effect, a price of 4/1 returns 5 times your money (a 400% profit).
These odds are useful for calculating how much you want to put on an event, because of course the longer the price, the more you stand to win per point you gamble.
Types of Bets - Football
Outright football betting refers to betting on a team to achieve a single result. If this is match betting (i.e. not league or cup betting), then only the game inside of 90 minutes is considered. If a match goes to extra time, the result after 90 minutes is the one that stands.
Note: In knock-out matches, there will usually be extra-time and penalty shoot-out bets available.
With outright match betting, you can back either the home team to win, the away team to win, or the match to finish a draw. This is the simplest bet, but also generally offers shorter odds/prices, and hence lower returns.
The other type of outright bet is to bet on someone to win an event - e.g. backing Barcelona to win the Champions' League. Here, you can only bet on a team to win the event - and you can back the team at any stage of the event. The difference between this and outright match betting, is that competition betting spans over many matches - but as such, generally there are greater prices on offer.
Also, backing a team outright to win a tournament or cup ignores the permutations associated with 90 minute football betting - if your team lift the trophy, you win money.
If you think you know who's going to score the first goal in a match, why not put your money where your mouth is?
Backing a player to score first in a match offers greater returns than simply picking a team to win, as the odds are generally much bigger.
The First Goalscorer bet refers to both teams in a match - there are not separate winning bets for each team (if both teams score).
The First Goalscorer will be decided in accordance with BBC Ceefax soon after the game is finished. If an independent panel re-award the goal to another player, the original scorer will stand, and no secondary pay-outs will be made.
In the event that an Own Goal is the first goal scored in a game, all First Goalscorer bets will revert to the next player to score a goal - the own goal is ignored for the purposes of this bet.
If the player you bet on has not appeared on the pitch when the first goal is scored (i.e. if he is an unused substitute or not in the squad), then your stake will be returned. If, however, your player is substituted off before the first goal goes in, but takes part in the game, your bet is a losing one.
More to come when I get a chance.
Clubbing of a seal...clubbing with a Seal
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Not even sound same!
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