Bet is an argue between two men about the result of an event

Each of them stakes some money (the stake), which he is ready to give his opponent if he wins. So the winner of betting, takes both his stake and his opponent’s stake. Those who has lost receives nothing. So the argue (in such cases it is called a bet) to be done, there need two sides (people), which have the opposite to each other opinion about the further match (or event).

A bookmaker, in some ways, is an intermediary between the people who bet. But his function is wider: he doesn’t only take the stakes from the bettors, but he also fix the amount of prize for each bet (coefficients), so he participates in betting himself, because the bookmaker’s profit depends on the correctness of setting the coefficients. Totalizators only accept the bets from players and pay them their prizes, dividing the whole amount of the betted money (except some money which they take for the work) into the amount of winning bets, proportionally to each bet.

So the totalizators’ profit depends only on the amount of bet and nothing more. There is another situation with the bookmakers, who have to pay the prize, which is amounted to the bet multiplied by its coefficient. So the bookmakers try adjusting the coefficients to receive the profit in any cases, and that is why almost every time as far as people bet, bookmakers change the coefficients, depending on the distribution of amount of money.

So the coefficients do not show the probability of results of the corresponded matches, but only the proportions of the bettors’ bets (really or according to the bookmaker’s calculation) on the results.
It was the description of the process in short. And before participating in it as a bettor, you should be prepared. Even if you have already betted, but you do not have any good progress, you would better to stop and start from the beginning, according to the recommendations given in the next post.

I consider it to be like driving a car. To pass our driving test, we carefully study all the instructions, and only after successful passing our test on a road, we practice in the real situations, which make us aces on the roads. But we also form some bad habits, which become a part of our skills subconsciously. Our methods of betting are also liable to subconscious influence of bad habits and methods. When we are under the threat of losing the bank, we usually ignore them and so decrease our bettor effectiveness.

Review Betting Terms Carefully

Consider your enemy!

If you don’t know the elementary bookmakers’ principles, it may be fatal to bet on the sport events.

Because to have a success, you need to weigh all the possibilities, but you can’t know all of them if you do not understand the bookmakers’ work.

You should know all your strengths and weaknesses. Most of people consider themselves to be better than they are, in fact, in some spheres, and betting is not an exception. The only way to understand the real situation is to write down all your bets in details, not only the lost bets, but the won bets also. The full, extensive and accurate writings are the very thing, which might help you in your straggle against the bookmakers. Don’t rely on your memory, it might be mistaken.

Sports Betting For Amateurs

If you are a beginner in this sphere, you would better begin with betting on “a sheet of paper”. It means you should bet without spending the real money. So you will be able to understand what you are good for, without risking. Sometimes during the lucky periods, you may think: “I wish I staked the real money!” Don’t worry about it, you will get enough opportunities to receive the profits, basing on your knowledge.

The number sports, on which you are going to bet, should also be considered very carefully. I do not know any of successful bettors, who would have enough strength and time for studying thoroughly aspects of more than 2-3 sports.
Gather as much information as you can! Handicapping is a marathon, but not a sprint.

Many people think that betting on sport events is an easy way of enrichment, but they are wrong. If you want to win, you will need: to work hard, to be good prepared, to know the sport games, to manage your finances very strictly, patience and discipline, and ability of finding a really good match. Pay attention to shifting of members in the team, the trainer replacements, injures, the weather, the line changing and so on.