Man calculating his taxes
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07 Apr
Betting

Do You Pay Tax on Sports Betting?

Sports betting is a common pastime in the UK, with millions of people placing wagers on events ranging from football and horse racing to basketball and tennis. But when it comes to winnings, many bettors wonder whether they need to pay tax. Understanding how taxation works for sports betting is essential, especially for those who bet regularly. Is Sports Betting Taxed in the UK? Unlike some countries where gambling winnings are subject to taxation, the UK takes a different approach. Bettors do not have to pay tax on their winnings, regardless of whether they place a bet online or at a...

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Man with betting chips and cards in the hand
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07 Apr
Betting

What Is House Edge: Does the House Always Win?

Understanding House Edge in Casino Games Every casino game has a built-in mathematical advantage in favour of the house. This is known as the house edge -a percentage that represents the long-term expected profit for the casino on any wager placed. While players can experience wins, the house edge ensures that over time, the casino always maintains a statistical advantage. But does that mean the house always wins? Not necessarily. Short-term results can go in any direction, and players can use strategy to maximise their chances. This guide explores how the house edge works, how it varies between games, and what...

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Man sitting on a slot machine
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07 Apr
Betting

Where Can I Play Bingo and Slots Online?

Online gaming has made it easier than ever to enjoy classic games like bingo and slots from anywhere. Whether you’re looking for traditional bingo halls, themed slot games or jackpot opportunities, the right platform can make all the difference. This guide explains what to look for when choosing a site to play bingo and slots online, the different types of games available, and what features matter most for a seamless gaming experience. What to Look for in a Bingo and Slots Site Not all gaming platforms offer the same experience. If you’re searching for a site that provides both bingo and slots,...

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Man counting money while holding it in hands
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27 Mar
Betting

Understanding ‘Push’ in Betting: When Neither Side Wins

What Is a Push in Betting? A ‘push’ is a betting outcome where neither the bettor nor the bookmaker wins. It occurs when the final result lands exactly on the point spread, total, or other specified line, effectively resulting in a draw. When this happens, the original stake is refunded, and no profit or loss is recorded on the bet. Pushes are most common in bets with even-numbered point spreads and totals. They can also happen in moneyline bets where a match ends in a tie, depending on the sport and market rules. Understanding when a push occurs can help bettors...

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Betting chips and cards with dices on the table
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27 Mar
Betting

Understanding Betting Odds Formats and Conversions

Betting odds are the foundation of sports betting. They indicate how much you can win on a bet and the probability of an outcome happening. If you're new to betting or switching between different formats, understanding how to read betting odds can make a big difference in making informed bets. This guide breaks down the most common odds formats, how they work, and how to convert between them. Essential Takeaways Betting odds represent both the likelihood of an event occurring and the potential payout. The three main formats of betting odds are fractional, decimal, and American. Converting odds formats helps bettors...

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Man betting on sports
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27 Mar
Betting

What Does Parlay Mean in Betting?

Betting jargon can sometimes make things seem more complicated than they are. One term that often confuses new bettors is parlay. While it might sound like something out of a card game, a parlay bet is a straightforward yet strategic wager that can increase potential returns. This guide explains exactly what a parlay means in betting, how it works, and how it differs from other types of bets. We'll also look at the risks involved and common strategies to consider. Essential Takeaways A parlay bet combines multiple selections into one wager, and all must be correct to win. While parlays offer...

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A person holding money in the line
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27 Mar
Betting

Decoding Betting Jargon: Moneyline Bets – What They Are and How They Work

Betting terminology can feel like a different language at times. If you’ve ever scrolled through a bookmaker and seen the term moneyline bet, you might have wondered what it actually means. This guide explains what a moneyline bet is, how it works, and how it differs from other betting options. Essential Takeaways A moneyline bet is the simplest type of wager, where you bet on which team or player will win outright. Moneyline odds vary based on favourites and underdogs, with lower payouts for favourites and higher payouts for underdogs. This type of bet is ideal for beginners since it...

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Betting chips on the table
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26 Mar
Betting

Your Guide to Playing Deal or No Deal Online: Rules and Gameplay Explained

The legendary 2000 Dutch TV game show ‘Deal or No Deal’ is one of the all-time classics in the television entertainment genre. An exciting yet simple concept has attracted millions of viewers from around the world, who tuned in weekly to watch the player and the banker guess and negotiate for the best deal. Evolution Gaming has brought the Deal or No Deal experience online. Their version of the game show is available in 7bet UK’s live casino. However, in order to play this classic release with responsibility and have fun, you need to know the rules and mechanics...

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Croupier moving betting chips
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03 Mar
Betting

What is Spread Betting and How Does It Work?

Spread betting is a technique that is widely used in sports gambling. Compared to regular fixed odds betting, it may seem somewhat complicated and take some time to wrap your head around the ways it works. But once you get the hang of things, it can diversify the gaming process. In this guide we will take a close look at what spread betting is, how it works, and what you need to know before you start using it in sports betting. What is Spread Betting? In spread betting, instead of betting on a particular outcome of a sporting event (known as fixed...

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Betting chips near the roulette wheel
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14 Feb
Betting

What Does Evens (EVS) Mean in Betting?

If you're new to betting, you might feel overwhelmed by all the odds and terminology you encounter. One of the most common terms you'll encounter is 'EVS' or 'Evens', and whilst it might seem confusing at first, it's actually one of the most straightforward betting concepts to understand. Let's break it down in simple terms. What Does EVS Stand for? EVS in betting stands for Evens (also known as Even money), and the way it works is quite simple. When you see odds listed as EVS, it means you'll win exactly the same amount as your stake if your bet is...

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