Reader Comments

Football Betting Options

by Marissa Earsman (2019-11-24)


Lots of individuals online sports betting through bookmakers believe that they are playing against the bookmaker and that therefore the bookmaker will be the enemy. In that the bookmaker is the one that takes the bets, sets the odds, and takes the money from losing bets; the notion of the bookmaker being the enemy is clear to understand. This is why many individuals addressing bookmakers adopt an adversarial perspective, "beating the bookmaker" and so on. Conversely, this is a totally mistaken impression based upon a misunderstanding of how bookmakers work and what their goals are.

1de9c5faec242d6eb6efbedb1e8d50e4--the-viWhen an individual makes a bet with a bookmaker, the goal is to win the bet and make some cash. However, the goal of the bookmaker is not to win any particular bet, but to keep his books balanced ensuring that every bet is offset having an opposing bet of equal value. The bookmaker makes his money through fees and commissions, not through winning or losing bets, therefore the bookmaker's goal is altogether different than that of the person bettor.

A "perfect win" for a bookmaker is a situation by which every bet made is offset by a bet of equal value going the additional way. So ideally, for every bet the bookmaker wins, he also wants to lose another bet of the exact same value. Since the bookmaker charges fees and commissions, as long as the books are balanced the bookmaker is assured of a small profit on every bet made. Therefore the bookmakers have no vested interest in seeing any person win or lose a particular bet; their interest is in making certain that all money paid out is evenly offset.

In order to accomplish this, the bookmaker has to take a whole series of rather complex factors into mind. His odds and point spreads have to be designed in such a manner that he will attract bets both ways, he must make sure that his odds are reasonable sufficient to attract business, and he must make certain that he can cover all of the bets taken. A bookmaker that adopted a confrontational attitude toward his customers would quickly go out of business because no bettor in their right mind would do business with him.

Regardless of the idea that the bookies take the bets, set the terms, and will collect the cash from losing bets; they can be not the enemy. They can be playing a completely different game than the individual bettor is with totally different aims and definitions of success. How well a person bettor does is based upon his skill and knowledge, not on the bookmaker's efforts to take his money. A legitimate bookmaker is just as pleased to pay out fairly won winnings as he is to take the money from fairly lost bets. Within his ideal scenario every bet won can also be lost, so he has no prejudice regarding individual wins or losses. Viewing the bookmaker as an enemy is silly and shows a lack of understanding about how the system works.



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