All humans in one way or the other are gamblers. This assertion is not just about the game of luck that people frequently engage in today, rather it is about almost all areas of life where one has to take a chance and hope for the best outcome. Well, sometimes we are lucky and sometimes we are not.
The various activities that we directly refer to as gambling today are simply activities that have a direct gain or loss to it. The gain or loss can be financial or otherwise.
However, there are many activities both sporting and non-sporting in nature that go on in our society today in which these activities take place. Mostly referred to as betting, it has become quite a profitable and attractive venture.
Governments have become involved in these activities and they have become regulated such that a permit or license becomes necessary to carry on such a venture. But are there other alternatives?
Understanding Sports Betting
Generally, betting as in all forms of gambling involves making a prediction on an outcome and placing a wager based on that prediction. It has always been practiced in some form or the other in the past and was even declared illegal at various points in history.
Today however, sports betting is mostly legal in many countries especially in Europe and is a huge source of revenue to many establishments. Also, bets might be placed on some non-sporting activities like beauty pageants and award shows. The primary requirement though is that those activities have to be legal. You can read more on this here.
Types of Sports Bets
Win and Moneyline Bets
This is the most basic of the various types of bets that are out there and it is all about placing a wager on whom you think will be the winner in a game. Its simplicity also makes it the most widely known form of placing a bet.
This is another simple way of placing a bet. It can also be done alongside the win and moneyline bets. It is simply about placing a wager on the total number of points or scores that will be made in a game day.
The wager here is that the total points or scores will be over or under what the bookmakers have set as the totals line. Therefore, depending on your wager and on the outcome of the game, you either win or lose.
Point Spread and Handicap Betting
Point spread and handicap betting are two very similar type of bets. However, point spread is very popular and mostly used in the United States while handicap bets are more common in Europe. Here, a sportsbook predicts that a certain game will be won by a certain number of points. Your wager is primarily hinged on the fact that the sportsbook prediction is either high or low.
Futures and Outright Bets
Future and outright bets both mean the same thing. It is about placing a wager on who will be the winner in a competition, league season or tournament. An example will be placing a bet that Malmo FC will win the Swedish football league season when it finishes. They are called future and outright bets because they are made before or as the tournament or league season is about to start.
Proposition Bets and Specials
This type of wager is a bit different from all the others in that you can chose what to bet on in a game. You can bet on what the game scores will be or on who will score the most or at what time in the game that a particular person will score. So in essence you decide what it would be and the propositions are limitless (pun intended).
Parlays and Accumulators
This is trickish type of wager and should be avoided by amateurs. This is because, it involves making a series of picks as a single wager. One wrong pick out of all the other picks that form the single wager can derail your winning the wager. It does have high stakes though for the person who wins but the wins are rare and the game itself very risky.
Teasers and Pleasers
Teasers and pleasers to put it lightly is a more complicated form of parlays and accumulators. While it involves making a string of selections as part of a single wager, you are however allowed to move the point spread around in such a way that it favors you. This gives you a higher chance of winning than in a parlay. However, the reverse could also be the case in that spreading your points is to your disadvantage which makes your likelihood of winning harder. However, the payout if you are successful will be huge.
Government Regulations In Sweden
Now that betting is no longer illegal in many European countries, the new challenge that arises is the challenge of government regulation. This is not to say that government regulation is a bad thing. At least it reduces criminality and ensures that people are not being taken undue advantage of.
However, as is the case now in Sweden, the government does have a tendency to over-regulate thereby negatively affecting the free flow of the activity. This the government did in 2019 with the putting in place of new laws for gambling in Sweden. This new law required that license be obtained from the Swedish Gaming Authorities or the Spelinspektionen. They enacted the following rules:
- That every player must have their accounts verified within thirty (30) days.
- That every player now has the right to pause their accounts from between twenty-four (24) hours to thirty (30) days.
- That every player must set a daily, weekly or monthly deposit limit as a security measure.
The third rule is primarily where the challenge now lies. People do not appreciate government setting a limit on how they place their bets. This has led to the rise of the phrase ‘casino utan svensk licens’ (casinos without Swedish license). Beyond the phrase though, people are actively looking for alternatives and as you can imagine, there are alternatives.
Now, the phrase bettingsidor utan licens (unlicensed betting sites) is a huge thing among the Swedish people. Many of such sites have propped up both within and outside Sweden where individuals can place their bets. As an added advantage, they are safe and have generous bonuses to offer and are already attracting numerous people from within and outside Sweden.
There is this innate gambling tendency in every human that yearns for expression. Most of the times, it gains expression in the daily affairs and the decisions that one has to make.
At other times, it gains expression through such activities as sports bets which in itself can be great fun. With the great bonuses on offer at these sites, who wouldn’t want to wager on a chance at success?