How Sports Betting Works?

50 How SPORTS BETTING WORKS? Sports betting is a popular past-time & is deeply rooted in the culture of almost all civilizations. Bookmakers are those who Sports betting is defined as gambling on the occurrence of following odds. Odds can be considered as a mathematical probability of a win, defeat or a draw. offer odds, accept bets and handle payouts for sports investors. The average punter has to be capable of reading the odds to place a bet. While reading the odds, the punter has to evaluate the probability of a given outcome and bet accordingly. A punter can bet on anything from goals scored to individual player statistics. The bottom-line of sports betting . is same as any other kind of betting i.e. the house should not lose money. The Bettors go bookmakers through the odds and bet publish odds for sporting events depending upon their understanding of the probability of that event accordingly after the odds are published. If the bettors win, they take home the principal amount they bet as well as the win money. occurring. The odds are dynamic and can change with the betting trend and time left for the game to take place. While gambling online, bettors are required to own an account with online sports company & pay online. Sports betting now is also available online and has a huge fan-base. COMMON TERMS OF USAGE Sports book Action Handicap Handle Juice It is a point advantage given to a Action is The handle The It is where the betting termed for percentage of all bets is the total betting related amount of team in taken by the bookie as money occurs. order to level activity. wagered the betting field. on bets. profit. SOURCES http://entertainment.howstuffworks.com/sports-betting.htm http://www.online-betting.me.uk/articles/how-does-sports-betting-work.html http://www.soccerwidow.com/betting-advice/bookmakers/how-do-bookmakers-tick/ http://www.explainbettingodds.com/ PRESENTED BY POWERED BY CASINOFLOOR. SOFTWARE SERVICES THE FLOOR IS YOURS