How does sports betting works ?

[CrazyJoker]

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 ?

[Unread]

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

[dinda22]

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

[tsaroz]

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.

[crazywack]

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

[twister]

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 ?

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.

[btcdevil]

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.

[KenR]

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.

[Pollak]

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.

[DirectDice]

If you are new to Sports Betting, DirectBet 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

[yugo23]

If you are new to Sports Betting DirectBet 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

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 

[iv4n]

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 ?

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!

[DirectDice]

If you are new to Sports Betting DirectBet 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

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  

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

[AmazonCards]

If you are new to Sports Betting DirectBet 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

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  

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

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

[DirectDice]

If you are new to Sports Betting DirectBet 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

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  

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

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

[tiggytomb]

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 ?

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.

[fullypak]

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 ?

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.

[badjacks99]

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.

[DeathAngel]

God damn gambling noobs

[randchingo]

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.