Safe Football Details 3
Apparently we're pleased to stake our money on everything from bullock racing to a bullfight. The consulting firm H2 Gambling Capital released statistics recently which reveal that a normal UK adult or perhaps the US adult will lose around US$400 gambling per year. But they are nowhere near the Australians (the most prolific bettors) that will lose more than $1,400 for every adult this coming year.
All these losses add up and popular sports betting markets like English Premier League soccer, NFL football, NBA basketball, NHL hockey, and MLB baseball turn over billions of dollars every year. And, as in other billion dollar industries, the competition for your custom is fierce. Online bookmaking operations today are slick, sophisticated, and making a killing. They employ expert staff to set appropriate starting prices and use complex statistical models to manage their risk in real time.
On the contrary, all this effort from the bookmakers is nothing with regards to the time expended by punters themselves. Consider the time you spend turning a bet over within your mind before you place it and after that multiply that through the range of bets placed each day. Tens of thousands of man-hours are spent trying to predict the outcome of sporting events every day.
But could this effort be better utilised?
You'll find only two things which determine the expected payout of a bet. The very first is the probability of the predicted result and the second will be the odds accepted for that result. Improving on either one of these factors improves the expected return of the bet. Still, for all the effort expended attempting to predict the proper result, it appears that proportionately very little effort is expended securing the very best possible odds.
This is hardly logical. It really is not possible to anticipate the result of a sporting event with any meaningful confidence and also guessing at the probability of a particular result is very hard. At least some of the time spent trying to predict the outcome of a sporting event could be better spent comparing the odds offered by the many bookmakers and selecting the bookmaker which offers the very best return on this type of bet. It's quick and easy to shop around the many online sportsbooks, compare odds, and find a better offer. You will discover even lots of services out there that can do it for you for free.
Professional gamblers often have accounts with multiple bookmakers, pay close focus on the odds provided by each, helpful hints and seek out the most effective odds before they place a bet. But the average punter tends to mindlessly accept the odds offered by his usual bookmaker. This is a big oversight and a costly missed opportunity.
Bookmakers often post noticeably different odds for the same event and it is common to seek out mismatches of up to 10% from one bookmaker to another. This percentage is there for the taking and it mystifies me that more folks aren't shopping around for better odds.
