Internet Betting Systems

Internet betting systems broadly consist of the following:

• Internet casino
• Internet lottery
• Sports betting
• Wagering
• Events betting

In real Internet betting systems, the betting, playing and collecting of money are all done through the Internet.

This section briefly explains Sports betting, Wagering and Events betting.

Sports betting

This consists of fixed odds betting on sporting events such as soccer, basketball, tennis, cricket, golf and Olympic sports, with bet types ranging from winner/loser, winning margin, first goal-scorer, to half-time leader. Spread betting involves betting higher or lower against a prediction - a typical spread bet might involve betting higher against a prediction of 2 goals in a soccer game, with a 5 goal total winning for the player (5-3) times the bet amount.

Wagering

This consists of fixed odds and pari-mutuel betting on horse racing, harness racing and greyhounds, with bet types ranging from win, place, each-way to multiple winner selection (e.g. Quadrella) and winner/second (Quinella).

Events betting

This consists of fixed odds betting on a wide range of events, from election results to reality TV winners/evictees, with bet types ranging from winner or winning margin to spread betting.