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The 8 Most Popular Betting Types Every Beginner Should Know

Photo by Keenan Constance

Betting is a popular online activity. It’s something that millions of people do every day. It’s not hard to see why betting is so popular since you can make an absolute fortune from it. However, it should be noted, the vast majority of bettors lose money, instead of making it. If you plan on taking betting up, then you need to take some time to research first, so you can find a style and type that’s right for you. Only when you have found a form of betting you are comfortable with can you start profiting from it.

This post will explore this topic in more detail, explaining eight of the most popular betting types that every beginner should know.

Casino Gaming

Casino gaming is without a doubt the web’s most popular form of betting. When most people think of betting, their minds immediately go to roulette, blackjack, and poker. However, online casinos have a lot more on offer than just these games. Some online casinos have thousands of games. Most of these games are variants of traditional casino games, but there are some new ones. Video slots are a popular type of casino game, too. If you do intend on playing at an online casino, then you need to make sure that it’s regulated. If you are playing in Europe, try to find casinos regulated by Casino ADM, Italy’s national gaming authority. Many of the best European casinos are based in Italy, which is why it’s good to find ones regulated by that specific agency. If you encounter any problems or difficulties, then you can report straight to them, and they will be able to sort things out for you.

Sports Betting

Sports betting is another immensely popular form of online gaming, second only to casino gaming. It involves placing bets on the outcomes of sports events. There are tens of thousands of online sports betting sites. Some casinos even have their own sports betting facilities. The thing that makes sports betting so popular is that it’s a lot easier to predict the outcome of a football game than it is the spin of a roulette wheel, meaning it’s easier to make money from sports betting than it is from casino gaming. Consider working with a handicapper if you’re new to sports betting and want to take it up.

 


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Matched Betting

Matched betting is not a ‘type’ of gaming per se, it is more of a style. Online casinos and sports betting sites tend to offer bonuses, usually as a way of incentivizing further play and encouraging people to deposit their own money. In other words, casino bonuses serve as a method of getting players hooked. Matched betting takes advantage of casino bonuses. It involves only ever using them to play. Adherents to this style of gaming never deposit their own money, they only ever play with the houses. If you are a skilled gambler, then matched betting is a style you should look into.

Social Casinos

Social casinos are a popular type of casino, used mainly by older people who don’t want to have to deal with the inherent risk of using online casinos but enjoy casino games. When you play at social casinos, instead of using hard cash you use gold tokens. These gold tokens can then be swapped for prizes. Social casinos have all the same games as ordinary casinos, it’s just that there is no risk of losing money. You do have to buy gold tokens with real money though.

Bitcoin Gaming

In recent years, Bitcoin casinos have popped up all over the web. It’s not hard to see why, to be honest. Bitcoin has become immensely popular with online investors. Bitcoin casinos are just ordinary online casinos, except the only currency that’s accepted is Bitcoin (or another type of cryptocurrency). The good thing about Bitcoin casinos is that they are social places, and usually have chat rooms and lobbies where you can connect with other people. Quite a few VR (virtual reality) casinos have opened over the last few years, catering almost exclusively to the crypto crowd. Bitcoin gaming is therefore a good way to make money and friends.

E-Sports

E-sports are a form of competitive video gaming. The games played in e-sports tournaments are not casino games, they are video games, usually first-person shooter games. E-sports tournaments tend to be held at video game conventions, though they are sometimes held online, too. You can place bets on the outcomes of e-sports matches. Some people have made a fortune from betting on e-sports. The players themselves make money, too. If you like video games, then e-sports is something that’s worth looking into. Not only can you participate and earn money, but you can place bets while watching people play your favorite games.

Private Bets

If you have friends online, then you could just place private bets with them. It’s very common for gamers to have competitive matches, betting against each other. You will need to be part of a large gaming community for this to work, though. If you are not, then you can’t really trust that the people you’re playing against are going to pay up if you beat them. If you are a member of a large gaming community, then people’s reputations will be on the line, and the money will be guaranteed.

Future Events

You can bet on just about anything. If you enjoy gambling but sports and casino games do nothing for you, then why not find a bookie that takes bets on things like whether or not it’ll snow on Christmas, or when the king of England will die? Betting on future events can be a lucrative way of making money. Bookies that accept bets on future events tend to accept bets on more or less anything. If you are good at making predictions, then you could make a small fortune betting on future events.

Betting can be a good way of making money, having fun, and making friends. However, you need to find the style of betting that’s right for you. If you do not, then you won’t have fun and probably won’t make money. Once you have selected a style, make sure that you research it and learn as much about it as you can.

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