Where does the Bookmaker Take the Money and How to Earn it?

Whether it’s a beginner bettor or a player who has already seen a lot, both one and the other are wondering how to make money on bookmakers.  An important stage in understanding the essence of earnings at the bets is the realization that this is also a job.  And while this is not understood, it will be impossible to make money.  If you think that you will bet in pleasure, you are lucky and you will make a fortune, it is unlikely.  Of course, this is possible, but unlikely.

Earnings on bookmakers are a whole science, which, like others, requires special attention.  In general, if you seriously decide to take up this matter, then you have to sweat a little.

When bookmaker earn money?

There is a common opinion that the bookmaker earns on lost bets. However, this is not quite true. The fact is that along with those who lose, there are those who win. Therefore, the bookmaker can’t take money to himself, which, for example, you lost, because he has nothing to pay the winnings. All because of the initially wrong opinion. It will be true that the offices earn not only on the lost bets, but also on the correctly displayed coefficients. You can afford to bet for fun.  For a bookmaker, this is work. Consequently, the staff is also selected qualified so as not to work in a burnout.  The specialists of the office set the coefficients so that the bookmaker, if possible, always remained in the black.  Above this sprinkles the entire analytical department.

For example, let’s take the last match of the ¼ finals of the Europa League 2015.  Wolfsburg met Napoli in his field.  “Wolves” this season are simply virtuosic.  Twenty-one games won 21 victories. Virtually did not lose, and in each meeting showed an excellent game.  The coefficient for winning the German team in bookmakers was about 1. 7.  As for Napoli, they played the last part of the season, frankly, lousy.  No one expected a good game from them.  The coefficient for their victory was around 4.  What do you think? Napoli 4: 1 on a strange field rastrepali “wolves.”

So, it is unlikely that the analytical departments of bookmaker offices did not predict such an option of events.  Setting low odds on Wolfsburg, they provoked a huge number of people to bet on winning this team.  And what in fact? “Wolves” before the victory, like crayfish before the moon.

Each bettor must understand for himself that to make money in this business, he can only understand how bookmakers work.

How does the bookmaker work?

Everyone is interested in how the bookmaker works, and they do it right.  After all, it is necessary to begin with this, if you, of course, are interested in victories, not in defeats.

So, let’s try to consider the work of the bookmaker office on the example of a team sports game, such as football.

Two teams take part in the game.  The match can end with three different outcomes: the victory of the team number 1, the victory of the team number 2 and a draw.  On the favorite of the meeting bookmaker will put a smaller factor, and on the outsider – more.  But it starts with another – with probability percent distribution.  There is only 100%.  They need to be divided into three possible options. So, we will do this also. Suppose that the analytical department of the bookmaker office suggested that team # 1 would win with a probability of 50%, team # 2 – 40%, and that there would be a draw of only 10%.  We derive the coefficients:

• 1 / 0,5 = 2 – to win the team number 1 was the coefficient of 2
• 1 / 0,4 = 2,5 – to win the team number 2, the coefficient of 2. 5
• 1 / 0,1 = 10 – for a draw odds of 10

So the odds on the football event under consideration turned out. However, if the bookmaker expose them in a “pure” form, then his chance to earn will be a non-permanent substance.  That is why the coefficients are imposed bookmaker percentage or margin, which makes the earnings of the office constant regardless of the circumstances.  Thus, at the output we get the following coefficients:

• Winning team number 1 – 1. 8
• Winning team №2 – 2,3
• Draw – 9. 3

Bookmaker Profit

So, one of the questions that interests bettors, along with how to make money on bookmakers, is how much the bookmaker himself earns.  That is, everyone is interested in the profit of the office.  Let’s try to find out.

So, translate everything that we got in the previous section back to the percentages:

The team number 1 (1 / 1. 8) – 55%

Team number 2 (1 / 2. 3) – 43%

Draw – 11%

What’s the result? 55% + 43% + 11% = 109%.  That is, 9% betted the sportsbook.  Hence, they will receive them in any case, regardless of what the outcome will be.

And let’s, purely theoretically, assume that this event was bet on a total of $ 100,000.  Consequently, the money was distributed as follows:

Team # 1 received $ 50,000

On the team number 2 – $ 40 000

For a draw – $ 10,000

Please note that this is only if the analytical department of the bookmaker did not give in to the swing.

Let’s compare what we got in the case of each of the three possible outcomes:

If team # 1 wins, then the bookmaker will need to pay 50,000 * 1. 8 = $ 90,000.  That is, $ 10,000 will work, apart from those bets that were past this outcome.

If team # 2 wins, then the bookmaker will pay 40,000 * 2. 3 = $ 92,000.  Therefore, he will earn $ 8,000 + bets not for team # 2 victory.

If there is a draw, then the office will pay $ 93,000, and take the rest.

Now, you know how and how much the bookmaker earns.  But you are still interested in the question of how to make money on the totalisators ? Now we will look at this.

A small digression.  In this article, the word “tote” means simply making bets in a bookmaker’s office.  The fact is that if you understand the principle of the totalizator’s work, it will not be difficult, then it is impossible to answer the question – “how to make money on the totalisators “.  The tote is, as a rule, 15 seemingly random events.  However, this is not at all the case.  The events for the tote are selected carefully.  Bookmaker only need to find those matches, the outcome of which is known to God alone.  The probability of guessing such a large number of complex games is practically zero.  However, there are cases when people have won fortunes in totes.  But we are not interested in how to accidentally win.  We are interested in the question – “How to make money on bets”.  If how the tote works, it’s clear, then we’ll move on to the more interesting.

Ways to make money in bookmaker offices

There are many ways to earn good money in bookmakers.  The main thing is to understand for yourself initially the following things:

• You are at work, and not at the entertainment center;
• You can’t bet because you think so, but not a single argument does not indicate it.
• You can’t bet on your favorite team. A good bettor does not have favorite teams, he likes money.
• You can’t bet on the victory of the team number 1 just because there is less coefficient. It’s a bet on luck.
• Restraint, tolerance and benefactor. You can’t drain the entire bankroll. You can’t try to recoup.  If it does not, then it does not go.  Drop it and try again later.

And now, actually, the methods themselves.

Your forecast

If you are good at sports, you can independently make forecasts for the upcoming event.  For example, you adore football and know all the commands from the English Premier League.  Do not need to be sprayed onto other sports or tournaments.  Take the Premier League of England and make bets only there.  Why? After all, only in this way you will be able to make a really accurate forecast based on the following factors:

• The composition of the team in the upcoming match.
• Which players have cards.
• How important players are injured.
• Who is the transfer.
• Who is the coach and how is his progress.
• And so on.

If you correctly use all this knowledge, then you can increase your earnings in bookmakers at times.

What are the advantages of this method:

1. There are no attachments. The only thing you bet on is the amount of the bet and the results of your analytical thinking.
2. Perhaps, this is one of the most reliable and reliable earnings on the bets.

Purchase of forecasts or their borrowing

This way of earning is the same as the previous one, with one difference, you do not make forecasts yourself, but simply buy them.

On the Internet there are a lot of communities in which people communicate with each other, share their views and forecasts.  Here there are groups of people who, together trying to create the most accurate forecast for this or that event.

There are professionals and forecasters who for a certain amount will sell you quite a forecast.  Its accuracy depends on the reliability of the source of its production.

Also, there are pseudo professionals who propose to buy allegedly working forecasts, but in fact it turns out that all this is a total crap.

This way of earning has drawbacks:

1. You spend money on the forecast, which will still need to be repelled by a bet.
2. No one can guarantee the accuracy of the forecast. And those who guarantee, you are deceived.
3. Unreliability.

Strategy game

Applying in the game on the bets of the strategy you can get a very good and stable earnings on the totalisators.  It is important to choose a working strategy and play on its terms, without stepping aside.  Working strategies are actually a lot and with their help you can really make good money, however, there is one problem.  It, in fact, is a minus of this way of earning.  The fact is that if the bookmaker finds out that you are acting on a strategy, your account can be blocked.  And in connection with the fact that in the rules of any office there are roughly such words – “the bookmaker reserves the right to close the client’s account without explaining the reason”, it is unlikely that something will come out.  In addition, the bookmaker will have a reason for closing your account, which, perhaps, he will even voice – “participation in banned fraudulent schemes. ” Try it, prove it is not so.

Bookmakers arbs

It is believed that the bookmakers are the most stable and reliable earnings for the bettor.  The fact is that this is indeed so. Bookmakers allow you to win money with 100% probability.  But here the difficulty is quite different:

1. Search bookmakers.
2. Hard work.
3. Small earnings.

Also, there are services that sell bookmakers.  It is also not worth dumping them.

Now, you have an idea of ​​how to make money in a sportsbook at sports betting.  It remains to choose a good bookmaker, register and make your first and probably a happy bet.