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Real Money Sports Betting Online

Before the days of online sports betting sites, you’d have to go off to a bookie to physically place your bets. Now, there’s a safer option in the shape of real money online sports betting websites. That means you can place your bets on your favourite sports, players and team all from the comfort of home.

Gamble at the Best Sports Betting Sites

With so many sites out there, knowing the best sports betting sites can be hard work for many punters. That’s why we rate and review the best sports betting sites for you to spend your hard-earned cash at with peace of mind that all your information and money will be safe and secure.

Betway
#1

Betway

Bonus: 125% Extra Bet     
Bet.co.za
#2

Bet.co.za

Bonus: up to R500 Free     
SportingBet
#3

SportingBet

Bonus: up to R1,000 Free     
Betting World
#4

Betting World

Bonus: No Current Bonus     

Understand How Deposits and Withdrawals Work

All online sports betting sites require real money for wagers, no matter what you want to bet on. Before you can place a bet, you need to deposit funds into your punter account at the real money sports betting site of your choice.

Making a deposit is typically very easy. The majority of sites accept major credit cards, debit cards and e-wallets or online payments and even direct bank transfers. There are even sites today that accept Bitcoin.

Most reputable sites require you to verify your identity. This is usually quick and easy and can be done when you’re setting up your account and making your initial deposit. Others may ask for verification only when you make your first withdrawal. Either way, all it usually requires is that you send the site a copy of your ID and one or more other proofs of identification to protect you and the online sports betting sites.

Once you have made your deposit and it has been processed, you can start placing your bets.

Withdraw Your Winnings Online

Most bookies will allow you to make withdrawals via card or bank transfer. Carefully check for any restrictions before you withdraw those winnings. Sometimes, accepting an enticing bonus from a site with a deposit will have some sort of restrictions on your withdrawal.

How Claiming a Bonus Can Affect Your Withdrawal

When you decide to bet with the best sports betting sites, getting the most out of your wager is important. But, the best sites know that it takes a lot to keep your interest, which means they offer exciting incentives and bonuses to keep you coming back.

The types of incentives vary from one site to the next and are updated regularly, so it’s all about research. But, remember to read the fine print before you take a site up on their offers, as it often affects when and how you can withdraw your winnings.

Strategic Betting Works in Your Favour

You probably work hard for your money, so you don’t want to just throw it on any old bet. For newbies, real money sports betting can be scary stuff. But, depending on how and who you bet on, there’s always a good chance of winning. But, knowledge is key. With the right amount of research, strategic betting will always be the way to go. Check out our section on betting tips and strategy.

Understand the Odds and How Different Bets Work

When it comes to wagering at online sports betting sites, you need to have a good understanding of the odds and how different kinds of bets work. The most common bets include:

  • Spread
  • Moneyline
  • Parlay
  • Over/under

Different Types of Online Bets


The Spread

If you’ve ever watch a sports betting type of movie or TV show, you’ve probably heard of the spread. It is by far the most popular kind of sports betting and is created by the odds makers who evaluate several factors of a team or individual (depending on the sport) and devise a number that handicaps one person or team over the other. The team or person the odds maker things will win is then given a negative numeral and the team though to lose is given a positive number.

It’s worth noting that the point spread, essentially, is merely a handicap for the purpose of betting and doesn’t have place in the actual game or tournament. Essentially, it’s designed to give both teams or participants equal chance at winning in terms of wagers.

For example, when the teams meet on a soccer field, one team is usually stronger than its opponent. If all you had to do was pick a winning team, everybody would just wager on the strongest team and collect their winnings. Bookies would go broke very quickly.

Moneyline

The moneyline bet is another popular kind of bet offered at the best sports betting sites. Unlike when you bet on the spread, the moneyline bet doesn’t have a handicap. With a moneyline bet, the underdog tends to pay higher than the team predicted to win.

When you place a moneyline bet, you bet for the person or team that wins or loses. In order to differentiate the potential winners or losers, bookies determine the odds of both the winning and losing teams or individuals in a matchup. The potential winner is then given a negative number and the underdog receives a positive numeral.

Parlay

If you are more of an experienced punter when it comes to real money sports betting, the parlay may well be the wager for you. This kind of bet involves punters placing a single bet on two or more games. The bets are most often based on the spread.

Parlay bets can have exceptionally high payouts compared to betting on a single player or team. That’s because it’s an all or nothing kind of wager – either all the teams win, or the punter loses. So, take note, the odds of winning tend to be a great deal lower.

Since you’re playing with the spread with a parlay, there might be times where a team ties the spread. When this happens, the bet is actually ignored, and the rest of the teams play out the bet, usually with lower odds as there are then less teams involved.

Bookies tend to love parlays as they force punters to be right on the mark. It’s difficult enough trying to win straight bets, so despite the larger payouts, parlays are very risky in the long term. However, there is one particularly good time when it’s worth using parlays and that’s when you come across a semi-correlation.

True correlated parlays aren’t usually accepted by bookies. But, you should still have an understanding of what they are. A correlated parlay is when you attempt to parlay two events that are directly correlated, like taking a team to win the first half of the game as well as the entire game.

Another kind of parlay bet that the best sports betting sites offer is known as a progressive parlay bet. With this bet, you can lose a certain number of games and still come out on top. The bets pay out the full amount if all your teams are correctly chosen but pay is then reduced if some of the teams lose. Most online sports betting sites allow for one team to lose in a four to six team bet, or two teams to lose in a seven to nine bet. Not ever real money sports betting site will offer this option, though.

Over/Under

In terms of an over/under bet, punters can wager on the total amount of points that will be scored in a game as over or under a particular amount. It is the odd makers that set the amount. So, with over/under betting, you bet on a number of goals, yellow cards, corners, or any other events in a game.

Essentially, you don’t have to guess the right number of events in a match. Rather, you should guess whether the final number will be either under or over the line set by the bookies.

The most common market for over/unders in terms of soccer matches is 2.5 goals. This means you can bet either under 2.5 goals and you’ll win if two or less goals are scored, or you can bet on over 2.5 goals and you will win if three or more goals are scored in the match.

When it comes to over/under sports betting, there really are just two possible outcomes and that can significantly increase your winning chances.

Always Gamble Responsibly

Placing your bets at the best sports betting sites is an incredibly exciting thing to do, but going in with no knowledge of betting or being blasé about your spending can cost you’re a great deal of cash. That’s why it is always important to gamble responsibly.

Knowing you can place your bets safely and securely at reputable real money sports betting websites is of paramount importance. That’s why 247 Bets make sure that the sites we review offer the best in class security technology to ensure your data is safe and secure. Based on our tips and advice, we hope that you always gamble responsibly and seek help if you need it.