How does the betting system work?

A lot of people worldwide make bets on events, thus experience failures or wins. To win more, it is advised to know how the betting system works.

Every betting office has a particular aim - to get  income

Every betting office has a particular aim – to get income. A profit of a betting office depends not on how many bets are placed, but how the coefficients are set.

The process

First of all, analysts calculate rivals’ chances. For this, they have multiple methods that are divided into analytical and heuristic knowledge. Analytical are based mainly on math and statistics, whereas heuristic is based on experts’ opinions. Combining the received results in a special way, they get a possibility of an outcome. In simple words, the main goal of each and every betting office is to accurately set a line, meaning exact and precise calculation of this or that event. Any use for this way is appropriate if the betting office benefits after the outcome of an event. Book-makers have the following rule: the amount of money has to be proportional to coefficients. But how do they do it?

1. Change coefficients, encouraging players to make profitable for them bets;
2. Sets limits for bets, i.e. a ban to bet large sums of money on a certain outcome of an event, not to be in the red. Meaning that the more popular an event is, the fewer limits there are.

According to the statistics, only 3% of players benefit from betting for a long period of time. So, how can one become such a lucky person and get in these 3 per cent?

1. Don’t bet for the same event more than 7% of you budget, thus following money-management;

2. Bet only on considerable, popular, and regular events having predictions in mind that are based on a technical analysis;

3. Compare coefficients of several betting offices;

4. Make only single bets and forget about expresses and insurances, since these are just additional book-makers’ tricks.

Conclusion

To sum all the information up, one clearly understands how betting system works as well as its tricks used by book-makers to benefit all the time. Nevertheless, there are also tips on how to bet in the right way, thus having more wins compared to losses that are unavoidable anyway.