Glad to welcome you again, friends. Have you heard of this type of income, how? Despite the fact that the name of the betting shop is completely unsportsmanlike, the activity of such offices is to make forecasts for the outcome of a particular sporting event. Forecasts are made by players, and the office, based on the results of the match, pays the winning bets.
Earnings for an amateur, but many succeed in this business, and I even know people who have almost had their third eye opened, so they got the hang of guessing.
But, most likely, when talking about intuition and inner vision, they exaggerate a little, here it’s not so much a blind guess, but a competent calculation and the fan’s awareness of his favorite team or his favorite sport: young and experienced players, the possibilities of each of them, possible injuries, exactingness of the coach.
1. How bookmakers work
I’ll make a reservation right away, friends, that no matter how experts in sports you are, bookmakers act in such a way as to always win, there would be no benefit for the offices themselves, there would be no bookmakers. But they are not scammers, they are not scammers - they just work like that. Its principle is built on the difference and thoughtful alignment of coefficients: the more predictable the result of a match (or other sporting event), the lower the coefficient. Changes in the coefficient also depend on the number of bets made.
One more nuance about bookmakers: they love unexpected outcomes, in this case there are negligibly few, or even none, who guessed correctly among clients, and the office remains in a huge plus.
Therefore, the number one task for the player (it is quite difficult) is to determine the odds from which the bookmaker will start in order to get the maximum profit.
It is also difficult to beat a bookmaker because it usually employs very competent sports experts, whose "predictions" come true in 75% of cases. But this does not mean that ordinary fans are doomed to total bad luck - if you develop the right strategy and turn off all emotions and excitement for the duration of the game, then making money on bets at bookmakers can be a pretty decent part of your personal or family budget.
2. A few basic mistakes in playing with bookmakers
There are several basic approaches and strategies that allow you to win more often against a bookmaker, whether it be Leon or some other famous and difficult to beat. But with all approaches to the game and with all well-matched odds, it must be remembered that every player can make mistakes, especially when he gets excited, and bookmakers only need this.
Here are a few common mistakes to avoid when betting, and which beginners most often make:
- the pursuit of maximum odds - the less a person is obsessed with the amount of winnings, the more chances he has to win;
- a full bet on your favorite team - you need to separate the concepts of “favorite team” and “team to win”, as well as divide the bet amount into several options, for example, make three bets on three clear favorites, so the chance to win increases;
- acting out on emotions - often the loser is overwhelmed by the desire to win back, and urgently, and no hasty actions can be taken on emotions, this leads to even greater minus and depression, you can and should win back, but after some time, when you cool down and carefully analyze the possibilities and chances of playing teams;
- inattention - in excitement, he clicked on the wrong button, as a result he bet on the wrong one;
- unwillingness to get enough information - to make a winning bet, you just need to devote a little time to studying all the details, there are enough sites on the Internet for this: you can do a full analysis of the sporting event of interest, you can use the tips on the forums, and some resources provide valuable guidance to help players , but beginners often ignore these features.
Earning money at bookmakers is not quite a game, although it looks that way from the outside, it is a well-thought-out strategy, sober calculation and possession of information.
3. Ways to make money on bets
I propose to consider the most affordable ways to make money on betting games.
If you are seriously thinking about trying yourself in betting games, do not bet all your money on the first day, even though beginners are lucky. Excitement is a good thing, and cold calculation is reliable.
4. Personal experience of making money on bets
Unfortunately, or fortunately, I don't remember ever making a bet in my life. But among my acquaintances there are many guys who have repeatedly raised huge sums. So, how did they do it? Don't know. I just want to say that on the social network Vkontakte I saw quite a few communities where they offer to buy forecasts.
Earnings on the Internet is a popular field of activity, which employs more than 40% of network users. This is not surprising, because such a way to replenish the budget has a considerable number of advantages, which attracts an increasing number of employees.
Such a demand for making money online has contributed to the emergence of many options to earn real money. It is difficult for beginners to navigate in all the abundance of attractive offers. On today's agenda, one of the most interesting ways to make money is betting on bookmakers.
A bookmaker's office is an organizational structure whose task is to accept bets on the forecast of various types of events, both sports and related to other areas of activity.
As a rule, a considerable number of such offices can be found on the network. This is due to the fact that today a significant number of users are interested in this type of income and often use more than one organization, but several at the same time.
The principle of operation of bookmakers is identical, all players must place bets. The key difference lies in the provision of additional bonuses and promotions, statistical material and other conditions.
Many users are skeptical about such organizations, believing that it is almost impossible to get income from them. But a stable income in bookmaker is quite possible, although there is a risk of losing. You need to use analytical thinking and have minimal knowledge in the field of probability theory, and then victory will be yours.
Proven sites for making money on bets
TetraBet.com is an innovation in the world of sports betting. One of the few quality services with forecasts. A distinctive feature is that the forecasts here are given not by a person, but by a special algorithm. In addition, thanks to artificial intelligence, TetraBet automatically calculates the optimal bet amounts so that you will always be in the black.
Registration ✓In order to make money on bets in bookmakers, you need to look for a trusted bookmaker. After all, an extensive range of such organizations contributes to the emergence of scammers who seek to enrich themselves at the expense of inexperienced beginners.
To ensure that your bets are in the hands of an honest bookmaker, you can check out the list of sites for making money on bets, which are preferred by most online players.
- LEON has been an office on the Internet for more than 7 years. During this period, managed to win the trust and location of users. Specializes in sports betting. The activity is officially licensed. The coefficient is attractive, unlike other organizations, it can reach 5.4.
- Planetofbets - appeared relatively recently, in 2011. Despite this, it has attracted the attention of many players. Like the previous structure, this one is characterized by the presence of a license for official activities, as well as betting on sporting events, mostly football. Customers are attracted by first deposit bonuses.
Step-by-step instructions for making money on bookmakers
Most beginners, having received a volume of useful information on making money on bets, remain at a loss. Often they don't know where to start. In order to orient them, we offer you a step-by-step algorithm of actions:
Initially, you need to decide on the choice of a bookmaker. Previously, examples of the most reliable structures were given. I recommend starting with LEON as it is the most popular.
Go through the registration process. It is quite simple, you need to fill in all relevant fields with correct information.
Often there are two opposing opinions regarding bets in bookmakers. Some people believe that it is very easy to win, it is enough to use the "sures" or rely on luck. Others believe that it is almost impossible to beat an experienced bookmaker. The truth is always in the middle: it is possible to get a stable income from sports betting, but this requires a long and painstaking work.
A stable income on bets is the result of hard work.
Step 1. Choosing reliable bookmakers
The first thing every novice player faces is choosing the right bookmaker. Even if you are perfectly versed in football or hockey, make excellent predictions and are confident in your analytical skills, the bookmaker can cut the maximum bet or refuse to pay out funds.
The principle of operation of all bookmakers is very simple. They offer customers to bet on sporting events with different odds. Cuffs may vary. It depends on the probability of the outcome, the number of bets, etc. If the player correctly indicates the outcome of the event, he receives a win.
There are several criteria by which you can choose a bookmaker for sports betting via the Internet.
- Availability of a license. Today, there are two groups of bookmakers on the Internet. Some have an official license, make payments through TsUPIS and remove tax from winnings. Others work on the basis of a license issued by one of the offshore companies (for example, Curacao). Among the main advantages of a licensed office is a guarantee that you can place a bet at any time and, if you are lucky, get your winnings. If there are any misunderstandings, you can contact the higher authorities and authorities. Sites of offshore companies are periodically blocked at the request of Roskomnadzor, and the administration of the office is the last resort in the relationship between the client and the bookmaker.
- Betting line. Here, each player selects a bookmaker individually. If you specialize in a particular sport, such as football, hockey or esports, compare the lines of several offices and choose the company with the best offers.
- Payment systems. Legal bookmakers work with payment instruments approved by TSUPIS. First of all, these are bank plastic cards. Each betting shop accepts money from the card and withdraws the winnings. In addition, many offices work with electronic wallets - WebMoney, Yandex.Money and some others.
- Odds. Each office calculates its own coefficients, according to which it accepts sports bets in the future. Some have their own analytical department, others use the best practices of the largest players in the world market.
- Reviews. Before you make money on bets in bookmakers, you should read the reviews of players on various specialized services, study the top of the best bookmakers.
note to the Pari-Match bookmaker, which has been a leader in various bookmaker ratings for many years and is one of the most reliable in the CIS. Right now, all new players can get a good deposit bonus of 2500 rubles, do not miss the opportunity.
Step 2. Which sport to choose for online betting
Before you make money on a bookmaker, you need to decide on the type of sport. You should not bet on everything: one or two sports and several tournaments are enough.
When choosing a sport and tournaments, there are some nuances.
- The player must be interested in this sport. Otherwise, he will not be able to make a competent prediction on the outcome of the match.
- You can't be a player and a fan at the same time. This is good if you want to support your favorite team with one or two bets. But if the goal is to make money in bookmakers, it is necessary to soberly assess the chances of each opponent winning.
- You should not choose little-known sports disciplines and tournaments as your specialization about which there is practically no information. This will inevitably arouse the suspicions of the bookmaker's employees, and you will have to prove that you are an honest player.
Step 3. Choosing or developing a game strategy
Each player, whose goal is a stable income on bets in bookmakers, develops his own gaming strategy or uses existing ones. There are two groups that include most of the existing betting strategies.
Game strategies
Among gaming strategies, value betting, or a bet on an underestimated event, is very popular. The bookmaker's office employs ordinary people who sometimes make mistakes. Most often, technical or analytical errors occur in live. Experienced players place bets on such events and make a profit.
Another popular and, one might say, win-win betting strategy is betting surebets. The player places bets on opposite outcomes of the same event in different bookmakers. If the quotes are chosen correctly, the win is guaranteed regardless of the outcome of the match. This is possible due to the fact that bookmakers can evaluate the probability of the same event differently.
Branch from the forks - corridors. The strategy works with totals or odds. For example, in two bookmakers, bets are placed on total over 4.5 and total under 6.5. If the final total is between these indicators, then the bet fits into the corridor and you get a good win. If only one bet is played, the player remains with his own.
Financial Strategies
Among the financial strategies, one can note the classic flat. This is the best strategy for beginners, assuming that the player makes the same bets over an extended period. An increase or decrease in the game bank in this case is not a basis for changing the bet amount.
Bankroll management is a key element of earning in bookmakers
Some professional players try to make money with the martingale strategy. The essence of this strategy is that the player determines the size of the first bet, and if he loses, he doubles the size of each subsequent one, and so on until he wins. The whole question is what will happen first - the bet will win, the pot will end or the BC limits will work.
Experienced bettors develop their own strategy, which allows them to make money on bets at a bookmaker's office. Each player has his own financial capabilities, propensity for analysis, experience. Based on your own preferences, you can create the best strategy that will work for you. However, it also needs to be constantly improved.
Step 4. How to place a bet at a bookmaker
If you have never made bets at bookmakers, follow these steps:
- Learn the rules of the bookmaker, all the basic terms and types of bets.
- Pass the registration and identity confirmation in the BC, if necessary - in the TsUPIS.
- Get a bank card or an electronic wallet in the WebMoney, Yandex.Money, Neteller systems. If you already have a card or wallet, you can skip this step.
- Make a deposit. A certain amount is deposited into the game account. If you wish, you can use the bonus that the bookmaker offers for the first deposit, but in this case you also need to carefully read the conditions. Each bonus must be wagered. The largest first deposit bonus, with relatively simple conditions, is offered by the Leonbets bookmaker: 3999 rubles for betting.
- Choose events, odds and place bets.
- In order to avoid disputes in the future, it is worth keeping game coupons, both won and lost. If necessary, you can always provide a copy of the coupon to the bookmaker or other organization.
Bottom line: is it possible to make money on sports betting on the Internet
Almost everyone can get a stable income in a bookmaker's office. You just need to develop a professional approach to betting:
- Choose and explore a sport and several tournaments.
- Learn to analyze sports events.
- Find or develop a sports betting strategy that meets the capabilities and abilities of a particular player.
- Work out the psychological aspect, get rid of "favorites" and fears of losing.
- Choose one or more bookmakers with optimal conditions and start placing bets.
Recently, many are trying to find sources of additional income. This article discusses the possibility of earning money in a bookmaker's office. The article presents the rules by which you can receive a small but stable income by playing bets on sports events; Some psychological aspects of betting based on personal experience are disclosed in sufficient detail.
Making money on bets at a bookmaker - is it real? Answer: yes. If you are fond of sports, have the opportunity to watch broadcasts of sporting events, you can use this as an additional source of income. You need start-up capital, knowledge about any sport, and the ability to analyze data from various Internet resources will not be superfluous. A very good help in making money on bets is the ability to make informed decisions without involving a lot of emotions.
In the 80s, the state bookmaker's office "Sportprognoz" was opened in the USSR. And in 1991, the first private bookmakers opened in Moscow, specializing in sports events. Currently, there are more than 500 large bookmakers in Russia.
Based on personal experience, I can say that, subject to certain rules, you can have a small but stable income. Here are the rules: determine the sport in which you are best versed and bet only on it; determine a fixed amount of the bet (for example, 5-10% of the bank amount); do not bet on everything, but choose only those events in which you are sure, about which you are well aware; not to react too emotionally to both victories and defeats. By following these rules, you can significantly reduce risks and costs.
The activities of bookmakers in Russia are regulated by the federal law "On state regulation of the organization and conduct of gambling and on amendments to certain legislative acts of the Russian Federation" N 244-FZ
Now let's look at some of the psychological aspects of "betting". Many players overjoy their achievements and become very upset when they lose money. The main threat of an unstable psychological state is the further loss of a large amount of allocated funds. Victories inspire, make the player self-confident, and he begins to bet ever larger amounts on everything, thinking that in this way he will increase his income many times over in a short time. Defeats, on the contrary, give rise to uncertainty, self-pity for the lost money; the player tries to win back the staked funds as quickly as possible and, again, begins to bet on everything in the hope of returning everything back. The result, of course, is the same - a person loses even more money. Therefore, it is extremely important to react calmly to both victories and defeats; keep yourself in hand. This will provide perhaps not the fastest, but definitely a stable income.
Another important component is the ability to analyze your actions, learn from your mistakes and remember the lessons that were learned in the process.
In the end, I would like to say that making money on bets in bookmakers can be attributed to quite risky investments, but this does not make the process less exciting and interesting.
Earnings with the help of the "betting surebet" strategy
Betting fork (arbitrage situation, eng. arbitrage, eng. surebet) - the ability to bet on all possible outcomes of one event in different bookmakers. This approach is guaranteed to bring profit. Of course, the profit is small and lies within 0.1 ... 1% of the rate. But, it is earned in a day. And if you count for a month? With the right organization of the approach to this process, the amount is significant.
Suppose one game, on the result of which bets are accepted, has two outcomes - outcome 1 and outcome 2. Bookmers accept bets on these outcomes with their own odds. Among the many offices, you can find two, in which the coefficients will be the same. For example, the coefficient 2.1 for the first office on outcome1 and the same coefficient 2.1 for the second office on outcome2. By placing 100 rubles in both offices (in the first for outcome 1, in the second for outcome 2), we are guaranteed to receive 10 rubles to our “bank”. If this is repeated like this with every game, then a good amount will be added to our “bank”.
And, if it may seem to you that there are no such couples, then you are mistaken. Every day there are many couples for all kinds of events. And sometimes even triples-fours (where there are 3 and, accordingly, 4 events). The next major sporting event is the 2018 FIFA World Cup, which will be held in Russia. If you have never tried it, then it's time to try the legal way to make money from sports betting.
The chances of the Russian national team, which will begin the performance of Euro 2016 on June 11 with a match with the British, are estimated by bookmakers to be extremely low. You can now bet on the victory of Russian football players in the final with a coefficient of 67.0. How does the betting business work and what do the odds set by bookmakers depend on? This is described in detail by the recently published book "The Art of Sports Betting", a fragment of which we publish.
The main principle of the bookmaker's office is to always win. For any outcome. In order for the bookmaker to live and prosper, its analysts calculate the odds for sports events not only (and not so much) based on the real probabilities of their outcome, but taking into account the margin included in the odds, which brings the office profit from each of our bets.
Let's flip a coin of 100 rubles. As you understand, it will be either tails or heads. The odds are 50/50. Let's say you bet on tails and your friend bets on heads. It doesn’t matter whose bet wins, the bookmaker pays the winner 100 rubles without taking a penny. If it were so, there would be no bookmakers. Because this is, to put it mildly, a bad business plan. In real life, bookmakers lower the amount of winnings. Let's imagine that the bookmaker's office reduced the amount of winnings to 90 rubles (instead of 100); in coefficient terms, this will look like 1.9. The situation when players bet 100 rubles at odds of 1.9 brings 10 rubles of net profit to the bookmaker for any outcome.
Simply put, the bookmaker receives 100 rubles from the player, and pays only 90 rubles to the winner. This is what the bookmaker’s margin is made up of, or, as the Americans say, “juice”, and we are “juice”.
It is this moment that makes it difficult or, on the contrary, makes the betting phenomenon itself more interesting: you not only have to bet on the winners of the competition, but also do it at a return rate that is more profitable than the bookmaker's margin. Roughly speaking, it is not enough just to know that Dynamo Moscow is better than Arsenal Tula, it is important that you are paid more than you should be paid for their possible victory. Otherwise, no matter how often you win when betting on Dynamo, you will still gradually lose money, which will become noticeable after 1000 or more bets. You can beat the bookmaker, only in this case it means success in the long run, that is, superiority in the number of wins, nothing more.
How do bookmakers calculate odds?
For bookmakers, the correct calculation of the odds price is the key to long-term success. For them, this is a game of numbers for big money. However, as for us - those who professionally bet on sports. All bookmakers offer odds on the event line with their own margin percentage already built in. For example, for Premier League tournaments, bookmakers set the odds line to an average of 107%. In places where the results are difficult to predict, for example, leagues in which unknown athletes play or local teams from the second and third divisions, the margin inflates to 120% - this is how bookmakers try to protect themselves from players who understand such leagues.
Moreover, bookmakers set their own limits on the maximum amount of bets on a particular event. Most often, the highest limits are offered for large-scale world events and games in the premier leagues. Minimum - for regional football leagues or friendly matches, the outcome of which is difficult for bookmakers to predict.
First, bookmaker analysts estimate the probabilities of a particular outcome of a sporting event from their own considerations, but in such a way that the sum of these probabilities equals 100%. Then, to these 100%, they add a percentage of their own profit, that is, they “build in the margin”. For example, take the match between Russia and Ukraine. The analyst of the Russian-speaking bookmaker's office studied the pre-match statistics well, applied the theory of probability, listened to expert opinions and decided that Russia would win the match.
By setting the coefficients, he takes as a basis the real chances of winning or losing a particular team. This is how the real (without the bookmaker's margin) calculation of the probabilities of the outcome of the match will look like.
Russia - 60.6%
Draw - 22.2%
Ukraine - 17.2%
Total sum of real probabilities: 100%.
In fact, this cannot be, since the bookmaker's office will suffer losses if Russia wins. Therefore, the analyst, knowing that the majority will bet on the victory of the favorite, must play it safe - underestimate the odds for his victory, thereby raising the total sum of all the probabilities of this match. In our case, the analyst raised the sum of the probabilities.
The coefficient for the victory of Russia is 1.54, the probability is 64.8%
Odds for a draw - 4.22, probability 23.7%
The coefficient for the victory of Ukraine is 5.4, the probability is 18.5%
The sum of the probabilities for this line: 107%
To calculate the probability embedded in the coefficient, you need to divide 100 by this coefficient (for example, 100 / 1.54 \u003d 64.9%). In order to calculate the bookmaker's margin, you need to add up the probability percentages for all outcomes. In our example, the bookmaker's margin for this event is 7%.
Margin of bookmakers
Even if Russia wins, the bookmaker in this case will not remain in the red. In addition, as bets are received, the bookmaker will change the odds so as to make a larger profit for themselves. Therefore, on the one hand, it is important to have your own opinion about a particular sporting event and independently evaluate the probabilities of outcomes and calculate the value of the bet (we discussed how to do this above). On the other hand, it is important to know what percentage of the margin is laid down by the bookmaker for a particular event. If a bookmaker has a sum of match probabilities in any Premier League above 105%, it is better to look for a more generous betting office. A sum of probabilities of 110% or more for second division or non-European league matches is considered normal.
The bookmaker puts a percentage of its own profit into each coefficient, which allows it to remain a winner in any outcome of the event. The bookmaker's margin is reflected in the amount of return from bets. The bookmaker's margin is always different. The percentage of the commission depends on the policy of the bookmaker and on the significance of the event you are betting on. Most often, bookmakers underestimate the percentage of margin for unpopular events and thereby offer profitable high odds, attracting fans of betting on exotic football leagues or non-mass sports.
It is customary to think that bookmaker analysts place the odds based on their own ideas about who will win in a particular competition and who will lose. This, of course, is true. But not all. Yes, bookmaker analysts can often quite accurately predict a winner or determine an outsider, but this does not mean that the odds they set reflect their real calculations. It would be great: you always bet on your favorites and bankrupt the bookmaker.
But things like financial risk are out of the question for any bookmaker.
When setting the odds for a certain event, bookmakers first of all think about how to attract bets on both opponents. Therefore, they have to juggle numbers in order to set the most attractive odds for all possible outcomes. Taking as a basis the sum of the probabilities of outcomes (100%), they distribute it equally among all outcomes. If equally, how does the bookmaker earn, you ask? With the help of a commission, of course. Bookmakers simply add their percentage to the percentage of the outcome. This additional percentage is automatically deducted from the amount of each bet on any selection. Of course, it is difficult to predict and maintain a balance between all the bets accepted to win or lose. Therefore, bookmakers daily offer hundreds of bets on secondary outcomes (painting) in order to provide themselves with additional money in case of an imbalance.
Why bet on the failures of your favorite teams?
Kirill Dementiev, sports commentator: “Betting is a great way to beat boredom. There are many people who prefer to bet on the failure of the teams they support. And if the favorites do lose, you can get financial compensation for moral damage. Pretty simple , but an effective maneuver: you are reliably insured against deep disappointment "
Market of equal chances
The market of equal chances, or one hundred percent market, is when the bookmaker believes that both opponents are equivalent and their chances of winning are equal (50 to 50). If the bookmaker accepted bets on a coin toss without his commission, then we would have odds of 2 for heads and 2 for tails. But miracles don't happen. The bookmaker needs his piece of the pie. Therefore, from the "pure" odds for equal chances, he "cuts off" his part, taking a percentage of our bet. That is, in reality, the odds for equal chances look something like this: 1.85 or 1.89. It's business, baby!
If the market of equal chances is called one hundred percent, then it is essentially a useless market, since it does not give anything to either the player or the bookmaker. However, when the event market is valued at less than 100%, it means to the player that the value of the bet is higher, but the probability percentages for the possible outcomes are lower. And, on the other hand, if the market is above 100%, as is often the case, then this means that the value of the market is not so high in principle. It is not at all difficult to determine the "value" of the proposed market, and hence the bookmaker's margin in this market. First you need to determine the probability of the outcome (in percent), embedded in the decimal coefficient. Let's take a factor of 1.65. Convert to probability by dividing 1 by 1.65. We get 0.606. Multiply by 100 and you get 60%. We calculate the probability for each coefficient on possible outcomes. Then we sum up the probabilities and multiply by 100. We get the percentage of the market.
Are bets on minor tournaments generally in demand among Russian players? Alexander Egorov, Deputy General Director of Liga Stavok: "The share of bets on such events compared to top matches is, of course, insignificant. Speaking in terms of numbers, less than 20% of the turnover falls on bets on such tournaments, with the absolute quantitative superiority of such events. In days when the calendar of top events is empty, interest in secondary tournaments rises sharply.At the same time, the betting line for the event plays an important role in popularizing this or that tournament. We are constantly monitoring these events.
Looking for markets with the lowest margins
Many novice bettors in bookmakers do not attach importance to such a concept as margin. Their argument: anyway, the margin is not visible, and we bet on odds that show the amount of return in case of winning the bet. Why do we need to count "foreign" (bookmaker's) money? All right, but not really. Professional players look for value wherever it is. Looking for the lowest margin per event among bookmakers, they count their money. In addition, the so-called arbers, people who play on the difference in odds and betting commissions, make good money in the long run precisely because they know how to look for events with the smallest margin.
It only seems that there is no difference between the coefficients of 1.9 and 1.95 - just think, five cents. If you're not five minutes into sports betting, trust me, a well-planned budget and bankroll control make all the difference. We’ll talk more about the betting budget and how to manage it properly below.
What are forks?
Egor Mitrushkin, Chief Analyst of Liga Stavok: "This is, in fact, a game with a positive mathematical expectation for players. Arborists seek to earn money not with the help of knowledge in the field of sports, analysis and intuition, which is the essence of the betting process, but on flow with the help of automatic scanners and mathematical calculations. This is not a game by the rules. "
Sports betting without bookmakers
If you want to know more or less the real price of a bet, pay attention to the Betfair trading platform, where odds are sold and bought. On betting exchanges such as Betfair, players bet against each other, negotiating odds that can actually be an order of magnitude more profitable than any conventional bookmaker. But when calculating the benefits of an upcoming trade, it is always important to remember the commissions that betting exchanges impose on winning bets.
A betting exchange is a platform where players make bets with each other, buy and sell their own odds. Unlike bookmakers, betting exchanges do not profit from setting odds. Instead, they take a commission on winning bets ranging from 2% to 5%.
For the first time in the world, the largest betting exchange, Betfair, allowed players to set their own odds, trade them, buy others, bet with other players from different countries and place bets “for” or “against” the outcome of a sporting event. Today, Betfair has over 4 million registered users and over 7 million transactions per day. The Betfair website, which also works in Russian, presents a wide range of sporting events: football, tennis, hockey, basketball, horse racing, etc. There are also online broadcasts of events. For beginners, a convenient guide has been created that tells in video format, including in Russian, about the principles of the Betfair betting exchange, how to place a bet, set a coefficient, etc. To replenish an account, you can use both bank cards, electronic wallets. The minimum deposit is $10.
The biggest deal between players in the history of Betfair - £60 million - took place in September 2012, when Andy Murray won the US Open by defeating Novak Djokovic. It must be said that betting exchanges, in particular Betfair, have radically transformed the sports betting market. The low-margin product has become a benchmark for many bookmakers who are trying to compete with betting exchanges by lowering their own commission per line. In addition, betting exchanges have nurtured a new generation of professional bettors who have learned to act as bookmakers. However, it is unlikely that a newcomer will build a profitable nest here. Betting exchanges are quite brutal in relation to novice bettors, especially if they bet on dog racing or horse racing - markets where real gurus have been sitting for a long time.
