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Sports betting is so much more than a game of chance

Yes, sports betting is so much more than a game of chance. It works on the basis of probability and likelihoods — only with the chance to win money. Or lose it. As with any battle, there are two sides. Punters, who are looking to win money, and bookmakers, who want to take it. It is bookmakers who compile odds on any given event. It could be a horse race, a football match, a snooker tournament or even the outcome of a television talent show. And once they compile those odds, then gamblers can stake their money on who they think is the likely winner. This is where it gets interesting. For example, if a bookmaker is pricing up a football match, Manchester United could…

Betting Odds Explained

In the battle between bookies and punters, odds are the crucial factor. Back a long-odds winner and it’s drinks all round. Back a succession of losing short-priced favourites and it’s time to seek solace in the poor house. In short, odds are possibly the most important component in sports betting. And once you get a firm grasp as to how they work, it can help tip the battle in your favour. Yes, it can seem confusing at first. Odds of 17-2, 100-30 and 85-40 can make it baffling. But it really isn’t. Honestly. There are two ways of displaying odds — fractional or decimal. We’ll come to decimal later. In the United Kingdom, fractional odds are prevalent. And all a punter has to do is…

Sports Betting: From Complexity to Simplicity

For someone new to betting, the processes and structures involved can initially appear to be very complex. There is much to consider when placing a bet: odds, bet type, and increasingly wider variety of market to choose from. Even when placing a straightforward single bet, the bettor is encouraged to weigh form and odds on offer in order to make a more informed choice. And the uncertainty of outcomes make it even more complex.   Overall, betting can be complicated, but its intricacies present itself as greater challenge for bettors to win this game of chance. More informed bettors strike a balance between leisure and investment, as they learn to value their funds to keep pace with today’s ever changing sports betting landscape. Pros and…

IBCBET vs SBOBET: Exclusivity and Accessibility

The online gambling market is extremely competitive as bookmakers jostle for position in their attempts to become the leader in the industry. Some bookmakers provide attractive offers, while others place an onus on casino games to sway customers’ decision when choosing where to place their bet.   IBCBET and SBOBET are two of the most prominent Asian bookmakers, but there are significant differences between these rivals. SBOBET presents accessible membership for customers residing in allowed countries or territories who wish to sign up and use its services. This bookie allows members to access the wide array of markets, while its attractive odds and high limits are very appealing option for bettors worldwide.   Conversely, membership with IBCBET requires an invitation, which makes it an exclusive…

Pinnacle Sports vs SBOBET

SBOBET and Pinnacle Sports are both successful online bookmakers, but there are some significant differences between the two—particularly on how they trade.   Pinnacle Sports’s Unique Pricing Model Pinnacle Sports trades with a reduced margin pricing model which is far lower than the odds offered by SBOBET. As a result, Pinnacle Sports allows much higher betting limits for its customers due to the lower margins offered. A further consequence, however, of the Pinnacle Sports’ pricing model is the allowance of arbitrage players as the model requires a higher volume of bets and a disregard for the motivation of the bet. This is deemed as somewhat controversial as arbitrage players are deemed to have an advantage and most bookmakers do not welcome their trade. The higher…

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