Online sportsbook or the sports betting industry is a popular gambling method in Malaysia. Today, we are going to discuss what is sports betting/ sportsbook in general.
What is Sports Book/Sports Betting?
Sports betting/Sports Booking is the activity of predicting sports results and placing a wager on the outcome. Basically, every sport available under the sun is able for betting.
However, due to popular demand, Sports betting also extended to non-athletic events, such as reality show contests(example: who would win in a singing contest) and political elections, and non-human contests such as horse racing and cockfighting.
What does the Sports “Book” means?
The term “book” is a reference to the books used by wage brokers (bookies) to track wagers, payouts, and debts. Hence, the name sports booking.
What does the different odds type mean?
Depending on where you live, each region has its own popular odds. For example, sports betting in Malaysia we are more familiar with handicap and over/under, whereas in Europe, you will be graced with decimal odds. Still don’t understand, here’s a summary breakdown of different odds!
Decimal odds basically tells you what is the return, for example, if you wager RM100 on a 2.52 odds.
RM100 x 2.52 = RM252
Is Sports Betting Illegal?
This depends on the country you’re in as each country have different gambling laws. Most countries issue gaming industry certificates which make the betting legal.
Where to Start Sports Betting?
AFBCASH is one of the longest rolling Asian bookies out there. As we are speaking, it has been operating online casinos for more than 15 years! Besides, AFBCASH also operates throughout the South East Asia Region, providing support to customers when needed.
AFBCASH also have an official gaming license, attractive promotions and professional support staff, click here to see more on this topic.