Most novice bettors find betting at bookmakers a quick and relatively easy way to get rich. But after a series of unsuccessful bets, the enthusiasm disappears, and with it the entire deposit. If you do not want to repeat the mistakes of others, then be sure to read this material. Experienced experts will tell you how to play bets correctly and win: you will learn how to correctly analyze sports events, find profitable quotes and stay in the black at a distance.
There are many online bookmakers in the global betting market. It can be difficult to choose the best bookmaker: someone holds prize draws to attract an audience, and someone lures you with generous welcome bonuses. Here https://bookmaker-ratings.com/ you will find a list with all available bookmakers and reviews for each of them. This information definitely will help you to choose your bookmaker.
How to start making bets
Don’t rush to bet as soon as you create an account! First you need to understand the theory: understand the principle of the online bookmaker, learn the terminology of sports betting. The most stupid mistakes of novice bettors are connected precisely with an incorrect understanding of terms and notation. And the inability to read quotes in the event line is another shortcut to losing. We will tell you how to bet on sports in such a way that your bankroll does not melt after a few unsuccessful bets.
What a beginner needs to know: basic concepts in betting
Before you learn how and where it is better to bet on sports, you need to master the terminology. Let’s start with the basics – the definition of «Bookmaker». Once upon a time, this word was used to refer to people who accept bets from gamblers, arguing about the result of an event. Moreover, these disputes did not necessarily concern sports matches. Mostly bets were made on the results of horse racing and dog racing. Today, a bookmaker is most often called a specialized internet site that performs the same functions, namely, accepting money from gamblers who want to bet.
Formally, the bettor tries to beat the bookmaker, but in fact he makes a bet with other clients of the same company, who bet on the opposite outcome of the event. And the bookmaker is an intermediary in these disputes, which accepts money from both disputes, and then gives the winnings to the winner.
The bookmaker’s margin is exactly what the company earns on. For the bookmaker, it does not matter what the outcome of the match will be: after all, he will receive his «commission» from each player who has made a bet.
How the bookmaker works: low odds and margin
We talked about the fact that in a bookmaker a player makes a bet with another player – only on different outcomes of one event. What is the benefit of the intermediary functions of the bookmaker? Everything is very simple: the margin brings profit to the office. This is a conditional value, which is included in the coefficients of the outcomes of sporting events.
For example, in a match between two absolutely equal teams, the odds should theoretically look like 2.00 to 2.00. But in fact we will not see such numbers. Depending on the bookmaker’s policy, equivalent bets may look like 1.80/1.80 or 1.85/1.85. For the most generous bookmakers, such quotes look like 1.95 / 1.95. This difference is the margin (in other words, the bookmaker’s markup for his services).