Proper betting on sports involves a thorough analysis of the situation on the sports and betting market. It is necessary to know who to bet on, how and when to bet, to have an idea about the existing strategies and bookmakers.
For example, almost everyone has a favorite sport. People watch competitions, cheer for their favorite teams, and scroll through the possible outcomes of duels. If you regularly watch TV broadcasts, analyze what is happening on the sports field and make conclusions, you can make good money on bets.
In many matches and competitions the outsider and the favorite are known in advance. One team has a better chance of winning than the other. Less often there are situations when the odds of teams are equal. The bookmaker’s calculations can serve as a guide: the team with the lowest odds has the best chance of winning.
What is sports betting
Long before the emergence of bookmakers, people made bets. In ancient Greece there were the Olympic Games, restored at the end of the 19th century. In ancient Rome – gladiatorial fights and other similar competitions. Even in those days there were some prototypes of modern bookmakers. There were no odds and detailed listings, but people were actively placing bets, and sometimes became rich.
The modern form of bookmaking originated in the 20th century in Great Britain. At the moment, the game of betting can be compared to conventional investing in the stock market. In both cases, it requires a careful analysis of the situation, the bank that can be put down. There is also a certain probability of failure – players on the stock market and sports betting have roughly equal chances of winning and losing.
To start betting online, you need to register with one of the online bookmakers. You can choose a suitable firm from our top 10 ranking. What to pay attention to when choosing an office, we will tell you a little later.
Just don’t rush to register immediately on the bookmaker’s site and bet on all kinds of sports outcomes. To become a professional betting player – handicapper, it is necessary not only to understand the chosen sports discipline and many nuances of the world of betting, but also a good knowledge of mathematics, including probability theory and mathematical statistics, to study the features of the betting shops, learn how the odds are formed and the profit is calculated.
Bookmakers and totalizators: definition, working principles, similarities and differences
For several millennia, people have been attracted by excitement, danger, betting. The prototypes of modern totalizators existed already in antiquity when people were betting on the result of a gladiatorial battle. People were willing to bet on the victory of a chosen athlete, and they needed someone to collect the money and distribute it among the winners. This is how the first sweepstakes and BKs came about.
Today, the popularity of bookmakers is at its peak. The development of Internet technology has attracted millions of new customers who can bet from the comfort of their desks, while watching the state of affairs in the sports arena and choosing the best offers from the largest BKs.
What is a bookmaker
A bookmaker is a company that makes bets with customers on various events. In theory, it is possible to bet on anything – the presidential election, Brexit, cultural and art events. However, in most cases, users bet on various sporting events – soccer and hockey matches, boxing matches, horse races, etc.
The principle of operation of bookmaker offices is very simple: a person applies to the company with the aim to put a certain amount of money on a certain outcome of a sporting event. The bookmaker gives him such an opportunity. If the client guesses the correct outcome of the event, he is paid the bet amount and some profit, in accordance with the selected odds. If the outcome is not determined correctly, the money is not returned to the client.
The founder of the modern bookmaker is considered to be a French entrepreneur Pierre Oehler. In the 19th century, he rented a small room at a hippodrome and made advertisements to attract people wishing to make a bet. A few years later, similar offices appeared in England – and to this day English bookmakers are considered the most reliable.