5 Things Your Bookmaker Will Never Tell You About Betting

bookmaker betting misconceptions

4 minutes

Posted by: David

Although the definition of what the term “bookmaker” includes has changed significantly over the years, we still use it when discussing the betting shop or website we’re placing bets at.

When you constantly bet at your favorite venue or your preferred online betting platform, you tend to develop a more personal connection with the business.

But, although you might grow an individual attachment to the sportsbook, it, unfortunately, doesn’t do the same. Moreover, there are some significant things it will never tell you directly.

On this page, we’ll share with you the five most important things your bookmaker should tell you but never will, which should help boost your bankroll.

Odds Don’t Always Reflect True Chances

Of course, when a sportsbook drafts odds for matches and events, it does so by carefully reflecting on all of the factors that impact the probabilities of each team or player winning the match.

That said, the process of odds’ making is much more complex and sophisticated than this. Often, bookies shift the odds based on how much money pools once the bets hit the market.

For example, let's say Barcelona plays Real Madrid at home, and the odds are 1.7 to 2.1. If too many bets come in for Real Madrid, the bookie might increase Barcelona’s odds to 1.9 to attract more bettors to place bets on them.

They do so because they want to even out the money and always come out in the positive, no matter which team wins.

There is nothing shady about this strategy – it’s just good business. Whether you play on bet bet Ghana sites or at international bookmakers, this is one thing that never changes.

The same principle applies to moneyline bets as well. Bookmakers always know which side they should lean on and know how to manipulate the market to get the lines that make them the most money.

Understand betting odds

Always remember, no matter the outcome, a bookie’s primary goal is always to guarantee maximum profitability.

Prop Bets Are Sucker Bait

From the bettor’s perspective, prop bets can be an exciting activity to make the overall betting experience more enjoyable.

From the bookie’s perspective, it’s a foolproof way of making money off of unsuspecting customers.

So, why is this the case?

It’s simple, as the answer lies in the fact that you’re overpaying no matter which side of the prop you go for.

Let’s take a look at a simple example. Let’s say you’re betting on an over/under on the number of total games in a Wimbledon final match. Both sides of the prop bet are set at 1.85.

You might think that you can predict the outcome based on any existing information, but this is very unlikely. And, even if you do, since the bookie is the one giving the odds, it always has the edge.

You See the Bets They Want You to See

In today’s overly-marketed world, this one should be pretty blatant. However, it still manages to go unnoticed by many sports bettors.

If you see adverts or get pop-ups on the bookmaker’s website for a great bet, a good rule of thumb is to avoid it entirely.

Bookies pick bets to show you

Remember, the bookies are always in it to make money. They’re not advertising a particular match or event because they want you to take the opportunity of making an easy profit.

Having this in mind will help you save a lot of money you would’ve otherwise placed on bad bets. This is something most serious bettors understand, just like the best poker players are privy to certain secrets that most amateurs don’t know about.

They Don’t Care For Your Results

It’s important to remember that your bookmaker doesn’t care if you win or lose. While you might think that most bookies are out there trying to squeeze as much money out of their customers’ pockets, the reality isn’t so nefarious.

In actuality, the bookmaker will always set up the situation to win money regardless of how many players win or lose.

So, when push comes to shove, you’re not really going up against the sportsbook in a win-or-lose scenario.

The bookie always collects at least a small profit margin, while the losing bettors pay out the winning ones. The bookmaker seldom has any of its money on the line.

There Are Always More Losing Players

Although sportsbooks are presented as fun entertainment outlets that promise massive wins, the reality is often disappointing.

For every dozen bettors that are winning their bets, ten dozen more unsuccessful bettors have lost their money. This is understandable, as most sports bettors don’t really understand the bets and are primarily betting from a sports fan perspective.

Of course, your bookmaker will never tell you this, and from their perspective, why should they?

They are in a business where the overwhelming majority of their customers consistently put money into their bank account.

The best way to combat this is to make sure you learn as much as possible and only place intelligent and logical bets that maximize your winning odds.

Read more

View all
digital revolution online roulette
best social casino games
can casino games be solved
improve poker without strategy

Copyright © My Poker Coaching.