How does the bookmaker work
How does the bookmaker work
Ordinary people not connected with gamblingit is often not quite clear how the bookmakers operate. With what organizations that accept rates for the outcome of events, make a profit, how to calculate the winning ratio, and do not people cheat here.
Instructions
1
A bookmaker is an organization thatBets on sports or other events. If the outcome of the event ends in favor of the player, then he receives a win, otherwise the money remains in the office.
2
The main task of bookmakers iscareful analysis of the upcoming sporting event, competent definition of coefficients and identification of favorites. It turns out that in different offices coefficients can differ. This gives players more opportunities to find a more advantageous option for themselves.
3
The sum of the probabilities in the bookmaker office will never be 100%. As a rule, it is about 115%. This 15% is the profit of the bookie. It is already inherent in the coefficient.
4
Bookmakers use several methodsdetermine the probability of the outcome of an event. Some of them are based on the mathematical theory of probability, on statistical indicators, and some on the opinion of experts. The combination of these methods helps the bookmaker to achieve the most accurate predictions about an event.
5
Unfortunately, in the world of modern sportscontract matches are not that rare. The outcome of such an event is known in advance only to a limited number of people. Some sports teams are in collusion with bookmakers. Knowing the outcome of the event in advance, the bookmaker calculates the coefficient in such a way that it receives a huge profit for itself.
6
Bookmakers always preferTo overestimate the favorite of the upcoming event. They calculate the chances of winning and another 15-20% added to the probability of winning the favorite. This percentage will change as the rates are received, thereby the bookmaker's profit will grow.
7
"Express bets" bring bookmakerssolid profit. The player makes a prediction for several events at once. As a rule, the coefficient for this type of betting is very large. In the event of a victory, the player can get a solid win at minimal cost, however, the chances of winning here are negligible.
8
Bookmakers have at their disposal many differenttricks, which provides them with the opportunity to always have a stable income. Even if the event does not begin to develop as predicted, the bookmaker office will always have the opportunity to adjust the coefficients to eventually get its profit.
9
A solid bookmaker must have an appropriate license, authorizing this type of activity.
