To bet on a team, you first need to choose an event. This is the tournament that you want to bet on. Once you have picked an event, you will then need to decide which round you want to bet on. There are typically several rounds in each tournament, and you can bet on different teams to win or lose each round. Once you have chosen around, you will then need to select a team to bet on. You can either pick the winner of the round or choose a team to lose. If you choose a team to lose, your bet will payout if that team does in fact lose the round. Finally, you will need to decide how much money you want to wager. Once you have picked the winner/loser and the amount of your bet, you will need to click on Apply Bet.