Sports Betting
OKBET sports, the best online sports betting
OKBET Sports is more than just an online betting platform. We pride ourselves on our ‘player focused’ approach and have built a reputation for providing the best service to our customers, from cutting edge technology, enticing promotions and the latest sports betting odds.
Arguably our most popular and renowned service, our renowned sportsbook is where much of the magic happens. Here you’ll find live streams of all the major sporting events, including the NFL, MLB, NBA, NHL, football, tennis, rugby and more.
Our live betting feature allows you to bet on your favourites quickly, easily and in real time. Customer feedback is very important to us, so please feel free to offer your valuable suggestions to help us provide you with the best platform for all your sports betting, horse racing, poker and casino betting needs.
Introduction to Sports Betting Sport Betting Halls
How does sports betting work?
There are thousands of sports betting options, but the basic premise behind them is simply to predict that something will happen during a game or tournament and to take a chance that it will happen.
Sportsbooks will set odds based on the probability of these events occurring, allowing you to bet on the side you think will win, whereas sportsbooks essentially take the opposite view to that.
If something has a high probability of happening, then it is less risky and does not pay as much as something that has a lower probability but is more risky. The greater the risk, the greater the reward, but …… the greater the risk.
Most sports betting options offer two sides, such as team vs. team or YES. vs. No. However, some bets can have multiple betting options, such as picking which team will win the championship before the season starts.
The two most common sports betting terms are favourite and loser and they are usually two aspects of a bet that you can place. The favourite is the side, team or result with the higher probability of winning or happening. The payoff for betting on favourites is smaller because the risk is lower. The loser has a lower probability of winning. The reward for betting on the loser is greater because the risk is higher. If both sides have an equal chance of winning, then the odds can be equal for both sides, often referred to as a selection or pick.
OKBET offers a wide range of payment systems, whether it’s local banks, Gcah or cryptocurrency, all players can choose the method that suits them. These transaction options give you the flexibility to transfer funds to your account.
You can bet on sporting events with confidence at OKBET. We hold a gaming license from the Panama Gaming Control Board and our products are tested by independent gaming and betting equipment testers to ensure that games are played fairly and correctly.
Sports betting tips
There are endless strategies, but if you are just testing the waters of the sportsbook for the first time, here are some basic sports tips to keep in mind.
Be selective:
You don’t need to bet on every game. The best bettors rank their potential picks based on confidence and from there decide which ones are worth betting on. One of the rare advantages for bettors with sportsbooks is that the bookmaker has to set odds for each match. However, bettors can pick and choose which bets they want to place.
Home/away:
The location of the match can have a significant impact on the outcome. Some teams perform better on their own ground, while others struggle on the road. Home or home field is something that oddsmakers work into the point spreads and odds for the host team.
Line moves:
Sports betting odds are constantly being adjusted to suit sports betting action and other factors such as injuries or weather. Getting what you consider to be the best odds is essential to success in sports betting, and this means the timing of your bets, whether you bet before or after the line has moved.
Injuries/weather:
Injuries to key players and multiple positions can affect the outcome of a match. Bettors must pay close attention to any obvious injuries that may affect their bets. Weather is another factor to consider when betting on outdoor sports such as baseball and football. Rain, snow and wind can all affect the outcome.
Money management:
Depending on how much you have set aside for sports betting, you will need to specify a certain bet size for each bet so that a bad day of betting does not deplete your funds. Some people recommend risking between 1% and 5% of your capital on each bet, depending on your confidence in the game. If you have $100 to spend, you should keep your personal bets between $1 and $5.
Betting trends:
Be cautious when it comes to betting trends. There are plenty of betting trends in almost all areas of betting. The best betting trends are established over time and have a narrative or rationale to support their outcome. Beware of sporadic short-term betting trends based on small sample sizes. OKBET sports cares about you.
Know when to stop:
One of the best pieces of advice for new sports bettors is to know when to stop. There is a temptation to place more bets to make up for past losses, also known as chasing your bets when you’ve had a bad day. Emotional bets are not always wise bets, so it’s best to take a step back, regroup and shift your focus to properly researching tomorrow’s game.
Commonly seen bets in OKBET Sports
Whether you’re betting on online sports from your desktop or smartphone, you can quickly bet on sports events of interest to Filipino players on OKBET.
Now you can bet on the most popular sports betting options for Filipino players through OKBET and we will introduce you to these common betting options.
Pass bets, Futures and Over/Under bets. You can use Philippine pesos for all of these bet types.
Spread bets
Spread betting, or point spreads, is used to even out an uneven game. The spread is assigned to a game based on the expected difference in the final score or result, and the bettor must decide how much better one team is than the other.
Oddsmakers set handicaps between the two sides, forcing the favourite to win a certain number of points (also known as the cover spread) to win the bet, while allowing the loser to win outright or lose by a certain amount and still win the bet.
Spread favourites will have a negative (-) value against their spreads, while losers will have a positive (+) value against their spreads. If a match is too close to set the spread and both sides are considered to be tied, the match will be treated as one or more selections and you will simply have to choose which side will win outright.
Moneyline bets
Moneyline bets are the most basic type of sports betting: simply pick the winner. Moneyline bets are based on the implied probability of the outcome, such as one team beating another.
Even games don’t have point spreads or handicaps, so the odds line reflects the probability of the outcome, with lower risk lines (favourites) paying smaller returns and higher risk lines (losers) paying higher odds.
Hot favourites are indicated by a negative value (-) next to their odds and losers are indicated by a positive value (+) next to their odds.
Over/Under Bets
Over/Under bets or totals are based on the estimated total number of points, scores or goals scored by both sides in the match.
The odds maker will assign a total to a match and the bettor can choose whether the actual final score will be higher or lower than that estimated total. If the total is set at 50 points, a bet on the over will require 51 or more points to win, while a bet on the under will require 49 or less points to win.
If the final score produces exactly the same number of points as the over/under total, it will be scored as a draw and the bet will be returned.
Parlay bets
A Parlay bet is a combination of two or more bets that is used to achieve a greater potential return. However, to win a parlay, all bets involved must be correct.
The more bets you place, the greater the risk and the greater the potential reward. However, even if only one bet in a parlay is incorrect, the entire parlay is considered a loss.
Parlays can involve many types of bets, including point spreads, odds lines and over/under totals. If you are trying to decide which bets to place and want to know what kind of payout it will produce, try using our parlay calculator.
Sportsbook Betting FAQs
Is it possible to make money by betting on sports?
Yes, it is possible for you to make money betting on sports. However, we must be clear that it is no walk in the park to become profitable while betting on sports. Even the best professional sports bettors still lose wagers regularly. What’s important is for you to develop your sports betting and bankroll strategy so that you give yourself the best chance to make money over the long haul of your sports betting career.
How can I get started betting on sports?
If you’re brand new to betting on sports, it can be very tough to know exactly how you can get started. Luckily, we’re here to help you. We’ve developed a guide just for you that’s all about how you can get started with sports betting today. We’ll walk you through everything that you need to know and help you get things ramped up quickly. Click the link below to visit our beginner’s guide to sports betting page.
OKBET Sports
How can I sharpen my sports betting skills?
No matter if you’re brand new to sports betting or a seasoned veteran, there’s always room for improvement when it comes to your sports betting skills. The answer to this question will depend on how advanced you are at this point. Since there isn’t a one-size-fits-all answer to this question, we’ve included a few links below to different pages that we’ve developed to help sports bettors like you improve their betting skills.
How much money should I bet?
One of the most commonly asked questions by folks new to sports betting is how much money they should risk when placing a sports bet. In short, there is no blanket answer to this question. The amount of money that you should risk may vary from another person making the same bet based upon many different factors.
The most critical thing that you should do is establish a bankroll management plan. With this, you’ll devise a structured program that will help you determine how much you should wager at any given time. Without this, you’ll likely blow through your bankroll quickly and leave yourself without any betting funds. Click on the link below to view our page dedicated to bankroll management to see how you can establish a plan for yourself today.
What’s the best sport to wager on?
There’s no single answer here that will apply to every individual reading this question. Often, the best sport to start betting on is the one that you know the most about. If you don’t understand how a sport works, it can be challenging to decide which bet you should place. As you look to expand the number of sports you bet on, you can increase your knowledge of other ones by watching them and doing research on the internet. You can use the link below to view our guide on choosing which sports to bet on to learn more about how you can see which ones may be right for you.
How do I choose my selections?
Unfortunately, there isn’t a simple answer to this question. If it were that easy, sportsbooks would be out of business. One of our best tips for you is to bet on the sports that you know the most about and choose what you think the most likely outcome is. If you’d like to go deeper into how you can make your selections in the best method, then you don’t want to miss the information provided on the page linked below. Here, we’ll walk you through different things that you can utilize when you’re deciding on which selection you should make.
What types of bets can I place?
With sports betting, there are tons of different types of bets that you can place. In fact, it’s too many for us to cover them all here. However, we have developed a page that’s packed with information on all of the different types of sports bets out there. To view this page, use the link below, and you’ll be on your way to learning more about all of your bet type options.
How do I discern betting odds?
If you’re newer to sports betting, then you’re probably very confused about how to discern what the odds of a particular bet mean to you. We’ve been there before, and we know that it can be quite confusing. Because of that, we’ve developed a guide explaining all of the different types of sports betting odds. Using this guide, you’ll learn everything you need to know about how to interpret the odds of any bet that you are considering.
Which sport is the easiest to bet on?
While betting on any sport is a challenge, there can be more value in researching and betting on smaller-profile sports and leagues simply because not as much is known about them by both oddsmakers and the betting public.
Can you lose money on a winning bet?
Not normally. However, when betting on odds like moneylines you have to be careful of playing big moneyline favorites, as they do not return as much as you risk. You could theoretically win three-of-five bets but if those included some big moneyline favorites, you could lose money despite a winning record for your bets.
Sport Betting tip/ strategy Guide
Welcome to participate in the exciting sports events, you can find all the tips you have to know here.
