Canada Sports Betting May Not Be What it Seems

Technically it is illegal in Canada to bet on single sports games so the most popular kind of Canada sports betting is called Pro Line. The gambler is actually betting on the outcome of a number of different games which is called a parlay. In order to win, the better must win all the games that they are betting on. The advantage is that the payout can be quite high if the parlay is successful. Far more often, it is not and you lose your money.

Exploring Bethereum's Competitive Advantages in the Online Betting Industry  | by Michael Luchies | Bethereum | Medium

The major criticism to the Canadian sports betting system is that the odds are not considered to be fair. It is generally accepted that in Nevada the vigorish is around 110%, depending on how you define it. This means that the casino or bookmaker would pocket somewhere around 10% of all bets placed 먹튀사이트 조회. It is thought that the vigorish for the Pro Line system is somewhere between 150% and 300%. Obviously that does not translate into very good odds and it is the reason why many Canadians do not even use the Canada sports betting system.

The NBA season is one of the most popular sports events every year and is eagerly awaited by millions of fanatics around the globe. Once the opening season is just around the corner, anticipation runs high and the excitement is at a fever pitch. Fans await for the release of the NBA Vegas odds. And once they hit on the public awareness, speculations and predictions will start up the sports online betting on a high note.

As the NBA season is fast approaching, the sports books on various casinos and online gambling sites across the web will stand in wild anticipation and the NBA Vegas odds would become a much more serious matter. To some, betting for sports is just a hobby but to others, it is their livelihood.

Let us examine the upcoming game between the Miami Heat and the Boston Celtics which will start in a few hours. The NBA spread for this particular contest is -2.5 in favor of Miami as listed in a couple of online gambling sites. That figure would tell anyone who is betting for sports that Miami is the favorite to win the game by 2.5 points. So, if you bet on Miami, the winning margin must be greater than 2.5 points in order for you to win the bet. Therefore, Miami should have to win by 3 points or more. Should it fails to do so and wins by only 2 points or less (or loss the game), you would lose your bet.

On the other hand, if the Celtics lose by 2 points or less (or wins the game), you win the bet if you happened to place a wager on them. But if they lose by 3 points or more, you lose the bet outright. In this case, the NBA spread was set so that the eventuality for the game to become a push is entirely eliminated. This definitely assures that there will be winners and losers only. There will be no in-between since a winning margin of 2.5 points does not exist in NBA games.

Until the turn of this century it was only possible to bet with a bookmaker or on course through the Totalisator (Tote) system. However, with the launch of the online betting exchanges such as Betfair and Betdaq that all changed.

The Exchanges allowed punters to wager against each other and completely cut out the traditional high street and on course bookmakers. This has led to an explosion of systems, software and how to books to supposedly help you profit from Exchange betting.

Whilst the Exchanges are an attractive proposition for those that want to lay horses to lose they do need punters who will oppose their view. The main way that they achieve this is to offer better odds than you can get from the traditional bookmaker. On average the Betfair odds tend to be around 20% higher than the starting price (SP).

This means that if you lay a horse to lose you are carrying a greater liability than a mainstream bookmaker would be for a bet on the same horse. The second problem is that the betting exchanges are not charitable institutions and they have to make a profit to survive. They do this by charging a commission on all successful bets and this is usually in the region of 5%.

The final draw back especially for layers is that there is no credit on the exchanges and all your liabilities have to be covered by money you have already deposited. For instance if you have transferred £100 to the exchange you could lay a horse for £10 to lose at 10.0 because your liability would only be £90 however you could not do the same bet for a horse priced at 12.0 as the liability would be £110. You should note that on the exchanges the stake money is always included in the odds so 10.0 is the equivalent of 9/1.

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