The Power of Bookies & How Bookies Cheat PDF

The Power of Bookies & How bookies cheat with response to the most frequently asked questions about Bookmaking. The Power of Bookies & How bookies cheat Published by: Harrouds  Hello, we want to thank you for trusting us and also for encouraging us to m...

The Power of Bookies & How bookies cheat with response to the most frequently asked questions about Bookmaking. The Power of Bookies & How bookies cheat Published by: Harrouds  Hello, we want to thank you for trusting us and also for encouraging us to make more efforts and to tackle other subjects. We wish tou you good read.  The Power of Bookies & How bookies cheat People love betting, no matter if it's a friendly wager or the result of fierce disagreement, we really enjoy putting our money where our mouth is, we see a mediocre game and we sprinkle a little betting on top to spice things up, the moment you place your money on the table, the games not about team a and Team B, it's about you your skill and your hard earned money. What a feeling !! Until the game ends you're left standing their pockets empty, it seems your money prefers one-way trips to the bookmaker not necessarily because you don't know what you're doing, but because betting is not fair.  The Power of Bookies & How bookies cheat The way the system works bookmakers earn money with every single bet, and that's not because of match-fixing a good context with the lizard people, it's because bookies kind of cheat, so instead of teaching you how to amass incomprehensible riches by betting in this crazy negative pattern it's bound to win every time, I'll show you how to become the bookie and make money from other people's misfortune. Welcome to bookmaking 101.  The Power of Bookies & How bookies cheat Before you can rake in the big money's, you need to understand how to get an edge of unsuspecting betters, start with a fair bet coin toss, the chance that it lands heads up is 50% same for tails, so we just cook up some math magic to determine the odds, I'll show betters to pay out if they bet 100 and win they get back 200 ,twice a stake you can know the odds of a coin toss, but not the odds of a sports competition, nobody knows those what you do instead to come up with your odds let's make a guess, a data fueled algorithmic guess, but a guess nonetheless.  The Power of Bookies & How bookies cheat So there you have your fair bet only problem is, you don't want a fair bet, if you offer a coin toss at 2.0 odds you'd never get to make any money, if peeps bet the same amount on both heads and tails they'd get their money back every time, if it's heads they lose half but get back double, if its tail's they lose half but get that double.  The Power of Bookies & How bookies cheat It always stays the same, what you'll do instead? is give your customers slightly worse odds let's say 1.8 congratulations!! you just tweaked the odds in your favor if peeps now wants about 50 on both outcomes through the power of bookmaking, they'd only get back 90, and for every time they make a bet you park at 10%, the more you know of the Arts the more you stand to profit gaining a few percent per bet sounds like peanuts right but, if you accept thousands of bets a few percent from every one of those ensures you go plated on flex for the rest of your life.  The Power of Bookies & How bookies cheat Risk level: zero. you pay the winners with the money of the losers, and keep a small cut to yourself for the winners, it looks like you paid up their winnings from your pocket only you and the losers know the sad truth. The money that has been won was once this ripped from the hands forever. Now that you know how to ‘Make money’ , you need to learn how to not lose it again ‘Keep money’ , if you don't take care it's bye-bye superior looking but, unremarkable tasting cornflakes coin toss, 1.8 for both outcomes 1p bets 100 on heads and another one absolutely certain to win that's 200 on tails for you, this means trouble if it's heads you get 300 in bets, payout the winnings of 180 and keep 120 for yourself, everything cool !!  The Power of Bookies & How bookies cheat But, what if its tail's, the peep gets back 360. 60 of which you need to pay out of your own pocket, you actually lose money!! because you're not a charity you must always balance your book, what that means is no matter the outcome you want the payouts to be about the same in the case of a coin toss it's easy because you have identical odds, you only have to make sure that the amount spent on heads and tails are about equal in your cornflakes are safe, but in the real world, most people don't bet on coin tosses so different outcomes have different odds.  The Power of Bookies & How bookies cheat Let's go with 3.7 for red, and 1.2 for blue, incoming bets are 100 each so we have 200 in the pot if blue wins nothing impressive happens, the winners get back on 20 and you keep the remaining 80 but, if red wins you're left with your pants down, you have a pot of 200 but need to pay up 370 you could just refuse a few bets on red to bring about some balance but, that might not be the best idea instead why not just mess with the arts to tilt the playing field, if you make the Oscar at worse and the odds for blue better fewer peeps will bet on red and more will bet on blue you play around with the arts until payouts on both sides are in balance, trust me adjusting odds by hand is a lot of work, if only there were machine able to make thousands of calculations a second so it could adjust the odds automatically. maybe there is!!  The Power of Bookies & How bookies cheat Anyway if you have a bounce book doesn't matter whether someone wins or loses a bet, because you always win, what counts is not on what peeps bet or that they bet a lot, your job is maximizing betting activity, get creative, let people place live bet so they can bat even during a game, offer multiple bets with exhilarating arts but, laughably bad chances of winning let peeps cash out on the bets early so they can reduce their own winnings, the more they bet the more you gain, this means advertising like crazy TV ,and YouTube ads, web banners, sponsorships of teams, stadiums, leagues, and basically anything else you can plaster you log on to, make people hope for the big win, no matter how unlikely it is there's, always a tiny chance that they win some really implausible bets and make a lot of money.  The Power of Bookies & How bookies cheat Keep them optimistic, and wave crazy winds in their faces, show them what amazing things could be if they just gave it a try, make your customers believe even if that's a pretty foolish thing to do, tip the odds in your favor balance your book, and make people bet as much as possible. If you follow these three rules, you'll see that you really can get rich through betting, it only depends on the side you're on, in case you don't want to cheat people out of their life savings, but just wanted to know a few things about betting and bookmaking you learn those as well you.  The most frequently asked questions *Why is bookmaking illegal? Legality. Depending on the country, bookmaking may be legal or illegal and is often regulated.... Many bookmakers are members of IBAS, an industry organisation used to settle disputes. Bookmaking is generally illegal in the United States, with Nevada being an exception due to the influence of Las Vegas. *Do bookies lose money? In sports betting, bookmakers ensure they don't lose money by posting a line that splits public opinion. Bookmakers merely act as brokers; they have no vested interest in the outcome of the game. Bookmakers charge a fee known as vigorish, sometimes referred to as juice or the vig. *Can gambling make you rich? Yes, there are ways gambling can make you rich. Some of them involve skill, but all of them involve luck.... there are easier ways to make money, but some people love gambling and casinos so much that they're determined to use their hobby to get rich. *Can you make a living off gambling? If you want to make a living gambling you have to have a bankroll. All forms of gambling have ups and downs, and nothing you do is going to cause you to win all of the time. Your bankroll is the life blood of your gambling career. If you don't have any money to risk, you can't make any money. *How much money do you need to be a bookie? So if you have 10 to 20 players to start and they bet $500 to $1,000 a game you should have at least a 10k bankroll, because your players could easily get lucky the first couple of weeks and start off winning. Also, players that bet $500 to $1k a game can easily win a few thousand dollars a week. *Can you sue a bookie? You can sue someone over failure to keep their end of an illegal agreement.... If something happens, your only legal recourse is to fly to Europe to sue the bookie in person. *How do I win a bet every time? - Research Before Betting. Rule number one of football betting is that the punter must gather as much information as possible before placing a bet. - Remain Analytical.... - Profit is Profit no Matter How Small.... - Keep a Betting Record.... - Remember, You Will Not Win Every Time. *Why do bookies always win? The first reason why bookmakers are successful is because they take vig (a.k.a. juice) from the losing side of each bet. Juice doesn't guarantee that they win, but it does give them an extra advantage over gamblers.... Some bookies are notorious for charging more juice on the average wager *How does a bookmaker work? A bookmaker takes money in whenever they lay a bet to a customer, and they pay money out every time one of their customers wins a bet. The idea is to take more money in than pay out.... Bookmakers can't control the outcome of sports events, but they can control how much they stand to win or lose on any particular result. *What is the biggest parlay ever won? Biggest bet: Mattress Mack's $1.5 million online wager on the Astros to win the World Series. Biggest parlay payout: $229,276.50. One bettor placed a $200 wager on a 15-leg parlay that included NFL, NBA and NHL moneylines.3 janv. 2020 *How do bookies calculate odds? The betting company calculate the probability of each outcome occurring and then subtract the margin. If the real probability is 2/1 (3.0 in decimal, 200 in American) then the bookie will subtract their 5% margin and the real odds given will be 19/10 (2.90, 190). *Where do bookies get their information? There are a team of people employed by any bookmaker, usually referred to as Traders, Risk Analysts or Odds Compilers. Their job is to produce odds that closely represent the chance of an occurrence. It's a tough job to account for all the variables in any event. *How do you bet without losing? You could be forgiven for thinking it's impossible, but there are ways to place a legal no lose bet - with zero risk where you win whatever the outcome. The most successful way to bet that can't lose is known as arbitrage - a term that refers to any activity that can result in financial profit whatever happens. *Can gambling be a job? Gambling as a Full Time Job. Most people you speak to would probably say gambling as a full-time career is not a practical goal. However, a good number of people have successfully made a career out of gambling.... Granted, he has several ventures going, but he is predominantly known as a career gambler. What happens if u dont pay a bookie? A bookie won't kill you. If they kill you, how else are they going to get their money. They'll fukk your day up, though. A bookie won't kill you Who are the biggest bookmakers? Largest Online Bookmakers Bet365. www.bet365.com. Number of customers: > 34 000 000.... Unibet. www.unibet.com. Number of customers: > 16 000 000.... Bwin. www.bwin.com. Number of customers: > 10 000 000.... Parimatch. www.parimatch.com.... William Hill. www.williamhill.com.... Betfair. www.betfair.com.... Sportingbet. www.sportingbet.com.... 1xBet. www.1xbet.com.