English Premier League
Aston Villa (Home) vs Chelsea(Away)
Handicap
0.25(1/4):0
Above shows the odds for soccer on online gambling website.The league that the betting is for English Premier League which is Aston Villa on home ground versus Chelsea on away ground.
The odds for that match will be Aston Villa get 0.25 from Chelsea which mean if the game is draw,the people who bet on Aston Villa will win half of their bet and who bet on Chelsea will lose half of their bet.
Showing posts with label betting. Show all posts
Showing posts with label betting. Show all posts
Spread Betting
Spread betting refers to any types of wagering on the outcome of an event, where the pay-off is based on the accuracy of the wager, in another way the betting rather than a simple “win or lose” outcome, which is known as money line betting. Spread betting is not a type of online gambling but it does relate with gamble.
The general purpose of spread betting is to create an active market for both sides of a wager, even if the outcome of an event may appear a priori to be biased towards one side or the other. In a sporting event, for example, a strong team may be pitted against a historically weaker team. Persons betting on the event normally would be likely to favor the better team, to such an extent that there would be very few, if any, betting on the team perceived to be worse.
The use of a "point spread" evens out the market towards an equal number of participants on each side of the wager. This allows a bookmaker to make a market by accepting wagers on both sides of the spread. The bookmaker charges a commission and acts as the counterparty for each participant. As long as the number of participants on each side is roughly equal, the bookmaker is unconcerned with the actual outcome; profits instead come from the commissions
The general purpose of spread betting is to create an active market for both sides of a wager, even if the outcome of an event may appear a priori to be biased towards one side or the other. In a sporting event, for example, a strong team may be pitted against a historically weaker team. Persons betting on the event normally would be likely to favor the better team, to such an extent that there would be very few, if any, betting on the team perceived to be worse.
The use of a "point spread" evens out the market towards an equal number of participants on each side of the wager. This allows a bookmaker to make a market by accepting wagers on both sides of the spread. The bookmaker charges a commission and acts as the counterparty for each participant. As long as the number of participants on each side is roughly equal, the bookmaker is unconcerned with the actual outcome; profits instead come from the commissions
Source:http://en.wikipedia.org/wiki/Spread_betting
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