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Say, a betting will take place on a soccer game score. Does people bet against each other or bet against house ? If they can bet against house, then how does house calculate its odds ?

They bet against house of course there are applications that organize all of it them better understand situation gambling market 
so it is not difficult to place odds bets you only need to select the team and start to bet. in this thread you can also see predictions of each user

all are available along with a number of odds, so you just select your favorite team in soccer to bet.

The betting odds are adjusted according to the amount bet by the users for a specific outcome. For example in football the outcomes are A win, B win or draw. If more bet comes in draw outcome, odds for it will decrease and odds for other outcome will increase.
And there is a house edge too. Smaller the house edge, better would be the odds for users.
If the odds for team A is less, it doesn't mean team A is better, it just means larger amount are at stake on team A.

The spread (amount a team you pick to win or loose by) is usualy set to $1 million USD per 1/2 point.

So if today you see team x is a 2.5 and you pick them to win you need team x to win by more than 2.5 points. and vise versa if you pick them to loose.

Odds are set by Vegas and other Large services. If a team is -2.5 today but -3 8hrs later it means $1 mil more money was put on that a team to loose by 2.5 than not. The "house moves the line to mitigate to much of a loss.

If you pick straight up winners no spread, then a + number means the team is a underdog and a - is a favorite to win.

Ex: Broncos +213 vs Panters -245

If you bet 100$ on the Broncos and they win you get $213 plus your $100 bet
If you bet with the favorite and in the ex, you would need to bet $245 to win $100 plus your $245 bet

Betcoin and nitrogen sports have the best books in my opinion. More games than any other sportsbook for BTC and you can pick a line 1.5 plus or minus what most other places have.

So let's say you want to play the spread of the Super Bowl and the line is Denver -2.5, at the listed sites you can pick a line of -1 to -4 for more/less risk and higher/lower payouts.


Hope this helps

Different sites have different options, the site in my sig for ex. is where you bet against players but the sites like DirectBet, you bet against the house, they make lines as suggested by oddmakers. Its basically the favorite a team is the lesser the odd it has and they're chosen by their previous records.

As others told for the Bitcoin sites you have to bet against the house , they will be given odds according to the favrite team and you have to bet according to the odd provided by the sites, but in fiat currency exchange site in betfair, you are betting against the players , which team is favrite and how much winning chance is their according to that the site provides you the odds for that match on teams, and according to that they give odds for other option also according to the previous records of the teams on that match.

Basically ,yes you bet against the players who have bet on the opposite odds.Considering a soccer match,the bets will be placed on both the team,one has to win and the other will lose.House will pay for the profits of the winners of course from the money that was placed on the losing team.But again these numbers could be even/odd so house has to pay the winners.Most of the times this is covered by looking at the bigger picture.

You bet on who is going to win. So you bet which club is going to win. But you can also bet on players.
If you bet on players you can say how much is he going to score, for example.

If you are new to Sports Betting, DirectBet (http://www.DirectBet.eu) is perfect for you as With DirectBet, betting has never been easier !

1) Find a bet that you like.

2) Select the coin to bet with : Bitcoin, Litecoin, Dogecoin or Dash.

3) Enter the coin address where you'd like to receive your winnings and click 'Place Bet'.

4) Send the amount you wish to bet to the designated coin address.

That's it!

If your bet is a winner, you will receive your winnings automatically and instantly at the completion of the event directly to your Bitcoin Wallet.

Please feel free to contact us if you have any questions or if you need any help.

All the Best,

Michelle

www.DirectBet.eu (http://www.DirectBet.eu)

Pretty much. But that sums up any kind of betting in fact. Sport betting is just a bit more special because you usually bet more on each bet but make less bet.

But any kind of gambling game works the same way in the end  :P

House give u odds. When is about sport betting u have million different bets..who will win, exact score, first corner, max or min goals, yellow or red cards ( how much there will be).... also u can mix different types to make higher odd.
Directbet offer u some nice giveaway for first registration ( u can find thread in giveaway section) u can claim few mbtc and try it.
Also in gambling section u have different leagues (English premier, Germany bundes...) u can check there what people predict and think about some games.
I wish u good luck!

Hi yugo23,

Thank you for your feedback :)

What is unique at DirectBet is that you do not need to open an Account at DirectBet and do not need to deposit so betting is really safe and simple.

It is very easy to bet at DirectBet, therefore it is perfect to members that are new to Bitcoins or new to Sports Betting.

Please feel free to contact us if you have any more questions.

All the Best,

Michelle

www.DirectBet.eu (http://www.DirectBet.eu)

Except for the times where it says "Settlement in Progress" for 4 hours.

DirectBet is proud to have the fastest average bets settlement time in the industry ! Bets settle automatically within minutes of the event completion (and in some markets even LIVE In-Play before the event completion) and your winnings are sent back instantly and directly to your Bitcoin wallet.

If you have any problem with any of your bets please feel free to contact support@directbet.eu. They will be more than happy to help you.

Thanks a lot !

All the Best,

Michelle

www.DirectBet.eu (http://www.DirectBet.eu)

Most places are against the house, sports betting allows you a lot of different options and varying odds based on your overall bet.  FYI I think just the UK had a ban on bitcoin gambling sites unless they have a license so if you are based outside the UK you will have a lot of options which sportsbook you can use.

Mostly we are betting against house in most reputed sites. They will show you the odds to choose on each team and if your selection won than you will get that much money back or you will lose. House have there own method to calculate the odds and since they are showing odds to us before we bet so it is up to us to go for it or find another better odds providers.

I believe there are actually sites that you can wager against other players. I honestly don't know much about it nor have I used them before but they are around. I think its more of a predication site than anything else but if someone wants to bet say the superbowl, you would be betting against a person. I would say most if not all the big bitcoin sites you will be betting against the house.

God damn gambling noobs ;)

In typical sportsbooks they play against the house, in betting exchanges they play against each others, The odds are provided by odds exchangers and big sportbooks having employees making the odds according to their analysis.

Yes, it is ture. Most most of the reputed sites will have there won experts to come up with attractive odds. If odds are not attractive than many users will not bet so they need to think smart to make profits for the company they work. But it is much better way of gambling than playing on dice game. Sports betting got better chance to win.

mostly against the house in traditional sportbooks and the favorite/underdog/point spread is provided by odd providers.

It is quite simple though. You just gamble on a player or a club.
And then give you the amount of what you want to bet and then you just watch quietly and then you know whether you have won or not.

You are betting against the house with sports betting, unless you are entering daily fantasy sports competitions.  Then you would be competing against other players.

Traditional sportsbooks receive their odds everyday from odds providers which are carefully predetermined according to the public money. On the other hand there are betting exchanges, most popular being Betfair, where the customers decide the odds and you can become the house by setting up the lines for other users to bet on.

Well the odds given are vary per gambling sportsbook provider that's why you will noticed all sportsbook sites has a different odds to offer.

One reason is to attract more players. There is no fixed calculation of odds because if one site will offer a small odds to the same match, then other site offers a good odds to that same match also, well players will noticed the difference.

Most of the time you are playing against the house.

Some websites are "betting exchanges" where you can bet against other people.

In each case, the odds will be offered and you can accept or reject them.

The house calculates their odds by doing research on the games and offering odds where they think that they will win money. They can change the odds over time to guarantee themselves a win and/or encourage people to bet on one side or the other to reduce their variance.

It depends on the site you are using. If you are using a betting exchange you are betting against other bettors, and the house takes a commission for providing the service. An example of that is betfair in "fiat world", or fairlay and betbtc in the "bitcoin world".

The mot common option is that you are betting against a bookie, an they offer the odds so that their "book" is bellow 100%, meaning that they will get their profit from that difference.

I was always curious to know how sports books decide the odds they offer. I think they just copy them from big bookmakers lol
You hardly see any diference between them, and i don't think every site has the possibility to analyze events and decide odds.

There has to be some copying of them. If you have drastically different odds than another (or all the other) sites, you will open yourself up to people making bigger bets at your site by trying to arbitrage or make "sure bets." It's not an issue if you are on the right side of things, but the penalty for being wrong when you are on your own with a line is much bigger than the penalty if you are wrong with everyone else.

Yes I agree with you, but I wonder where do they all copy the odds from, and who is "the one" that creates the odds in the first place, and how they decide to offer them. Do they have experts to determine the outcome etc I'm quite curious of that as well.

Yes this is something that intrigued me for a long time too.
If you understand the role of bookmakers/bookies it's easier to make a pick.

The house calculates the odds based on the past performance and the quality of the team/player. For example if a game was Djokovic vs Nishikori the house would obviously give lower odds for Djokovic.

When two teams meet on the football field or on the basketball court, one team is typically better than the other. If all sports bettors had to do was to pick the winning team in a game, everybody would simply wager on the best team and collect their money.

You have 3 options for betting money on sports – take a trip to one of the Las Vegas sportsbooks, find a local bookie, or sign up at an online sportsbook.  Of the three options, online betting sites are definitely the easiest and most convenient way to bet money on sports.

They may copy the odds but if any thing go wrong then they will be under loss so I think they also will have some one to decide the odds but may not be an expert. All these sports betting houses should have very good capital investments to run the show.

Most of these houses will have there won experts to come up with there odds. Some times to attract more bets they may refer to there compitator sites to come up better odds. More sports houses means people may get more better odds.

Well, sports betting works like that, you bet on a event and sites manage the loss and profits. But man you gave a brilliant idea that if people bet against each other. I think we can generate even more events .. hmm a really very innovative idea from my point of view.

I guess already some betting sites are doing player against player even for sports betting also. Usually it needs lot of members and it require some time as it is not possible for instant play. So, many sites are not interested to implement player vs player bets.

You have to remember it doesn't matter which sportsbook - online or not- you are wagering at. All that matters is the odds and odds only. You have to shop around and find the best available odds and if you think you have an edge over the bookie on that line pull the trigger immediately.

They are betting on club or players who is going to win. But I dont like it, there is a chance of matchfixing and that is not good.
I hope later that more people will just gamble with poker or something. I dont like gamble on sports.

But nowadays this is getting a hype this sports betting. I dont know but perhaps they get their liking into this sports and their love for BTCs.

Sports betting becoming popular because it has no house edge so many people like it to check there skills and luck. It also not only based on luck because people can predict better than those fully luck oriented games like dice. But because of match fixing issues, difficult to guess the results.

Sports betting is just as simple as choosing your desired team of your favourite sports and place a bet. There are various types of wagers or bets offered by sportsbooks and betting sites but 3 of the most common are:

Moneyline - is a bet where the result is determined by the result of the game. The margin is not important and does not affect the result. Win or lose between two teams.
Handicap - The "Favourite (-)" and the "Underdog (+)", points will be deducted (-) to the favoured team and additional points will be added to the underdog
after the game. Points to be deducted and added will be based on the given odds.
Over/Under - The results will be based on the total combined scores of both teams.
            Team 1 - 100   Team 2 - 105 (Added Score = 205 > Over)
            in order to win you should bet to "Over 200" instead of "Under 200"

One of the most user-friendly sports betting websites I've visited is www.lunarbets.eu.  They cover major sports and leagues from around the globe. And what I like most is that they have a 24/7 customer live chat that is available 24/7. COOL HUH!

You can just gamble in a club that you think that can win or something, or you can also gamble on a player.
Then you can say in soccer how much he is going to score or something. But gambling is very bad.

You play against house, you bet for team A or team B or for draw, ods are diffrent for every side, you win diffrent ammount

But, how come the house gets to know that who has more chance to win and place odds accordingly? Do they keep expert for each game?

Yes if you enter to sport bet site you are going to bet against the house, the house has its own calculation for the odds and now it is easier to bet because the house has show you the odds
now there are a lot of bet type like asian handicap or bet under/over and etc in soccer game so you can decide which bet suit you the best

Of course. That is the idea behind it. They evaluate chances and create odds for every bet they provide.
They calculate win/lose potential based on many factors - but that doesn't mean they are always right, as in sport betting many upsets can happen.

Nope. In soccer game, there are many options to bet on it, like over 2.5 goals, asian handicap, etc. The bookmarkers give us the odds for that option and we bet what we want to bet.

Sport betting is pretty easy, there are two teams playing in a game you can pick one those who you think that is going to win or of you think that they will draw you can also choose that.
One of the teams is obviously better so the amount of money you can is different that way.

Ok I'm with you so far but now they have a third option which is a draw. How does a draw work ? U lose if u vote for a win or lose but get a draw.

You can also try us and see the difference.
Have fun and enjoy games with us.

Working of sports betting can't be explained. If you get involved only you can clearly understand how things happening. None can explain it in the perfect manner because the more you fall you gain more strategy about betting.

Actually it is mixture of bet against house and each others.There will always be people who place on different options and house set them in this way in any case its winning margin to be from every aspect.House will offer odds which are of course in its favor even sometimes they are too high.This is what is my understanding for betting in sports.

I also have to say that how everything is calculated I don't understand and neither care.What is good part I know and understand fully the options and odds what I use to place bets on.I am satisfied to know what is necessary and I will not even want to know.It is complicated way because there are plenty of options.

There is no house factor involved in sports betting.It is very simple to understand and to place bet.It is neither against each other and this is the beauty of sports betting.You have a wide range of odds to choose and place your bet.You win all the amount is yours you loose site will win.In casino games you win then too you let some part to house anyway.

Honestly really dont understand sports betting but i am one who playing and betting there and can make a profit.. the one thing that didnt know the odds  sometimes the ods change and sooner if you get back and refresh the page ods again will reduce its weird for me.. but i am still betting there.. toto parlay is the best for me..

Directbet is a very good and simple site for sportsbetting.

Yes, you bet against other players who have bet on the opposite odds. So in the end of the match winners share money that was placed on the losing team by another gamblers. And winners's profit depends from how big money they bet. The winners are those players who have made the correct prognosis and bet on the right outcome in the majority of the proposed score of the match created by the House. And House is holding a certain percentage of amount as their earnings (That's how they r survive).

Ah thats why the ods is ramdomly generating.. its relaying on the bet in the other side which is your enemy bet.. now i learn about sports betting i am old in sports betting but this is my first time to know about the ods.

Odds usually defy the user, sometimes even odds with 1.30 or 1.20 will lose which are considered heavy favorites. Relying only on odds is not advisable and as a minimum every soccer bettor will have to check at least the standings of 2 teams which are playing against each other and check also goals statistics, then he can even see the odds to make a comparison if odds are correct based on these facts or not. I wonder how vegas put this odds, they must have some kind of gigantic data analyzing software.

I guess they will bet against the house but sermua any gambling house would accommodate your bet on their site with the passage of time they will increase the chances of becoming lower if one side isn't balanced.

When it comes to sports betting I think you should hold good knowledge of that particular sport and also about the ratings of players and that will surely help you in winning something.