Joy Anne Dela Pena
April 20, 2022
Sports Betting in Philippines
Online sports betting today is more prevalent than it has ever been. And now that you can bet on sports online, your possibilities as a bettor are practically limitless, thanks to the ever-increasing number of new sportsbooks that appearing on the internet.
The sports betting industry in the Philippines comprises two sides: a locally controlled market and a foreign-based market. Local websites are licensed by the government operated Philippine Amusement and Gaming Corporation (PAGCOR). These websites provide Filipinos with casino games, PBA odds, and a small range of sports, the most of which are based on Asian basketball leagues. The odds, however, aren’t quite as good as one would expect!
Understanding what sports betting comprises and your main goal is the first step toward being a good sports bettor. Whether you’re betting in a physical store or online, the goal is the same: to win a bet (also known as a wager) on the outcome of a sporting event. But you won’t win every time.
Choose The Best Bet Types For You
We’ll show you which betting kinds are best to start with as a rookie, as well as which bets will take your sports betting to the next level, in our basic and easy-to-understand guide to sports betting types. We break down all of the most prevalent betting options so you can always choose the right wager for every situation.
Analyze the different types of sports bets listed below to see which one sounds like the best fit for you.
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Types of Betting
Money Line Bets
When you bet on the money line, you’re picking a side to win straight up, meaning there’s no point spread involved. In sports betting, this is the most basic and popular type of wager.
For example, in NBA if you like the Los Angeles Lakers team to win, you would bet on their moneyline. If the Lakers win, your bet wins. If the Lakers lose, your bet will be lose.
Totals (Over/Under)
The most popular sports wager, aside from moneyline and spread wagers, is the point total. A figure is specified for the combined final score of both teams in this type of sports bet, and you bet on the actual score staying “under” that total or going “over” the set number. When it comes to football and basketball, you can often bet on a total line for each half of the game.
For example, in basketball game if the final score of Lakers is 105, Clippers 98, only 203 combined points were scored. Therefore, the under is the winning bet.
Parlays
A parlay bet is a wager on the outcome of multiple bets. A parlay is appealing to many bettors because it allows them to bet a small amount and win a huge amount, as their earnings are multiplied after each win. However, They are one of the toughest to win.
Teasers
A teaser bet is similarly to a parlay in that it combines two or more picks into a single bet, but you can now manipulate the point spreads in your favor in exchange for a lower overall payout. This is the most favorite among experienced sports bettors.
Live Betting
A parlay bet is a wager on the outcome of multiple bets. A parlay is appealing to many bettors because it allows them to bet a small amount and win a huge amount, as their earnings are multiplied after each win. However, They are one of the toughest to win.
Prop Bets
Prop bets, also known as proposition betting, allow you to wager on parts of a sporting event other than the final score or conclusion. A game prop is a wager on a specific outcome in a game, such as who will score first or who will score 20 points first.
Point Spread
Point spread betting is another extremely popular sports bet that you can choose. When betting on a spread, you are betting on a team’s margin of victory rather than the final result.
Future Bets
A futures bet, known as an outright bet, gives you the opportunity to bet on an event long before it happens. This can include things like winning an MVP award, a league title, or a team’s total amount of victories.
Betting Odds
Odds are the representation of the probability or likelihood of a specific outcome in a sporting event in sports betting. Because online sportsbooks display odds differently depending on the sport and area you’re betting on, it’s critical to understand how odds operate and how to read sports betting lines.
Most online betting companies provide you the option of choosing between different types of betting odds. When betting on sports, understanding the betting odds is critical to your success.
The odds for sports betting can be displayed in three distinct ways. Fractional, decimal, and money line odds.
Fractional Odds
The fractional odds are the most commonly used in United Kingdom (UK) and Ireland. These odds represent the net sum that the bettor will get if they win after deducting their stake.
for example a fractional is listing of 6/1 (six-to-one) odds it means that you will win $6 against every $1 you wager, in addition to receiving your dollar back. In another way, this is the ratio of the amount (profit) gained to the initial bet, which implies you’ll get your stake ($1) plus the profit ($6) for a total payout of $7.
Therefore, if you stake $10 at 6/1 and win, you get a total payout of $70 ($60 profit + $10 stake).
Total Payout = (Stake x (Numerator/Denominator)) + Stake.
Decimal Odds
The most widely used odds format in the world is decimal odds, any experienced bettors opt to use decimal odds, even if those aren’t the native odds type of jurisdiction. Apart from the United Kingdom and Ireland, they’re most popular in Europe, and sports bettors in Australia prefer them.
Total Payout = Stake x Decimal Odd Number.
Money Line Odds
They’re one of the easiest to comprehend. The amount you must risk to win $100 is indicated by a negative (-) sign next to the odds for favorites. For underdogs odds, on the other hand, are accompanied by a positive (+) sign and indicate the amount won for every $100 staked.
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ONLINE SPORTS BETTING SITE IN PHILIPPINES
Popular Sports You Can Bet On
A normal bookmaker will provide you with over 20 different sports to choose from. Some will stick out more than others, owing to their extensive and widespread popularity. It’s simple to wager on these sports because the rules are straightforward to understand.
Gamers now have access to a multitude of data thanks to technological advancements, which can substantially boost their chances of correctly predicting the outcome of a sporting event. We now have internet connection that allows us to look up statistics on any sports team or individual player.
However, there are other more sports on which to wager. It’s important to know how each of them works, so you can find the most suitable forms of sports betting for your personal needs and goals.
Basketball
You don’t need to be an expert in basketball to correctly predict the winners. The PBA, NBA, FIBA, Euroleague, ABA League, ACB League, and others are among the easiest basketball betting leagues to bet on and win.
Football
Soccer is the most played sports globally so it makes sense that it’s number 1 on the list globally. Horse racing used to be the most popular, but in-game betting and early cash outs have transformed football betting into a monster.
Tennis
This is probably a surprise to some bettors, but tennis is the third most popular sport to betting on globally. Tennis is an incredibly high-frequency betting sport due to the vast amount of possible outcomes. Live / in-play betting began with bets on who would win a set; now you can bet on who will win a game.
Boxing
Boxing has long been associated with betting, and while football, tennis, and golf have surpassed it, it remains a popular sport. However, is a little bit different – it’s all about the big-money events. Apart from that, boxing is a rather unique sport to bet on, and the numbers are increasing.
American Football
American Football, like rugby, which many regards to be its international equivalent, provides a fantastic mix of high-octane action and strategic depth. This results in a fantastic betting experience, with markets to accommodate all types of bettors.
Philipines Legal Online Sports Betting
For Filipino people, sportsbook gaming has evolved into an active, legally sanctioned type of gambling enjoyment. The Philippines’ booming market, along with technological technology, allows for a variety of legal sports betting options.
You can wager on sports without breaking any gambling regulations in the Philippines. Domestically based Philippine internet gambling services can only offer services to outside players under existing legislation, leaving residents with little options for gambling in the Philippines.
Offshore sportsbooks that are licensed by the Philippine government not only allow Filipino bettors, but they are also recognized legal by the Philippine government. A court ruling from 2012 declared it legal for Filipino players to place wagers online using legally sanctioned methods. Residents can now use offshore sportsbooks that have been approved and regulated by a reputable authority.
