An Accessible Guide to Sports Betting via OKbet and GCash
Welcome to your An Accessible Guide to Sports Betting via OKbet and GCash! In this accessible introduction, we’ll walk you through the exciting world of sports wagering, offering valuable insights and strategies to help you make informed bets and maximize your chances of success. Whether you’re a seasoned bettor or a newcomer, our guide will equip you with the knowledge and tools needed to navigate the world of sports betting seamlessly through the convenience of OKbet and GCash. Get ready to elevate your sports betting experience and embark on a thrilling journey to potential winnings!
Sports-related bets can be placed at OKbet, an online sportsbook. This game differs from Bingo Plus because bets are mostly based on chance, and e-sambong is primarily based on gut feeling since you never know what cock to pick.
Studying both teams carefully is crucial to successful sports betting. In most cases, you will have better odds than 50/50 if you are familiar with the teams or players in your chosen sport.
An overview of An Accessible Guide to Sports Betting via OKbet and GCash
Sports betting comes in many forms. How do you make a bet?
Bets can be placed in a variety of ways. It is possible to place a bet on whether a certain team will win or lose, or you can place a bet on a player based on their performance. As long as the bookmaker supports these types of wagers, you can bet on the outcome before the end of the game.
How do betting odds get their decimal notations?
The odds and multipliers of the specific bet are usually written next to the bets, and these are shown in decimal notation.
When you bet Php 100 and win, you will receive Php 94 as a payout. Also, if you win, you get your original bet back, which means you win Php 194 in winnings. The original wager, as well as everything else, will be lost if you lose.
How do sports bets work?
Once you understand how the basics work, you can bet on many other sports once you learn the basics. This article primarily covers basketball betting, but the same concept applies to many other sports.
Betting on moneylines
Taking a wager on a winner of a game is the easiest type of bet. There are often lopsided results for these types of bets, which is why bookies don’t offer them. These types of bets can be offered, however, by teams/players with equal matchups.
In basketball, here are some examples:
- There is a 1.32 point spread for Portland Trail Blazers
- A ratings of 3.43 are given to the San Antonio Spurs
A higher number indicates a lower chance of winning the game. Taking into account the original stake of 100 Php, I could win Php 132 if I wager Php 100 to Portland and they win. I would also receive a higher payout if San Antonio won at 3.43*100 = Php 343.
Betting on handicaps
Almost every sport has this type of bet, which is the most visible. As a bettor, you should consider betting on a team that has a handicap so you can take advantage of the underdog’s advantages.
Here are some examples:
- There is a spread of -2.5 and 1.92 for the Charlotte Hornets
- There is a plus 2.5, a 1.96 for the Indiana Pacers
Positive points favor the team with a chance of winning the game. Assuming that the Hornets win, the bookie has set them with a -2.5 point handicap, which allows them to beat the Pacers by more than 2.5 points.
You can still win a bet if you place a wager on an underdog, such as the Pacers in this case, if the series score reaches or exceeds the Hornets’ score after adding the +2.5 point handicap. Bets won when Pacers win are also won if Pacers win.
The following is an explanation:
- The Hornets cover the 2.5 point spread if they win 120-117, resulting in winning Hornets bets.
- The Pacers win if the Hornets win 120-118, and the Pacers bet wins if the Hornets in the round should have won 120-118
- Bets on Pacers win outright if the team wins 120-119
Can you explain why some handicaps have an additional 0.5?
Underdogs can win with one point less than the favored team, and favored teams must go over one more point to win.
Here are the odds of the Lakers versus the Raptors: Lakers +3.5, Raptors -3.50
In order for their bets to win, the Lakers must either win outright or lose by 3 or fewer points. A Raptors victory, on the other hand, must be by at least 4 points. It is possible to do so because of the 0.5 difference.
Bets on overs and unders
A combination score is used to determine the odds of a bet. You can bet on the total points per game, and also the total points per quarter or half.
For example, for basketball:
For O 247.5, the optical density is 0.68; for U 247.5, the optical density is 0.92
It is possible for the 247.5 points here to go either way, such as 115-114 or any other score variation. It is impossible to draw when there is a 0.5 difference.
Betting on Odds/Evens
It is similar to Over/Under betting, where the total points are either odd or even for both teams or players. In some sportsbooks, you can place bets on quarters after the game or on the total after the game.
Gambling on parlays
Because you wager on consecutive wagers tied to the same stake, this type of bet has high risk and high reward. A higher payout could result from this, but if you lose one wager, you also lose the other wager.
When you place a bet on a certain team to win a game in conjunction with another game, the team must win both games. Compared to betting separately, you’ll get much better results.
Betting on an outright basis
As a result of the long-term nature of this type of bet, the rewards and risks are high because you can bet on which team or player will win the upcoming season or tournament.
Betting on sides
Some sportsbooks also offer side bets on specific games, which are called side bets. The following are a few examples:
- Scores the most three-pointers (Team)
- Amount of points scored by a player
What you need to know about opening an account with OKbet
OKbet is currently accessible through a browser or an app on your phone. PAGCOR regulates this activity and requires players to be 21 years or older.
When you top up an account, you do not need an ID, but once you plan to withdraw your winnings, you will need to undergo KYC.
Signing up for an OKbet account
- OKbet can be accessed online or through its mobile app. You must be at least 21 years old to enter.
- Sign up can be found on the main page.
- Sign up by entering your username and password on the first page, and agreeing to the site’s terms.
- Your personal information must be entered on the following pages. KYC verification is not yet implemented, so there is no need to present identification.
- You can return to the main page by clicking Deposit now after you have registered.
Here’s how to deposit funds into your OKbet account
is one of the many payment methods that OKbet accepts for funding its wallet. As alternative payments options, GrabPay, Maya, FortunePay, BPI Direct BankKO, and Cebuana Lhuillier Rural Bank are also available.
A minimum deposit of Php 1000 is required for the initial deposit. From Php 100 onwards, subsequent deposits are required.
The GCash system allows you to deposit money into your OKbet account
- You can log in to OKbet by visiting the website or app. You can access your profile by clicking the My Profile link at the bottom.
- Click the Deposit button on your profile page.
- You will need to select GCash on the Deposit page, enter your GCash number under Account, and also the amount. This is the first time you are depositing, so the amount must be Php 1000 and above.
- Make the payment using GCash webpay. As soon as the deposit has been made, the deposit should appear on your OKbet balance.
- The Funds Details section under your profile can also tell you how your deposit is doing.
When I use OKbet’s platform, what should I do?
Your favorite sports can be easily found on the main page, and can be filtered based on what league or even which sport is being played. Football is a popular selection because of the ongoing World Cup. In addition to basketball and tennis, volleyball, boxing, billiards, ice hockey, rugby, and american football are some of the other sports.
The OKbet Platform: Betting on Games
- Join OKbet by logging into the website or app. In the bottom-left corner, click Sports.
- The time the sport is being played and the sport itself should be selected before you place your wager.
- Matches are currently in-play when they are referred to as “in-play.”. A time-frame of one hour or less indicates when they are going to take place.
- Additionally, you can filter your bets according to the league or event you intend to wager on. At the time this article was written, the NBA was in the middle of its season.
- You must select the game and type of bet you plan to place, then enter the amount you would like to bet, and press “Bet”.
What is the procedure for withdrawing funds from OKbet?
A valid ID and a video chat are both required to verify your account before withdrawing funds. The minimum amount you can withdraw is Php 1000, which requires a bank account. The GCash service is currently not available for withdrawals.
OKbet Verification Guide
- Sign in to OKbet online or via the app. In the bottom part of the screen, click on My Profile.
- Click the Withdraw button on your profile page. If you wish to continue, you must complete the verification process first. The Verify button can be found on the bottom of the page.
- You can upload a picture of your ID on the verification status page after selecting your ID Type, ID Number, and ID Picture. Submit the form. Verifications will be subject to review according to the page.
- We should be able to conduct the review within an hour or two. Following the review, we will initiate a live call to confirm the ID.
Conclusion
The different types of sports betting and how they work was explained to you. Bets can be placed on a variety of outcomes, from games to seasons or tournaments. Various sports offer different betting options, thus there is a vast number of options.
If you love the game you are betting on, sports betting can be a lot of fun. Your players or teams must be studied and known to be successful.
You can now deposit funds easily through GCash at OKbet, a popular sports betting platform in the Philippines. In order to cash out your winnings, however, you must have a bank account.
