When it comes to betting, there are no limits. You can bet on anything you want from politics, to weather, finance or any sport that is in existence.

First thing’s first, before anything you must be able to work out exactly how much you can afford to loose. This may sound like basic betting advice but if you do happen to have a bad run you’ll know that the money lost wont effect other aspects of your life.

Two terms that you probably already know are Stakes and Odds.  When you place a bet your stake is the amount of money you are willing to gamble. Odds, in the world of betting are the perceived probability of a win (pertaining to what ever you’re betting on).

When it comes to odds there are different ways to read them.

Odds Against- This is when the bookmaker offers a return which is more than double the amount staked for a win bet.  If your stake is $1, a winning bet at 2/1 will return you $2 plus your original stake = $3 total

Evens- This is when the bookmaker offers a return at double the amount staked. Again if you bet $1 and win you will return $1 plus your stake = $2 total

Odds On- This is when the bookmaker offers a return that is less than double the amount staked. A successful $1 bet at 1/2 will return $0.50 plus your stake = $1.50 total.

These are just the basics, but the more you bet the better decisions you will make through your experiences.

Good luck and happy betting!