Monthly Archives: May 2021

A Look Back at the 2021 NHL Season

A Look Back at the 2021 NHL Season

The 2021 NHL season was not completely normal, but the league was able to make it through. Now that the playoffs have started, it’s time to look back at the 2021 NHL season with a betting focus.

NHL futures betting is extremely popular, but sometimes the oddsmakers are way wrong in predictions. Other times, the top teams are easy to predict, but making an early bet provides some value.

Here is a closer look at some opening futures betting lines and how the season affected those odds.

Avalanche Still on Top of the 2021 NHL Season

The Colorado Avalanche opened at +700 to win the Stanley Cup, making them the hockey betting favorite. Colorado is a team that is loaded with talent, and it was easy to make them the favorites.

The Avalanche did not disappoint in 2021, winning the President’s Trophy and the West Division. Now, the Avalanche have odds set at +250 to win the title, and that still makes them the favorite.

A bet on the Avalanche back in January would have been much more valuable than it is today. Colorado continues to have its odds shortened, and that trend won’t change throughout the postseason.

Vegas was also listed at +700 to win the Stanley Cup, and they are now being offered at +550. The Golden Knights and Avalanche could soon be meeting for the West Division final.

North, West Easy to Predict

Along with picking the Stanley Cup champion, making a bet on each division winner is another popular bet. There are just four divisions this season, and that made betting a bit more interesting in the preseason.

Sportsbooks struggled with the realigning of the divisions and how to handicap each team. The opening lines for the North and West Divisions were correct, as the season played out that way.

The Toronto Maple Leafs were +140 to win the North Division, and it played out that way. Colorado was +154 to win the West, and the Avalanche narrowly won that division. 

In the Central and East, Dallas (+400) and Boston (+280) were the favorites to win those divisions, respectively.

ICYMI > Recapping the 2021 NBA Season

Boston, Toronto Make Big Jumps During the 2021 NHL Season

When making future preseason bets on which team will win the title, choosing an underdog is a great play. This season, it appears that Boston and Toronto were two teams worth betting on.

Boston opened up at +1200 to win the Stanley Cup, and those odds have now been slashed to +450. Toronto was +2000 before the season began, and the Maple Leafs are now being offered at +600.

Both of these teams still have some work to do if they want to win the Stanley Cup, but they have a shot. If you are someone that bet on either Boston or Toronto, then you could be in for a big payday.

Other teams such as the Washington Capitals and Edmonton Oilers had odds go the other direction during the year. Both teams have been eliminated and will not win the Stanley Cup.

How to Check if an Online Casino is Trusted in 2021

The biggest dilemma that online gamblers face is identifying the right online casino from thousands online. Many casinos operate online to attract more members. However, some are illegitimate and cause people to lose money.

While there are many legit operators, there are also countless illegitimate ones. By checking if a casino is trusted you save yourself from insecurity threats. For example, if you play at an unsafe website, chances of losing your data to fraudulent parties are high. With that, here is how you check if a casino is trustable.

Watch out for Free Offers

Let us be honest; nothing is free nowadays. If you find a casino that allows you to play games without paying a dime, beware. Don’t be the kind of player who accepts free bonuses without asking questions. If you do this, you will be setting yourself up for disaster.

The casino will know that you are desperate and take advantage of you. Instead, ask the necessary questions and remain adamant about what you want. Also, try to understand why the site has free offers. Some legit casinos have free offers to new or loyal players.

Check the Necessary Documents

A legitimate casino will have the necessary paperwork. They must have a registration certificate to prove legitimacy. If you find an online casino that lacks license and registration information, look elsewhere. Please don’t waste time bargaining with them because you will lose. Check out online casinos rated to find good options.

Consider Reviews

A credible online casino will have good reviews. Clients never lie about their experiences. Choose a casino with good reviews to avoid running a loss. Technology has made everything easy, and you can find reviews easily.

Can you Trust Online Casinos?

Online casinos are safe if they have the necessary documents and proper banking methods. Another factor that makes an online casino trustworthy is the reviews. However, some have the tendency to use fake documents and posting fake reviews online to lure members.

Ensure you double-check the registration and check reviews on credible sites. This way, you will know for sure whether an online casino is genuine or not. Nothing is more painful than for a player to discover that the online casino he/she uses is fake.

Some allow members to play and deny them the chance to withdraw earnings. Players have the responsibility of scrutinizing individual casinos before choosing them. Failure to do a background check will only lead to regrets and significant losses.

Even if you don’t intend to spend a lot of money in a particular casino, it is still essential to do your research.

Elements that Make an Online Casino Trustable

Distinguishing a legitimate casino from a fake one is not easy. You must know what to look out for to be on the safe side. An online casino is safe if it has the features listed below:

  • Safe and trusted banking options– One feature to consider when checking the legitimacy of an online casino is banking options. A trusted casino will include top-rated and safe banking options for members. Check whether the casino allows debit and credit cards before usage.
  • Authentication of players– credible online casinos have a player authentication process to prevent wrong withdrawals. It understands that some mischievous people might take advantage of other people’s gains and withdraw their money. Hence, they require members to provide identification documents to protect themselves and players.
  • License and Regulation– This is an important feature that separates authentic and fake online casinos. If a casino lacks license and regulation documents, think twice.

Types of Online Casino Certificates to Check

Online casinos should have some form of certification to operate legally. Some of the certifications include:

  • Security Firms– These are companies that check online casinos for irregular activities. They do this to protect gamers from unscrupulous sites out to dupe them. They check to see if a game site engages in criminal activities and shuts them down.
  • Jurisdictional Licenses– All casinos have some form of jurisdictional license. Some are fake, but continue to operate. In some countries, the government is not strict and allows them to operate provided they make annual payments.
  • Software Firms– These are firms that test the software of a gambling site. They check if casinos operate fairly and don’t dupe members.

Safe Online Casinos

You can only trust legitimate online casinos. They meet all the requirements and consider the needs of players. Moreover, they have tried several casino sites to provide impeccable services. Some of the sites include Las Atlantis Casino, Jackpot City Casino, and Red Dog Casino.

With these sites, you will be safe while enjoying your games. Unlike fake online casinos that promise players good returns but end up stealing from them, legitimate casinos are tested.

Players have good reviews about their experience and invite people looking for a trusted site to try them. Again, with safe online casinos, you are assured your security at all times. Usually, these websites use security protocols like SSL encryption to prevent unauthorized access.

Can Safe Online Casinos Become Unsafe?

Safe online casinos can suddenly become unsafe. If a casino violates the terms set by the licensing board, it becomes unsafe for members. It can redeem itself by observing the rules and protecting members. However, it is hard for an illegitimate casino to turn around.

Benefits of a Trusted Casino

Despite its challenges, people cannot get enough of online gambling. One of the main reasons why people love it is because of its convenience. You can play it anywhere, anytime. You can play in the office, at home or on a business trip. Moreover, they are and easily accessible.

Players prefer trusted online casinos because they save them time and have different options. You can try different online casinos to find something that matches your needs. Going to a casino can limit players who want to try different games and acquire new experiences.

Trusted online casinos also allow you to virtually meet and interact with other players. You get to share unique experiences with other players and learn new things along the way. Of course, the experience is better when you are in a trusted casino since you play and interact peacefully.

Most Reliable Casino Game Providers in 2021

Year after year, casino fans join forums to talk about their favorite slots and table games. They pour their love for top-RTP slots, multipliers, scatters and jackpots. But seldom do you find threads about the companies that create slots and table games.

Once in a while, someone will mention NetEnt, Microgaming or BTG in a discussion. But casino software providers don’t always receive the love they deserve. In this article, we’ve reviewed seven of the best software providers out there. Intrigued? Let’s dive right in.

1—Microgaming

Created in 1994, Microgaming is the oldest software provider in the world. It has been in the industry since its formative years. As a result, Microgaming is responsible for some of the oldest games out there.

That’s not all. With a catalog of 1000+ games, Microgaming is the biggest supplier of casino games. In fact, the Isle of Man-based developer is so big that it often provides games exclusive to some casinos.

Although the company releases new games monthly, Microgaming isn’t just determined to flood the industry with games. It prioritizes quality, ensuring its customers play beautiful, mobile-friendly, high-paying games consistently.

That said, below are some of the most popular games from Microgaming:

• Mega Moolah
• Break da Bank Again
• Thunderstruck II
• Game of Thrones

2—NetEnt

For some people, NetEnt is the best slots developer in the casino industry. It might not release new slots as regularly as Microgaming. But when it comes to quality, payout rates and innovation, no developer comes close to NetEnt.

Like Microgaming, NetEnt has been around for over two decades (launched in 1996). It’s, therefore, an established company with the resources and manpower required to create high-quality games.
Against that backdrop, NetEnt has games that suit everyone’s interests. The best part is that most of these games have top-RTP rates. Some, like Blood Suckers, Jackpot 6000 and Mega Joker, have 98%+ RTP rates.

With that in mind, NetEnt games also qualify for bonuses. Check this list of the best Netent casinos—you’ll receive a bonus after registering an account at some website. And you’ll earn an even bigger bonus after your first deposit.

3—Playtech

Established in 1999, Playtech is one of the top-five biggest software providers in the world. Unlike some developers, Playtech creates virtually all types of casino games. It has video slots, progressive jackpots, RNG table games and live casino games.

Playtech has lots of games. Some of its most popular slots are Ghost Rider, The Sopranos, Fortune Hill, Desert Treasure and Spiderman. Evidently, Playtech has love interest in games based on movies and TV shows.

Brand games inspired by superheroes and TV characters, unfortunately, don’t have the best payout rates. The explanation is that Playtech shares some of its proceeds with movie and TV show creators.

That said, most of Playtech games have high payout rates. On average, the company’s slots have 97% RTP. So, if you find a good casino with Playtech slots or table games, consider creating an account.

4—Evolution

Evolution is a Latvia-based software provider that specializes in live casino games. Unlike RNG games, live casino software allows players to play with each other in real time. The result is an exciting, social and competitive gaming environment.

Evolution provides live software for nearly every table game. If you like poker, you can play live Texas Hold’em, Omaha, HORSE or Caribbean poker. If you would rather play Blackjack, you can play the game with a human dealer.

Because Evolution provides exceedingly high-quality games, it’s one of the most commercially successful software providers in the world. Last year, it successfully purchased NetEnt and dissolved its live casino department to extend Evolution’s dominance in the live casino software market.

5—Play’n GO

Play’n GO is yet another Swedish software provider that has made a mark in the casino industry for years. Established in 1997, Play’n GO is a pioneer in the industry. It primarily focuses on slots—it has a catalog of 260+ slot machines.

Many of the games have high RTP rates. They support multiple languages and run smoothly on both desktop and mobile devices. Some of the company’s games, like Book of Dead and Diamond Vortex are cult classics.

6—Betsoft

If you like to play 3D slots, there’s no better software provider to checkout than Betsoft. It has 500+ slots, so it doesn’t just give you quality games. It also provides variety to ensure you can play numerous games based on your interests.

In the spirit of security, Betsoft uses RNG software to produce winners and losers in its slot. RNG software is highly encrypted to keep off hackers. It also produces an infinite number of combinations to create randomness.

That said, Betsoft’s games have a 95% payout percentage. This is the industry average. However, it’s essential to choose games with a higher RTP, say up to 98% to increase your winning chances even further.

7—Big Time Gaming (BTG)

Some software providers have been around for over two decades. But BTG launched in 2011 and has surpassed many of its competitors in every market reach. Interestingly, BTG’s claim to fame is its unique Megaways engine.

Unlike regular slots, Megaways slots have an engine that modifies reels to produce different symbols with every spin. BTG launched the first Megaways slot in 2015. And within a year, software companies were lining up to acquire the legal rights to create own Megaways slots.

In light of that information, some of the best Megaways slots out there don’t come from BTG. They come from Red Tiger, iSoftBet, Blueprint and several more developers that have a license to create Megaways games.

Some of the most famous Megaways slots are Extra Chilli, Ted, White Rabbit, Buffalo Rising, Rick and Morty and Bonanza. These games are highly volatile. But they also feature 117,649 ways to win. What’s more, they have maximum payouts that exceed 20,000x your stake.

That means they don’t payout regularly. But when they payout, they ensure you walk away with a worthwhile amount.

Bookies best advice

There are many different things to take into consideration when you’re trying to run a successful sportsbook business. There are different ways to handle your business and your players, different ways to go about software and platform, different payment methods you must know, different ways to deal with your lines and odds, and so on. No one can really tell you what is going to work best for you, but through many years of experience in this industry, and having been right in the middle of the process of evolution in this business, we can certainly give you some good advice so that your bookie operation can get the best possible results from now on.

Here at www.a1pph.com we’ve been around for many years in the sports betting business, and we have seen the industry come and go, adapt to new technologies, leaving the past behind, and welcoming new trends, new ways of playing and enjoying sports betting in general. We have seen sports bettors grow and evolve, reshaping the whole experience of betting, taking if from paper to phones, then online and now on mobile.

The best possible advice that we can give you right now, if you want to be successful in this multi-billion-dollar industry that is sports betting, is to learn to keep up with the times, know the business from different angles, learn to identify your weaknesses and strengths, and most of all, learn to know when to take help from people who are willing and are ready to give it to you.

Price per Head is the fastest growing market within the sports betting industry, and good service providers like www.a1pph.com are ready to give you a hand, take over your operations and make sure that you’re ready to offer a world-class sports betting platform for your players, all for the lowest risk and investment you could think of.

What makes Price per Head so special and why should I trust it?

Working with a trusted and reliable PPH operator is all about transparency. We’re here to help you be as successful as you can be, and all for just a small weekly fee per active customer, which in our case is of $7 or less. That’s all you will be paying us, a few hundred dollars a week, depending on the number of active players you have, and this covers every single tool and service needed. There are no hidden fees or commissions, there is no catch.

In fact, before you decide to work with us, you can even enjoy our 4-week free trial, so that you can actually use our platform, review it, make your questions, and once you’re ready to go all in, because you will, then we will be ready to work with you and make sure you get everything you need.
If you’re looking for advice, then trust the professionals, look for people or companies that have been in the business for years, and have been successful in it. Give us a call today and let’s get things ready for your and your players’ needs.

Learn more about Pay Per Head:

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Benefits of using Paysafecard to play Slots

In playing online slots such as Eggomatic slot game and staking for real cash, players use different means to stake or wager. Truth is that there are numerous means one can use to play or stake on slots. Credit cards, Debit Cards, E-wallets, American Transfer, even bitcoin are all means that any player may use in staking on slots. Paysafecard is also one of these means. This article will elaborate on the benefits of using Paysafecard to play slots, but first, let's check out what Paysafecard itself means.

What is Paysafecard?

Paysafecard is a payment method that uses the prepaid style and method for online payment. It usually has 15 digits and it is accessible on vouchers. Paysafe (abbreviated) is not like a bank account nor a credit card. It is independent of them all, even of personal information.

Founded in the year 2000 by Admin Sageder, Michael Müller, Reinhard Eilmsteiner, Michael Altrichter. It was later obtained by Skrill in 2013, Skrill is a British Digital Wallet Provider. Paysafecard is most of the times called “Paysafe” and it's a digital payment platform that is used in more than 40 countries around the world.

How to use The Paysafecard

Using a Paysafecard is quite simple, all you need is to get vouchers at outlets, use the 15 digit code on it to pay online at any site (in this case; a gaming site). Although they can't be passed by email, Gmail or telephone. Very simple. Some countries have a personal account where they upload pins, it is called “my Paysafecard”, anybody can even open this account via the app. For slot usage, Paysafecard has put a boundary of €1000 on online transactions, this must have been done with the mindset to curb excess withdrawals while staking.

What are the benefits of using Paysafecard to play slots?

Anonymity

is one of the most advantages of using Paysafe to play slots. The anonymity it offers. The fact that players do not have to tell or show their bank details, names, or any other personal information to the slots they'll stake on. Paysafecard offers this on free of charge basis. The implication is that while players using other means “may” have information problems, users of Paysafecard need not worry about that.

Fast and Simple Online Payments

Paysafe is one of the easiest means of paying online, it's even easier with the Paysafe account which can be created personally online.

Zero Fees

For all it offers, Paysafecard doesn't take any fee for it unless in cases of currency conversion.

The Paysafecard App

In the spirit of ease, Paysafecard has an app that is downloadable and where you can get everything done on one click. It has a lot of functions on it that just makes your online payment easier.

Finally, there's only one thing and it's called choice. It all depends on the choice of players or which payment method is the most convenient of all for them to use. The Paysafe card is one of the most reliable and simple ones to use in playing slots.

Best Jackpot Slot Games Today

That sometimes elusive and mysterious jackpot, gives a thrill that is pretty incomparable. The possibility of pulling that fateful leaver and winning those huge numbers (sometimes 6 or 7 figures), adds another layer to the excitement online slots bring to us. The best part is, it does not always have to be from betting huge amounts. Progressive jackpots are even better, as the pool of money just keeps growing until one lucky player takes it all home – deposit and play.

This article is going to outline some of the best jackpot slots out there today, with the hopes of helping you win big next time you are at the slots.

So What is a Jackpot Slot?

A jackpot slot is different to a normal slot in one way. Where normal slots have a maximum payout that is fixed, maximum payouts on jackpot slots can change and get as high as 7 digits. Of course, this sounds like it is too good to be true, but it is not. However, do not start thinking it is easy by any means.

What is the Point?

So why play them? Seems pretty obvious, the jackpot. But there are other reasons you should consider playing these types of games. Here is a list detailing some other benefits:

• They usually have bigger prizes anyway
• Generally there will be multiple jackpots
• They are very convenient and some of the most fun to play
• Usually mobile friendly
• Prize pools can expand within very little time.

The Best Out There

Onto the best bit then, which jackpot slots are the best. Lucky for you, we have done all the work, find the list below.

1. Mega Moolah (Microgaming)
This slot is renowned for insane jackpots. The average being just under six-million. In 2015, one player took home £13.2 million.
2. Hall of Gods (NetEnt)
Roughly five million every five months.
3. Mega Fortune (NetEnt)
Generally between two million and four million every 2 months. In the past, one player won 17.8 million.
4. Arabian Nights (NetEnt)
Average jackpot usually falls around one million every five months.
5. Mega Fortune Dreams (NetEnt)
Usually £3.5 million every 80 days.
6. Great Rhino (Pragmatic Play)
The biggest jackpot in this slot will increase your bet by 500x.
7. Age of the God (Playtech)
Generally will pay out £478,698 each 6 weeks. One player took home one million in the past.
8. Holmes and the Stolen Stones (Yggdrasil)
Largest jackpot is £100,000.
9. Immortal Romance (Microgaming)
Largest jackpot is £729,000.
10. Divine Fortune (NetEnt)
Generally the jackpot falls around £120,000 and happens every 4 weeks. The biggest win recorded was £640,721.

Time to Give them a Go

After reading this, it should be very clear as to why so many iGamers love playing the jackpot slots. The chances that they bring forward as well as the thrill and rush that brings, makes them one of the biggest markets in the online slot industry. There is no special technique to win yourself a jackpot, unfortunately no one has figured that out yet, but the tips above and choosing the right game will help you out a lot.

3 tips for betting on sports at bookmaker websites

Gone are the days where bookies were shady figures with pagers and car phones. With the legalization of sports betting in more and more states, bookmaker websites are the next big thing in sports. Make the most out of your March Madness, Monday night or lazy Sunday afternoon by adding an element of betting excitement to your favorite sports.

Whether you prefer basketball, baseball or football on your online bookmaker platform, you’ll find every major sport (and niche sports). Depending on the season, most attention will go towards football, hockey, baseball, or basketball, but the year-round soccer competitions worldwide are also included in the bookmakers’ offers. Regardless of your sport(s) of choice, there are three tips every sports better should take to heart and that will elevate your sports betting and watching experience.

Keep an eye on the bonuses

With the rapid expansion of the American market, online bookmakers are quick to add a bonus for new players. These bonuses give you a chance to really leverage your knowledge and play with the bookmakers’ money. The most popular of these bonuses is the no deposit bonus, which gives you playing money (and real winnings) without ever using your credit card.

Other popular bonuses include parlay bonuses, where a certain combination of bets gets an increased payout, and a deposit bonus, where your deposit is matched by the bookmaker with a certain percentage. A 100% deposit bonus means your $ 100 deposit gives you $ 200 to play with.

Choose a reliable bookmaker

Perhaps more important than the bonuses you receive is the reliability of the sports betting website you choose. Aside from general security concerns such as handing over your credit card information, bookmakers can have hidden terms and conditions that prey on players. After unknowingly breaking one of the vague rules, the bookmaker will confiscate winnings and your deposit, leaving you with nothing.

There are two main ways to find a reliable online bookie: reading all the terms and conditions and diving into the lawfulness of sports betting in every state, or reading reviews by others who’ve done the research for you.

Only bet on sports that you understand

Although you can bet on every sport imaginable (and some sports sure seem imagined), it’s best to stick with what you know. Professional sports betting players use their specialized knowledge to find a discrepancy in the odds and their intuitive outcome. That gap gives you an edge as a player. If you don’t have the knowledge, you leave the edge with the online bookmaker, giving you worse odds than you even realize.

Recapping the 2021 NBA Season

Recapping the 2021 NBA Season

What a wild NBA campaign we had witnessed in 2020-21. There has been craziness every day, star players emerging out of the left field, and some wild trades being made. Let’s look back at some of the highlights.

THE LATEST ON SPORTS AND COVID-19

Julius Randle, Superstar

Nobody took the Knicks seriously two summers ago. They whiffed on Kyrie Irving and Kevin Durant, who opted to play for the Brooklyn Nets. They failed to land the #1 pick in the lottery and ended up with RJ Barrett instead of Zion Williamson.

And they signed five big men. One of whom was Julius Randle. He had been good before, but never GREAT. What he has done for New York this year, making them a playoff team and upping his averages across the board, has been incredible. He is now a bonafide star and a legitimate building block for the future.

He proves people wrong every day. He is a top NBA player. An All-Star, and likely the most-improved winner.

Nets Acquire James Harden, Go Small

Brooklyn entered the year with Kyrie Irving and Kevin Durant in tow. The roster looked good enough to be a winner. About a month into the season, though, they were part of a wild four-team trade. Jarrett Allen would be shipped out. Victor Oladipo would switch teams. And the team had to part with its beloved budding star Caris LeVert to make it happen.

They acquired an unhappy James Harden from Houston. And there was a stretch earlier in the year where he led them to a 16-1 record over a 17-game stretch, with rare appearances from Kyrie and 0 from Durant.

The team now has a big three, and come playoff time when they are all healthy, they will be pretty much unstoppable.

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The Return of Steph Curry

Nobody is truly surprised by how well Stephen Curry is playing this year. But, the fact that he is putting up incredible numbers every single night is telling. He doesn’t need stars around him like Kevin Durant and Klay Thompson (get well soon) to put up big numbers and guide his team to victories.

The record hasn’t been great, but the Dubs are destined for the play-in tournament. Curry is averaging an NBA-best 31.3 points per game. He’s making north of five triples per game. And he leads the league with eight games of over 40 points. Only playing in five games last year did nothing to keep him from returning to greatness.

Jazz and Suns Leading the Pact

When asked who they expected the best teams to be this year, many answered with the Lakers and Clippers. Some may have said the Nuggets. The 76ers, or Bucks. But, who has the best record in the league? The Phoenix Suns and Utah Jazz have been the best teams in the league, record-wise.

The Suns went 8-0 in the bubble a season ago and then proceeded to trade for Chris Paul. It may have been pre-destined. But snapping a 10-year playoff drought by having a 46-19 campaign with seven left? Incredible.

Utah blew a 3-1 lead in the first round of the playoffs. They got Bojan Bogdanovic back after he was out from March 2020 onwards and brought Derrick Favors home. That was really all they did. But, here they are. Armed with weapons and dangerous on both offense and defense.

The road to the finals will still be a brutal one, but both Utah and Phoenix went from ‘capable of consistent wins’, to real contenders.

We hope you enjoyed our look back on the 2021 NBA season. But, in case you missed it, take a look at our last article … Look Back at the 2021 NCAA Tournament.

Bookie Know How

Some people believe that all bookies make huge profits each month. Many professional punters beat the bookies, but sportsbooks earn huge sums of money when amateurs lose bets.

So, it is necessary to understand the mathematical and statistical principles that bookies use. Read on to learn more about bookies.

Balancing the Book

Sports enthusiasts believe that for one to be a bookie, they should have experience in laying bets. Some bookmakers record bets in a ledger.

They lay possible outcomes on various events in a format that will assure them of making a profit if any outcome occurs. The bookie sets precise odds for different outcomes and has a particular profit margin for each outcome.

Bookies need to adjust odds as the betting market changes. For example, if the odds of a bookmaker have a huge difference with those of another betting firm, it will make the market uneven as many punters will choose the bookmaker that has better odds as it will give them a mathematical advantage. So, bookies often give similar odds for the same sports events to balance out one another.

Punters' betting preferences influence bookmakers when they set odds. For example, if a large percentage of players bet on one team, bookies will reduce their odds and increase those of the other team to balance the book.

Backing and Laying

Back and lay options are common in betting exchanges. You need to convince another gambler to lay a bet for you to back a certain possible outcome. Betting exchanges allow pundits to lay and back one another.

They earn a commission from each trade that punters make. In the past, pundits visited brick-and-mortar bookmakers to back and lay bets against each other.

The Functions of Odds Compilers

Odds compilers watch the betting markets daily. It helps them predict the likelihood of certain outcomes, including the first team to score, the full-time winner, and the total number of corners.

The compilers set odds based on the opinion of the public majority. They understand the basics of various sports and ensure that each odd has a profit margin for the bookie.

The Importance of a Bookie's Business Model

Generally, bookies need to make an equal amount of money from all outcomes to balance the ledger. They avoid having a 100 percent breakeven point as it will reduce their profitability.

If, for example, a bookie overestimates the probability of two outcomes by 2.38 percent each, it will have a 4.76 percent profit margin. So, if it takes $50 on each outcome for its ledger to balance, it will pay $95.50 for the winning bet.

Juice, Vig, and Overround

When a bookie adds the implied probability of odds of each possible outcome, it will have a total of over 100 percent. Any amount that is above 100 percent will be its profit and is often called the house edge or overround/juice/vig.

Compounding

Many bookmakers aren't content with a 3 percent profit margin. They devise new tricks to increase it, including giving several selections like accumulators, trebles, and doubles.

Accumulators have a high overround and payouts. Therefore, bookies like them as it is tricky to make over three accurate predictions in a combo bet.

Betting Promotions

Bookmakers face stiff competition from other bookies. Some of them offer bonuses and promotions to keep existing clients and attract new players. But, most bonuses have certain betting requirements that you need to fulfill to claim them.

You can wager with a welcome bonus several times and convert it to cash once you make a rollover. Also, check various websites frequently to find other offers.

Bookies rely on backing and laying, implied probability, over-round, and odds compilation to make profits. They often start operating with few betting options, and they gradually increase them when more players visit their sites. A bookie can give bonuses and promotions once its cash flow improves.

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