Looking for online bookmakers of the best online bookmaker? You have come to the right place. Betting on sports events has never been more popular than it is today. In the digital age, the rise of online bookmakers has seen an increasing number of people take on the bookies to predict outcomes for their favourite sporting events. From Barclays Premier League football matches to tennis games at Wimbledon, from Olympic running events to Rugby Super League fixtures, online bookmakers allow you to estimate the winners, losers, scorers and much more. Correctly predicting these outcomes can see punters make substantial winnings.
In this guide, we look at the history of the betting industry, how it works and what you should be looking for in the best online bookmaker.
What are bookmakers?
Bookmakers are the name given to people who take bets on sporting events. After determining the odds of a particular outcome to an event, they will accept money from punters on all of the possible eventualities. For a football match, this could be a win, draw or loss for each of the performing teams. Rewards will be paid out to winning players in the event that their predictions are correct based on the odds set by the bookmakers.
Bookmaking dates back to over 200 years ago when the first betting businesses began in the United Kingdom. It was, for many years, illegal to conduct betting anywhere other than racetracks in Great Britain. However, in the 1960s, the Conservative government legalised betting shops. Bookmakers can now be found both in nearby towns and cities as well as online. Betting is a £2 billion industry in the United Kingdom today.
What makes online bookmakers different from high street ones?
Bookmakers existed long before the digital age – in fact, their history dates back as far as the late 1700s – but until recently they resembled something quite different. Prior to the rise of the Internet, bookmakers would traditionally reside on the high streets of local towns or city centres. Customers would go down to the nearest bookmakers and place their bets in person. However, this has changed dramatically since the rise of online bookmakers.
High street bookmakers still exist, although there are fewer than 9000 now since most betting is done on the Internet. The format itself has not changed much with the move online. You still pick your result, stake the amount of money you are willing to bet and pocket your winnings when you are correct. However, online bookmakers have made it far easier than ever before to make a bet. You can register your debit or credit card with a trustworthy e-wallet and stake your money with just a few clicks of the mouse. Betting can now also be done via your laptop from the comfort of your living room sofa. If you own a smartphone with mobile data, betting can even be completed while you are out on the go.
Another major difference with digital betting is that anyone in the world can now place a bet with an online bookmaker, not just the residents nearby. It does not matter whether you are in the South of England or the North, on a holiday in Brazil or Portugal, you simply have to visit the bookmaker’s website to put money on a game. Because the best online bookmakers generally tend to have more customers as a result of this, the odds are frequently much better than any you would find at your local high street location. More punters means there is lower risk for the business. That allows them to choose bolder odds.
How do I choose the best online bookmaker to place my bets with?
There is a wealth of online bookmakers to choose from ranging from the prestigious big names to newly launched businesses. With so many to select from, each offering their own unique spin on the online gaming experience, it can be difficult to know exactly which is the best online bookmaker for you.
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Some online bookmakers will be better for particular sports – one might specialise in football, for instance, while another is perfect for horse racing. Other bookmakers may be more suited to your specific style of playing by offering live betting, mobile betting or high stakes on pre-match bets as part of their service. Potential betters should research which website is most suitable for them.
More important than the particular niche they service, however, is the reliability of an online bookmaker. We pride ourselves in selecting the best bookmakers in the business, with an empasis on quick and easy deposits and withdrawing. Bookies such as Unibet, Betway, LeoVegas and bet365 are the best ones out there.
Although there is no perfect method of determining the quality of a bookmaker for an average bettor, there are several things you should look out for indicating whether it is a trustworthy website or not. Ensure that it supports popular payment methods; check that the website runs on a fast, efficient and reliable server; look for their contact information which should be clearly displayed; and see if it provides guides, tutorials and advice such as this. These are all signs of trustworthiness that guarantees you are using one of the best online bookmakers.
How do online bookmakers work?
Experts analyse the form, history and many other factors of competing sports teams to predict the overall result. From there, they will use these calculations to set the odds for how likely it is that the teams will win, lose or draw their match. The odds are usually moved slightly up or down from the actual predictions in order to meet the bookmakers’ margins, allowing them to make a profit no matter what the eventual results are.
Punters who believe they can correctly guess which direction the score will go are able to sign up for an online bookmaker’s website and register an acceptable form of payment. If you do manage to correctly predict the result, you will receive a reward dependant on how much you bet and what the odds were. You will then be able to withdraw your winnings from the online bookmaker.