Tag Archives: bookmaker
With Bookmaking Software the Online Bookmaking Is The Way Of The Future
Bookmaking software has advanced to the point where anyone who wants to run a local sports wagering operation can do so with the same professional grade wagering platform used in major sportsbooks. Pay per head companies, located offshore in countries like Costa Rica where online wagering is legal, have opened the flood gates to advanced outsourced wagering services for local bookies.
The traditional bookmaker sportsbook operation consisted of a phone room staffed with trustworthy clerks and set up in a clandestine location. Players were only able to place their wagers at certain times or on certain days. Not only did this limit the amount of wagers a player could make each week but the operation could be shut down at any time if discovered by the authorities. Online bookmaking with a pay per head service now allows bookies to outsource this vital part of the operation to a legal jurisdiction and simply focus on collections and payments.
The best pay per head services provide bookmaker luck entertainment center games which can greatly increase the overall bookmaker hold percentage. Players will not only gamble more money but will also remain more active throughout the year. The bookmaking software will further improve on the hold percentage by dramatically increasing the variety of sports bets a player is able to make. Bookies can now offer parlays, teasers, round robins, if wins and futures bets and horse racing which they may have had to pass on before.
Mobile bookmaking is another technological wonder that bookies will enjoy. Quite simply it allows them to access all of their reports on player activities in real-time from any mobile internet device. Gone are the days where the bookie was chained to a desk in an office somewhere monitoring his player action. Mobile access gives you the freedom to conduct business on the move without missing a beat.
All of this can lead the modern day bookie to only one conclusion, signing up with a pay per head service is the best way to continue making money from local gamblers. With all the tools that online bookmaking provides, especially the mobile bookmaking applications that will keep you connected at all times, youll soon be making more money than ever.
The calculus behind the bookmakers' odds
For those that regularly place sports bets have come to consider the odds the most important thing. But how many of you have actually wondered who exactly makes these odds? You just go to the bookmaker and see a value offered for a team and take it as such? How is it possible to establish whether a team is more likely to win or lose? My article will contain the basic ideas of betting odds and how are they offered.
I am positively sure that you know what odds represent in general, if the odds are low then it mean that the team with that certain value has high chances of winning while a team with high odd are the underdogs, being clear to everyone that they don’t stand a chance. The basic idea is that a bookmaker makes this odds regarding the bets people place and let me give you an example. In a match between two strong team that are likely to win, they both receive the odds of 2.00. As people bet the odds chance, if most people bet on one team as the favorite to win, the odds for that particular team will drop and the odds for the underdog will rise, thus ensuring the bookmaker a sort of balance, meaning that regardless the result, the “house” won’t be losing any money.
The above example, how can a bookmaker know what odds to offer. Behind each bookmaker there are people that analyze matches looking for past results, absentee players and interest. To be honest, in most cases it is not that hard to predict it, if a team is more motivated to win, the lower the starting odds become. This thing is purely as a suggestion, the bookmaker changing the odds, as I have said above so to ensure a constant win of the “house”.
Of course, behind the odds calculus can also be a machine, a program designed specifically to calculate the odds based on the data introduced. But this does not mean that they are right. There were cases in which people saw something that the bookmaker didn’t and thus the value bet appeared. You have to understand that the purpose of the bookmaker is not to lose money, so regardless you win, rest assured that more people have lost because they have trusted the odds published by the bookmaker.
It is recommended before placing any bet to make an own match analysis for which you can later choose the best tip. There are numerous website over the internet with match analysis, such as mybetinfo.com where you can get all the info you need. The bookmaker perceives a fee from your bet, but as long as you have made a thorough analysis, you can be sure to win, as long as you win money, the sum won by the bookmaker based on your tips is irrelevant. Another important piece of information that comes in handy is to check several bookmakers for the odds offered, thus ensuring you win more money.