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Betting on the Blockchain.

submitted 10th March

With the rise of Blockchain, different sectors are now considering blockchain as their platform. Gaming industry is one of them.

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submitted 16th May

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submitted 30th March

What are the chances of winning sports betting and what types of strategies?

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submitted 8th March

If a bet contains a postponed or Cancelled match what happens to the bet? and different scenario for single and multi bet.

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submitted 27th May

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How to make money Gambling Online & Sports Betting | Matched betting

submitted 15th July

Can betting be a source of income & what technique to use to make money from Gambling Online and also make money from Sports Betting? Also how to make money matched betting and bet on no risk matched betting

How Double Chance bets are calculated?

submitted 11st March

what is the formula to calculate double chance bets?

Top 3 Richest Footballer in the world in 2019 - Richest football player

submitted 15th July

Who is the Richest Footballer in the world in 2019 and have the most money as a football player, both earing and already earned sportsman?

Betfair API GitHub Code Samples

submitted 28th March

How to connect to a Betfair API? using Json request to get latest horse betting Odds and much more.

What is the Future of Betting and IGaming?

submitted 7th March

Will the betting industry and IGaming will change in the Future? What will be the new structure for the betting industry?

Understanding Betting Odds

To fully understand betting odds, you must know what a bookmaker is, what types of bets are there and type of Odds to fully understand gambling.

by Admin


Posted on 10th May


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Intro for Understanding Betting Odds: To fully understand betting odds, you must know what a bookmaker is, what types of bets are there and type of Odds to fully understand gambling.
Understanding Betting odds, is the key to understand gambling - can either be betting n football, NFL or any other type of sport or bet. When sporting, it's all regarding, odds, costs and markets, and it will be a touch confusing for the beginner to understand what's really happening, once viewing a sporting show for the first time. With this in mind, i will be able to try and justify the fundamentals of sporting in simple terms, during this short article.
To understand Betting Odds, you need to know what a Bookmaker is or maybe who is the Bookmaker. A bookmaker is a corporation or an individual that takes bets on sporting and alternative events at prearranged odds. Bookmakers within the uk focus looking on skilled sports, particularly racing and association football; but, a wider vary of bets, together with on political elections, awards ceremonies like The Oscars and novelty bets also can be placed.
Once a bookmaker create a type of bet on either football, election or any other bet, the gambler place a bet. So to understand better betting odds, what types of Bets are there? (We will take football ax an example). Accumulator bets (multi bet or ACCU) are better than single bets. An accumulator could be a bet that mixes four or a lot of choices into one wager that gains a comeback only all elements win. The advantage of associate accumulator is that winnings are a lot of higher at the expense of magnified risk, solely one choice want to lose for the whole bet to lose. Finally, best Bets to bet on are the Double Chance (for example: 1X or X2) and Over and under goals.

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