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Topic: How does sports betting works ? (Read 2193 times)

hero member
Activity: 714
Merit: 500
May 27, 2016, 06:29:55 PM
#63
When it comes to sports betting I think you should hold good knowledge of that particular sport and also about the ratings of players and that will surely help you in winning something.
hero member
Activity: 714
Merit: 500
Me, myself and I
May 27, 2016, 04:11:31 PM
#62
I guess they will bet against the house but sermua any gambling house would accommodate your bet on their site with the passage of time they will increase the chances of becoming lower if one side isn't balanced.
sr. member
Activity: 420
Merit: 250
May 27, 2016, 02:27:24 PM
#61
Yes, you bet against other players who have bet on the opposite odds. So in the end of the match winners share money that was placed on the losing team by another gamblers. And winners's profit depends from how big money they bet. The winners are those players who have made the correct prognosis and bet on the right outcome in the majority of the proposed score of the match created by the House. And House is holding a certain percentage of amount as their earnings (That's how they r survive).
Ah thats why the ods is ramdomly generating.. its relaying on the bet in the other side which is your enemy bet.. now i learn about sports betting i am old in sports betting but this is my first time to know about the ods.

Odds usually defy the user, sometimes even odds with 1.30 or 1.20 will lose which are considered heavy favorites. Relying only on odds is not advisable and as a minimum every soccer bettor will have to check at least the standings of 2 teams which are playing against each other and check also goals statistics, then he can even see the odds to make a comparison if odds are correct based on these facts or not. I wonder how vegas put this odds, they must have some kind of gigantic data analyzing software.
legendary
Activity: 2030
Merit: 1030
Privacy is always important
May 27, 2016, 02:24:11 PM
#60
Yes, you bet against other players who have bet on the opposite odds. So in the end of the match winners share money that was placed on the losing team by another gamblers. And winners's profit depends from how big money they bet. The winners are those players who have made the correct prognosis and bet on the right outcome in the majority of the proposed score of the match created by the House. And House is holding a certain percentage of amount as their earnings (That's how they r survive).
Ah thats why the ods is ramdomly generating.. its relaying on the bet in the other side which is your enemy bet.. now i learn about sports betting i am old in sports betting but this is my first time to know about the ods.
hero member
Activity: 1078
Merit: 514
May 27, 2016, 02:06:22 PM
#59
Yes, you bet against other players who have bet on the opposite odds. So in the end of the match winners share money that was placed on the losing team by another gamblers. And winners's profit depends from how big money they bet. The winners are those players who have made the correct prognosis and bet on the right outcome in the majority of the proposed score of the match created by the House. And House is holding a certain percentage of amount as their earnings (That's how they r survive).
sr. member
Activity: 1022
Merit: 280
May 27, 2016, 02:03:23 PM
#58
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legendary
Activity: 1638
Merit: 1046
May 27, 2016, 02:01:03 PM
#57
Honestly really dont understand sports betting but i am one who playing and betting there and can make a profit.. the one thing that didnt know the odds  sometimes the ods change and sooner if you get back and refresh the page ods again will reduce its weird for me.. but i am still betting there.. toto parlay is the best for me..
hero member
Activity: 784
Merit: 1000
May 27, 2016, 01:55:54 PM
#56
There is no house factor involved in sports betting.It is very simple to understand and to place bet.It is neither against each other and this is the beauty of sports betting.You have a wide range of odds to choose and place your bet.You win all the amount is yours you loose site will win.In casino games you win then too you let some part to house anyway.
hero member
Activity: 700
Merit: 500
May 27, 2016, 01:52:02 PM
#55
I also have to say that how everything is calculated I don't understand and neither care.What is good part I know and understand fully the options and odds what I use to place bets on.I am satisfied to know what is necessary and I will not even want to know.It is complicated way because there are plenty of options.
hero member
Activity: 714
Merit: 500
May 27, 2016, 01:44:45 PM
#54
Actually it is mixture of bet against house and each others.There will always be people who place on different options and house set them in this way in any case its winning margin to be from every aspect.House will offer odds which are of course in its favor even sometimes they are too high.This is what is my understanding for betting in sports.
legendary
Activity: 3234
Merit: 1214
casinosblockchain.io
May 27, 2016, 01:30:20 PM
#53
Working of sports betting can't be explained. If you get involved only you can clearly understand how things happening. None can explain it in the perfect manner because the more you fall you gain more strategy about betting.
member
Activity: 84
Merit: 10
www.lunarbets.eu Bitcoin*Sports*Betting
May 27, 2016, 12:57:38 PM
#52
Sport betting is pretty easy, there are two teams playing in a game you can pick one those who you think that is going to win or of you think that they will draw you can also choose that.
One of the teams is obviously better so the amount of money you can is different that way.


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hero member
Activity: 770
Merit: 500
May 27, 2016, 12:23:24 PM
#51
Basically ,yes you bet against the players who have bet on the opposite odds.Considering a soccer match,the bets will be placed on both the team,one has to win and the other will lose.House will pay for the profits of the winners of course from the money that was placed on the losing team.But again these numbers could be even/odd so house has to pay the winners.Most of the times this is covered by looking at the bigger picture.

Ok I'm with you so far but now they have a third option which is a draw. How does a draw work ? U lose if u vote for a win or lose but get a draw.
sr. member
Activity: 364
Merit: 250
May 26, 2016, 10:49:09 AM
#50
Sport betting is pretty easy, there are two teams playing in a game you can pick one those who you think that is going to win or of you think that they will draw you can also choose that.
One of the teams is obviously better so the amount of money you can is different that way.
sr. member
Activity: 406
Merit: 250
May 26, 2016, 08:27:44 AM
#49
Say, a betting will take place on a soccer game score. Does people bet against each other or bet against house ? If they can bet against house, then how does house calculate its odds ?

Nope. In soccer game, there are many options to bet on it, like over 2.5 goals, asian handicap, etc. The bookmarkers give us the odds for that option and we bet what we want to bet.
legendary
Activity: 1400
Merit: 1001
May 26, 2016, 08:21:12 AM
#48
You play against house, you bet for team A or team B or for draw, ods are diffrent for every side, you win diffrent ammount
But, how come the house gets to know that who has more chance to win and place odds accordingly? Do they keep expert for each game?
Of course. That is the idea behind it. They evaluate chances and create odds for every bet they provide.
They calculate win/lose potential based on many factors - but that doesn't mean they are always right, as in sport betting many upsets can happen.
legendary
Activity: 1666
Merit: 1001
May 26, 2016, 07:18:41 AM
#47
Yes if you enter to sport bet site you are going to bet against the house, the house has its own calculation for the odds and now it is easier to bet because the house has show you the odds
now there are a lot of bet type like asian handicap or bet under/over and etc in soccer game so you can decide which bet suit you the best
full member
Activity: 689
Merit: 102
May 26, 2016, 07:05:50 AM
#46
You play against house, you bet for team A or team B or for draw, ods are diffrent for every side, you win diffrent ammount
But, how come the house gets to know that who has more chance to win and place odds accordingly? Do they keep expert for each game?
hero member
Activity: 658
Merit: 500
February 29, 2016, 09:59:34 AM
#45
You play against house, you bet for team A or team B or for draw, ods are diffrent for every side, you win diffrent ammount
hero member
Activity: 770
Merit: 500
Forza Roma
February 29, 2016, 07:37:29 AM
#44
You can just gamble in a club that you think that can win or something, or you can also gamble on a player.
Then you can say in soccer how much he is going to score or something. But gambling is very bad.
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