The betting industry in the United Kingdom has seen tremendous growth in the past decade alone supposing growth recorded over the century before. The passage of the Gambling Act on 7th April 2005 set the ball rolling and proved to be the turning point for the industry. The development in technology and especially online betting sites that developed in the past decade has contributed immensely to the fabulous growth of betting in the UK. In fact for the year ending September 2017, online betting in the UK amounted to some £2.0 billion. This is a huge growth considering that online betting was virtually none existing before 2007.
In the UK, just like most other countries in the world betting involves a huge number of events. People place bets on many events such as the potential names for the next British royal baby or even the next prime minister of England. It is sports betting that really hold the spotlight when it comes to betting in the UK. The UK is generally a sporting nation with one of the best football leagues in the world and plays host to the annual sporting events such as the London marathon and the Wimbledon open among many other top international events. Betting on these events can earn one a decent profit. Football is by far the most popular sporting events that gamblers in the UK bet on. To make money betting on football one was to watch and understand the teams playing. This way one can increase their accuracy of predicting the outcome of the games being played. Besides football, horseracing and tennis are other popular sports that wagers place their bets on in the country.
To make money from betting in the United Kingdom whether one is interested in a sporting event or some other event, the key is to understand the betting odds. Bookmarkers use betting orders to make a determination of the likelihood of a given outcome occurring in a given event. Punters, on the other hand, use the odds to determine how much they will receive a payout based on their stake should their prediction of a given outcome come to pass. In short, the odds are a number that indicates the probability of a given outcome occurring in a betting event. Short odds indicate a given outcome in an event is likely to happen while longer orders mean that a given outcome in a given event is less likely to occur.
There are three main types of odds to pay attention to fractional odds (popular in the UK) the decimal odds (popular in continental Europe and the American odds. Most bookmakers use the fractional odds in the UK. For example, a major bookmaker list odds for teams to win the 2019/2020 EPL as Chelsea 10/11, Everton 9/4 and Southampton 7/1. In continental Europe, the decimal odds are very popular. For example, a betting website could list the odds of winning the 2020 elections in the United States for different candidates as Trump 2.12, Biden 1.98 and Warren 5.24. Americans prefer the American odds which are often referred to as moneyline odds. The odds are accompanied by either a minus (-) sign or a positive (+) sign indicating either the amount one needs to wager to win $100 or the amount one will win for every $100 staked. For example, a bookmaker could list the odds of candidates winning the Democratic presidential nomination as Biden -240, Warren +270, Sanders +150 meaning that a punter will need to wager $240 on Biden to win $100 while another punter will win $150 for every $100 waged on Sanders.
Matched betting is a betting technique used by punters to guarantee profits from their betting. Usually, these punters take advantage of the free bets or some bonus and other incentives offered by bookmakers to place two bets one predicting a given outcome for a given event while other against the given outcome on the same even. In this way no matter the outcome the punter wins. For example, one could stake a given amount of money on the probability that Tottenham will win their next game. At the same time, the individual will use a free bet to place a lay bet on a betting exchange betting against Tottenham winning the same game. In this way, the punter will win a profit no matter the outcome of the game. This is why this technique is referred to as no risk-matched betting because there is no risk on the part of the punter.
Every country has its own betting sites that offer different betting events to punters. The UK has over 100 sites offering betting services in the country. Some of the most popular batting sites in the country include:
With the UK have one of the most established sport betting industry many people especially those from the United States will love to try their luck on the country's betting sites. The good news for most punters is that, yes you can bet on many UK betting sites from abroad. Some of the most common betting sites available for punters abroad include:
Note that, it is important that you read and understand the rules in order to bet on these sites from abroad. Some may limit the amount you may stake while others will limit the number of events available to foreign punters. But they all offer great fun and a chance to earn some money for talented punters.