Sports Betting in the United Kingdom

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In the United Kingdom, sports betting is very popular and huge among many individuals. You can find yourself placing bets on several different types of sports including rugby, cricket, football (or soccer as some may know it) among many other sports available to bet on.

Sports betting can be a very exciting and interesting sport to take part in, which is probably why it is so huge in the United Kingdom as well as elsewhere among the world. However, in the UK, unlike many other countries, the laws and policies regarding sports betting are pretty relaxed and stress-free. Sure, it is regulated drastically, but it is nowhere near illegal as in some countries. The government in the United Kingdom are more interested in creating less hassle, fixing the undesirable effects that sports betting has, fixing any mistakes or fraud that may be out there rather than just making it illegal. Sports betting is a huge part of the United Kingdom, so the UK government would rather not just get rid of it completely, but just fix the areas of concern.

The UK government does make sure that if anyone has any type of direct involvement in a specific game that an individual cannot bet on this game. Why you may ask? Well, if an individual is betting on a specific team to lose and the other to win, then it is very easy to make a deal with the team that they are betting on losing to make sure they trash the game. Makes sense, right?

The United Kingdom uses fractional odds rather than money line odds or decimal odds when it comes to sports betting. They all say the exact same thing, just in a different manner, which is preferred by the UK. You will usually see money line odds used in the United States whereas you can find decimal odds mainly in Australia and parts of Europe. Still confused? In the UK, 1/1 would be an even money bet in the United Kingdom. +100 is the way a money line would be expressed in America and in France or Australia, you would find the decimal odds shown as 2.00.

There are many different ways to bet that are popular in the United Kingdom. For example, you can bet on the outcome of one single sporting event or you can place bets on multiple sports events. Multiple sports bets is a bet that is placed on more than one sporting event, but is only one single bet. In most cases, all of the bets placed must win in order for you to profit from a multiple bet. If there is a loss in any of the sporting events that was placed in multiple sport bet, then the bet is simply invalid and you lose with no receiving of profits.

In addition, you can also take part in betting pools as this is another popular way to bet in the UK. Normally, a group of co-workers, or just a group of individuals, take part in this type of bet together. A few bets are wagered and if there are any winnings then they are divided between the individuals within the group, or betting pool. You must keep in mind that the house will keep a transaction fee from your winnings, mainly as a service or convenience charge, when betting pools are used. The house may be a casino, online sports book, or even an offline sports book. It all depends on where you place your bets.

Sports betting can be very profitable if you know what you are doing, where to do it, and as long as you have fun while indulging in such an act! Remember that the next time you place a bet – have fun but know what you are doing!

 


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January 18, 2014: posted in Sport Betting No Comments

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