Different kinds of physical games are getting more popular. Billions of people watch football, basketball, hockey, tennis, etc. Thus, there are dozens of opportunities for gamblers to have more fun by watching it and to obtain cash in a few hours or minutes.
However, such a process is not that simple as it seems like. There are general rules and essential principles to follow by everyone to comply with legal frames of each country. They are not really strict but they allow making a fair competition. We will disclose some important features, which should be sufficient for understanding the methodology.
Bookmaker – What Is It and How It Works?
This position is usually represented by an organization or a particular person having a relevant license. Mainly, they have a certification for general activities, which cover different types of sport.
Thus, just visit the office or go to online book Netent casinos and put a bet. The odds depend on varieties of factors: the choice you make, the external elements of the competitors, the latest news, statistics, etc. Having an example of football, a person may bet on a team which scores more than 5 goals or wins, one among the players get injured, etc.
Sports Betting Elements in Netent Casinos Book
Certainly, there are three main features to consider before placing a stake. Thus, pay extra attention to the odds, vigorish and hit rate. They determine how much money you can win and what are chances to gain it in general. Each of these categories needs a special explanation. Therefore, the following information will be indeed useful for people, who bet once or play regularly.
What Are Staking Odds?
The most important practical element is to consider the odds for wagering. Contrary to NetEnt casinos, they do not really rely on the brand or the software creator, they depend on other things, which were, as an example, mentioned earlier. Thus, for instance, a tennis match between Poland and the UK is occurring with the numbers 4.61 and 1.22 respectively and the investment is $100.
So, the overall chance for the UK to loose is 18% ((1.22-1)/1.22=0.18) and 82% to win. Importantly, there is a “books balance”. The organizations stop receiving bets before the actual match starts as otherwise, closer to the end, the results would be predictable and people would stake on the winning team.
How to Calculate The Vigorish?
Interestingly, this word is quite new in the gambling industry. Nevertheless, it has other names and the casino users would call it – the house edge. This is an actual margin for companies for their job. Bookmakers are always getting profit regardless of the results of any competition. You can always calculate your RTP looking at the odds.
An example: a football game between Spain and the Netherlands with the following rates 1.9/3.2(draw)/4.5. Thus, divide all these numbers by 1 to get the changes to win: 1/1.9 = 0.52, 1/3.2=0,31, 1/4.5=0.22. Therefore, 52% + 31% + 22% gives 105%. Consequently, this 5% is a vig for the work.
Follow the Hit Rate
This is a technical term that shows the prediction success. For instance, if among 10 boxing matches you won 9 times and played for each game – the rate is 90%. Notwithstanding, this does not really indicate that you won more. You can bet on a favorite game with smaller odds and get a low amount all the time. Meanwhile, a person can stake on the newcomer, who won unexpectedly and got millions.
Sports Games in Netent Casinos Book
The scope of sport betting activities is wider than you think. It includes MMA fights, football, basketball, baseball, tennis, hockey, volleyball, billiard, gymnastics, ski competitions, etc. Moreover, it covers not only professional and world’s leading contests but also an amateur level.
Furthermore, it may not concern humans and deal with horse or greyhound racing. So, a likelihood that your favorite game is covered as well is huge!