Even in the earliest forms of society, humanity has been competing to see who was faster, better or stronger. As long as there has been friendly competition, there have been individuals willing to take wagers on the outcome. If you are an MMA fan, surely you’ve predicted the outcome of a fight before. By following a few simple steps, you can turn your predictions into quick money.
How is sports betting any better than gambling at a casino?
In a casino, the odds are always stacked against you. The games are simply you versus the house. The casino only makes a profit when you lose. There is huge financial incentive for a casino to stack the odds against you. Sportsbooks don’t work this way. Because they only take a small rake from each bet, they make a little profit whether you win or lose. Sportsbooks have no control over the outcome of sporting events, and there is no way for them to scam or cheat their players. In fact, people who consistently win their bets tend to continue to place wagers. With this in mind, it’s actually in the best interest of the sports book for you to win.
Why Should I use Bitcoin?
Bitcoin is an pseudonymous cryptocurrency. While many sportsbooks use credit cards, there are many disadvantages to this system. First off, credit cards can take a long time to process. Although your card may be debited immediately, the sportsbook probably won’t actually receive that money for up to 30 days. This means that when you win a bet, the sportsbook won’t be able to send you your winnings immediately. They will need to wait until they receive the money from all of the bets before they can distribute the winnings. Another disadvantage of credit cards is fraud. Many sportsbooks become victims of fraud when unscrupulous individuals use stolen credit card data to gamble. If you win a wager against somebody who used stolen credit card information, it is possible you may not get paid. Because sportsbooks often have to eat these costs, they compensate for it by charging you a higher fee to use their service. Another disadvantage of credit cards is that, in many states, sports betting is simply not allowed. Because Bitcoin allows permanent, irreversible transactions, all of these issues are resolved. You are able to place your bet from any city, in any country. Bitcoin transactions are instantaneous, so your earnings can be dispensed to you almost immediately. Bitcoins have very low fees, so you are able to win big with each successful bet.
Where Should I Place my Bets?
Because Bitcoins are non-reversible, it’s vital that you select a sportsbook that is well established and used by thousands of members. NitrogenSports.eu is the cheapest and most reliable sportsbook that accepts Bitcoin. Registering on the website is a simple process. They also offer “two factor authentication”. This is a system that verifies each login with a simple text to your phone. This allows you to make sure that nobody is trying to break into your account, keeping your money secure.
How do I buy Bitcoin?
Purchasing Bitcoins is a very straightforward process. The first thing you need is somewhere to store your Bitcoins. Register on blockchain.info for a new wallet. A Bitcoin wallet acts a lot like a paypal account. It’s an easy to use website that allows you to store your Bitcoins, and perform transactions such as sending or receiving. Once your wallet is set up, you will need a way to convert your cash into Bitcoins. In the USA and Canada, Bitcoin ATMs are popping up all over major urban centers. Simply put your cash in the machine, enter your bitcoin wallet address, and the money will be deposited into your account in seconds. If there are no bitcoin ATMs in your area, check out localbitcoins.com. This website allows you to connect with local vendors who sell bitcoins. Some of them accept cash in person, while others accept a bank deposit. If that doesn’t work, check out buybitcoinworldwide.com.
How do the Odds Work?
Although the MMA odds can seem complicated at first, it is actually very simple. The most common method of betting is known as “money line”. Money line odds look like this:
Georges St. Pierre (-245)
Thiago Alves (+185)
In this example, Georges St. Pierre is believed to be the most likely to win the fight. The lower the number, the higher the chance of him winning. To understand what these numbers mean in terms of financial gain, remember that these are based around a $100 bet. Since Georges St. Pierre is minus 245, you will need to pay $245 for the chance of winning your bet back plus an extra $100 if he wins. However, if he were to lose, you would not get any money back. Thiago Alves is plus 185. If you were to place a $100 bet on him, you would earn your bet back plus and additional $185.
You might be thinking, “Hey, I could only earn 140% of my bet with GSP, but I could earn a 285% return betting on Thiago! Why not just bet on the underdog all the time?!”.
Don’t forget that these odds are based on the likelihood of winning. Because GSP is the most likely to win this fight, there is a small chance of losing. Sure, you could make a huge return betting on the underdog, but there is a good chance that you will lose your money.
What Fighter Should I bet on?
While some people like to just play the odds, it’s better to use your intuition here. This is where your personal knowledge of MMA really comes into play. Before you place a bet, think carefully about the fighters. What are their weaknesses? How have they performed in previous fights? Even if you aren’t that familiar with the particular fighters, it is very easy to find the information you need at http://www.sherdog.com .
Whether you are just a casual fan of MMA or a die-hard, there is always money to be made with MMA sports betting. Remember to take it slow, and make small bets until you feel comfortable with the system. No larger than 2% of your starting bankroll on any single play. Sports betting is not about going all-in at every opportunity. It’s about paying attention to the competitors, and playing carefully until the opportunity of a lifetime strikes.
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