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Betting online

Online Betting

The bookmaker is an intermediary between people making stakes. However he does not only take stakes, but also determine coefficients for sports events. Bookmaker’s profit depends on correctness of the coefficient. In totalizator games the bookmakers only collect players’ stakes and share the prize sum between the winners.

All the bookmakers pay the winners their stakes multiplied on the stake coefficient. Therefore the bookmaker tries to fix coefficients so that at any outcome of an event to get a profit and so the initial coefficients are practically always corrected in the process of stake collecting depending on the distribution of the latter. But the coefficients do not always reflect the winning probability, usually the proportions of stakes made by people.

The description of the stake making process is comparatively brief. Still some preparatory work should be done.

It is advisable to determine what amount of money you are ready to spend on staking. Never use the money set aside for something more important or borrowed money as the chance to lose it is much different from zero. If you are in an agony of doubt, just postpone betting for better times.

Set up real reachable goals. Do not attempt to win $100.000 by staking $100. Certainly a lot of people is attracted by the possibility to make easy money, but the chance of successful outcome is extremely low, tending to zero. It is advisable to make stakes on the events with smaller coefficients as the chance to win there is higher.

There are also websites in the internet offering various tips for making stakes. Sometimes their tips are really valuable, especially if the history of stakes of these “tipsters” shows the positive balance. But even in this case you shouldn’t stake on sports events absolutely unknown to you.

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