FAQ - Frequently Asked QuestionsBelow are the answers to the questions we get asked the most about sports betting and VIP-bet. If you need more information about VIP-bet, about sports betting in general or if you need any kind of support, please contact us. The VIP-bet support team will be happy to assist you. General Sports Betting Information Is online sports betting safe? There are tons of different sports betting websites on the internet. If you are looking for a new site to start placing your bets, you should make sure that the site is trustworthy and has a good reputation. Huge companies like Betfair or Bwin are reliable partners in that regard. We have carefully selected our sports betting partners in order to provide our customers with both safe and secure bookmakers and betting exchanges. By providing you with our sportsbook reviews, we want to help you to gather as much information as possible about a website before signing up. Is online sports betting legal? It depends on the country you are residing in. Players must obey the legislation of the countries they are living in. There are many countries where sports betting is absolutely legal like Great Britain. Other countries like the United States of America are prohibiting online sports betting in the majority of its states. Make sure to check out our article about the legal status of sports betting in several countries. If your country is not included, please read the terms and conditions of your sports betting operator. How do I choose which online gaming site I should be using? Please be advised, that we provide our members and visitors with detailed reviews of our sports betting partner sites. Before signing up with a provider, we recommend you to read a review of the sportsbook you are planning to sign up at. Do I have to pay taxes on my winnings? It depends on the country you are residing in. Please check your local gambling laws in order to not get in trouble. If you are regularly winning high amounts of money, we suggest seeking legal advice. Can I make money with sports betting? Making money through sports betting is possible. However, it is almost impossible to get rich immediately. You will have to steadily work your way up to the top. We highly recommend you reading our guide on how to generate long term profits in the sports betting industry. Bookmaker Or Betting Exchange - What's the difference? Sportsbooks are providing odds for their customers to bet on- you are playing against a bookmaker. Betting exchanges are operating on a person to person basis, that means you are betting against other members of the betting exchange. There are two main bet types for betting exchanges: backing and laying an event. When backing an event, you are betting for it to happen in the future. When laying a bet, you are betting against a certain event to occur in the future. Make sure to check out our article on betting exchanges for additional and more detailed information. u. Are my personal information safe with a gambling company? When signing up for an account at a sports betting website, you will be asked for personal information. It is necessary to provide these information, otherwise you will not be allowed to create an account. Sportsbook operators need to know, who is signing up with them so they can associate they account to a specific person. Most sportsbooks are also stating in their terms and condition, that they are not going to disclose or share personal information with third-parties. Are the sports betting websites offering live streams? Yes, many sportsbooks like Bwin or Bet365 are providing live streams for their customers. Check out our live streaming guide in order to see which websites are offering a live streaming coverage. Which site is the best for US/ German customers? The only site accepting customers from the United States in our stock is Betonline. They have a great first deposit and reload bonus promotion for new customers and offer odds for all major sports with a focus on the US Sports leagues like NBA, NFL, MLB etc. German customers are currently excluded from some sportsbooks in our stock. Also keep in mind that Betfair is currently not able to provide its betting exchange for customers from Germany. Please check the restricted countries in our Sportsbook Reviews to see, which sports betting website is accepting customers residing in Germany. Bet Types, Bonuses, Deposits & Withdrawals FAQ What are the different types of betting? There are several different bet types. The most common types are straight bets, total line bets and money line bets. When placing a straight bet you are betting on which team is going to win the game outright. For certain sports there will be a point spread included as part of the bet. The team will either have to overcome a pre-game set negative handicap or is going to start with a positive handicap, which has to be added to the total points in the end. If the result is higher than the total score of the opposing team, you have won your bet. A money line bet is where you bet on a team or player to win the game outright. Since there are no spread to cover, your odds can be often times way higher or lower than for bets with a point spread. When placing a total line bet, you are betting that the combined point score of both participating teams added together is going to be over or under a certain amount, predicted by the bookmaker. There are many other bet types available besides the above-mentioned ones. Most of the sites are explaining the specific bet types they are offering in their terms and conditions. What is live betting? Live betting is a fairly new type of placing bets. This way of betting allows bettors to place their bets on matches and games which have already started. The odds are updated in real time and various new bet types have been invented following the introduction of live betting. Live betting is a pretty intense and exciting way of sports betting. We recommend you reading our guide to live betting before starting to place your live bets. Do probabilities matter when placing a bet? Knowing the probabilities and how odds are calculated is absolutely necessary if you are planning to become successful. These skills are the bread and butter of a profitable punter. By knowing how to count the probabilities for a certain event, you will be able to know how much commission a sports betting website is charging for a certain event. This way you can compare the odds bookmakers are offering and select the best ones for your choice. Should I use different betting sites simultaneously? Absolutely. Many professional punters are using many different sportsbooks. It is especially helpful to keep some money at several sports betting websites in order to be able to pick up the best odds for a certain match. Why do sports betting sites offer bonuses? First of all online sportsbooks want to attract new customers to their sites. A first deposit bonus is a decent opportunity for them to encourage new players to sign up for an account. Most of the time a first deposit bonus is linked to certain rollover requirements, so that you will have to place a certain amount of bets first before you get credited the bonus or are being able to withdraw your winnings. By setting these rollover requirements, sportsbooks are making sure, that players starting playing at their site and generating revenue. What are the most common deposit and withdrawal options? The most common banking methods for sports betting purposes are credit cards, bank transfers and so called E-wallets. We highly recommend you signing up with either NETELLER or Skrill as your payment provider of choice. Deposits and Withdrawals made through these e-wallets are a lot faster than bank account transfers for example. Moreover you have the opportunity to participate in several promotions. Check out our exclusive offers for Skrill and NETELLER. Daily Fantasy Sports (DFS) FAQ What is Daily Fantasy Sports? In Daily Fantasy Sports (DFS) you can compete against others by building a virtual team of professional athletes from a particular league or competition and earn points based on their real-life performance. For each team, there is a salary cap that you need to keep in mind. You can then enter competitions or play cash games to test your lineups against others. Which are the most popular DFS Sports? Initially American Football was the most popular Daily Fantasy Sport. However, nowadays there are several other sports to choose from including soccer, basketball, baseball and many more. How do I get started? First of all, you need to create an player account with DraftKings or Fanduel in order to compete. Once you have registered an account, you have to deposit money into your account to create your lineup and compete for real money. You can also first try free competitions with free prizes. How do I create a lineup? Creating a potent lineup is the most important part of Daily Fantasy Sports. It is a bread and butter skill you have to have, because you will not be able to compete with a weak or lackluster line up. Our DFS Strategy section provides you with all the information and strategy guides you need to start playing DFS. How do I score points? The DFS operators are using different systems which determine how many points a certain play will generate. Please read our detailed reviews of DraftKings and Fanduel for further information about the scoring systems of both sites. Is Daily Fantasy Sports legal? The legal status of DFS in the United States of America is not completely certain. Many states however already passed bills that allow people to participate in DFS contests. For almost all states, Daily Fantasy Sports is considered a game of skrill and thus is not gambling. Both DraftKings and Fanduel recently joined the UK market and can be considered completely legal. Can I play for real money? Yes, DraftKings and Fanduel allow people to enter real money tournaments and cash games. However, there are plenty of free to play contests as well. Which DFS site is the best? It’s hard to say which operator is the best. In general you should check the games, contests, promotions and offered sports first before signing up. DraftKings offers some sports and leagues which are not offered by Fanduel and vice versa. At the end of the day you should give both sites a try in order to decide which one is the best one for you. What is the difference between DFS and Sports Betting? The main difference between Sports Betting and DFS is that you are competing against real players and not against the bookmakers. Everybody is creating an individual line up of players and can enter numerous contests. The DFS operator is just providing the interface of the website and sets up promotions and tournaments. eSports FAQ Is eSports betting different than Sports betting? The rules are the same, but the game is kind of different. eSports are incredibly dynamic and rosters changes can immediately affect the outcome of the matches. Because of that, we highly recommend you to follow our news section. Out team has some incredible betting guides, along with tips and predictions, in order to make you a successful bettor. How do I place bets on eSports? First of all, you need to get familiar with the different sportsbooks and the and the advantages that they give. We have well-prepared eSports reviews along with videos, showing you how to bet on the different Sportsbooks. Which is the best eSports Sportsbook? Of course, this is something highly individual. Your personal needs determine which of the Sportsbooks will be your favorite. To be a successful gambler, you need to combine sportsbooks and get an advantage of their bonuses and promotions. We already have prepared amazing eSports reviews showing the best bonuses of the most popular eSports Sportsbooks, so you are one step closer to choose your favorite. Are Single or multiple bets better for eSports Bets? The competitive gaming scene is quite dynamic and underdogs can easily turn into a favorite in a really short time. So if you want to bet with multiple bets, you need to be sure that your teams are 100% winning. Even if you do that, you still can lose your stake. We recommend to combine multiple bets, only if you decide to play on sure winners in order to maximize your profit. On the other side, if you want to make a risky bet on an underdog in the match, groups of event are better than if you used a single bet. Of course, It’s all come up to your personal feeling and intuition. How do I become a successful eSports bettor? Great knowledge of the teams, players, specifics of the games like maps, champions, heroes and latest updates is the basis of being a good eSports gambler. If you want to be a professional you also need to understand the bookmaker’s margin, benefits from the different type of odds and the bankroll management of your account. Luckily for you, we have all that covered in our eSports betting strategies. Where i can find eSports betting bonuses? Most of the Sportsbooks have bonuses which can be used for eSports betting. Unfortunately, offering eSports promotions is still not very common, but we believe that in the short future it will be. You can find all type of bonuses in our eSports Sportsbooks Bonus Section.