Bookies dirty tricks exposedWritten by winder liao
One big advantages a bookies has over a players is they know average players have limited knowledge in odds,probability and gambling.I call them experts in soccerbetting industry.Their betting experience is much better than average punters in market.They knew how general market conceives money lines and how to tweak line to their advantages.Their initial capital is also much higher than average punters.
They do however has cons that is they are exposed to pros who shares their profit and another cons is they have to set aside about 20%-30% of their profits to bad debts.These bad debts are incurred by punters who bets big and lose thus unable to pay up their wager.
So does a bookies makes much money by vigourish /or water money alone.The answer is no unless their daily transcations are of large volumes.So where did rest of income comes from? They bet against punters.They knew their customers well understanding their betting behaviour and analyse their punters.For instance which are their favourite team?Is he a dog players or a favourite players?
Why is it neccessary to do all this analysis?This is to helps bookies to shade moneyline accordingly inorder to maximise their total profit.For example
What is the true winning percentage of a proffesional soccerpunterWritten by winder leow
Many people believe professional-level sports bettors win at least 60% of their bets. It's understandable that people think that, but it's just not true. The fact is, difference between percentage of bets won by successful sports bettors and percentage of bets won by losers is relatively very small.
Anyone can expect to win 50 percent. After all, only thing required is to flip a coin and pick a side. The bookmakers' profit comes from difference between what a bettor must risk and what a bettor expects to win. Every time a player wins, bookmaker withholds slightly more than 9 percent of winnings ($1 for every $11 risked). Consequently, a bettor winning only half his bets will ultimately go broke.