Sports betting may be a successful option for newcomers to the Philippines to earn some additional money. For Filipinos interested in getting into sports gambling, here are a few pointers regarding how to get involved and start making the best of your possibilities.
What is Sports Betting?
Before we even get to how to begin wagering on your favorite sports from the Philippines, we must first introduce what sports betting is. Many consider sports wagering to be nothing but luck, with several arguing that sports betting can and should be regarded as a risky job.
While we will not go into that debate, it should be stated that there have been many successful sports bettors such as Billy Walters. Sports betting really and truly is a wager on the outcome of a match between two teams. That being said, sports wagers have evolved over the years, and today, you can bet on several events that might happen through said match.
Betting In The Philippines
Now that we briefly introduced the idea of sports betting, it’s time to look into how you, too, can join in on the fun, and perhaps, with some luck or skill, you, too, can make a profit!
Finding A Good Online Bookie
Searching for a good online bookie to bet on is the first and essential step when beginning your gambling journey. Finding a bookie can be quite a task. If you know where to look, you can find that online gambling in the Philippines is surprisingly easy to get into.
This is due to the fact that there are a lot of online casino review sites that compare and review gaming sites that are offered to residents in the Philippines as an option. When looking for a bookie, these next steps are in consideration.
Make sure the site has a gaming license; this ensures that the bookie undergoes scrutinous checks to make sure they offer fair gaming to their clients. Next, you should check that the site takes your data seriously and uses encryption techniques, as well as the basic SSL certification. It should be stated that sites that do not tick either of the boxes above should be avoided at all costs!
Placing An Initial Deposit
After picking a bookie and signing up, your next step will be depositing your first funds into the account. Before we can place wagers with a bookie, we must first transfer money into the bookie site, which will then give us credits/funds to be able to place wagers on the said bookie.
Your initial deposit may need the submission of a digital version of your driver’s license or id Card. After that, your initial deposit should appear in your player account instantly.
Keep note that deposits made by ACH, eCheck, or debit card might be declined if the sending bank does not accept the transaction. Payments made using PayPal and Play+, on the other hand, are approved a perfect 100% of the time.
Placing A Bet
Now that you’ve signed up and placed your initial deposit, we can start to look for sports and games to wager on. Online sportsbooks often provide betting options on a wide variety of popular and lesser-known sports from across the world. On the main page of many sportsbooks, for instance, selecting the “A-Z Sports” link displays a list of every sport on offer.
When you go to the site and select the sport in which you want to wager, the menu that appears will include all the games you may play and the various wagers you can make on them. To place a wager, you need to click on the line, and your wager will appear on the bet slip.
The possible winnings for this wager will be displayed on the bet slip when you enter the desired wager amount. After entering your stake, you will have to select “Confirm” (or a button with a similar name) to submit your bet to the bookie.
What’s A Successful Sports Bettor?
Try having a frank discussion with yourself about your motivations for engaging in online gambling. It’s a common fantasy of many to make a living off of sports betting. The truth is that it’s a challenging putt to sink. At regular odds of -110 and a matching vig of 4.76%, the golden number for successful betting is 52.4%. Sportsbooks will charge you a fee known as the vig or vigorish for taking your wager. Always keep in mind that even if you manage to win 52.4 percent of the time, you’ll still just be breaking even at best.
It’s likely that you partake in sports betting on the side. For your entertainment, check out an MMA fight video, and place a moderate wager. The old adage says that you should wager with your intellect and not your heart. A better time is had by all for such players.