Sports betting is just as simple as choosing your desired team of your favourite sports and place a bet. There are various types of wagers or bets offered by sportsbooks and betting sites but 3 of the most common are:
Moneyline - is a bet where the result is determined by the result of the game. The margin is not important and does not affect the result. Win or lose between two teams.
Handicap - The "Favourite (-)" and the "Underdog (+)", points will be deducted (-) to the favoured team and additional points will be added to the underdog
after the game. Points to be deducted and added will be based on the given odds.
Over/Under - The results will be based on the total combined scores of both teams.
Team 1 - 100 Team 2 - 105 (Added Score = 205 > Over)
in order to win you should bet to "Over 200" instead of "Under 200"
One of the most user-friendly sports betting websites I've visited is www.lunarbets.eu. They cover major sports and leagues from around the globe. And what I like most is that they have a 24/7 customer live chat that is available 24/7. COOL HUH!
Topic: How does sports betting works ? - page 2. (Read 2193 times)
They are betting on club or players who is going to win. But I dont like it, there is a chance of matchfixing and that is not good.
I hope later that more people will just gamble with poker or something. I dont like gamble on sports.
I hope later that more people will just gamble with poker or something. I dont like gamble on sports.
But nowadays this is getting a hype this sports betting. I dont know but perhaps they get their liking into this sports and their love for BTCs.
Sports betting becoming popular because it has no house edge so many people like it to check there skills and luck. It also not only based on luck because people can predict better than those fully luck oriented games like dice. But because of match fixing issues, difficult to guess the results.
They are betting on club or players who is going to win. But I dont like it, there is a chance of matchfixing and that is not good.
I hope later that more people will just gamble with poker or something. I dont like gamble on sports.
I hope later that more people will just gamble with poker or something. I dont like gamble on sports.
But nowadays this is getting a hype this sports betting. I dont know but perhaps they get their liking into this sports and their love for BTCs.
They are betting on club or players who is going to win. But I dont like it, there is a chance of matchfixing and that is not good.
I hope later that more people will just gamble with poker or something. I dont like gamble on sports.
I hope later that more people will just gamble with poker or something. I dont like gamble on sports.
You have to remember it doesn't matter which sportsbook - online or not- you are wagering at. All that matters is the odds and odds only. You have to shop around and find the best available odds and if you think you have an edge over the bookie on that line pull the trigger immediately.
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 ?
Well, sports betting works like that, you bet on a event and sites manage the loss and profits. But man you gave a brilliant idea that if people bet against each other. I think we can generate even more events .. hmm a really very innovative idea from my point of view.
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 ?
Well, sports betting works like that, you bet on a event and sites manage the loss and profits. But man you gave a brilliant idea that if people bet against each other. I think we can generate even more events .. hmm a really very innovative idea from my point of view. 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 ?
The house calculates the odds based on the past performance and the quality of the team/player. For example if a game was Djokovic vs Nishikori the house would obviously give lower odds for Djokovic.
Most of these houses will have there won experts to come up with there odds. Some times to attract more bets they may refer to there compitator sites to come up better odds. More sports houses means people may get more better odds.
I was always curious to know how sports books decide the odds they offer. I think they just copy them from big bookmakers lol
You hardly see any diference between them, and i don't think every site has the possibility to analyze events and decide odds.
You hardly see any diference between them, and i don't think every site has the possibility to analyze events and decide odds.
They may copy the odds but if any thing go wrong then they will be under loss so I think they also will have some one to decide the odds but may not be an expert. All these sports betting houses should have very good capital investments to run the show.
When two teams meet on the football field or on the basketball court, one team is typically better than the other. If all sports bettors had to do was to pick the winning team in a game, everybody would simply wager on the best team and collect their money.
You have 3 options for betting money on sports – take a trip to one of the Las Vegas sportsbooks, find a local bookie, or sign up at an online sportsbook. Of the three options, online betting sites are definitely the easiest and most convenient way to bet money on sports.
You have 3 options for betting money on sports – take a trip to one of the Las Vegas sportsbooks, find a local bookie, or sign up at an online sportsbook. Of the three options, online betting sites are definitely the easiest and most convenient way to bet money on sports.
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 ?
The house calculates the odds based on the past performance and the quality of the team/player. For example if a game was Djokovic vs Nishikori the house would obviously give lower odds for Djokovic.
I was always curious to know how sports books decide the odds they offer. I think they just copy them from big bookmakers lol
You hardly see any diference between them, and i don't think every site has the possibility to analyze events and decide odds.
You hardly see any diference between them, and i don't think every site has the possibility to analyze events and decide odds.
Yes this is something that intrigued me for a long time too.
If you understand the role of bookmakers/bookies it's easier to make a pick.
I was always curious to know how sports books decide the odds they offer. I think they just copy them from big bookmakers lol
You hardly see any diference between them, and i don't think every site has the possibility to analyze events and decide odds.
You hardly see any diference between them, and i don't think every site has the possibility to analyze events and decide odds.
There has to be some copying of them. If you have drastically different odds than another (or all the other) sites, you will open yourself up to people making bigger bets at your site by trying to arbitrage or make "sure bets." It's not an issue if you are on the right side of things, but the penalty for being wrong when you are on your own with a line is much bigger than the penalty if you are wrong with everyone else.
Yes I agree with you, but I wonder where do they all copy the odds from, and who is "the one" that creates the odds in the first place, and how they decide to offer them. Do they have experts to determine the outcome etc I'm quite curious of that as well.
I was always curious to know how sports books decide the odds they offer. I think they just copy them from big bookmakers lol
You hardly see any diference between them, and i don't think every site has the possibility to analyze events and decide odds.
You hardly see any diference between them, and i don't think every site has the possibility to analyze events and decide odds.
There has to be some copying of them. If you have drastically different odds than another (or all the other) sites, you will open yourself up to people making bigger bets at your site by trying to arbitrage or make "sure bets." It's not an issue if you are on the right side of things, but the penalty for being wrong when you are on your own with a line is much bigger than the penalty if you are wrong with everyone else.
I was always curious to know how sports books decide the odds they offer. I think they just copy them from big bookmakers lol
You hardly see any diference between them, and i don't think every site has the possibility to analyze events and decide odds.
You hardly see any diference between them, and i don't think every site has the possibility to analyze events and decide odds.
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 ?
It depends on the site you are using. If you are using a betting exchange you are betting against other bettors, and the house takes a commission for providing the service. An example of that is betfair in "fiat world", or fairlay and betbtc in the "bitcoin world".
The mot common option is that you are betting against a bookie, an they offer the odds so that their "book" is bellow 100%, meaning that they will get their profit from that difference.
Most of the time you are playing against the house.
Some websites are "betting exchanges" where you can bet against other people.
In each case, the odds will be offered and you can accept or reject them.
The house calculates their odds by doing research on the games and offering odds where they think that they will win money. They can change the odds over time to guarantee themselves a win and/or encourage people to bet on one side or the other to reduce their variance.
Some websites are "betting exchanges" where you can bet against other people.
In each case, the odds will be offered and you can accept or reject them.
The house calculates their odds by doing research on the games and offering odds where they think that they will win money. They can change the odds over time to guarantee themselves a win and/or encourage people to bet on one side or the other to reduce their variance.
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 ?
Well the odds given are vary per gambling sportsbook provider that's why you will noticed all sportsbook sites has a different odds to offer.
One reason is to attract more players. There is no fixed calculation of odds because if one site will offer a small odds to the same match, then other site offers a good odds to that same match also, well players will noticed the difference.
Traditional sportsbooks receive their odds everyday from odds providers which are carefully predetermined according to the public money. On the other hand there are betting exchanges, most popular being Betfair, where the customers decide the odds and you can become the house by setting up the lines for other users to bet on.
You are betting against the house with sports betting, unless you are entering daily fantasy sports competitions. Then you would be competing against other players.
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