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How to Bet on Sports UK: Sports Betting Guide 2024

Updated at: July 26th, 2024
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If you're wondering how to bet on sports in the UK, you've come to the right place.

We've put together a straightforward guide to help you navigate the exciting world of sports betting, ensuring you can place bets confidently and responsibly.

This page will equip you with all the essential information you need to start betting on your favourite sports today.

What is Sports Betting?

Sports betting is the practice of predicting the outcome of sports events and placing a wager on the result.

It involves analysing the performance of teams or athletes and placing bets with a bookmaker, who sets the odds reflecting the probability of different outcomes.

In the UK, sports betting covers a wide range of sports, including football, horse racing, cricket, and tennis, allowing enthusiasts to engage with their favorite sports in a thrilling and potentially profitable way.

How Does Sports Betting Work?

Sports betting works by allowing individuals to place wagers on the outcomes of sports events. Here's a simplified breakdown of the process:

  1. Choosing a Bookmaker: Select a reputable bookmaker or betting site where you can place your bets. In the UK, popular options include Bet365, William Hill, and Ladbrokes.

  2. Creating an Account: Sign up for an account with your chosen bookmaker, providing necessary details and verifying your identity.

  3. Depositing Funds: Deposit money into your betting account using various payment methods like credit/debit cards, bank transfers, or e-wallets.

  4. Exploring Betting Markets: Browse the available betting markets, which include different sports, leagues, and types of bets such as match outcomes, over/under, and handicap betting.

  5. Placing Bets: Choose the event you want to bet on, select your bet type, enter your stake (the amount of money you want to wager), and confirm your bet.

  6. Understanding Odds: Odds represent the probability of an event happening and determine how much you can win. They can be displayed in fractional (e.g., 2/1), decimal (e.g., 3.0), or American (e.g., +200) formats.

  7. Watching the Event: Follow the event you’ve bet on to see if your prediction is correct. Many bookmakers offer live streaming services for various sports.

  8. Collecting Winnings: If your bet is successful, your winnings will be credited to your account. You can then withdraw the funds or use them to place more bets.

Understanding Odds

Understanding odds is crucial for anyone looking to bet on sports, as they determine how much you can potentially win from a bet.

Here’s a breakdown of the different formats and what they mean:

Types of Odds

  1. Fractional Odds:

    • Commonly used in the UK, fractional odds are displayed as two numbers separated by a slash (e.g., 5/1).

    • The first number represents how much you will win from a stake equal to the second number.

    • For example, 5/1 means you will win £5 for every £1 you bet, plus your original stake.

  2. Decimal Odds:

    • Popular in Europe and Australia, decimal odds are shown as a single number (e.g., 6.0).

    • This number represents the total payout, including the original stake, for every £1 bet.

    • For example, 6.0 means a total return of £6 for every £1 staked, which includes £5 in profit and your £1 stake.

  3. American Odds:

    • Used mainly in the United States, American odds can be either positive (e.g., +500) or negative (e.g., -200).

    • Positive odds show how much profit you will make on a £100 stake. For example, +500 means you will win £500 on a £100 bet.

    • Negative odds indicate how much you need to bet to win £100. For example, -200 means you need to bet £200 to win £100.

Calculating Payouts

  • Fractional Odds Example: If you bet £10 at odds of 5/1, your profit would be £50 (5 x £10), and your total return would be £60 (including your original £10 stake).

  • Decimal Odds Example: A £10 bet at odds of 6.0 would yield a total return of £60 (6.0 x £10), which includes £50 profit plus your £10 stake.

  • American Odds Example: A £100 bet at +500 would return £600 (£500 profit plus your £100 stake). Conversely, a £200 bet at -200 would return £300 (£100 profit plus your £200 stake).

Implied Probability

Odds also reflect the implied probability of an event occurring:

  • Fractional Odds: The formula to calculate implied probability is Denominator / (Numerator + Denominator). For 5/1 odds, it’s 1 / (5+1) = 0.1667, or 16.67%.

  • Decimal Odds: The formula is 1 / Decimal Odds. For 6.0, it’s 1 / 6.0 = 0.1667, or 16.67%.

  • American Odds: For positive odds, the formula is 100 / (Odds + 100). For +500, it’s 100 / (500+100) = 0.1667, or 16.67%. For negative odds, it’s Odds / (Odds + 100). For -200, it’s 200 / (200+100) = 0.6667, or 66.67%.

Bet Types Explained

When betting on sports, understanding the different types of bets is essential for making informed decisions. Here’s a guide to the most common bet types you’ll encounter:

Moneyline Bet

A moneyline bet is the simplest form of betting where you wager on which team or player will win the game or match. The odds are set based on the likelihood of each outcome, with favourites offering lower payouts than underdogs.

Point Spread Bet

Point spread betting involves wagering on the margin of victory. Bookmakers set a spread, and you bet on whether the favorite will win by more than the spread (covering the spread) or if the underdog will lose by less than the spread or win outright.

Over/Under Bet (Totals)

In an over/under bet, you wager on whether the total points scored in a game will be over or under a specified number set by the bookmaker. This type of bet is popular for its simplicity and applicability to various sports.

Parlay Bet

A parlay bet combines multiple individual bets into one. For the parlay to win, all the individual bets must be correct. While parlays offer higher payouts due to their increased risk, they are more challenging to win.

Teaser Bet

Similar to a parlay, a teaser bet allows you to adjust the point spreads or totals in your favour for multiple games. This reduces the risk but also lowers the potential payout.

Prop Bet (Proposition Bet)

Prop bets focus on specific events within a game that are not directly tied to the final outcome. Examples include betting on which player will score the first goal or how many strikeouts a pitcher will have. These bets add an extra layer of excitement to the game.

Futures Bet

Futures bets involve wagering on events that will happen in the future, such as who will win the championship or which player will be named MVP. These bets often offer attractive odds but require patience as they are settled over a longer period.

In-Play Bet (Live Betting)

In-play betting allows you to place bets on a game while it is happening. This dynamic form of betting offers constantly changing odds and various betting opportunities as the action unfolds.

Handicap Bet

Handicap betting gives one team a virtual advantage or disadvantage to level the playing field. This type of bet is common in sports like football and rugby, where there might be a significant disparity between the teams.

Understanding these bet types can enhance your sports betting experience, allowing you to choose the right wagers based on your knowledge and strategy. Whether you prefer the straightforward nature of moneyline bets or the complexity of parlays, there’s a bet type suited for every kind of bettor.

Types of Betting Markets

Betting markets refer to the various options available for placing bets on sports events. Here’s an overview of the most common types of betting markets:

Match Result (1X2)

The most straightforward market, where you bet on the outcome of a match. In football, for example, you can bet on a home win (1), draw (X), or away win (2).

Correct Score

This market involves predicting the exact final score of a match. While challenging, it offers higher odds and potential payouts due to the difficulty of accurately forecasting the scoreline.

Both Teams to Score (BTTS)

In this market, you wager on whether both teams will score at least one goal during the match. It’s a popular option for football betting and often combined with other markets for increased odds.

Over/Under Goals

You bet on whether the total number of goals scored in a match will be over or under a specified number. Common benchmarks are over/under 2.5 goals, but other thresholds are available.

Handicap Betting

Also known as spread betting, this market gives one team a virtual advantage or disadvantage to level the playing field. You bet on whether a team will win with the handicap applied.

Asian Handicap

Similar to handicap betting but more complex, the Asian Handicap removes the possibility of a draw, offering whole, half, and quarter goal handicaps to provide more nuanced betting options.

First Goalscorer

You bet on which player will score the first goal in a match. Variations include betting on the last goalscorer or a player to score at any time during the match.

Double Chance

This market allows you to cover two of the three possible outcomes in a match (e.g., home win or draw, away win or draw). While the odds are lower, the increased chance of winning makes it appealing.

Draw No Bet

You bet on either the home or away team to win, with the stake returned if the match ends in a draw. This market reduces risk by eliminating the draw as a losing outcome.

Total Points

Common in sports like basketball and American football, you bet on the total number of points scored in a game, similar to the over/under goals market in football.

Outright Markets

These markets involve betting on the outcome of an entire tournament or league, such as predicting the Premier League winner or the World Cup champion. They often offer higher odds due to the long-term nature of the bets.

Specials (Prop Bets)

These bets focus on specific events within a game that are not directly related to the final outcome. Examples include the number of corners, yellow cards, or the time of the first goal.

In-Play (Live Betting)

Live betting allows you to place bets on a game as it happens. Markets and odds fluctuate in real-time based on the action, providing dynamic and immediate betting opportunities.

Accumulator Bets

Also known as parlays, these bets combine multiple selections into one bet. All selections must win for the accumulator to be successful, offering higher payouts due to the increased risk.

Choosing an Online Bookmaker

Selecting the right online bookmaker is crucial for a successful and enjoyable sports betting experience.

Start by considering the bookmaker's reputation and reliability; look for well-established names in the industry with positive user reviews and a strong track record. Ensure the bookmaker is licensed and regulated by a reputable authority, such as the UK Gambling Commission, to guarantee fair play and secure transactions.

Next, evaluate the range of sports and betting markets offered. A good bookmaker should provide a wide variety of options, from popular sports like football and tennis to niche markets. Pay attention to the odds they offer, as competitive odds can significantly impact your potential winnings.

Customer service is another essential factor. Look for bookmakers with responsive and helpful support teams available through multiple channels, such as live chat, email, and phone. Additionally, examine the available banking options, ensuring they support your preferred methods for deposits and withdrawals, with reasonable processing times and fees.

Lastly, consider the usability of the website or app. A user-friendly interface, easy navigation, and a seamless betting experience can make a big difference, especially when placing live bets. By carefully assessing these factors, you can choose an online bookmaker that best suits your needs and enhances your sports betting journey.

Through our rigorous testing methods, we've carefully reviewed UK betting sites and UK betting apps.

Below you can find all of our reviews and guides, split into each category.

Sport-specific bookmaker reviews

Payment method-specific bookmaker reviews

You can also read our individual bookmaker reviews for a more in-depth guide to each betting site.

How to Sign Up to a Betting Site

Signing up to a betting site is a straightforward process that typically involves the following steps:

  1. Choose a Reputable Betting Site: Start by selecting a reliable and licensed bookmaker. Ensure the site is reputable and offers the sports and betting markets you are interested in.

  2. Visit the Website or Download the App: Go to the bookmaker’s website or download their app from your device’s app store.

  3. Locate the Sign-Up/Register Button: Look for a button or link labelled “Sign Up,” “Register,” or “Join Now.” This is usually prominently displayed on the homepage.

  4. Fill Out the Registration Form: You’ll be prompted to provide personal information such as your name, date of birth, address, and email. Ensure all details are accurate as this information will be used for verification purposes.

  5. Create a Username and Password: Choose a unique username and a strong password. Make sure your password is secure to protect your account.

  6. Agree to Terms and Conditions: Read through the bookmaker’s terms and conditions, privacy policy, and any other relevant documents. Confirm your agreement to these terms by checking the appropriate box.

  7. Verify Your Account: Most betting sites will require you to verify your account. This often involves clicking a verification link sent to your email or providing additional identification documents, such as a copy of your ID or utility bill, to confirm your identity and age.

  8. Claim Free Bets and Bonuses: Many betting sites offer welcome bonuses or free bets to new users. Check the promotions section or follow the instructions provided during the sign-up process to claim these offers. You may need to enter a bonus code or opt-in to the promotion.

  9. Set Up Payment Methods: After verification, navigate to the cashier or banking section to set up your preferred payment methods for deposits and withdrawals. Popular options include credit/debit cards, bank transfers, and e-wallets like PayPal and Skrill.

  10. Make Your First Deposit: Deposit funds into your account using the chosen payment method. Ensure you check if your first deposit qualifies you for any additional bonuses or free bets.

  11. Start Betting: With your account funded and any bonuses claimed, you can now explore the betting markets and start placing your bets. Always bet responsibly and within your means.

Betting Strategies

Developing effective betting strategies is essential for increasing your chances of success and managing your bankroll. Here are some popular strategies to consider:

Research and Analysis

Successful betting often starts with thorough research. Analyse statistics, team form, player performance, and other relevant data. Stay updated with news and developments in the sports you are betting on, such as injuries, transfers, and weather conditions.

Bankroll Management

Effective bankroll management involves setting a budget for your betting activities and sticking to it. Determine the amount of money you are willing to risk and avoid chasing losses. A common rule is to bet only a small percentage (e.g., 1-2%) of your total bankroll on each bet to minimise risk.

Value Betting

Value betting involves identifying bets where the odds offered by the bookmaker are higher than the actual probability of the event occurring. This strategy requires a deep understanding of the sport and sharp analytical skills. Consistently finding value bets can lead to long-term profits.

Betting on Underdogs

Betting on underdogs can be profitable if done wisely. Bookmakers often overestimate the chances of favourites, leading to potentially lucrative odds on underdogs. Look for situations where an underdog has a genuine chance of winning, such as when a favourite is underperforming or facing key player absences.

Specialising in Specific Markets

Focusing on specific markets or sports can give you an edge. By specialising, you can gain in-depth knowledge and spot opportunities that general bettors might miss. For example, you might become an expert in tennis or focus on in-play betting for football matches.

Arbitrage Betting

Arbitrage betting involves placing bets on all possible outcomes of an event using different bookmakers to guarantee a profit regardless of the result. This strategy requires access to multiple betting accounts and quick reactions to changing odds. While it offers risk-free profits, opportunities can be rare and margins often small.

Matched Betting

Matched betting takes advantage of free bet promotions offered by bookmakers. By placing a bet on all possible outcomes using free bets and lay bets on betting exchanges, you can secure a profit. This strategy is popular among beginners and those looking to minimise risk.

Following Professional Tipsters

Many professional tipsters offer betting advice and predictions based on their expertise. Following reputable tipsters can provide valuable insights and improve your betting decisions. However, it's essential to verify their track record and be cautious of scammers.

Keeping Records

Maintaining detailed records of your bets helps track performance and identify successful strategies. Record the type of bet, stake, odds, result, and profit/loss for each wager. Analysing your betting history allows you to refine your approach and learn from mistakes.

Emotional Control

Betting with a clear mind is crucial. Avoid making impulsive decisions based on emotions or recent losses. Stick to your strategies and remain disciplined, even during losing streaks. Emotional control helps maintain a long-term perspective and prevents reckless behaviour.

By adopting these betting strategies, you can enhance your betting experience and improve your chances of making informed and profitable decisions. Remember, there are no guarantees in betting, so always gamble responsibly and within your means.

Betting Laws in the UK

The UK boasts a well-regulated betting industry, primarily governed by the Gambling Act 2005, which ensures fair play, consumer protection, and responsible gambling.

The Act established a legal framework covering all forms of gambling, including online betting, sports betting, casinos, and lotteries. To oversee and enforce these regulations, the UK Gambling Commission (UKGC) was created. This body licenses operators, monitors compliance, and enforces standards to ensure fairness, transparency, and player protection.

All betting operators serving UK residents must be licensed by the UKGC, ensuring they implement measures to prevent financial crimes and promote responsible gambling.

Advertising by these operators is strictly regulated by the UK Advertising Standards Authority (ASA) to prevent misleading or harmful content, with a particular focus on protecting children and vulnerable individuals.

The legal age for gambling in the UK is 18, and operators must verify the age and identity of their customers to prevent underage gambling. Additionally, responsible gambling measures are mandated, requiring operators to provide tools for players to manage their habits and access support if needed.

Online betting operators must comply with the Gambling (Remote Gambling and Software Technical Standards) Regulations 2007, ensuring their systems meet high security and fairness standards.

Betting operators are taxed on their profits, contributing to regulatory and public health initiatives. Consumer rights are robustly protected, ensuring fair treatment and clear information about terms and conditions.

The UK’s regulatory framework balances the benefits of a thriving betting industry with the need to safeguard consumers and promote responsible gambling practices.

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Author

Josh Miller
A sports editor and writer with over five years of experience in editing, feature writing, blog writing and SEO. Experienced in creating sports-related content, like football feature articles, and writing about topics relating to sports gambling. Along with Sporting Post, I have work featured in the football publication VAVEL.
Bradley Gibbs
Sports betting writer with more than 12 years worth of experience writing about several sports and gambling topics. Value bet finder looking for edges on football, horse racing, tennis and golf, all of which I have covered extensively as a writer. My work has featured on many websites, while I’ve also been published in The Racing & Football Outlook, a popular UK betting newspaper.