Our guide will help all online punters to find everything about sports betting, including placing bets, tips for newbies, common betting mistakes, and more.
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Online Sports Betting – How to Get Started
In the Philippines online sports betting is one of the most popular entertainment options for locals and tourists alike. The industry is booming thanks to the new advancements in technology and the ever-growing demand for more sports betting options. There are numerous legal online sports betting sites that offer popular types of sports markets like soccer, football, volleyball, tennis, and many others. You will come across different bet lines, odds, and betting options too. The best part is that some leading sites offer live betting and live streaming on different sports events.
The best bookmakers recognize PHP as a viable currency and accept multiple payment options, including credit and debit cards, e-wallets, bank transfers, and cryptocurrencies. These websites protect you by using the latest technology like Secure Socket Layer (SSL) to ensure that no data leaks to third parties. In this guide we have included all you need to know before getting started, including the benefits of sports betting, key terms, how odds work, how to place bets, top tips for starters and more. Find out more about online sports betting in the Philippines in our comprehensive guide below.
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Why Bet at Online Sportsbooks?
As one of the best pastime activities, online sports betting comes with many benefits to the players. But before we look at the advantages of betting online, it is important to know what it is.
What is Sports Betting?
Sports betting is a form of gambling that involves placing bets on different activities with the hope of winning money. It’s online version is very much similar and, in fact, offers many more benefits. It requires punters to join different online bookmakers, of course. These bookmakers usually offer a variety of bets like total goals, halftime goals, handicap and others.
Benefits of Online Sports Betting
Certainly, online sports betting is more accessible than ever and has a plethora of benefits that land-based bookmakers don’t carry. Here are some of the advantages for both beginners and experienced bettors:
Convenient to Bet: Betting online is quite convenient compared to placing bets at brick and mortar gambling venues, where the time or place to place bets is restricted. Additionally, there is no official dressing code for betting online platforms. You can even bet from your couch!
Multiple Betting Options: You can wager on almost anything at online sports betting sites. The wide range of betting options gives punters a higher chance of winning. The most popular markets include football, tennis, volleyball, basketball, etc.
Big Bonuses and Regular Promotions: Online bookmakers offer different sizes and types of bonuses as a way of attracting new customers, as well as retaining the existing ones. Some of the rewards include welcome bonuses, reload bonuses, match-up bonuses, and many others.
Great Opportunity for Making Money: Top online sports betting sites offer big opportunities of winning real money. Some operators even reward big jackpots to all customers.
Better Odds: Online sports betting sites tend to offer bigger odds compared to land-based shops and venues. Better odds means that the amount you expect to win is bigger than normal.
Free Live Streaming: Some online sports betting sites offer customers the chance to stream live events of different sports from anywhere. It is not only fun but you also get access to even bigger odds.
Mobile Compatibility: Mobile devices have become common today and they offer punters the chance to bet on their favorite sports from wherever they are in the Philippines. Some bookmakers have downloadable mobile apps for Android and iOS-powered devices, while others are accessible directly via standard web browsers.
Learn New Sports: Online betting sites have all kinds of different sports markets and new ones come up regularly. This gives a chance to learn about new sports that have been added on the list.
Entertainment Value: The main purpose of sports betting is for entertaining. Philippine bookmakers provide all forms entertaining as well as real money winning opportunities.
Easy to Get Started: You don’t have to be an expert to start betting on sports. All bookmakers offer simple and straightforward guidelines for beginners.
Excellent Customer Support: Online betting sites employ highly qualified support agents to provide all the assistance you may need. Players can contact the agents in the local languages via different options like live chat, email, and telephone.
The Mechanics of Sports Betting
Before you start placing bets at any bookmaker, it is essential to understand the basics. First, by placing a bet you are risking some money with the hope of winning but should be prepared to lose if luck isn’t on your side. Also, you need to know the three components that make up every wager, including selecting wagers, the staked amount, and the odds of the outcome selected. Only then you can make an informed decision on how and what bet to place.
Online Sports Betting Terminology
If you are new to online sports betting in the Philippines, you need to know the different sports betting specific terms that are used and their meaning. They most common betting terms to keep in mind are:
- Accumulator – It involves a series of bets in a single wager. Each selected bets must win for the wager to win.
- Arbitrage – This is a betting strategy involving wagering on all possible outcomes in an event to guarantee profit regardless of the winner.
- Asian Handicap – Asian Handicap is a soccer bet where the underdog team is added an extra point to give it advantage over the opponent.
- Bet Limit – It is the amount of money a sports-book will accept on a specific bet.
- Juice – In other words, the operator’s commission. The term mostly refers to 11 to 10 soccer bettors lay on straight bets.
- Odds-maker – This is the person that creates odds on sporting events, but he’/she isn’t the same as the person who accepts bets.
- Grand Salami – It refers to betting on the grand total of goals that are scored in all listed games of the day with a specific league, like the EPL for example.
- Bankroll – Bankroll is the total amount you need to place to wager on different sports.
- Beard – It is when you place a bet on behalf of another player.
- Betting Exchange – This is where you wager against another punter instead of a bookmaker. In return, the operators on betting exchange sites deduct a small percentage from the winning wagers. A betting exchange is a relatively new but very popular type of betting.
- Bonus – It is an incentive rewarded to customers by operators to boost their bankroll.
- Double Chance – Double Chance is a European bet type that is widely used in football betting. It allows you to wager on two opportunities at the same time.
- Expected Value – It is the calculation used by a punter to determine whether the wager will win or lose over time.
- Fixed Odds – This type of odds is fixed and don’t change over time.
- Margin – With this wager, you select a team to win or lose by a specific number of points regardless of the point spread.
- High Roller – A punter who likes placing big stakes on matches.
- Moneyline: – A wager in which point spread is replaced by odds and your favorite team either needs to win or lose. Read our Moneyline betting guide if you want to know more
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Understanding Odds
Online sports betting odds can be quite confusing, especially if you are a beginner. It is essential to understand the betting odds and all that they entail before starting. Note that calculating the different odds is more or less the same, regardless of the bookmaker that you are using. The odds format may vary from one site to another and also depending on your location.
Fractional Odds
Fractional odds, also known as British or UK odds can be found in some of the biggest Asian online sports betting sites. They are, in fact, the most sought after odds on the market. As you would expect, the odds are in the form of a fraction. The total payout in fractional odds is calculated as follows:
Total Payout = {Stake x (Numerator/Denominator)} + Stake where numerator/denominator is the fractional odd.
Decimal Odds
Decimal odds, also known as European odds or digital odds, are widely known and the second most popular in the sports betting world. They are quite easy to handle and work in a straightforward way. Normally, the decimal odds number represents the possible amount you can win for every unit of currency that you spent. You can calculate the total possible return on a stake as follows:
Total Payout = Stake x Decimal Odd Number
Moneyline Odds
You can find Moneyline or American odds in United States-based bookmakers. The odds assigned for favorites are usually accompanied by a negative – the amount you need to stake to win $100.
How to Place Sports Bets
For beginners, placing online bets on their favorite teams or players can be a challenging task. You don’t have to worry because we have your back. As you may be aware, you can place single or multiple bets depending on the website you are using. Depending on the betting site that you are using, you can place bets via different methods, such as mobile betting, SMS betting, betting shops and others.
There are numerous sports markets available to Filipino punters to choose from. Those include popular ones like draw no bet, both teams to score, to win from behind, half time-full time result, double chance, over/under, match result and more.
Steps to Placing an Online Sports Bet
Placing a bet is not all that complicated. Here is a step by step guide to placing bets online:
- First, select a reputable online Sports-book that accepts Filipino punters.
- Register an account at the Sports-book.
- Then log in to your new account and make the first deposit.
- Go to the betting section and select the markets you wish to wager on.
- Enter the amount you would like to stake before placing the bet.
Top Tips for Beginners to Sports Betting
Though placing bets is simple, you need to learn some techniques and nuances to be successful. If you are a newbie, then these tips from our professional experts with help you to increase your winning opportunities:
- Know the available types of bets and how they work.
- Understand offered odds.
- Learn to identify the favorites and underdogs.
- Know how much you want to bet.
- Learn bankroll management skills.
- Compare the odds and line shopping.
- Do your research well, without it betting becomes a pure luck game.
- Do a proper record keeping of all your bets.
- Set realistic and achievable goals.
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Common Sports Betting Mistakes
In sports betting, there is winning and losing. Even though no one likes making mistakes, some can be hard to avoid. To be a successful bettor, you should avoid the following common mistakes that are made by many punters:
- Sticking to one online sports betting site only.
- Using wrong or outdated statistics.
- Trying to get wealthy quickly and bet irresponsibly, know your limits
- Not doing sufficient research before placing bets.
- Betting while under the influence. Always keep a clear head and never chase losses.
- Betting on a site that is not safe. Avoid suspicious websites,
Conclusion
Online sports betting is a booming business not only in Asia but around the world too. Today, there are plenty of bookmakers that accept Filipino punters to place bets on different sports events. However, before you embark on betting online, you need to ensure that you have selected a safe and reputable website. Of course, finding the best bookmaker is not a simple task, you need to test different sites to determine the one that is best for you. You may find the information on our website that we provide rather useful in selecting the right site and bet for you.
Thanks to the availability and affordability of mobile devices you can now access live and pre-match events from anywhere. So, what are you waiting for? Join in on the fun at any reputable betting site and start betting right away. Who knows, you may win big!
FAQ
Online sports betting is a legal business in the Philippines as it is operated and regulated by the Philippine Amusement and Gambling Corporation - PAGCOR. Filipinos may also place bets at any other licensed and regulated international betting sites.
There are numerous betting sites in the Philippines to choose from. The best betting sites are the ones that offer a wide range of bet options, generous bonuses and promotions, decent odds on sports, has convenient payment options and reliable customer support.
Yes. Filipino online gambling betting enthusiasts can open accounts at multiple websites and bet on their favorite sports.
Yes. Depending on the online sportsbook that you are using, you can wager on your favorite teams from anywhere in the Philippines. There are many bookmakers that have downloadable apps for Android and iOS devices. Alternatively, some betting sites can be accessed instantly through standard web browsers like Chrome, Firefox, Opera, and Safari.
There are numerous types of online sports betting markets available for Filipino players to choose from. The number of markets will vary from one website to another. The most popular sports betting markets include football, volleyball, basketball, tennis and many others.
All licensed online casinos operating in the Philippines support multiple payment options, including popular ones like Mastercard, Visa, Neteller, Skrill, Paysafecard, Wire Transfer, Direct Bank Transfers and others.
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