Do We Really Play Against the Bookmaker?

Many even experienced players believe that they play against the bookmaker and take money from him. To some extent this is the case, but in fact, much more often you are simply one of the three sides of the bet.

In our time, the bookmaker business is one of the most profitable in the world. Many major bookmakers are sponsors of not only individual teams, but also entire leagues and championships in different sports. Everything is done for the sake of profit, because the vast majority of players can’t win at a distance. Why is this happening?

To begin with, one simple but very important thing needs to be understood.

The fact that 98% of all players never get richer when playing betting should not scare you.

Such indicators are valid for any business. The more you learn and work harder, the more successful you will become. 98 people out of 100 do not reach the top in any profession. This is also true for our craft – professional players.

If you are a beginner or have a little game experience, then, first of all, you need to understand for yourself a few key points.

First it is necessary to determine for yourself what are sports bets for you?

• Entertainment, with which you can with great interest to spend time in the stadium or near the TV while watching the game of your favorite team. Those. you will perceive a loss as a payment for pleasure. A person who makes bets, approaching this process from this side, does not take much risk, does not play every day, and most importantly – enjoys it, regardless of whether he lost or won.
  or
• Investments with high risk. After all, the higher the possible profit of an investment project, the greater the risk it brings. People put their money in the bank at 5-7% per year, and very many players plan to win a day 2-3 times more. If there is a desire to invest money in betting, then there must be a clear realization that the risk of losing is statistically higher than the possibility of winning.

If you still relate yourself to the first group, then you can’t read further. If you are considering the possibility of investing and real earnings, then it’s time to talk about the main thing and dispel a couple of myths.

What is the bookmaker line?

Even experienced players do not understand what a bookmaker line is. What is its function? How and for what it is created? What tasks does it perform?

One of the main mistakes (and not only for novice players) is the belief that the line of the office is a kind of forecast for the outcome of the match.

In fact, the task that the office sets itself, creating a line for this or that event, is the division of public opinion of the players with respect to the outcome of the game. This very important definition is important not only for players. This is the key factor that a player must understand before hoping for success.

If the public opinion of the game public is not divided in a normal proportion, then a disproportionate amount of money will be delivered to one or the other team. This circumstance will force the bookmaker to “get” an imbalance on one of the sides in the line (he is also a “transhipment”) and will put the office in a situation where there is a risk of remaining without profit after the end of the match. Strategically, this is not correct, because this is a gamble, and for any business it’s bad and does not lead to anything good.

Bookmaking is first and foremost business, moreover it is a business in the field of services, and as in any other kind of service the bookmaker’s profit should go from the commission for services. And the commission (margin, vig or vigorish) comes precisely from the competent construction of the line.

A misunderstanding of the function of the line also leads to another very common mistake. Many (even experienced players) believe in the fact that they play with the office.

But this is not so. In reality, the player making a bet, expresses his opinion against other customers who bet on another outcome in this match.

In an ideal scenario, the bookmaker should be absolutely no matter how much he has won and how much he lost. As long as the bookmaker keeps its line of events balanced, it does not have any financial interest, except for getting its interest (margin).

In most cases, the bookmaker only acts as an intermediary between you and the money of his other clients. Awareness of this fact, oddly enough, is very difficult to understand and it is the attempt to “beat the office” that often leads to playing gambling banks.

Why, in this case, bookmakers cut maximums to successful players, if they do not care about the result? In fact, it depends on the greed of the owners and the business model. There are companies that do not want to work with professionals who substantially eat up their potential income. And there are bookmakers who live with turnover and maxima do not cut.

Conclusion

The correct perception of the bookmaker’s office and its line is the foundation of the fundamentals, without which it is impossible to profit from the game in the bookmaker’s office. In the next article, we’ll talk about how to avoid mistakes when choosing a bookmaker for a long-term game.