Sports betting has become firmly established on the German market. After long efforts of many companies to reach their customer base in Germany, the market was opened up in 2011. This made it possible from now on to legally offer and take up sports bets.
Previously, this was only possible via foreign servers, not quite easy to implement and also not quite legal. But that is a thing of the past. At the moment, many millions of people are gratefully accepting the legal offer of bets in the sports sector, with a strong upward trend in the number of customers.
The charming thing about sports betting is that it's a hobby where you can earn a little money on the side.
These are of course not high sums with which one could afford the next apartment in Paris, but it is well known that "whoever does not honour the cent is not worth the euro".
As a rule, amounts between three and ten euros are set. You don't have to be an expert to successfully place sports bets.
There are a few aspects to consider, which will be explained in the following article. Source: https://www.horsebetting.com/
The definition of a bet in the sports field
In order to be able to explain the basics and most important terms of sports betting in more detail later in the article, it is advantageous to know exactly what sports bets are.
A bet is an agreement between two or more people about a certain event about which the opinions about the outcome or the result are different and on these opinions right is claimed.
In order to give more strength to his opinion and conviction, an effort has been made since the beginning, as the Greeks and Romans did two thousand years ago.
If you win the bet, you get your bet back completely and you get the bet of your opponent. Sport bets are regulated in Germany since the legalization over the gambling law.
There are clear differences to usual gambling, such as roulette or poker, which are also explained later, but the German legislator sees the following justification for it.
The gambling is after the definition a contribution of a bet, on an event, which lies in the future. Furthermore, it says that the result of gambling depends on chance - but more about that later.
The sports betting offer
This is the definition of betting and gambling. Sports betting is a part of both. In the sports field, bets are offered on the Internet on about forty different sports, including football, basketball, handball, golf, Formula 1, motorcycle racing and many more.
The offer is as follows. You choose a sport, for example football. In the next step, the different countries including leagues as well as national and international competitions such as the Champions League, the European Championship or the World Cup are displayed.
You select a country, for example Germany, and can then select the first, second, third and fourth Bundesliga. Then the individual matches of all teams of this league are displayed, including betting options and odds.
A betting option is, for example, the winner of a match, the number of goals a player scores, whether a penalty is given, how many corner kicks, free kicks or fouls there will be per team. In short, there are many ways to bet, in football up to 40,000 options for a first division game.
So the choice is huge. For the between thirty and fifty sports, there are the national and international competitions, usually the first three leagues, including all teams and countless betting options.
The different types of bets
There are almost infinite possibilities of a bet. There are also different types of bets. The smallest amount of all bets is the single bet. It is a single bet on a single sporting event on which an amount is bet. A concrete example is a bet of 1 Euro that team A wins against team B.
The next stage of a bet is the so-called combination bet, which is a summary of several individual bets. A bet for several sporting events is indicated. An example of this is that you bet 10 Euros that team A wins against team B, team C loses against team D, team E plays against team F draws and team G loses against team H.
The bet is a combination bet. The advantage of a combination bet is that the risk is distributed and the chances of winning increase.
The background is that if a single bet is lost, the money is gone. But if an event doesn't happen with a combo bet, you still win if the other games go well.
However, the goal is still to have all the individual betting options in a combo bet right.