What is sports betting

Sports betting is probably not new for many of us. But what is actually hidden behind this concept? Shortly saying, sports betting in India is a process that involves predicting the outcome of sporting events and investing money on the chosen outcome. Popular betting companies offer a huge variety of sporting events and different types of bets. You can bet on team victory here, number of goals or points scored, individual player achievements and much more.

History of betting

Sports betting has been around for over 2,500 years. In ancient Rome, gladiator fights were especially popular, and spectators often bet on one fighter or another to win. In Ancient Greece, the Olympic Games became a real sports festival, and many people bet on fist fights, chariot races and other competitions. There were no betting companies back then, and bets were made directly, often in the form of a verbal agreement. The winnings could be any material assets or other benefits, such as money, real estate, slaves or even positions.

Archaeologists have discovered fragments of ancient manuscripts indicating that the first prototype of modern betting appeared in the 5th century BC. The excavations also revealed a set of rules that were followed when accepting bets.

In the 3rd century, Rome introduced a law known as the lex aleatoria, which is considered the first betting law. It prohibited gambling, but allowed betting on sporting events.

Historical laws testify to the popularity and constant development of betting and gambling. For example, in 1254, King Louis the Saint issued a decree banning all gambling in France. Violators of this rule were punished by public whipping.

The first betting companies appeared in response to this popularity of betting. The very first officially recorded bet dates back to 1635, when Messrs. Prettyman and Havers bet on their horses in a race held in London's Hyde Park. They won twice as much as they bet, meaning the winning odds were 2.0. Thus, these gentlemen are considered a kind of symbolic founders of modern betting.

In past years, betting activity developed mainly at racecourses, with horse racing being very popular in both Europe and the United States. Back then, betting companies were not legally regulated, which meant bettors were risking their finances. At that time, organizations could not pay out the winnings, but such cases were extremely rare, which is not always typical even today.

However, the first official betting office appeared a little later - only in 1850 it was opened by Leviathan Davis and Fred Swindell. In 1865, Joseph Oller opened a central cash office for accepting bets in Paris. This enterprise gained enormous popularity, which led to the opening of many similar offices not only in France, but also in other European countries.

Online betting companies appeared with the development of the Internet. The first online bet was made in the 90s of the last century in Canada. Later, online wagering companies began operating in Europe and Asia.

Is there a difference between betting and gambling in India

Betting, which is a subtype of gambling, is a type of gambling. The term "gambling" is broader and is used to refer to games of chance in general, while "betting" refers specifically to wagering with bets.

Bets can be made on the outcome of various events, including the results of sports matches, changes in the price of cryptocurrencies, victory at the international Eurovision Song Contest and even the weather at Christmas.

For example, in the UK, Spain, Portugal and France, betting and gambling are considered roughly the same thing and are not differentiated. Gambling is illegal in the United States, but there is a form of betting called fantasy league.

Advantages

Entertainment and emotional interest become even more thrilling with sports betting. They allow you to actively participate in the game, support your favorite teams or athletes, and also worry about their success.

The possibility of winning is one of the attractive aspects of sports betting. If you bet successfully, you can win money, which gives you the opportunity to multiply your funds and benefit financially from your knowledge and analysis of sports events.

The opportunity to bet on different types of sport. You can bet on football, basketball, tennis, hockey, golf, boxing and many other disciplines by choosing the area that interests you.

Different types of bets allow you to choose options that suit your preferences and level of knowledge. Companies offer types of bets ranging from simple ones, such as betting on a team to win, to more complex ones, such as predicting the exact score or the time of the first goal.

Thanks to mobile apps and online platforms of betting companies, sports betting has become more convenient and accessible. You can place bets at any convenient time and place using your computer or mobile device.

It is important to remember that sports betting carries the risk of losing money, so playing responsibly and managing your bets wisely is very important.

Types of bets

There are different types of bets. Let's take a look at them.

1. A bet on the outcome of a match is the simplest and most common type of bet, where you make a prediction whether one of the teams will win or they will play a draw.

2. Totals are a bet on the total number of goals, points or other indicators scored or scored by teams in a match. You can bet over (over) or under a certain number set by the betting companies.

3. Handicaps are bets used to compare the odds of teams. The bookie sets a "handicap" for one of the teams, and you must predict whether the team will win, given this "handicap".

4. Special bets are a variety of specialized bets that can be linked to specific events in a match or the performance of a specific player. For example, a bet on the first player to score, the number of corners or yellow cards, etc.

5. Multiple bets are a combination of multiple bets in one, creating multiple bets such as accumulators, system bets, etc. In this case, all selected bets must be correct to win.

6. Live bets are bets that are placed in real time during a sporting event. You can bet on changing game conditions such as the next goal, the next shot on goal, etc.

7. In addition, there are other types of bets depending on the specific bookie and its services offered. It is important to read the terms and conditions to fully understand what types of bets are available and how they work.

How to choose the best betting company in India

If you want to start to make bets, then you should choose the betting organization. But how to choose the best company and will not be upset after playing? Let's look at the main points while looking for a betting company:

Firstly, pay attention to the availability of a company’s license. It guarantees the withdrawal of money and safe gaming.

A betting company is an organization whose activities are strictly controlled, which guarantees its honesty and transparency. The company provides the opportunity to access its website at any time, without any restrictions or problems.

Odds play an important role in betting. They show how much profit both the company and the player make. The higher the odds, the more profitable it is for the player.

An important aspect of the work of an organization is the presence of an action line. The greater the number of events and possible bets, the more options there are for the player. It is ideal if the office offers betting not only on popular championships, but also on more exotic and rare leagues.

Particular attention is paid to bonuses and special offers. Today, many companies run promotions to attract new customers by offering no deposit bonuses or bonuses when making transactions.

Having a mobile app is a very convenient option that allows you to place bets from anywhere using a smartphone. The functionality of the mobile application should be no worse than that of the browser version.

An important criterion is the possibilities for remittances. Ideally, the chosen company's website will offer a variety of verified transaction options, including e-wallets, bank transfers, possibly mobile operators and crypto wallets.

8. It is also worth paying attention to the minimum and maximum betting limits. The bet size should be affordable for beginners, so it is best if the office allows you to bet on a minimum amount.

Choose the betting company Linebet and bet with us!