How does sports betting works ?

[gregyoung14]

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.

[fullypak]

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.

[pushyourluck]

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!

[Zaun]

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.

[Nimbulan]

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

[CrazyJoker]

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?

[xuan87]

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

[Snorek]

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?

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.

[adibe]

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 ?

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.

[AsaroUk]

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.

[JasonXG]

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.

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.

[Bitcoinbee]

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.

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[romero121]

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.

[electronicfactura]

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.

[bithasher]

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.

[fantoos]

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.

[crairezx20]

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..

[BitcoinsGreat]

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[Taki]

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).

[socks435]

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.