Since sports have existed, people have enjoyed betting on them. This was originally done with a local bookmaker who you would have to physically go to in order to place your bets. Times have changed, however and now the online sports betting industry has largely moved online. This means that bettors from all over the world can bet on sports from all over the world. You are no longer limited to local sports and local sporting events. You are also no longer limited to the local bookie and what he has to offer. Bettors can now search online for the best odds and best deals and online bookmakers are being forced to improve their service to stand out in a competitive market. Players need to look out for the best betting options, including sports, wager types and wager limits and online bookies need to provide a competitive, but safe betting environment.
Bettors can easily compare the services offered by online bookies and choose the service that suits them best. There are many aspects to look into including the range of options available in regards to sports, wager types, tracks and more. Players also look into the areas of customer services, security, software features and functions, banking, credit lines and wager limits.
Betting Types and Limits
An online bookie, particularly if they make use of pay per head services is able to offer their customers a far broader range of options that they would have otherwise been able to offer. Wager types include money lines, teasers, futures, propositions, first half sides and totals, half time sides and totals and much more. An important aspect to take into account when it comes to online bookies is the wager limits that are set on your account. As a customer, you want to look out for the highest possible limits, allowing you to bet as much as you want on any sport or sporting event. As a bookie, it is important to set wager limits for each player’s account.
There are multiple reasons for wager limits to be set on a player’s account. First and foremost these limits will protect you as the bookie. In addition, they will protect the player from over-extending himself. These limits can be adjusted at any time, but it is important to start with a reasonable limit and extend them, rather than make them too high from the beginning. This could be risky for you.
As a rule of thumb, a maximum wager limit on an account should be set at 10 – 20% of the weekly limit for that account. This means that if the player has a $500 per week credit limit, the maximum wager for that player should be set at $50 – $100. As the weekly credit limit for a player increases, the maximum wager for that player will increase as well. Any successful online bookie will set wager limits for every player based on their personal and individual account.