winning a bet

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Arnexense
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winning a bet

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winning a bet

In those times, you must remember to have fun, stay analytical, and follow our advice to give you the best chance of making a profit.Rule number one of football betting is that the punter must gather as much information as possible before placing a bet.Would you rather place £10 on a single bet which returns a £12 profit, but has a 92% chance of winning, or place two £5 bets on sixteen-team accumulators which return £10,000 each, with a 1% chance of coming in?However, there is no fool-proof way because football is unpredictable and shocks happen. The favourite doesn’t always win, everybody has off days, and punters will often be out of pocket. There are no 100% guarantees in football betting.For more information on this you might like our post on focusing on losing less often.
However, to win at football, punters must follow a few certain rules.Whilst there are success stories of punters who won thousands from a 50p stake, most punters know the sinking feeling of a last-minute goal ruining their accumulator or the team at the bottom of the table picking up a surprise victory over the defending champions.The best advice we can give when gambling is, your first thought should be how best you can avoid losing rather than how much you will win if your bet comes in.If there was a fool-proof way of winning on football every time, bookies would go out of business and football betting would cease to exist.
If you are suffering constant losses betting on accumulators with the promise of a big return, maybe change the way you bet for the next period. Consider backing less teams in an accumulator or placing single/doubles/trebles bets which return a small profit.This is one of the many reasons why we provide team news to our members.Betting on football can be an extremely frustrating, and costly, pastime with many people wondering how to bet on football and win.Some people continue to place the same type of bet week after week, with the hope that one day their ship will come in.These factors can play a huge part in determining the outcome of a match. The favourites may not look such a banker now, with the chance of a draw or even a surprise victory for the underdog being much higher.

Some key terms to note that could lead to a refusal to pay include:Ideally the bookie should always notify you of the error and void the bet, giving you the chance to place the correct wager or not bother, however this isn’t always possible. Knowing about this rule should, at least, mean you are forewarned should you spot an error such as this. You’re well within your rights to try your luck but don’t be surprised if the bookie doesn’t pay up.However, let us now explain some of the occasions when a betting site may legitimately refuse to pay up. This is not exhaustive and there may well be some grey areas within these scenarios but at least by being aware of such eventualities you can perhaps better understand why your bookie has refused to honour your bet.A palpable error was the original bookmaking term for what is, essentially, a very obvious mistake. In 2008 IBAS called for a change in phrasing to make rules clearer, stating, “It should be replaced with ‘error, inadvertent error, or obvious error’, qualified through a definition” , and whilst some betting sites have taken that on board, now referring to, for example, an “obvious error”, the term palpable error is still commonly used within the industry.To illustrate what a “palp” is, it’s probably best to give an example and a common one might be where the odds are the wrong way round. In tennis, for example, a bookie may list Novak Djokovic at odds of 10/1 whilst the rank outsider is down as 1/15. This is plainly, obviously, a mistake, and betting regulations are quite clear that in this instance the bookie has the right to void the bet or, if they only realise once the bet has settled, pay out at the correct odds, rather than the inflated odds that should have applied to the outsider.
Another well known example applied to people who have placed bets on the Golden Boot market of major tournaments. At the 2012 Euros six players tied on three goals but by virtue of game time and assists Fernando Torres was awarded the Golden Boot. Bookies settled this differently but in general, bets on the Golden Boot were winners on Torres and losers on the rest, whilst bets on the tournament top scorer were settled under dead heat rules.It might seem that the only possible answer to the question, “Can A Bookmaker Refuse To Pay A Winning Bet?” would be a resounding “no”. But much as we’re on the side of the punter, the answer to this question is actually a big, potentially annoying “yes”. That might seem unfair, or even illegal, but there are in fact a number of situations in which a bookie can and will refuse to pay a winning bet, and not only is this legal, we would also argue it is fair too.Now, let us say this; we’re not talking about a bookmaker welching on a bet, refusing to pay because they feel like it, going bust and being unable to pay or inventing some spurious technicality. Clearly, there may be times when a bookmaker refuses to pay and they are in the wrong, and whilst this happens so infrequently as to hardly be worth mentioning, there are various bodies, including IBAS, the Tattersalls Committee and the UK Gambling Commission, to whom an unhappy punter can turn.One Account – especially if you are using a free bet or offer, note that most bookies only allow one account per person, household or shared computer. Free Bet Abuse – using various systems, such as backing multiple outcomes of the same event with free bets to guarantee a profit, could lead to the bookie refusing to pay. Official Result – most bets settle according to the result announced immediately, meaning that if the person or team you bet is subsequently “promoted” to winner due to a technicality, you may not be paid as a winner. Related Contingencies – although this could fall under a palpable error, it’s also contained within bookies’ rules. If you place a bet as an accumulator when in fact the various legs are related, for example you bet on Wayne Rooney to score first at 7/1 and Man United to win 2-0 at 8/1, the bookie can refuse to pay, certainly at the odds you expect. Rather than a £10 “double” paying £560, you would in fact get the single bet “Rooney to score first and 2-0” at closer to 15/1. Most bookies websites are capable of identifying these kinds of connections and won’t allow such bets to be placed, but some of the more obscure relations between bets may not picked up.
Perhaps the simplest, most obvious example of a bookie refusing to pay comes when your bet hasn’t actually won! As ever though, grey areas abound. Whilst you might think your bet won, the bookie might disagree. One famous example of this concerned Sam Oldham’s proud grandmother, who thought she had landed her bet on her grandson to win an Olympic medal. However, her bet was ineligible as Oldham won a medal in a team event, whilst it was argued the bet was for an individual medal.In our example above it would be clear to just about anyone who knew anything about tennis that the odds were wrong, however, frequently things are not quite so obvious. For example, a bookie might inadvertently advertise odds of 15/1 when they really meant 5/1. In this instance this is a legitimate error and more than likely the site would refuse to pay, but it’s easy to see why a punter would be upset, especially if they weren’t aware that other bookies were only offering odds of around 5/1.There are a range of ways you might beach the terms and conditions of a bookie that could legitimately lead to them refusing to pay up. As we often say, bookies, at least the top notch ones we work with, do not have terms and conditions to catch you out or to avoid paying up. They are there simply to provide a framework for both sides to work within and assuming you are being honest you’re very unlikely to fall foul of said terms and even less likely if you read them. Admittedly, few people read every line of small print – there are better things to do in life, that’s for sure – but even so, a quick skim of the basics should leave you safe from any nasty surprises.One final example, and the simplest of the lot, concerns technicalities such as whether own goals do or don’t count and whether a bet applies to 90 minutes or extra time too. To an experienced gambler these are basic rules but if you have ever celebrated when your first goalscorer bet seemingly came in during extra time of a 0-0 game, only to find the bookie won’t pay, you won’t be alone.

There is a big emphasis on brand loyalty in the betting business. Because it's such a competitive sector, companies will try and lure you to bet with them and only them.On the surface this would make sense. Nadal is the King of Clay and has won this very tournament a record-breaking eight times.If you do find yourself desperately wanting that long-shot bet on a Saturday afternoon, do not pad out your accumulator with odds-on selections. You're decreasing your chance of winning for next to no extra cash.It could also mean that a shop may boost the price of a player to score anytime from EVS to 6/5 between 12pm-3pm, for example.
A common mistake is the half time/full time bet vs to win both halves. If you put a HT/FT bet on, your team simply has to be winning at half time and then win the match.It's difficult to pinpoint the right time to place your bet because, unlike with horse racing, it’s not ‘best odds guaranteed’ on sports bets but it's usually best to do it on the day.Some will do this for the full day of the event itself. Others will boost a price for a set period at random points meaning unless you spend the day in the shop, you'll only come across these by chance.
This undoubtedly means that they are covering sports they might not know as much about as they would like.But why was Rousey at such a short price? Holm is a boxing world champion while Rousey’s striking is somewhat lacking. Rousey’s strength was her judo, yet Holm had defended 100% of takedowns going into this fight.

Correct Score.Anytime Goalscorer.Winning in sports betting is not easy but can be done with hard work, discipline, research, dedication, bankroll management and in depth knowledge about one or more sports.A betting stake is the amount of money you place on a bet.Match Result.
First Goalscorer.Bookmakers can refuse to pay out but do so very rarely, only in instances where they suspect and can prove foul play. It is always advisable to choose a reputable and trustworthy bookmaker before opening an account.First Crusaders Tryscorer.Betting odds are listed in three main ways, decimal odds, fractional odds and American odds. An odds calculation and conversion tool is essential in understanding how much you will win if your bet is a winner.
Full Time Result.Full Time Result.Anytime Goalscorer.When you win a bet the bookmaker will pay you out, which means adding funds into your account depending on your stake and the betting odds.

The bookmaker needs to estimate the true probability or chance of an outcome correctly in order to set the odds on display in such a way that it profits the bookmaker regardless of an event outcome. To support this statement, let’s look at the implied probabilities for each outcome of the 2015 ICC Cricket World Cup example.Using an example of decimal odds, a candidate has 2.20 odds to win the next election. If so, the implied probability is 45.45%, or.The odds on display never reflect the true probability or chance of an event occurring (or not occurring). There is always a profit margin added by the bookmaker in these odds, which means that the payout to the successful punter is always less than what they should have received if the odds had reflected the true chances.According to a study published in the Journal of Gambling Studies , the more hands a player wins, the less money they are likely to collect, especially with respect to novice players. That is because multiple wins are likely to yield small stakes, for which you need to play more, and the more you play, the more likely you will eventually bear the brunt of occasional and substantial losses.    Moreover, novices find it particularly difficult to do cognitive accounting and people often misjudge the variance of payouts when they have a streak of wins, ignoring the fact that frequent modest gains are eventually erased by losses, which are often less frequent and larger in size.
The math underlying odds and gambling can help determine whether a wager is worth pursuing. The first thing to understand is that there are three distinct types of odds: factional, decimal, and American (moneyline). The various types are represent different formats to present probabilities, which are also used by bookmakers, and one type can be converted into another. Once the implied probability for an outcome is known, decisions can be made regarding whether or not to place a bet or wager.There are tools available to make conversions between the three types of odds. Many online betting websites offer an option to display the odds in the preferred format. The table below can help convert odds with pen and paper, for those interested in doing the calculations by hand.Lastly, using the American methodology, Australia's odds to win the 2015 ICC Cricket World Cup is -250. Therefore, the implied probability equals 71.43%:As shown, the formula divides the stake (amount wagered) by the total payout to get the implied probability of an outcome. For example, a bookmaker has the (fractional) odds of Man City defeating Crystal Palace at 8/13. Plug the numbers into the formula, which is a simple matter of dividing 8 by 13 in this example, and the implied probability equals 61.5%. The higher the number, the greater the probability of the outcome.
Converting odds to their implied probabilities is perhaps the most interesting part. The general rule for the conversion of (any type of) odds into an implied probability can be expressed as a formula:It is not only important to back winners, but one must do so when the odds accurately reflect the chance of winning. It is relatively easy to predict that Man City will win against Crystal Palace, but would you be willing to risk $100 to make a profit of $61.50? The key is to consider a betting opportunity valuable when the probability assessed for an outcome is higher than the implied probability estimated by the bookmaker.The amount above 100%, the extra 4.76%, represents the bookmaker’s "over-round", which is the bookmaker’s potential profit if the bookie accepts the bets in the right proportion. If you bet on both the teams, you are actually risking $104.76 to get $100 back. From the bookie’s perspective, they are taking in $104.76 and expect to pay out $100 (including the stake), giving them an expected profit of 4.5% (4.76/104.76), no matter which team wins. The bookie has an edge built into the odds.Consider a casino. All of the details—including the game rules, music, controlled lighting effects, alcoholic beverages, and the interior decor— are carefully planned and designed to the house's advantage. The house wants you to stay and continue playing. Naturally, the games offered by the casino have a built-in house edge, although the house advantage varies with the game.



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