Sports betting is a way for sports fans to combine their knowledge of the game and their gambling skills to make money from the outcome of the sporting events. In general, excluding betting exchanges, bookmakers offer odds that bettors put their bets on.
Bookmakers usually provide enough bets for all the possible outcome of the match. They do this not only for the convenience of their clients but also for their own interest - to catch up with the risk they are taking. Bookmakers make their winnings by collecting a percentage of the bets, ie if you bet the same amount on the two possible outcomes of a basketball game with equal chances of winning - a win for the host and a win for the host - which one of them will come out, in any case you will win - less than the total amount of bets. There are different ways to express the odds. The most common are the country odds, decimal odds and fractional odds, with most bookmakers offering you the option to choose in which format the odds are to be displayed.
This system is preferred by bookmakers in among country bettors. In this system, the odds are represented as a number, which is the number by which the amount pledged will be multiplied.This is probably the most simple to use system. If you bet at a odds of 2.50 a team will win and your bet is $ 100, you will receive 2.5 times 100 lv or 250 lv in this case. Of course, since the bettor always has to get more than he bet, the odds on that system are always higher than 1. Otherwise the bettor would have less money left than the bettor.
Bookmakers in country adhere to the representation of the coefficients as fractional numbers. They are written as 6/5 or six-fifths and so on. With this kind of odds, the first number is the amount that can be won if the stake is equal to the second number. For example, when the odds offered are 9/4, the bettor must place a bet of $ 4 to get $ 9 if his bet is out. These 9 leva represent the net profit. The bookmaker has to pay 9 leva plus 4 leva, which makes 13 leva. This is because the bookmaker has to return the pledged amount together with the winning, shown in the odds.
Sports betting can take place on different types of games. When the game includes a result, the player can bet not only who will win, but also how much he will win. These bets are called bets with a handicap. Bookmakers declare the handicap as a plus or minus number. For example, when a single basketball match is -9, it means that in order to win the bet, your team must beat 10 or more points in order to make money. If your team wins 5 points, your bet is unsuccessful.Conversely, if you bet on a team with a +9 handicap, your bet will be successful as long as your team does not lose 9 or more points.
Under / Over Bets
Another basic option for sports betting is betting called the Under / Over. Again, this type of bets can only be applied when a result is involved in the game. In such cases, the bettor can bet on the total number of points / goals, regardless of which of the two teams he scores. For example, if you bet more than 150 points in a basketball game, your bet will go out if both teams collectively score over 150 points. Similarly, a bet for less than 2.5 goals in a soccer match goes out when a zero, one or two goals are scored in the match.Apart from these basic odds, bettors can also bet on the individual phases of the game, such as which player will score points in any phase of the game, the total number of cards in a soccer match, the total number of goals scored by only one team etc. The list is practically endless.