What is a sports bet?

Sports betting Bexchange login here - the most important at a glance

- The bets have always been very interesting

- Agreement on the outcome of a sporting event

- The bookmaker sets the odds

- Nowadays a lot of sports betting is done online.

- Serious bookmaker - urgent requirement

Linguistic origin and value of the rate

Duden describes the word "rate" as follows: "An agreement between two people, according to which the person who is right in his claim receives something from the other (for example, money)." The result of the sporting event. The word "wetti", "wete" or "wet" has already been used in ancient and Middle High German. In common parlance, this meant a pledge, payment of a debt. Over time, the rate developed from this in German usage - and other words also came from it. The word “race” has been around since the 15th century, the terms “race” and “competition” from the 16th century, and finally competition from the 18th century.

The basic principle of sports betting

Thus, if you bet on sports today at a bookmaker, whether online or at one of the local bookmakers, there is an agreement between the bookmaker and you to announce the results of the sporting event. It could be a separate game, but it could also refer to the outcome of the entire competition, such as which team will end up winning the tournament. You make your own claims. The bookmaker leaves them without comment. At least he doesn't discuss it with you. He only determines - from his point of view - in the form of odds, how likely he thinks your claim is that your claim will actually happen. Thus, the higher his quota, the less likely he will consider your application.

The agreement, in turn, consists of the bets of the bookmaker and your bet. So, you are ready to wager a certain amount of money that the bookmaker can keep for himself if your demand is not fulfilled. On the other hand, if your claim does occur, the bookmaker will do its part, paying you a multiple of your stake if your prediction is correct. Your sports bet has won and you can expect to win. How high this amount is depends on the odds, which, in addition to your bet, are a crucial part of the agreement. Thus, sports betting is also a competition, namely between you and the bookmaker.

Sports betting - how to find a bookmaker online?

As mentioned earlier, there are a lot of bets online these days. The reasons for this are obvious - on the one hand, it is much more convenient to place bets from home and you do not need to go straight to the bookmaker's office, on the other hand, you have much more privacy within your four walls and can sit back and relax while the betting event takes place. In particular, betting providers that also allow online sports betting often offer great bonuses to new customers.

But how do you know if you are a respected provider or not? Fortunately, despite the seemingly endless number of bookmakers on the Internet, there are several factors that can be used as a guide:

Licensing: Government Regulation?

A reputable vendor communicates on their website what licenses they have and what bodies they control and regulate. In this context, licenses from Malta, Gibraltar or Schleswig-Holstein are often found, which represent an important quality feature.

Processing customer data: data protection must be guaranteed

A reliable gaming company can also be recognized by the fact that customer data is only transmitted through secure SSL encryption, which is used by online banking.

Protecting Players: Gambling Assistance and Company.

Honest bookmakers make sure that gambling really remains entertainment for their customers and does not "turn" into an addiction. A reputable bookmaker guarantees that the client can limit their play amounts and get help in case of gambling addiction.

Payment Company: Is your preferred payment method included?

Trusted providers only work with equally reliable payment companies. If the provider's payment portfolio contains only little-known payment partners that you have never heard of - better hands!

Fair wagering requirements: also unlock bonus?

Be careful when choosing a bonus! Anyone looking for a good sports betting bonus should not only be “blinded” by the amount of the bonus, but also always pay attention to the turnover / bonus conditions - because this is where a trick often comes up that one would like to avoid.

Customer service: service is very important

Last but not least, good customer service is very important, especially for newbies, but good customer service is also important if you have questions about the game or the bonus in between. Reliable customer service is characterized by the fact that they can be contacted not only by email, but also via live chat and hotline, which gives the customer the feeling that their concerns are being taken seriously.

Users who take these factors to heart will have no problem finding the right bookmaker. We wish you every success with the exciting topic of sports betting!