date:2023-06-23 12:56:31 click:200times
This depends upon the popularity of the event, but in general, bookmaker odds will be more a reflection of what they expect the general public to play, rather than on the actual probabilities of either outcome. Of course, it’s not quite that simple, but in general, bookmakers will set their odds so as to attract betting on either side of the odds, so as to balance their liability and take their commission.This leaves smart gamblers to find great value opportunities where the general public’s opinion is just plain wrong. It also means that great value can be found on events where there is expected to be greater interest than normal by the occasional or casual gambler, who let’s be honest, knows nothing or very little in terms of betting strategy. Events like the Super Bowl, Cup finals and major horse racing events are prime candidates for this sort of opportunity.
If you want to bet successfully, you need the right bookmaker. You will need to find bookmakers that actually let you win. Sadly it’s an ugly truth that most bookmakers won’t and will limit their successful customers, or may even outright ban them.
Of course that way you can’t possibly plan for success, as your winning would always stay fictional. Happily there are certain bookmakers that do not limit or ban their successful customers. One of the most well known bookmakers of this kind is Pinnacle Sports (residing in Curacao), as well as the Asian bookies SBObetand IBCbet. The latter two also happen to be the worldwide market leaders when it comes to soccer betting. On the other hand, if you consider yourself a casual betting type, going with well established bookies is the perfect choice.
The business model of all these bookmakers is based on low margins and high volumes. This means they simply want to have as much action as possible, encouraged by a small bookmaker margin which translates into better odds for the customer. These bookies accept winners not because they want to make the world a better place (that’s just a side effect), but rather because they can use that information to their advantage, for instance by adjusting their betting lines.
You should also make use of betting exchanges. Betting exchanges will not ban you for winning either, as you are betting against other customers on the exchange, rather than a bookmaker directly. Some betting exchanges are good alternatives to bookmakers in terms of the odds and bet sizes available on major sports and leagues, even for serious bettors.
Betfair
Betdaq
Matchbook
Betfair and Betdaq are especially interesting if you’re betting the bigger soccer leagues or UK horse racing. Matchbook is best suited for the North American sports leagues as well as Asian Handicap betting in soccer.
It is worth noting however that the introduction of Betfair Premium Charges has had a major impact of the way many serious bettors and traders operate, with the additional charges having a negative impact on their returns. While most Betfair customers have not been affected, the measures have still caused a great deal of controversy, with many successful Betfair traders now seeing exchanges such as Matchbook as a better alternative.
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