If you are a chess enthusiast and would like to test how well you can predict the outcome of big chess tournaments, then betting on chess is just for you! Betting on chess is a type of sports betting and there is plenty of online bookmakers that offer this option to their customers.
In order to start betting on chess, you will first need to find a reliable online bookmaker and check if they have chess on their list of sports to bet on. Keep in mind that online bookmakers often offer nice promotions, such as the ones you can find on Dublinbet, in order to attract new customers. These promotions allow you to place bets with bonus money, which is very helpful if you are a beginner in the whole online betting business and would like to get the gist of it without risking your hard-earned cash.
After choosing your casino and making a deposit you will be able to place your bet on one of the big upcoming chess tournaments on offer: the FIDE Chess Grand Prix, the World Chess Championships, the World Cup, etc. The procedure of placing a bet is usually very simple. Once you find yourself on chess betting page you will be offered a list of possible bets you can place. You place bets by selecting the outcomes from the list that you believe are most likely to occur and typing the amount of money you want to bet in the appropriate box. Usually the bookmaker will immediately provide you with the calculation of possible winnings based on the amount you typed. This is a great tool that can help you understand the odds and makes combining several bets into one slip much easier.
The most straightforward bet is on who will win a tournament or if a game will be a draw. (This is called a 3way bet because there are three possible outcomes.) Some online bookmakers offer other betting markets too. For example, you can bet on whether there will be a check in the first three games of the World Chess Championship, or what will be the first move in a particular game, how many moves will a particular player make during the first x games, which piece will be first to be taken, etc. These additional bets are generally riskier, but if you regularly follow chess and are familiar with the style of players you are betting on, you might be able to predict some of these.
Thus, the only tip you really need is the one you already know: the key to success in any kind of sports betting is being well informed, and chess is not an exception.