How to bet on sports
To uninitiated observers from the outside, it seems that sports betting is something akin to the lottery. In fact, only people who are deeply passionate, attentive and collected can make money on sports predictions. Knowledge of the specifics of the competition is not enough. You need to understand the rules that bookmakers set and be able to calculate the likelihood of different events. Now find out the secrets of experienced bettors that help them earn money on bets. At the end of the article, you will find a glossary of terms and TOP-5 bookmakers, compiled by experts and analysts from leading aggregator sites.
How to Bet on Sports: Tips for Newbies
The main rule: in order not to go bankrupt, you cannot place bets that exceed the limited limit. Starting a career bettor, determine budget bookmaker Ukraine , which you allocate to your new occupation. Set a limit on what you can spend. It’s great if you use 2/3 of all the allocated money, and leave 1/3 as an emergency reserve in case of a complete loss.
When placing a bet, you must have a strategy for the game. You can develop it yourself or use the already known options. All strategies can be conditionally divided into two groups: active and passive. The first ones involve betting on events, the probability of which is high. The second is participation in betting on controversial matches.
Better to place bets in large offices. Bookmakers with a name value their reputation. When faced with a situation where a little-known office offers profitable odds on an event in which you are almost sure, think about it. This can be money-defrauding. Having collected the rates, the swindlers simply disappear into the vastness of the World Wide Web.
How a bookmaker works
Depending on which sports specialists work in the office, event lines are drawn up. For each of them, several outcomes are offered. It can be a victory, a loss of an athlete or a team, a draw or a total fight.
You must understand that the goal of any bookmaker is to make a profit. He wants to beat you. The work of bookmakers is based on a mathematical model, with the help of which the odds for different bets are calculated. The correct calculation of odds allows the office to receive profit for any outcome of the event.
Understated odds and margins
When calculating the odds, two indicators are taken as a basis: the probability of an outcome and the margin. The higher the likelihood that the event will materialize, the lower the bet odds. Quotes are calculated according to the principle of inverse dependence on the probability of the indicated outcome. The odds are underestimated so that, even by guessing the outcome, the player gets the minimum profit.
The main source of the betting profit is the margin. Most of the bookmakers are content with 8-10% as a margin. If the probability of the outcome is estimated at 70%, then the bookmaker will add these 10% to increase its own profit. Then the coefficient is calculated from the probability of 80%.