Sports betting – is an opportunity to bet on
money with a book-maker and receive a profit in case, if the prediction is
right or lose the money if the prediction is a wrong one.
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| Sports betting is an opportunity to bet on money with a book-maker and receive a profit |
Skilled player might think that it is a pretty
easy task to make a bet in different betting offices, since all a person should
do is to go to the booking office, ask a booking-clerk for a line*, choose a
bet he/she likes and then wait in anticipation to win something! It looks so
simple that even kids can understand that. Yet, the truth is that it is really
hard. Sports betting sphere requires a lot of learning and practical skills,
since it has dozens of nuances to know and understand.
Line – a list of events and their
outcome with a winning coefficient offered by a betting office. A bet – is the
money, which a player bets on a game and loses in case of a failure as well as
a total set of choices combined by a player, having bet a certain amount of
money on them;
Outcome – a result of a sport event that
was assigned with a winning coefficient by a betting office.
Types of bets
Single bet – a bet with only 1 outcome. For
example, you have made a $100 bet for a win of Manchester United. Winning
coefficient according to the bets is 2:0. The money received (if the prediction
comes true) makes 100x2=$200. Net gain is $200 (received money) - $100 (a bet)=
$100
Express – a bet for a few events. In order
to win, all predictions for events should come true. Even if only one event
loses, it leads to the loss of the whole bet.
System – a total of expresses, presenting a
full search of expresses of one size from a fixed/constant set of outcomes. The
sum of money for each bet is the same as well as a quantity of outcomes. A win
in line with the system equals a sum of win according to expresses included in
a system.
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