The Different Types of Betting Bets in Kenya, and the World
Betting has become a culture the world over. People from all walks of life are now getting into serious betting and staking huge amounts more than ever.
People have become privy to different types of bets over the years and are now able to freely place wagers compared to the early years where gambling was illegal.
Types of Betting Bets in Kenya
Irrespective of how you look at it, betting has been part of humanity. It’s no longer surprising to find a group of people gathered together gambling anymore. People have resulted to making simple bets like rock paper scissors, coin flipping, or engaging in raffles and arcade games in the hopes of winning something or having an advantage over anyone.
A gentleman’s agreement
This is the oldest as well as probably one of the most conventional types of bets that existed in the Victorian era. Compared to other types of bets, a gentleman’s agreement is only backed up by one’s integrity which is deemed as being more valuable than money or material thing.
This informal form of agreement is still valued in recent times and specific people will resolve to it than any other modern form of gambling.
Below are other types of bets that have become common over the years.
- Sports betting
- Lottery Games
Sports-based types of betting bets in Kenya
Online sports betting is the most common or popular form of betting for so numerous reasons. You are not required to have background knowledge when it comes to this type of betting.
You can bet on any game when it comes to sports, from international front runners like basketball and football to novices like video game tournaments.
These types of bets, normally happen over the internet, although some companies or casinos offer facilities where people can bet and get updates on the matches.
Many people prefer the straight-up form of betting where you both bet on one team to win. Approved betting methods will involve Odds. This will involve a bookmarker assigning odds to an event.
A bookmarker’s role at this point is to ensure that any odds assigned will be good enough to garner bets on both sides of the activity, to cover any losses and make profits.
Below are types of betting bets in Kenya & in the sporting world that are worth a mention.
- Head to head-
- In-play betting
- Second half bets
- Prop bets
- Money line
- Spread betting
Widely popular in specific areas in Europe and Northern America, Bingo is a game of chance. It involves randomly selected numbers that have to be drawn and match the same numbers on the player’s cards.
The winner from each round always has to yell Bingo! And winnings can be everyday items to cash. Jackpot prizes are available for casino bingos.
More popular around the world, this form of betting has been legalized in many states and the number of casinos keeps increasing each year.
This class of betting is probably the only one that gives an added advantage to the house, over the players due to margins provided by the odds. Huge wins are always garnered by players engaging in these types of bets, however, the casino will always bounce back.
In a casino setting, you will find various types of bets which you can try your luck on;
- Card Games- here you will get games like baccarat, casino wars blackjack etc.
- Dice Games
- Spinning Wheels
- Gambling machines
Poker betting started in the early 1900s in United States, poker uses cards often referred to as poker cards. The passion for this game has evolved over the years, more so in the 20th century where a rise in tournaments was witnessed. The famous one being the World Series of poker which is held in Las Vegas annually.
Poker players unlike the common betting they do not play against the house, rather each punter tries to form a better hand than the opponent. If on a tournament, this may continue until one of the players is eliminated.
In a game of poker, the house will always have an advantage and players have to prove they are better than anyone else. The different available bets you can wager on in poker include Stud games, Draw games and Hold’em games
More than 50%of people in the world have tried their luck in lotteries, however, the disappointment that comes with these types of bets are unfathomable. A simple number can hinder you from accessing your pot of gold.
- Scratch cards-basically you get to scratch off a card valued even as low as $1 which will reveal a set of winning amounts. Should the amounts get a specified number of matches then you win?
- Drawings- You get to draw numbers from among provided integers. A central draw is held where the winning numbers are announced and if the player can predict the numbers then he ultimately becomes the winner.
Bet responsibly and ensure to always bet on games that give an edge over the house. This will remain the number one rule in any form of betting.
https://www.jambobet.co.ke offers a well-designed platform for you to place your wager on the different types of betting bets in Kenya.