You should know that all sports bookmakers are different and no two bookmakers are alike, no matter how similar they may seem at first glance. Despite these differences and the wide range, it is not that difficult to choose sports betting once you know what to look for.
We have really a lot of experience, and almost all bookmakers in Latvia have been checked by us.
Online betting varies, for example, depending on the types of bonuses offered or how sports betting and cash deposits and withdrawals are set. Only when you understand these differences will you be able to choose the bookmaker that best suits your needs.
Sweepstakes and their differences
What is a bookmaker’s office or tote and how does it work on the Internet? Tote is a gambling venue where players can place bets on sports and other events. The bookmaker offers bets on the outcome of various sporting events. The types of bets are different and may differ. Winning lottery bets are paid out at the end of the selected event. The rules for winning or losing bets are different for each bookmaker, so you should read the rules of each site before placing your bets.
The main differences between sports betting are: sports betting offered, customer service, payment transactions (type and speed), casino history and reputation, and betting bonuses offered.
Types of sports betting and the most popular sports
Sweepstakes offer different types of sports betting for each event – winnings, over / under, handicap, long term bets, live bets, combination bets and much more.
Likewise, every bookmaker in Latvia offers a wide variety of sports. The choice of one or another betting site depends to a large extent on the sports tournaments and leagues offered.
The most popular sports and sports betting:
- hockey (KHL and NHL)
- football (UEFA Champions League, English Premier League, Spanish La Liga, etc.)
- basketball (Euroleague NBA and ULEB, Latvian basketball league);
- martial arts ( boxing , busting, etc.)
- automobile and motor sports (Dakar rally, Formula 1, rallycross, etc.)
- tennis (Wimbledon Championship, ATP)
- esports (Dota 2, Counter Strike GO, etc.)
- winter sports (biathlon, alpine skiing, bobsleigh, etc.)
- less popular sports (chess, cricket, water polo, etc.)
- non-sporting events in politics, show business (Academy Award in the presidential election, etc.)
The activity of gamblers in bookmakers differs in different periods of the year. Usually, the greatest interest in betting occurs during the season or tournament for a particular sport.
Sports odds betting
The best sports bets are not the bets chosen for a particular sport, but the bets with the best odds. The odds determine the final winnings of your predicted bet. The higher the odds, the more winning bet you will get.
Bookmakers in Latvia, as elsewhere in Europe, use decimals, but there are three different types of sports betting odds.
- Decimal odds (odds “3.00” means € 30 profit if the initial bet is € 10, or a profit of € 20 and the initial bet is € 10)
- Partial odds (4/2, means an income of 60 euros if the initial bet is 20 euros or a profit of 40 euros + the initial bet is 20 euros)
- American Odds (If the odds are written positively, this indicates how much profit you will get from a 100 unit bet. If written negatively, it indicates which bet you must place to win 100 units of that bet.)
The odds for the same event may differ for different Latvian bookmakers. Betting odds are another factor to consider when choosing a sweepstakes. Although the differences are small, they sometimes play an important role when choosing a tote.
While many of the criteria for sports betting may overlap or even overlap, one thing sets them apart – customer service. And when it comes to sports betting for money, this is a very important factor, because betting is not only entertainment, but also a responsible process.
When placing bets, you may have questions about the types of bets, how to place live bets while playing, the rules of sports games, or about fees and costs. Choose a giveaway where you can get help and answers quickly. The rules of a good bookmaker dictate that the most popular customer support methods will be available: mobile phone, online chat, contact form on the website, email and an FAQ section, where many answers can usually be found.
Find out not only about available support options, but also about support hours. Some bookmakers offer 24/7 support, while others have limited hours. A bookmaker’s office in Latvia offers the opportunity to get help not only in Latvian, but also, for example, in English and Russian.
When analyzing payment methods , first estimate the number of options. Are there different ways to fund a player’s account and win? How long is the payout period? Is there a withdrawal fee? What is the minimum and maximum deposit amount? Are payment methods secure? These are the questions that you should ask when choosing a bookmaker on the Internet.
Sports betting in Latvia offers the most popular payment methods such as bank card (VISA, MasterCard) and bank transfer. Today, almost every bookmaker offers cash payments using Neteller, Skrill, PayPal, cryptocurrencies and various other types of digital currencies and virtual wallets.
You must indicate the selected payment method during registration and provide your credit card or Internet banking details. If you ever want to change it, you can probably do it. The bank card and account must be registered in your name and not in the name of a third party.
Also find out how long it takes for a deposit to appear on your profile, which usually happens quickly. The difference in cost, in turn, lies in the speed of their processing. The difference in the value of the win is also the sum of the amount won. Smaller wins are usually paid out immediately, but larger wins are additionally verified and may take longer.