Post
Topic
Board Gambling discussion
Re: Inside The Mind Of A Bookmaker
by
shanem
on 25/12/2016, 03:31:47 UTC
Once you get to know how bookmakers make sure they always make profit, your gambling experience can be phenomenal. Some matches are over priced or over priced ( more odds offered for a winning team).
Who said bookmakers always make profit ? I've won multiple bets multiple times with great odds,this is my win win situation and bookmaker's loss.Matter of fact,they accept bets for multiple games with a number of people. The winning-lose ratio determines whether they profit or not.

The win or lose ratio has nothing to do with their profit. It is the amount of profit that they won from players and the amount that players actually win from them. If there are tons of bet that won 0.01 btc each and they won from a single bettor who wagered 1 btc then obviously they are still getting some profit

Sometimes, bookmakers are biased towards certain teams. This can be a good or bad thing depending on what you are betting. Bookmakers don't really care if you win small amounts from them as they can cover your winnings from other people losses. I notice many times that the odds in basketball does not make sense and you can make huge profits if you can spot the underpriced moneyline.