Online Betting

How Online Betting Works

You register an account with a licensed sportsbook, deposit funds, and place a stake on a specific outcome — a match winner, a total score, a player statistic, and so on. If your prediction is correct, you receive a payout based on the odds at the time you placed the bet. Odds reflect both the bookmaker's assessment of an outcome's likelihood and their own margin, which is why odds on the same event can vary meaningfully between operators.
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Online Betting — A Practical Guide

Online betting covers wagering on real-world sporting events — football, tennis, esports, and more — through a licensed operator's sportsbook, distinct from casino games like slots or roulette. Many of the casinos we review run a sportsbook alongside their casino games; this page covers how online betting actually works, the bet types you'll encounter, and what to check before choosing where to place a bet.

Common Bet Types

  • Match winner (moneyline) — betting on which side wins outright.
  • Handicap — a virtual scoring adjustment applied before the bet settles, used to level odds between mismatched sides.
  • Over/under (totals) — betting on whether a statistic (goals, points, etc.) finishes above or below a set number.
  • Accumulator (acca) — multiple selections combined into a single bet, with all legs needing to win for a payout, but at significantly higher combined odds.
  • Live (in-play) betting — placing bets after an event has started, with odds updating in real time as the action unfolds.

Understanding Odds Formats

Odds are usually displayed in one of three formats, and it's worth knowing how to read whichever one a sportsbook defaults to:
  • Decimal (European) — the most common format for German, Austrian and Swiss players. Odds of 2.50 mean a €10 stake returns €25 total (including your original stake) if it wins.
  • Fractional (UK) — shown as, for example, 6/4. A €10 stake at 6/4 returns €15 in winnings, plus your original €10 stake.
  • American (moneyline) — shown as a positive or negative number relative to a €100 stake (e.g. +150 or -120), more common on US-facing sites than European ones.
Most sportsbooks let you switch the display format in your account settings — decimal is generally the easiest to work with if you're used to European odds conventions.

Live (In-Play) Betting

Live betting lets you place wagers on a match already in progress, with odds adjusting continuously based on what's happening in the game. This adds a genuinely different dimension to betting compared to placing a wager before kickoff, but it also moves fast — odds can shift or a market can close entirely within seconds of a key moment, so it rewards quick decisions more than pre-match betting does.

What to Check Before Choosing a Sportsbook

  • Licensing. Confirm the operator holds a valid gambling licence before depositing — see our verified licences page.
  • Market coverage. Not every sportsbook covers the same range of sports and leagues in depth — check that your preferred sport is well covered, not just listed.
  • Odds competitiveness. Odds vary between operators on the same event — worth comparing if you bet regularly, since the difference compounds over time.
  • Payout speed. Withdrawal times for sportsbook winnings can differ from casino withdrawal times at the same operator — worth checking separately.
  • Live betting support. If in-play betting matters to you, confirm the operator offers it with reasonably fast market updates, rather than assuming every sportsbook handles live betting equally well.

Operators Offering Online Betting

Among our listed operators, VAVADA and Dolly Casino both combine casino games with sports betting. For sportsbook-specific welcome bonuses rather than the betting product itself, see our sports bonus page, which covers the promotional side in full.

FAQ — Frequently Asked Questions

Is Online Betting the Same as Casino Gambling?

No — online betting means wagering on real-world sporting events through a sportsbook, while casino gambling covers games like slots, roulette, and blackjack. Many operators offer both, usually as separate sections of the same platform with separate account balances or bonus terms.

What's the Difference Between Decimal and Fractional Odds?

Decimal odds show your total return (stake plus winnings) as a single number; fractional odds show only the winnings relative to your stake, with your original stake returned separately. See the odds formats section above for worked examples of both.

Is Live Betting Riskier Than Pre-Match Betting?

It isn't inherently riskier, but it does require faster decisions, since odds and markets shift continuously as the event unfolds. Approach it the same way as any bet — with a clear limit in mind before you start.
Authors
Björn Scholz
Head of Casino Research
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iGaming expert with 20 years of experience. Started as a professional online poker player, then moved into content covering online casinos, poker, and sports betting across publications including bonuscasinoexpert.com