Betting With Betfair | gambling soccer

Betfair is an innovative concept and a successful business model that has the potential to kill the traditional betting systems. The most crucial factor that makes Betfair a big success is the lack of bookmaker, the middleman. There is no bookmaker. Players on both sides of the bet are users of Betfair like you and me. The odds are not decided by any bookies or Betfair, but by the market forces created by bids and offers made by users. Lack of bookmakers leads to a total transparency in the system and creates a level playing field for all the parties involved. To be able to appreciate this advantage, let’s see how a bookmaker operates.In the traditional market, when you place your bet at a bookmaker’s office, you back a particular outcome. If the outcome is in your favour, you win money and the amount you make is decided by the odds set by the bookmaker. On the other hand, bookmaker takes the other side of the bet. So if the outcome is against you, he keeps the money that you bet. In betting parlance, we say that the bookmaker lays the bet for you. As the bookmaker goes on collecting bids from his clients, he sees to it that he has equally opposing odds so that if he loses to one client, he wins from some other client. The odds that he sells are such that the arbitrage position always wins more for him than it loses. Effectively, he always makes some money irrespective of the outcome of the event. This process of selling odds such that the bookmaker himself stays in a neutral position is called as making a book.

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Let’s take a simple example to see how a bookmaker makes money. Suppose a bookmaker is taking bets for a soccer match in which there are only two possible outcomes. Suppose he finds two gamblers willing to bet on the two opposite views. Both the teams are equally good and no one has any special advantage. The bookmaker would put the odds at 4-5 and 4-5 for both the possibilities. If both the gamblers bet $100 each, then the winner would get $180, he would make a profit of $80, the loser would lose $100 and the bookmaker would pocket a cool $20 without knowing anything about soccer. Same bet on Betfair would make it possible to create odds of 1-1 for both the contestants in the absence of a bookmaker. Moreover, the odds would be decided by the bids placed by the players themselves. The winner would make $100 on $100 (minus some minuscule fees) and not just $80. This is how absence of a bookmaker can reduce commissions drastically, especially the immeasurable hidden costs which cannot be known without actually seeing the entire book of the bookmaker.The greater the odds of the horse, the bigger the odds on betfair. A horse at 33/1 can be anything between 40/1 and 80/1. The favourites are normally .2 to .5 better and the discrepancies in the price get greater as the price gets bigger, giving fantastic value on backing horses.

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The next best thing is the ability to lay horses. This brings a multitude of opportunities into play ie arbitrage betting or trading. This takes away the gambling and it protects your bank.You can back a horse to win and then lay it to lose protecting your bank and either giving yourself a free bet or winning on any outcome. This is also available on in running betting where the odds on a horse can quite dramatically change. Just for example on Saturday night may 24th 2008 a horse called Harlov won, beating Take a stand in a photo. There was £16 placed on harlov to win at 999/1 yes that is right 999/1. Take a stand was backed for £16000 at 1.01 and lost. I will write more about this type of betting in another article.

Get Acquainted With the Soccer Betting System | gambling soccer

Gambling has globally transformed itself in to an industry where investors multiply or redouble their capital overnight or without waiting for long period of time. No doubt betting is a huge source of earning money and becoming a wealthy soul within a very short span of time nevertheless it requires an expertise which can be only achieved after a hard toil and then very timely making us of quick wit.Additionally, football/soccer has also become a great source of income for gambling. If you don’t know about betting then you must read this article, it will help you in knowing many important things about betting and also many useful tricks and tips.In order to get aware of betting in soccer and the soccer betting system, internet is the major source from where you can get a lot of knowledge about it and can stay connected any time you long for. From internet you can not only get information and tips about betting but will also be able to know the flaws of your team on which you are going to bet and can work on those weaknesses in order to succeed. You also get to know the plus points of your team and take them into consideration for better understanding.You will be able to know the injured players and their substitutions and work on them so that the other team wouldn’t be able to get any advantage of that upon yours. Another useful source is magazines because there are many articles about betting which are mostly from experienced and expert writers and that would help you even further in defeating your opponents.You need to get professional so that you are able to beat the other mates you are betting with exclusive of any problem or further difficulty. Teams also keep on changing their players therefore you will have to know every single thing about them, this will keep you up-to-date and increase your chances of winning. In newspapers there are many articles and they mostly include tips and tricks of betting from professional people and you can read them in order to become supreme in the system.A soccer betting system is not a difficult thing to learn or get professional on, you only need to gather as much information as you can from authenticated sources and the most important this for information is to be latest because it can be a problematic matter for you if the information you are carrying is old and the betting system is new which can prove to be unfortunate for you and your money. Also bookies and guides are available for the up-to-the-minute information you need to acquire.