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The NFL confidence pool is another form of betting with friends. Each person joins the pool by putting their stake into the pool. Each player then picks the winner for each NFL game and places a unit of confidence on each prediction. The higher the unit, the more confident that person is for that tip to land.

The lower the unit, the greater the uncertainty in the contest. After all the games have been played, the player with the most points walks away with the pot of money. Sport betting sites will be looking at this to see how they can adapt it so that their online customers can play the game that has swept America for years. A Premier League confidence pool for Soccer betting cannot be too far away.

Whatever the sport, there will always be a favourite to win and there will always be an underdog. These will be reflected in the odds that are being offered by the best online bookmakers. Whether betting with friends, or on one of the leading betting sites, it might not sit well with punters to place a bet on their beloved team to lose.

But thanks to the way sports betting has evolved over the last 10 years, you can profit by backing your team in a losing effort. Handicap betting, or covering the spread, allows customers to earn winnings if the team they follow, loses. You can back your team to cover the spread by losing within a certain number of points designated by the bookmaker.

In football like the Premier League, the spread is referred to as the handicap. When a team is expected to win and win easily, they will be handicapped by a number of goals. You will be interested in reading How to unlock Walmart Family Mobile phone Puntaa Puntaa is a social betting app that allows friends to custom bet on just about anything, share and engage around those bets, and get paid through their mobile device.

Users deposit funds into their account, add friends and challenge each other to bets on anything from the outcome of a sporting match to an inside joke. The results of wagers can then be shared via all major social media platforms. The app tracks all bets but puts the onus on users to settle, with the loser required to transfer money manually through a one-touch payment system. Puntaa takes a four per cent cut of net winnings of all bets. Download Puntaa for iPhone.

You will be interested in reading When your iPhone is not ringing for incoming calls, here is how to fix it in 5 minutes and stop missing important calls WantMyBet WantMyBet debuted its iOS and Android apps it and has since become renowned as a one-stop destination for football betting. The app is clearly designed to save bettors the hassle of sifting through various websites, tipping services and bookmaker accounts in order to place their wagers.

Instead, users can integrate their Ladbrokes and BoyleSports accounts, find and follow the best tipsters around and copy other bets. The social element allows betting activity to be shared on Facebook, Twitter and Whatsapp, while comments can also be left on tips. Weekly competitions with cash prizes, leaderboards and a refer-a-friend program are additional perks.