How Does Work In Betting
In conditions of a tough competitive struggle for every dollar of gambling players, bookmakers try to take the forefront in developing new methods for increasing their profitability as technology develops. Former bookmaker analyst Stephen Harris will give you the top ten secrets of modern bookmakers, which they prefer to withhold from their customers.
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Observation of players accounts
Many bookmaker firms contain very expensive IT departments in order to have as much information as possible who exactly makes their bets and deal with customers who have several gaming accounts. The latter is called «multi-account», and this is most often done by professional players in order to set the amount of money they need, bypassing the limits. Bookmakers know where each bet is made, and limit everyone suspected of having more than one account. Tracking templates are tracked, and even home addresses are checked using Google services to find out the true information about the client. Times when one person could get himself a bunch of accounts for the names of fairy-tale characters and push through them a few highs on the right bet, have long ago become a thing of the past.
Monthly cutting
Bookmaker analysts have become observers for the odds on the Betfair Betting Exchange. But in order to prove that they are not in vain receiving their salaries, they now spend a lot of time discussing and laying out on the shelves of customers who attracted their attention. Typically, monthly meetings look at printouts from the top 100 players who have won or lost the most, as well as those with the largest turnover. Each of those caught in these lists are trying to classify. «Arber?» Puts on the advice of the cappers? Has the advantage over the line? Doesn’t everything play in a row, but specializes in something specific? If at least one of these questions is an affirmative answer, such a client is mercilessly cut by bet limits. The overwhelming majority of modern bookmakers have the mentality of the accountant, and the bookmaker analysts are now engaged in studying gamblers instead of those sports that are given in the line. It is much easier to take the «cleaver» and begin to cut the betting limits once every ten, or even a hundred, as the «arb-makers» usually do, than competently expose the odds.
Promotion of games with a large margin
The bookmaker industry is currently mainly engaged in promoting gambling with a high margin and attracting gullible players to make as many bets as possible in them. Again, it is much easier to pay 200 thousand bucks to developers of electronic roulette than to hire and maintain experienced analysts who will pant for the sake of extracting unfortunate 4% of profits from troubled markets. Why give yourself trouble and suffer losses from smart players who make bets for the sake of earning, when you can have a mathematically guaranteed profit, laid in the percentage of the return of colorful slot machines and roulette? The whole basis of the bookmaker business has abruptly changed, and the shops are trying to earn as much as they can, especially since taxes and licensing allowances are being ejected from their profits more and more.
Manipulating the bet limits
Players are becoming more sophisticated, and bookmakers try to keep up with them. An attentive fan of horse racing can notice that early in the morning the limits on his account are only a few dollars, but noticeably increase closer to the beginning of the event, when the coefficients on Betfair find their equilibrium values. Bookmakers who pay a five-digit dollar salary to an analyst who just finished college yesterday can hardly be firmly convinced of the flawlessness of their starting line (in fact, just copied early in the morning at the betting exchange), when there is still very little money on the market, and the odds are very easy manipulate. Later, when much is cleared up, there is more confidence in them, and maxima can be raised. From the same series, when the plus player at the races can cut the betting limits for horses five times, but allow to put almost unlimited amounts in the football Premier League (again, where the coefficients are already settled and are subject to purely market laws). The largest online bookmakers especially succeeded in this, sending large amounts of bets to where they have the greatest profit, and exotic sports and leagues using more as a showcase to attract players.
Bookmakers exchange information about customers
Bookmaker business — this is not the little world that he once was. In order to minimize taxation, betting shops are scattered all over the world, from Malta to Guernsey and from Costa Rica to Gibraltar. But the connections of bookmaker analysts of various companies, often familiar with each other, are becoming ever closer and are used to exchange key information about their customers: «- We have here Smith raised 15 pieces in amateur football, he just got lucky, or maybe he’s an arber?» «- Yes, he and we in the black for 18 thousand, we have cut his limits ten times and move the coefficients for his bets». Sometimes game accounts that have a stable plus on the races can be associated with certain stables: «Yes, every time he raises against the horses from Easterby, they lose, he raises a good deal on that, maybe he has some connections there». Cut his limits ten times or require confirmation by phone of each bet? … Note, last year he won 30 thousand, making bets on football in the course of matches, perhaps he puts on someone’s instructions. Such communication, to put it mildly, is questionable from the ethical point of view, in fact it is based on how many bookmakers do with the game accounts of their clients, searching and studying many of them in social networks.
Arbs/catching the best odds/preponderance over the line?
You’re in deep trouble. Once upon a time the author of the article worked in a large firm whose client was to win 30 thousand pounds sterling before he could cut the betting limits or at least begin to discuss it. This was considered fair, and sufficient to correctly determine who he is: a regular gambler who has fallen into the band of luck, or a competent professional who understands the coefficients and plays only those of them in which he sees preponderance. But these days have long passed, and nowadays almost all bookmakers try to get rid of the plus players. Speaking in a simple way, the current bookies do not work for you, but for the sake of extracting the maximum possible profit from you in the most effective ways for this. Whether you are really a gambler or not, few people care about because of the many paranoia that has staggered many companies about the terrible «arbers», which must be immediately blocked, no matter whether they are profitable or at a loss. Or, maybe you catch the best odds that have not yet fallen, and bet 26 that Betfair already costs 17, that bookmakers analysts hate no less. Analysts kick accountants if they suddenly miss some unprofitable client’s shop, so even a full looser in bets will be viewed with suspicion if he is at least a little lucky to win something, and the verdict will be immediate and tough. A long and careful study of the winning and losing streaks of the client is no longer practiced.
Recreational players — a new Klondike
Finding customers for whom the odds are secondary is the goal of all the major participants in the betting market at the present time. The main emphasis is on the players who try to guess the winner of the match, so it’s more interesting to watch on TV, and lovers to make long sheets of expresses on weekends is generally bread and butter for any online bookmaker. Such players are called recreational ones (that is, they are playing only for entertainment), they can be attracted and retained, offering higher odds, bonuses, free bets and even a part of the loss, which bookmakers are now spending huge advertising budgets.
Coefficients directly linked to betting exchanges
One large betting shop currently does not have a single analyst in the traditional sense. It simply uses technology that tracks Betfair betting odds, and automatically trims its line for them. This leads to the fact that the coefficient before the match can change a thousand times, which makes meaningless the existence of «arb» (which is one of the purposes), and also excludes the possibility for players to catch a bet with a better odds ratio than on the exchange. On the other hand, it discourages many customers who can’t approve their bet because the Betfair coefficient at this time constantly jumps back and forth. Such automation saves a lot of money and allows giving in a line hundreds of matches in such volumes that for manual processing would be an impossible task, especially in live. In addition, with its help you can come up with all sorts of attractive bets for entertaining customers for the seemingly large coefficients, for example, which of the players will score the next goal, or «Liverpool will win 6:0» with the current score 4: 0. In the odds for such events a very large margin and a minimum risk for the bookmaker are laid, but they look attractive for recreational players.
How Does Work In Betting Parlay
End to analysts
But this automation also led to the disappearance of qualified bookmaker analysts as a class. Twenty years ago, it was impossible to do without an experienced, well-balanced expert opinion and a good understanding of the chosen sports and client base. It was necessary to have a clear idea of what jumps or matches should be taken in full, and where it is better to be cautious and take only small bets. For this they paid a decent salary and an annual bonus of 20 thousand pounds, if the goals were achieved. Now bookmakers hire negligent students for the same 20 thousand a month to sit in Gibraltar pants for five years, after which they bring to the UK, tucked in their tails. They do not even need to monitor the Betfair coefficients — the machine does it for them. Their main task is to quickly cut bet limits to players who beat the Betfair line, marking them as «arb-makers». There are still a few excellent top analysts with 20 years of experience and thorough understanding of the matter, but they are increasingly being pushed aside, and they are forced to play by the rules of the company so as not to lose their positions. They can no longer afford to have their own opinion or stand out from the crowd (or play against this accursed Betfair line), and any slot machine brings the company more guaranteed profit than these analysts.
How Does Parlay Work In Betting
These and other factors lead to the creation of a Superbookmaker, as the largest companies are forced to merge into holdings in order to cope with ever increasing costs and taxes. Hundreds, if not thousands of ground-based points of acceptance of bets will inevitably close, as the main activity is now conducted on the Internet, and the society more and more moves from cash to non-cash settlements. That in the long term will lead to deterioration in the conditions for players due to a decrease in competition.