In other words, the more successful you
become then the less you will actually win until eventually you lose any profit
that you gained.
only person to win is the bookmaker, when did you ever see a bookmaker riding a
bicycle? Never is the answer. The exchange
takes a 5% cut from the winner of the bet. Chelsea are expected to win most of their games and so the odds
for Chelsea to win are very low, whereas the odds on the other team to win and
the draw are quite high. A very simple example:
. It is these differences in the betting odds that
ensure that you will never win at sports betting.
theory you can become the bookmaker by laying every outcome so that you will
make a small profit once you have paid out to the winner. Nowadays, there is a way for you to become the
bookmaker, due to the emergence of Betting Exchanges such as Betfair and
Someone else bets £10 that Chelsea will not win.
I place a £10 bet on Chelsea to win
You could win eight times out of ten then lose all your profits
on the two games Chelsea lost or drew. In reality it’s much more
may even manage it once but then to keep on doing it, is very unlikely.
Gambling over the Internet
betting has never been easier to do. The odds just don’t allow it. They offer generous
incentives for you to join them with some sites offering to match your deposit
up to £200 and do you know why? It’s because they know that they will get their
money back plus most of yours.
The only people who are making money out of gambling are the bookmakers;
the exchanges and the spammers who sell systems that promise you the earth.
Don’t fall for it; within a few months they will be selling another system
because their earlier ones don’t work.
Even if you do become successful and manage a winning streak,
the chances are that bookmakers will limit or even suspend your account and in
some cases just refuse to pay out. If Chelsea draw then I lose £10, I can only win
if Chelsea wins.
A betting exchange is different to a usual bookmaker because you
are matching your back bet with a lay bet placed by someone else. It
is very unlikely that you will ever get the odds needed to complete a book. In practice making a
book (as they call it) is almost impossible. There are literally thousands of sites on
the Internet all dying to get their hands on your money. Exchanges use
bots (software) to keep the odds markets artificially fluid that ensure that
people will bet more, especially when an event is in running.
Can you see that I am at a disadvantage from the start? If
Chelsea lose then I lose £10. It is all down to maths.
If Chelsea wins then I win £10 – 5%
That was a very simplistic example
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