Sports betting has been a popular pastime for many Europeans for some years now. Few see it as a way to improve their finances on a grand scale, which is quite possible, but most see sports betting as a hobby.
It is fun to deal with the topic of sport in general, to exchange ideas with players on the platforms of the betting providers and, of course, to compete with them and put your own knowledge to the test. Meanwhile, many millions of people in Europe play regularly and, as I said, they are by far not just sports experts. If you are interested in becoming an active part of sports betting, the first question is where to place your bets and what to consider when choosing a provider. This is explained in the following article.
Sports betting in Europe
Betting, gambling and sports betting have in principle always existed. However, all of them have been discredited in the story. For example, the Roman Emperor Nero managed to win the Olympic Games in the year 67 in six different disciplines. This also includes the car race and that, although he even fell out of the car – which leads to disqualification according to the rules. He achieved his success through sufficient bribery. Unfortunately, this was not an isolated case, which ultimately led to sports betting and gambling no longer having an immaculate reputation in today’s society. But back to the future, sports betting is now done on the Internet. This option has been available to Europeans since 2011. Before that, there were already online sports bets, but only via foreign servers and not quite legally. This was followed by a partial opening for the industry, which made it possible for the betting participants to legally pursue their hobby and for the companies to be able to access new customers. Europe was thus able to better regulate the market and got a slice of the cake with the betting tax of five percent. This is why online sports betting in Europe is a proverbial new hobby. A new way to pass the time and similar to online trading, a leisure activity where you can earn a few euros on the side.
This is how sports betting works today
Before we get to the points where you can find a betting provider and what to look out for when making your selection, we will briefly explain how sports betting works. The Internet and technological progress have created many new opportunities. Who would have thought at the turn of the millennium that you could communicate over the continents via video chat without time delay or annoying jerking? The submission of sports bets was also facilitated. Today you no longer have to go to a betting office, but can go online and place bets from the comfort of your own home, on the train, with friends or in a bar. Meanwhile, there are numerous sports, leagues and almost infinite betting options. A bookmaker, as the betting providers are also called, manages around forty different sports, including basketball, football, Formula 1, tennis, golf, handball, athletics and a few others. Then the different leagues are added. However, these do not only apply to Europe. You can place bets on the Italian, English, French, Spanish, American, in short, on almost all countries of the world and their sports leagues. In the German Bundesliga, bets are possible up to the fourth league. You choose a sport and league in the country, look for a match, race or other sporting event and then for an attractive betting option. A betting option is a single bet offered for the sporting event. A concrete example would be the winner of a game. If you recognize a betting option that is risk-free and has a good odds, i.e. a profit margin, you can enter an amount and place the bet. The whole procedure may read a bit longer as text and sound complicated, but ultimately the betting is completed within a few seconds.
Finding the right betting provider
But in order to be able to place sports bets at all, you have to create a user account with a betting provider. As well as the many possible bets, there are also numerous providers. Of course you can find them on the internet. There are large companies, which can be seen in the advertising break or on posters, as well as new providers, which may even have better odds. First of all it has to be mentioned that the choice for a bookmaker is an individual decision. Each vendor has different advantages and disadvantages and there is not one perfect bookmaker. Otherwise, all customers would be registered only with him. The bookies can all be found here. This comparison page lists both established and new providers.
The criteria for a serious bookmaker
The large selection raises the question of what makes a good provider. The first and most important criterion for a good, serious bookmaker is the license for gambling. Sports betting and gambling are regulated in Europe by a law, the so-called Gambling Act. The licence comes from Malta, Gibraltar, Curacao, England or Schleswig-Holstein. It is the legal basis for the fact that the offer of the bet offerers is legal and without worries an account can be opened and bets be transacted. The next important criterion are the certificates, of which a provider can also have more. It is like a kind of seal of approval and the more a platform has of it, the better and safer the site is. On the European side, such certificates come from MGA in Malta or the Gibraltar Gambling Comission. A certificate, which is often associated with a detailed test, provides information about the security of the site, the variety and quality of the offer, the service and support or even the level of quotas. You don’t have to search long for certificates and licenses. The betting providers usually present these proudly at first glance on their home page. If this is not the case, you should look for another provider. Further decision criteria are a competent and easy to reach customer service as well as numerous positive customer ratings on different platforms. There has already been the case with online casinos that there are fake customer reviews on internet portals that a fake provider rated as good and trustworthy, causing many there opened an account and deposited money. However, such providers are not present at the above mentioned link. If you find a provider with a valid license, several certificates and positive customer ratings, you are on the safe side.