Tag Archives: bookmakers
Football Betting Tips – How To Lay Bet And Win! (Page 1 of 2)
To make money from lay betting it is extremely important to fully understand the concept of how bookmakers make their money. Understanding this will enable you to become a football lay betting winner simply by following these profitable football betting tips and the necessary football betting advice.
By making full use of the online betting exchanges like Betfair, you now have the unique opportunity to play the role of bookmaker. With the help of this football betting guide and by following some simple football betting tips you will learn valuable lay betting information, about how the bookmakers make their vast yearly profits and at the same time discover how you can lay bets (take bets) in the same way as the bookmakers have always done.
Discovering how bookmakers think and operate will greatly assist you in your understanding of how they conduct their lay betting (taking bets) on a daily basis. Lay betting is the bookies core business and is responsible for making most of their millions of pounds profit yearly. This football betting guide will help you to understand this concept much better.
To become a football lay betting winner is not as difficult as you may think at first glance. You just need to view your betting activities from an entirely different angle. Hopefully, this football betting guide will help you to become a football lay betting winner by giving you a basic understanding of football lay betting and lay betting in general. Its not as difficult as you may think you just need to adapt your approach to make it more suitable for lay betting. This football betting tip is a very important one. Take the time to learn this one piece of football betting advice and your football betting profits will improve in the most explosive way.
Don’t let this lay betting opportunity pass you by! Grab this extremely valuable football betting advice with both hands and learn everything you can about football lay betting. Allow yourself the time to learn this one profitable football betting tip. It will be highly rewarding if you do, I promise you that.
Bookmakers lay bets (take bets) from individuals, this makes all bookmakers ‘layers’ by default. If the bet loses then the bookmaker will keep your stake money, if the bet wins then the bookmaker will pay out your winnings.
These football betting tips should be viewed as an uncompleted jigsaw. Before you can visualise football lay betting as a highly profitable betting opportunity, all the jigsaw pieces need to be fitted together. Use this football betting guide and the football betting tips to help you discover more about the fascinating world of lay betting. Although the jigsaw is uncompleted you already know what the expected outcome of the finished jigsaw should be but the information is irrelevant until the jigsaw is finished.
To be ultra successful at anything it is absolutely necessary to fully understand everything about the subject and football lay betting is no different. Use this football betting guide and take on board these football betting tips and learn everything that you possibly can about football lay betting and lay betting in general.
Bookmakers Soccer Predictions: 2008 vs 2009
Bookmakers use their own soccer prediction models. Their odds are usually calculated in a way that minimizes the payoffs for match favorites. The accuracy of these predictions can be analyzed by comparing between the betting odds and the real outcome of soccer matches.
This article compares between the accuracy of the soccer predictions made by bookmakers during 2008/09 and the first half of 2009/10. The comparison is based on the average betting odds from the top European soccer leagues.
DATA AND METHODSTo compare the accuracy of the bookmakers’ predictions, the authors of this article analyzed the match outcomes and average betting odds of the following 10 major European soccer leagues: Austrian Bundesliga, English Premier League, Dutch Eredivisie, French Ligue 1, German Bundesliga 1, Greek Ethniki, Italian Serie A, Scottish Premier League, Spanish Primera Division and Turkish Super Lig.
The outcome of a match was estimated on the basis of the average payoff offered by the bookmakers for that match. The possible profit of a bettor who bets on bookies’ favorites was calculated according to the average betting odds.
SUMMARYThe conclusion was that the bookmakers successfully predicted the outcome of more than 54% of matches during the seasons 2008/09 and 2009/10. Thus, the average accuracy of bookmakers& 8217; soccer predictions is relatively high in the case of major European leagues. Nonetheless, the low profits make these predictions highly unprofitable as betting tips.
1×2 betting: — Losses of -4% and -2% respectively were estimated for bettors, who used fixed odds as betting tips.
— The only profitable league during those two seasons was Austrian Bundesliga (+14% and +6% of profit) with more than 60% of correct match predictions.
— The most unprofitable leagues were Scottish Premier (-22% and -6%) and German Bundesliga (-11% and -6%).
— The most drastic improvement in 1×2 betting profits was observed for the Dutch Eredivisie league where the profit changed from -11% to +8%.
— The most drastic degradation in 1×2 betting profits was observed for the Turkish Super Lig league where the profit changed from +4% to -18%.
Total under/over bets are the most unprofitable: — Total under/over 2.5 losses were nearly the same during both seasons and equal to 10%.
The conclusion is that using bookmakers& 8217; soccer predictions as betting tips does not pay off in daily betting. Though the accuracy of their predictions is high, their odds do not result in betting profits.