Apparently, we are happy to make our money for anything: from oxen to bullfight. Recently, the consulting firm H2 Gambling Capital has published statistics that show that an average adult in the UK or the adult US will lose about $ 400 each year. But they are nowhere near to the Australians (the most prolific players) who will lose more than $ 1,400 for each adult this year. Before placing bets on a sports match, you first need to look at the stakes. That’s where you need to develop skills in finding the best odds. What for? Well, just because you can lose more money than you. There are more sports betting than a simple dollar ration, so finding the best odds is extremely necessary before deciding which sports match to bet on.
All these losses are added to popular sports betting markets, such as English Premier League football, NFL football, NBA basketball, NHL hockey and MLB baseball make billions of dollars a year. And, like in other billions of industries, competition for your custom is tough. Online bookmaking operations today are smooth, sophisticated and commit murder. They use experts to establish appropriate starting prices and use complex statistical models to manage their risk in real time.
However, all these efforts from bookmakers are no different from the time spent by the players themselves. Think about the time you spend on making a bet in your mind before you place it, and then multiply by the number of bets placed every day. Hundreds of thousands of person-hours are spent, trying to predict the result of sporting events every day.
But could these efforts be better used?
There are only two things that determine the expected payment of a bet. The first is the probability of the forecasted result, and the second is the odds taken for this result. An improvement in one of these factors improves the expected rate of return. However, since all the effort spent trying to predict the right result, it seems that proportionally minimal effort is spent to ensure the best possible odds.
This is hardly logical. It is impossible to foresee the outcome of a sporting event with any significant confidence and even to guess the likelihood that a particular result is tough. At least some time spent predicting the outcome of a sporting event would be better spent comparing the chances of different bookmakers and choosing a bookmaker that offers the best return on that particular bet. Quickly and easily go shopping around many online bookmakers, compare odds and find the best offer. There’s even a lot of services that will do this for you for free.
Professional players often have accounts with several bookmakers, pay close attention to the odds offered by everyone, and find the best odds before they bet. But the average player tends to mindlessly accept the odds offered by his usual bookie. This is a big oversight and a costly missed opportunity.
Bookmakers often publish significantly different chances for the same event, and usually, find discrepancies of up to 10% from one bookmaker to another. This percentage is for taking, and it puzzles me that more people do not go shopping around to improve chances. Our Tip! Betfred. Find here a Betfred review.