In Football Betting – Are the Punters Betting Against the Bookmakers?

Most punters believe they are betting against the bookmakers. In fact, they are betting against their fellow bettors. This is represented by the fluctuations of the odds.

Why do odds change? Odds constantly change on an outcome in a particular game in response to:

* number of bets and

* amount of money staked

This is why you can see odds around 2.10 in the morning and get only 1.90 later in the day. For example, if $1000 is staked on Home win, the price for Away win will then go up to make the Away team more attractive for the punters to bet. Through the adjustment of the odds according to the market conditions, the bookmakers’ objective is to balance their books for that event.

Bookmakers do not gamble. They charge a certain percentage of margin for each bet and as long as their books are balanced, they win irrespective of the match outcome. The bookmakers set the odds according to demand and supply to balance the action from all sides and because of the margin, they always win.

In the event a bookmaker could not balance his books through odds fluctuations, he will then reduce his risk by transferring some amount of the bets wagered to other bookmakers that have odds better than his own. This is known in the industry as ‘farming out’. Thus, besides the punters, sometimes the bookmakers also trade on the betting exchanges to balance their books.

If the imbalance of money staked in an event is too great, for example, due to rumor of fixed matches, etc, the bookmakers may remove the event altogether.

So the punters are betting against each other. This means when punter Mr A wins in an event, his win is actually paid for by losing punter Mr B.

This cast the bookmaker in the role of a broker who takes commission on the market and funds the winners from the losing bets.

Football Bet Sports 101 – Where to Place a Good Bet

Football fans believe that betting on spreads gives you a million fortunes on bet sports. It is not that simple. Winning a series of bets is kind of difficult. Experts say starting on spreads is a good turn but it does not work that way. Here are the things that you need to know before placing your bet.

o Sports bookmakers’ advice gamblers to place a $100 bet as a start. Although this seems like the best way to start, you can collect your own sum of bet. Usually, professionals place as much as $20,000 per game while online sports bettors place as low as $1. It is really up to you with the amount you want to place.

o Locate the best bet outlet. If you are near the gambling capital like Las Vegas, you do not need to go far. If you live far from gambling cities, you may need to search for a bookie, which is a person who arranges wagers. If you are really that busy or far from the gambling locations, well, you might want to try betting online. Whatever the most convenient outlet may be for you, take it. As long as you can manage the outlet you have chosen, you’ll stand a good chance with your bet.

o After selecting the location, the next step is to find the best wager. The most common football wager is the point spread. Here, people favor the strong team over the weak team. They will study the team who seems to outweigh the other team and carefully predict the triumph of their bet for that team. This is the easy wager. Some wagers are composed of seasons or leagues. The wagers depend on your patience of studying the best team playing.

o Now that you know the wager you want, the following step should be to fall in line and call for your bet. Of course, you will choose to bet over the winning team. Choosing seems like the easy part when it comes predicting who will win. Actually, this is not true. You need to carefully focus on the team’s ranks, picks, and the team player scores. Here you will know who the best player is and whether or not your team is really the best. When you’re predicting the best team, you need proofs so you’re really sure about placing that bet. While football bet sports is on the rise, you should still be careful about placing bets.

o Starting with a wager still costs you more than a penny. For instance, if you place a bet of $10, it is likely that you will arrive with a $9.10 payoff. Hence, if you want $10 in your pocket, place a bet of $11. Sport bookmakers usually get their commission with your bets because this is their way of making profit. So, do not get surprised. As I have said earlier, making bets with the winning team is expected. This is referred to as the “house advantage.” It is one of the oldest ways to bet but it still works.

Always remember that placing your bet sports do not only mean looking at ranks, picks, types of wagers, and starting bet. In the end, it’s about how well you manipulate all of these factors that matters. Football game is one hard bet. It does not only take your capital away from you. It also plays with your emotions, so, take a hold of it.