How to Bet on Sports at GGbet
To get started with GGbet online bookmaker, you need to sign up for an account. If you qualify for a bonus, you can claim it and then use it to bet.
Once you have made a deposit, choose the game that you want to bet on. For example, let us say you want to bet on NBA. To start betting, choose basketball on the side panel, and then choose NBA. You will see the matches and the odds, and then you can start placing your bets.
Once the game is over and you win, your prize will be visible on your account balance. If you want to withdraw, click on the withdraw button and follow the prompts. Make sure that you have verified your identity to prevent delays.
Now, there are two main types of betting called pre-match and live. In pre-match betting, you place your bets before the games begin. You are betting on only one winner. Live betting means you place your bet when the game is already in motion. Because the game has already begun, the odds fluctuate. For example, if the score of the Lakers is 46 in the second quarter and the Spurs is at 76, then the odds of winning will shift to Spurs, and therefore the sportsbook will pay less for those who bet on Spurs before the third quarter begins.
How to Understand Betting Odds
There are three main ways by which sportsbooks display their odds in online betting offers. These are Fractional, Decimal and American. For betting odds, we use decimal odds.
Here is an example of decimal odds, which we use for sports bets on our site.
- Pacquiao: 1.9
- Mayweather: 2.5
This means if you wager $1 on Pacquiao and he wins, we will pay you 1.9 times your bet. In this case, we will pay you $1.90. This payout already includes your bet, so your profit is only $0.90. The decimal odds are easier to understand if you bet on sports because the bettors only have to multiply their bets by the odds. So, if you bet $54 on Pacquiao and he wins, your prize will be $54 x 1.9 = $102.6. If you subtract your capital, which is $54, your profit is $48.6.
Here is an example of fractional odds:
- Pacquiao: 10/11
- Mayweather: 9/4
The denominator is the amount of bet you have to put in. The numerator is the amount of money you win, not including your bet. In this example, you have to bet $11 on Pacquiao to win $10. The sportsbook online will pay you a total of $21.
Here is an example of American odds:
- Pacquiao: +585
- Mayweather: -760
You have to bet $100 on Pacquiao to win $585. The total payout for you is $685. For Mayweather, you have to bet $760 to win $100.
GGbet Sports Betting Options
At GGBet, we have the best betting offers. To make this happen, we cover a myriad of sports and sporting events. The top five most played sport disciplines in the world are Football (Soccer), Cricket, Hockey, Tennis and Volleyball. Below you will see our league coverages.
- Europa Conference League
- France Ligue
- England Premier League
- USA MLS
- Spain LaLiga
- Japan J1 League
For soccer, the markets we offer are Total, Winner, Over/Under and Handicap.
- Moscow Liga Pro
- WTT Contender Budapest Men and Women Singles
The only betting market we offer for table tennis is the Winner.
For ice hockey, we offer the following markets: Match Period 1, Period 2, Total and Handicap.
For tennis, we offer markets for Match Set 1 and Set 2.
- CEV EurVolley
- South Korea Kovo Cup
Finally, the markets we offer for volleyball are Match, Set 1, Set 2, Set 3, Total and Handicap.
For all our sporting events, you have the option to bet on any of them. We also offer draw results where they apply.
Sports Betting Bonus Offers
We want betting online to be accessible and exciting, so we have many bonus campaigns at GG Bet. We do spoil our players when it comes to bonuses. The bonuses we offer vary from the casino to the sports and eSports sections. No matter what game you want, we have something for you. Here are our regular bonus campaigns:
- First deposit bonus – a 100% matchup on your first deposit. The 100% has a limit, which is called a cap. This limit varies. For example, if we put the limit at $110, then the maximum money we will give you is $110 from a deposit of $110. Those who sign up will also get an exclusive bonus. Use the bonus code GGCHALKY to claim it.
- Match bonuses – match deposit bonuses can be used by both new players and those coming back. The match bonus is similar to the first deposit bonus in principle, but we change the matchup percentages from time to time. For example, you can get up to a 200% match bonus if you deposit within a certain period.
- Cashback offers – this bonus means we will give you back 10% of your losses up to $150. The cashback is based on deposits you made of at least $5 the previous week. You must also bet in games with odds of at least 1.75, and the bet must at least be $5.
Occasionally, we may offer 15% on our cashback promotions. Always log in to your account to see which promotions are active. Take note that each bonus type has its own terms and conditions. Some bonuses have wagering requirements, which means that you must bet your winnings several times before you can withdraw them.
GGbet online sportsbook is the home of sports fans and bettors. We are one of the best betting sites in the world. Sign up now for a free account and experience the difference. Our site is live all the time, and there is always a game going. We also offer live online sports betting—you can bet even after the games have begun!
Sports Betting FAQ
- How to calculate a bet value?
To calculate a value bet, simply get the probability of winning against the implied probability or winning amount. For example, if you toss a coin, the probability is 50-50. If heads win, you win 3.0. If tails win, you win 1.5.
In this case, the formula to determine the bet value for heads is (1 / 3.0) x 100. You will get 33.33%. Since we know that the probability of landing heads is 50%, it is higher than 33.33%. What this means is that it has a positive value. It is positive because if you subtract 33.33% from 50%, you get a positive value of 16.67%. Now, if we do the math for the other one, we will get (1 / 1.5) x 100 = 66.67%. This is a negative value because if you subtract 66.67% from 50%, you get -17%.
As you can see, those who want to win in sports betting will always take this into account. They will only bet on odds that have a positive value. They do not bet based on sentiments.
- What is a sportsbook margin (juice/vig)?
A sportsbook margin or juice/vig is the profit margin of the booking company. Sports betting does not always payout in a 1:1 ratio. Typically, a sportsbook company offers betting odds that, in the end, still make them profitable. This profit is made possible by paying less money to bet favourites and higher on underdogs. If the sportsbook manages to balance the bets, then they merely transfer the money of the losers to the winner, but with enough left as profit.
Here is an example:
- Heads – 1.9
- Tails – 1.9
If you bet $1 on heads and you win, the sportsbook will give you $1.90. This prize includes your bet of $1. Your profit is $0.90. The same thing goes for the tails.
If two players wager $1 each for heads and tails, the sportsbook got a total revenue of $2. No matter who wins, the sportsbook will pay $1.90 only, leaving $0.10 as a profit.
This profit is the vig (the vigorish). In this case, the profit margin is 5% of the total revenue ($0.1 / $2)*100. All betting odds are like this. To ensure that the sportsbook will not lose, they will close the bet on heads if there is an imbalance. For example, if ten people already placed a bet on heads and only 5 on tails, you can no longer bet on heads. Your only option is to bet on tails.
- What is arbing? (arbitrage betting)
Arbitrage is the process of betting on a sports betting site for a high price and then betting against that at a lower price. You can only do this is if you see a discrepancy between sportsbooks that you can exploit. It does not guarantee a win, but it guarantees not losing.
For example, let us say that Sportsbook A has these odds:
- Pacquiao – 1.9
- Mayweather – 1.9
Then, Sportsbooks B has these odds:
- Pacquiao – 1.4
- Mayweather – 2.5
What you can do is bet $56.82 on Pacquiao from Sportsbook A. If he wins, you will win $56.82 x 1.9 = $107.95. Subtract your bet of $56.82, and your profit is $51.13.
Simultaneously, you bet $43.18 on Mayweather on Sportsbook B. If he wins, you win $43.18 x 2.5 = $107.95. Subtract your bet of $43.18, and your profit is $64.77.
Your total cost for betting is $100. No matter the outcome of the game, your overall winning is greater than $100. If Pacquiao wins on Sportsbooks A, your total profit is $7.95. If Mayweather wins in Sportsbook B, your profit from sports betting online is also $7.95.
- What betting systems can I use?
The sports betting site or system you should use is one that you trust. We at GGBet is a name that has credibility attached to it. We ensure that we pay our players on time and that our odds are fair.