Looking to learn more about sports betting? Read this comprehensive guide for a walkthrough of what it is and how you can get started.
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Sports Betting Online in the Philippines
With many people around the world having access to the Internet, it has become easier to bet on a wide range of sports. Of course, the number of sports betting sites in the Philippines and beyond is increasing daily. Because of the high demand, even some of the most popular online casinos now offer a sports betting section.
But in order to be successful, understanding how sports betting works and the various bet options is crucial. So in this guide, we’ll discuss everything you need to know in order to begin your journey as a sports bettor. In addition, we’ll guide you through selecting the right online platform for your needs.
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What is Sports Betting?
Sports betting is essentially a form of gambling where players wager on the outcome of a certain sporting event. Of course, the objective is to not only win some money from your stake but also to have fun. Fortunately, the industry has grown over the years and now Filipinos can bet on just about any sport. Moreover, you can choose from a variety of bets, sports tournaments and competitions, and even pop culture events.
Types of Sports Betting
Sports betting involves wagering on sporting events and more specifically, their results. Nowadays Filipinos can bet on a wide range of sports like soccer, tennis, horse racing, boxing, basketball, and many others. Additionally, gamblers may also bet on entertainment and other pop culture events around the world. For example, singing or dancing competitions, political elections, and more.
Fixed Odds Sports Betting
There are different types of sports betting, each with its own unique features. Fixed odds are pretty self-explanatory – players bet on the possibility of a certain outcome in a sporting event. As the name implies, the odds are fixed.
eSport Betting
This type of betting involves wagering on video games, such as: Starcraft, Call of Duty, and Dota2. It works the same way as regular sports betting, just on different types of events.
Parimutuel Betting
Parimutuel betting, also referred to as pool betting, is a betting system where bets of a particular type are grouped together into a pool.
Single Bets, Accumulator Bets, and Combination Bets
Basically, the simplest type of sports betting is single bets – they reflect an individual bet on a particular game result. On the other hand, accumulator bets contain several selections but to win all of them must be correct predictions. Of course, there is an option to place a combination bet of both single and accumulators at the same time.
Live Sports Betting
Because of the better odds, live betting is popular not just in the Philippines, but in many places around the world. Simply put, live sports betting offers an opportunity to place wagers as a particular event unfolds. Moreover, the odds fluctuate during the event and give a chance to profit more with the right bet. Usually, top online casinos in the Philippines also offer a live streaming service and real-time stats to make betting easier.
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Exchange Betting
While most sports betting online happens through sportsbook sites, there is an alternative. With exchange betting enthusiasts can bet against other bettors rather than a betting site operator. For example, you can bet on Manchester United to beat Southampton, while another player can bet on the opposite. In the end, the exchange winner walks away with the money. However, this type of betting also includes fees that go towards the exchange betting platform which facilitates the transactions.
Popular Formats of Sports Betting Odds
Odds play a critical role in sports betting, and to become a skilled bettor, it is essential to understand them. Besides indicating the value of a bet, odds also determine the potential winnings from it (along with the bet size). Additionally, odds can help evaluate the likelihood of a specific outcome occurring. Here, we will discuss the most common types of sports betting odds at online sportsbooks in the Philippines:
Decimal Odds
As the name implies, these odds are expressed in decimal format. For example, Manchester United (1.7), Draw (3.0), Southampton (4.0). Decimal odds make it easier to calculate the expected profit by multiplying the odds by the initial stake.
American Odds
Although American odds are most common in the United States, sportsbooks in the Philippines also support this format. The underdogs have a positive (+) sign for the betting odds, while the favorites have a negative (-) sign. Using our example above, it would be Manchester United -1.7 and Southampton +4.0.
Fractional Odds
Fractional odds are most commonly available in the United Kingdom. Of course, they come in a fractional format, hence the name. For instance, Manchester United (1/1) and Bournemouth (4/1). Many sports bettors in the Philippines prefer these, as they are easy to grasp.
Calculating Odds
Of course, calculating the odds in sports betting looks a little different with every format. Here’s how to do it:
American Odds
American odds have a pretty simple format, with positive and negative signs. For example, they can look like this:
- Tottenham -120
- Chelsea +111
If you stake 1,200 PHP on Chelsea with the above odds, you will win 1,332 PHP. The calculation goes as follows: (1200×111)/100 = 1,332 PHP. Together with your initial stake, you will walk away with 2,532 PHP.
Decimal Odds
Say you bet 1,200 PHP on Arsenal in a match with decimal odds of:
- Arsenal 2.3
- Leicester City 1.32
To calculate your payout, multiply your stake by the odds of the team you’re betting on. So, the formula would be: (Stake x Odds) – Stake = Profit. So, in this case, (1,200 x 2.3)-1,200 = 1,560 PHP in winnings.
Fractional Odds
A match with fractional odds can look like this:
- Barcelona ½
- Real Betis 2⁄5
In this case, you’ll multiply your stake by the odds numerator and then divide that by the denominator. So, if you bet 1,200 PHP on Barcelona, then: (1,200 x 1) / 2 = 600 PHP.
How to Start Sports Betting Online
If you’re eager to start your online sports betting journey, it’s essential to grasp some fundamental concepts. For example:
Placing Bets: At its core, sports betting revolves around placing wagers on various sporting events. To get started, select a bet and specify the amount you want to wager.
Value Betting: While betting may seem straightforward, the art of identifying worthwhile value bets is paramount to optimize your potential winnings.
Hedging Your Bet: Employing a hedging strategy involves placing a secondary bet to secure a profit. So regardless of the initial bet’s outcome, you will win.
Arbitrage Betting: Arbitrage or also sure bets, is a strategy of placing wagers on sporting event outcomes with odds that guarantee profits, regardless of the actual result.
Staking: Staking involves the placement of bets on a specific betting site.
Of course, ensuring that you secure the best odds is essential for maximizing your profitability.
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Popular Betting Sports in the Philippines
There are a wide variety of sports that you can bet on at leading online casinos in the Philippines. These sports have different betting markets and are usually played during different seasons. Here are some of the most popular ones:
Football
It goes without saying that football is the most popular sport in the world. It’s also the most popular sports people bet on. Because the game is very simple, it’s very popular. Moreover, football is played at various levels, from amateur to professional. Bettors from the Philippines can wager on different football leagues and matches worldwide. For example, the English Premier League, Serie A, or La Liga.
Basketball
Basketball is another popular sport in the Philippines and other countries around the world. Like football, bettors can wager on different betting markets. Actually, basketball is one of the most famous sports in the Philippines, regulated by the Philippine Basketball Association (PBA). Moreover, it’s the most common betting choice for Filipinos.
Rugby
Rugby has been very popular amongst Filipinos for many years now. The Philippine Rugby Football Union (PRFU) governs and oversees rugby in the country. But of course, when betting on rugby online at a sportsbook, you can wager on foreign sports events, too.
Cycling
Cycling is increasingly becoming popular in the Philippines. After all, it’s a fun and exciting sport. Filipinos can wager on racing events in the country, as well as international tournaments.
Volleyball
Cycling is progressively becoming a sought-after betting sport, as it is both entertaining and thrilling. UAAP is the most popular volleyball tournament for bettors in the Philippines. Of course, betting on volleyball offers many markets.
Boxing
Boxing is another well-loved sport in the country, thanks to the celebrated boxing champion, Manny Pacquiao. Filipinos can place bets on boxing events held in the Philippines and worldwide through online betting sites and real money casinos.
Sabong
This cockfighting sport is very popular in the Philippines, There are special arenas for Sabong. and thanks to the internet and online gambling development, Sabong betting attracts a lot of bettors.
Sports Betting Bonuses and Promotions
Just like casino game enthusiasts, bettors can take advantage of many bonuses and promotions offered at sportsbooks and online casinos. Here are the most common sports betting offers:
Free Bet – Some operators will allow gamblers to place free bets, where you’re essentially wagering without risking real money.
Welcome Bonus – The welcome bonus is often a percentage match of the first deposit and is for newly registered casino members.
Cashback – This is a bonus, where the casino refunds a part of your bets if you don’t win.
Reload Bonus – This bonus is awarded when you top up your betting account, hence the name – reload bonus.
Loyalty Bonus – Betting and online casino sites reward gamblers who bet regularly on their platforms with a loyalty bonus.
High Roller Bonuses – Bettors who place large bets, or high rollers, are eligible for this special bonus.
How to Choose the Right Betting Destination
To engage in sports betting, it is crucial to select an appropriate betting site or online casino. With a plethora of options available in the Philippines, it is important to pay attention to a few things:
- Licensing and Regulation – A good betting site should hold a license from the PAGCOR Regulatory or any recognized jurisdiction in the world. For example, the Malta Gaming Authority, the Gibraltar regulatory authority, the Isle of Man Gambling Supervision Commission, and others.
- Safety and Security – Gambling platforms online should employ the latest encryption technology, such as SSL encryption, to protect user data.
- Bonuses and Promotions – Virtually all betting sites and casinos offer bonuses and promotions. Taking advantage of these incentives will increase your playtime and boost your winning chances.
- Payment Options – The best casino sites offer a range of payment methods that bettors can use to make deposits and withdrawals. Make sure you can transfer in Philippine Pesos.
- Wide Range of Bets – A great betting site, be it a casino or a sportsbook, offers a wide range of betting options to choose from.
- Customer Service – Of course, a good online casino should offer around-the-clock customer support. Ideally, agents will speak Tagalog.
Mobile Sports Betting
With many people preferring their smartphones, betting sites strive to make their platforms mobile-friendly for wagering on the go. Generally, there are two ways to bet on your mobile device. You can bet through your device’s web browser or a dedicated mobile app. The former doesn’t involve downloading any app on your phone. Moreover, the mobile version of casinos and betting sites usually has all the regular features. Of course, if there is an app, it’s much more convenient.
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Is Sports Betting Profitable?
Yes, you can make a profit by betting on sports. However, there’s never a guarantee of success. But there are a few tips and strategies you can employ to boost your winning chances. Most importantly, gamblers should understand value betting. This will help you choose which bets to place to maximize profits. In addition, it’s good to learn how to compare odds and implement bankroll management strategies.
Sports Betting Pros and Cons
Like everything else, sports betting has advantages and disadvantages. Below, we look at the pros and cons of sports betting to help you decide whether to venture into it.
Pros
- Lucrative bonuses and promotions;
- Chance to win some real cash;
- Plenty of betting markets;
- Wide range of payment methods;
- Live betting in some sports.
Cons
- Sports betting is addictive;
- No guarantee to win;
- You risk losing your money.
Summing Up
Sports betting has become a popular form of gambling in the Philippines. It offers an opportunity to profit from your passion for sports. However, starting this journey requires some special knowledge. For example, bettors should know about odds, bet types, and how to pick value bets. Of course, like any form of gambling, there’s never a guarantee you will win. But with the right strategy and bankroll management, Filipinos stand a chance to win big. Sports betting is available for a number of sports like basketball, boxing, or football. Before getting started, make sure you pick a reliable betting destination. Our casino reviews can help find an operator that offers this service.
FAQ
You can access a wide range of bonuses for sports betting, including reload bonuses, welcome bonuses, high roller bonuses, and more.
There's no 100% effective strategy, but you can try helpful strategies like managing your bankroll and choosing value bets for optimal chances to succeed.
Odds indicate the opinion of the oddsmaker. They are often multiplied by the stake amount to determine how much you will win.
Absolutely! As long as you select a reputable betting site, your safety is guaranteed when betting on sports.
Yes! Most betting sites and casinos are mobile-friendly, allowing you to wager on the go.
You only need a passion for sports and a good betting site. But don’t skip learning about the different types of odds, sports bets, and how to place bets.
Actually, not at all. Some basic math will help you calculate your potential profits but online odds calculator can do that automatically if you don't want to do it yourself.
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