According to Britain’s Gambling Commission, nearly 74% of the entire population indulges in one type of gambling activity regularly. But while most still prefer to buy a simple lottery ticket, others develop complicated gaming and gambling schemes in order to win at poker, dealing cards games or even sports free bets. Moreover, recent studies have shown a stronger receptivity from people for online betting and gambling games rather than common, physical places such as betting agencies or casinos.
The main reason why people appear more and more often to online gambling websites is that they lack the necessary amount of time to spend at regular agencies or casinos. With demanding jobs and hectic schedules, Britons barely find time to breathe and deal with their families, not to mention their personal time. This is why online gambling sites have become so popular in the first place – it is ten times easier to bet from the comfort of your own coach, right before the game starts, rather than to spend time at a betting agency. Moreover, online bookmakers and online casinos are full of special offers, discounts and bonuses for their members to encourage them to spend more real money in a virtual space. And while online casinos and their adjacent games, including poker and blackjack still require big amounts of time spent, online betting agencies settle for much less.
With some simple and easy clicks, anyone can place his or her favourite sporting bet and expect for future revenues. But how do sport bets really work?
First of all, indulging into gambling activities such as sport bets is illegal throughout the United States, but luckily rather common in Europe countries. Secondly, a rough definition of a sport bet would be the one of a game of luck and money. Indeed, if you play a game of chance and money, you most definitely are gambling in some matter. But the world of sports betting is far more complicated than simple luck (or chance or probability) and money.
Basically, a bet could not exist without at least two parts involved – both of them bet the same amount of money but only one will receive, in the end, the total sum of money initially bet. For example, if you bet 10 pounds on something and a second person bets the exact same of money, at the end of the bet, only one person will manage to receive the other’s part of money and keep their part.
What are sports bets?
Just like any other types of bets, sports bets include a specific betting category. The most common form of betting is throughout sport events. However, the number of sports that are out for betting varies a lot from one country and culture to another. Of course, the favourite type of sport betting worldwide remains football betting, but there are a series of sports or sport activities that might appeal to betting. For instance, in the United Kingdom, football bets play the most important role in the profile industry, but other sports like cricket, horse racing or handball are extremely popular too.
Sport betting basic
Different sports come with different systems of odds-making and betting. Even different bookmakers can invent or propose various types of betting and gambling in general. However, the best way to understand these complicated betting systems, it would be better to have an idea about the jargon used.
For instance, the word “action” refers to the simple betting activity. However, phrases including “Show me where the action is” are usually used in the countries or states in which sport gambling is illegal and you cannot always contact a bookie from the local phone book.
Like previously mentioned, a bookie is the person who takes bets, while sports-books refer to the physical establishments where bets take place. “Juice” usually refers to the percentage of all bets taken by the bookie in the form of profit, while the verb “to handicap” means to offer a team points advantage to level the betting field. This advantage automatically turns into a disadvantage or a handicap for other competitors.
Of course, the majority of sports bets take place in the football industry. With such a strong football leagues such as Premier League, it comes as no surprise that England is the most welcoming country for bookies. There are also different variants of bets that can be played, including those combining more sports or sport events. However, most clients prefer the simple betting variants for the upcoming matches.
On the other hand, sport bets have sometimes become the subject of major sport scandals including even the most reputed sport teams or coaches. Especially in the 20th and 21st century where sponsors play a crucial role in a team’s development, betting on a team might involve manipulation attempts. As sad as it may sound, even the biggest sport teams make the games for important investors or gambling companies on their rush towards gold.
Guest Post by James Hannigan of http://www.monsterbet.co.uk/.