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Topic: Because house/bookie always wins (Read 1072 times)

legendary
Activity: 1582
Merit: 1059
January 07, 2017, 05:27:02 PM
#41
I agree with you. The bookies probably always win, if nothing really unexpected happens, since they provide the odds, so they can control their book, but If the player is good, they could also win. They can even find good value in the bets sometimes.

Finally there is always the promotions, which is an amazing way to add value to your bets, and that could work in the player favor.
Take the example of the Tipster Championship, sponsored by directbet. We are now in our XI, edition, and you keep your profit, and you win prizes (100mBTC are actually almost guaranteed, as long as you fulfill the requirements of the competition). So it's really a great value, meaning that the house wins as they should, it's their business, but the player can win to.
Dear member of direct bet,
if house doesnot win then players will never be paid and never such competitions will be there.Ofcourse in small time spam player can win and promotions are only attractive to wager and for creating addiction to gambling but in long run house has to win and it always wins so only house provides free giveaways through competitions... to players.And that is one of the reason why directbet is alive and expanding after 3-4 yrs.
Directbet started with only sportsbook with few sports then poker then dice and now even the casino all this possible only because house always wins

Just one correction. I'm not a member of directbet. They are the official sponsors of our competition for quite a long time now, and we work together to manage the competition the best way possible.
Now about the topic in question. I never said the house does not win. They should win, if they manage their book well. I don't have a clear insight how it all works, but I do believe it's what many users already said here in the forum. They provide the odds, if their book is well made, they should win no matter what.

What I said, and like many users also said, and I still believe in it, is that players can actually profit from sports betting if they are good at it. We do have pro bettors, like we have pro poker players. Those guys win long term.

Even for those that are not pro players, they sure have their life made a little easy with promotions like our competition.
Check the prizes in our Hall of Fame. That is extra value to their bets, and no one can deny that. That's all I said, and in an independent manner. Just my opinion, not a "promotion".
sr. member
Activity: 812
Merit: 257
January 07, 2017, 09:52:06 AM
#40
I agree with you. The bookies probably always win, if nothing really unexpected happens, since they provide the odds, so they can control their book, but If the player is good, they could also win. They can even find good value in the bets sometimes.

Finally there is always the promotions, which is an amazing way to add value to your bets, and that could work in the player favor.
Take the example of the Tipster Championship, sponsored by directbet. We are now in our XI, edition, and you keep your profit, and you win prizes (100mBTC are actually almost guaranteed, as long as you fulfill the requirements of the competition). So it's really a great value, meaning that the house wins as they should, it's their business, but the player can win to.
Dear member of direct bet,
if house doesnot win then players will never be paid and never such competitions will be there.Ofcourse in small time spam player can win and promotions are only attractive to wager and for creating addiction to gambling but in long run house has to win and it always wins so only house provides free giveaways through competitions... to players.And that is one of the reason why directbet is alive and expanding after 3-4 yrs.
Directbet started with only sportsbook with few sports then poker then dice and now even the casino all this possible only because house always wins
legendary
Activity: 1582
Merit: 1059
January 07, 2017, 09:45:10 AM
#39
I agree with you. The bookies probably always win, if nothing really unexpected happens, since they provide the odds, so they can control their book, but If the player is good, they could also win. They can even find good value in the bets sometimes.

Finally there is always the promotions, which is an amazing way to add value to your bets, and that could work in the player favor.
Take the example of the Tipster Championship, sponsored by directbet. We are now in our XI, edition, and you keep your profit, and you win prizes (100mBTC are actually almost guaranteed, as long as you fulfill the requirements of the competition). So it's really a great value, meaning that the house wins as they should, it's their business, but the player can win to.
sr. member
Activity: 420
Merit: 250
January 07, 2017, 09:28:51 AM
#38

House and bookie will win in the long term when gamblers bet a lot, if only a few bets, house and bookies may lose. But long term they earn margins

Yes I know. I wasn't saying that. But normally when people say the house always wins, they mean that they win and the player loses in the long term.
What I was saying is that, although that is true for casino, I don't think it's true for sports betting. Yes the house will always win, but the player can also win in the long term. Most of them will not, but that's because of lack of skill I think, and not entirely because of the house.

Yes house edge is only present in games of luck like slots, dice ,roulettes and alike. In sports betting if you have the right patience, experience and you are in self control, you bet with your head and not with your heart usually you will come out as a winner. Try to pick the lower odds of 1.20, but not ML as there are tons of betting lines. You will see that in the long run it can really be profitable.

The problem with the majority of the gamblers losing in the long run in sport betting is their lack of skill and the lack of thinking outside the box(i.e thinking better than the bookie).

For example. is playing WBA against Chelsea and you pick home team to win to nil no at odd 1.13, it really will be a sure bet in 100% of the times considering the difference in quality between these 2 teams.
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
January 07, 2017, 09:20:35 AM
#37

House and bookie will win in the long term when gamblers bet a lot, if only a few bets, house and bookies may lose. But long term they earn margins

Yes I know. I wasn't saying that. But normally when people say the house always wins, they mean that they win and the player loses in the long term.
What I was saying is that, although that is true for casino, I don't think it's true for sports betting. Yes the house will always win, but the player can also win in the long term. Most of them will not, but that's because of lack of skill I think, and not entirely because of the house.
hero member
Activity: 528
Merit: 500
January 07, 2017, 08:39:36 AM
#36
Every site says bookie/house always wins and the margin and odds ensure their profit.
Following are some links to it:
http://blog.runlastman.com/bookies-always-win/
http://www.gamblingsites.org/sports-betting/beginners-guide/how-bookmakers-make-money/
https://www.quora.com/How-does-the-betting-system-work-How-does-the-bookie-make-a-profit ...
so this new year lets do something new rather than betting/losing.
i provide complete assistance in helping you start your own sports betting website to getting players in short joining the bookie circle.so why not to stop betting and starting this business itself with a very low btc in hand
this is a link in which i am auctioning a sports betting website/software.
if you can get your own domain name and just need software i am providing at very low price in whatever your budget is and i promise to negotiate in budget and give you best price so for more details look here
https://bitcointalksearch.org/topic/morrisonbetcom-a-sports-betting-website-1736070

I don't agree with bookies always win. I mean, I agree with it, but not on the expenses of the players. At least not on the expenses of those that know what they are doing. They always win because the odds provided, are of course controlled and ranged, that they always win no matter where you bet, as long as they can keep the wages balanced as well.
It's the same as trading in exchange markets. On that case bookies also charge a commission since they are not the ones controlling the odds.

The reason I say I don't agree, is because if you know where to bet, you should still get some profit. Not as much as you should, and that can affect how much you earn in the long run, but you should still get profit.

House and bookie will win in the long term when gamblers bet a lot, if only a few bets, house and bookies may lose. But long term they earn margins
legendary
Activity: 1694
Merit: 1005
Betting Championship betking.io/sports-leaderboard
January 07, 2017, 08:01:55 AM
#35
Every site says bookie/house always wins and the margin and odds ensure their profit.
Following are some links to it:
http://blog.runlastman.com/bookies-always-win/
http://www.gamblingsites.org/sports-betting/beginners-guide/how-bookmakers-make-money/
https://www.quora.com/How-does-the-betting-system-work-How-does-the-bookie-make-a-profit ...
so this new year lets do something new rather than betting/losing.
i provide complete assistance in helping you start your own sports betting website to getting players in short joining the bookie circle.so why not to stop betting and starting this business itself with a very low btc in hand
this is a link in which i am auctioning a sports betting website/software.
if you can get your own domain name and just need software i am providing at very low price in whatever your budget is and i promise to negotiate in budget and give you best price so for more details look here
https://bitcointalksearch.org/topic/morrisonbetcom-a-sports-betting-website-1736070

I don't agree with bookies always win. I mean, I agree with it, but not on the expenses of the players. At least not on the expenses of those that know what they are doing. They always win because the odds provided, are of course controlled and ranged, that they always win no matter where you bet, as long as they can keep the wages balanced as well.
It's the same as trading in exchange markets. On that case bookies also charge a commission since they are not the ones controlling the odds.

The reason I say I don't agree, is because if you know where to bet, you should still get some profit. Not as much as you should, and that can affect how much you earn in the long run, but you should still get profit.
sr. member
Activity: 812
Merit: 257
January 07, 2017, 06:21:48 AM
#34
https://m.youtube.com/watch?v=AB2z-M-jmxo
link the our youtube video describing our software features
sr. member
Activity: 812
Merit: 257
January 07, 2017, 12:30:50 AM
#33
price update only 0.2btc is new price.
the sports betting software with complete source code now available only for 0.2btc
sr. member
Activity: 812
Merit: 257
January 06, 2017, 05:02:36 AM
#32
Basically you're a selling a software than this topic should be into digital goods. I've a question what kind of hosting required to run this sportsbook. Will you provide the after the make installation.
regarding server:you can start with a vps hosting costing just 6$ a month then upgrade add spaces... depending on your needs.
as i can show demo website similarly can provide installation.
legendary
Activity: 1750
Merit: 1004
January 06, 2017, 04:58:11 AM
#31
Basically you're a selling a software than this topic should be into digital goods. I've a question what kind of hosting required to run this sportsbook. Will you provide the after the make installation.
sr. member
Activity: 812
Merit: 257
January 06, 2017, 04:38:56 AM
#30
special offer:selling this robust sportsbetting software made as per williamhill/unibet api for only 0.25btc
50% commision for those who help in sales/get buyers.
sr. member
Activity: 812
Merit: 257
January 05, 2017, 10:01:38 PM
#29
Prince V, I got the impression that you are very knowledgeable about bookmaking.
So why you want to help people create their business when you may establish the best sportsbook yourself and be that profitable owner you talked about?
By owning good sportsbook you won't have to sell your services to people anymore and create competition for your site.
its not necessary that bookie will win each and every bet.and once you start you need to maintain reputation of your website with your players.in a long run bookimaker always win thats a thing of no doubt.so to start you need some capital which can be made by working/selling services/trading.and that is what i am doing now.
Because as a honest bookmaker if player wins you should pay them.If player loses mny is yours but if players win you pay.
legendary
Activity: 1288
Merit: 1000
January 05, 2017, 09:57:35 PM
#28
Prince V, I got the impression that you are very knowledgeable about bookmaking.
So why you want to help people create their business when you may establish the best sportsbook yourself and be that profitable owner you talked about?
By owning good sportsbook you won't have to sell your "bookmaker creator service" anymore. Who would want to create competition for himself?
sr. member
Activity: 812
Merit: 257
January 05, 2017, 09:02:24 PM
#27
Be careful with clicking the link prince V gave. A simple google search will show that morrisonbet.com may be hacked according to the search result. It may be possible that the link will redirect you to spam or malware. Always be safe and do not click links given by random strangers.
wat nonsence are you talking here?it doesnot redirect anywhere.100s have tried it till now.stop talking your nonsence.nothing is hacked and there is no malicious content.

It is not nonsense. When I did a google search on morrison bet the search result had a warning under the link given. Here is what it looks like if you want to see https://www.google.com/search?q=argue&oq=argue&aqs=chrome..69i57j0l5.1538j0j7&sourceid=chrome&ie=UTF-8#q=morrisonbet.com

I am not here to undermine your website. I like the idea but we need to protect the people in the forum from anything malicious.
i checked the search console if google and found reason why it was put up.we have sent it for recheck with google.there is no malicious content on site.it wont redirect to any pages or will autodownload anything.
site is protected with firewall and html injections need not worry.
But thanks again for bringing that in notice
legendary
Activity: 3122
Merit: 1492
January 05, 2017, 08:30:49 PM
#26
Be careful with clicking the link prince V gave. A simple google search will show that morrisonbet.com may be hacked according to the search result. It may be possible that the link will redirect you to spam or malware. Always be safe and do not click links given by random strangers.
wat nonsence are you talking here?it doesnot redirect anywhere.100s have tried it till now.stop talking your nonsence.nothing is hacked and there is no malicious content.

It is not nonsense. When I did a google search on morrison bet the search result had a warning under the link given. Here is what it looks like if you want to see https://www.google.com/search?q=argue&oq=argue&aqs=chrome..69i57j0l5.1538j0j7&sourceid=chrome&ie=UTF-8#q=morrisonbet.com

I am not here to undermine your website. I like the idea but we need to protect the people in the forum from anything malicious.
sr. member
Activity: 812
Merit: 257
January 05, 2017, 04:06:19 AM
#25
Yes, it is true. Every gambling sites are like this which the house always win, and the percentage of winning is lower than that percentage of losing, that is why most of the gambling sites are rich and have many bitcoin. Other players are just investing their bitcoin to the gambling sites because they are staying on side that has a less risk compare if you are just going to spend it in gambling. In my opinion, rather than doing gambling as the way we earn bitcoin, doing other things that have less risk are more appropriate and worth than gambling like Trading and posting in this forum.
Owning a gambling house itself means trading.so i am providing that opportunity to people here to start earning money rather than losing in gambling.
If coders are giving edge to house then the site can run for some time and after that people will lose trust on them and willl not invest in such casino, I think they need to be fair in gambling, and only then they can expect to be successful in future and to run for a long time.
I strongly agree with this statement, as a gambling operator you can fool some gamblers but not all, there are smart gambler who will do an audit of the system to protect themselves from any possible rigged games.

I think since gambling sites has already the advantage, they will win in the long run so what they must do is to take care their clients and let them feel you are being fair.

It's the reputation that matters after all, other wise you will lose players that bring you profit.
dear mirakal and mont i agree with both of you.
i think you misunderstood what is edge.software doesnt give edge.edge is given by the feeds by the odds.
for eg:to win toss:it should have odd 2.0 but betting websites keep 1.83 and similarly if both teams are equally strong then to win match:odds will be 1.83 or 1.9 for both never more than that.this is what is bookmakers edge.i am not giving feeds.feeds you will get of your prefered bookmakers may it be unibet or williamhill or directbet.its always bookmakers choice on feeds.
but these odds player feel fair because they can bet at 1.9  on team of their wish while bookmaker doesnt have choice he has to accept bet which is placed.so the margin comes and its the way how house makes profit in long run by remaining fair
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
January 05, 2017, 03:54:17 AM
#24
Yes, it is true. Every gambling sites are like this which the house always win, and the percentage of winning is lower than that percentage of losing, that is why most of the gambling sites are rich and have many bitcoin. Other players are just investing their bitcoin to the gambling sites because they are staying on side that has a less risk compare if you are just going to spend it in gambling. In my opinion, rather than doing gambling as the way we earn bitcoin, doing other things that have less risk are more appropriate and worth than gambling like Trading and posting in this forum.
Owning a gambling house itself means trading.so i am providing that opportunity to people here to start earning money rather than losing in gambling.
If coders are giving edge to house then the site can run for some time and after that people will lose trust on them and willl not invest in such casino, I think they need to be fair in gambling, and only then they can expect to be successful in future and to run for a long time.
I strongly agree with this statement, as a gambling operator you can fool some gamblers but not all, there are smart gambler who will do an audit of the system to protect themselves from any possible rigged games.

I think since gambling sites has already the advantage, they will win in the long run so what they must do is to take care their clients and let them feel you are being fair.

It's the reputation that matters after all, other wise you will lose players that bring you profit.
legendary
Activity: 938
Merit: 1002
January 05, 2017, 03:35:49 AM
#23
Yes, it is true. Every gambling sites are like this which the house always win, and the percentage of winning is lower than that percentage of losing, that is why most of the gambling sites are rich and have many bitcoin. Other players are just investing their bitcoin to the gambling sites because they are staying on side that has a less risk compare if you are just going to spend it in gambling. In my opinion, rather than doing gambling as the way we earn bitcoin, doing other things that have less risk are more appropriate and worth than gambling like Trading and posting in this forum.
Owning a gambling house itself means trading.so i am providing that opportunity to people here to start earning money rather than losing in gambling.
If coders are giving edge to house then the site can run for some time and after that people will lose trust on them and willl not invest in such casino, I think they need to be fair in gambling, and only then they can expect to be successful in future and to run for a long time.
sr. member
Activity: 812
Merit: 257
January 05, 2017, 01:51:39 AM
#22
we can show you demo and provide backend acess.so you can be assured of no problems
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