Tag Archive: bookmaker

After overhearing a typical pub discussion as to who might e the faster, a man or a horse, the landlord decided to put the idea to the test. In 1980, the first annual Man vs Horse Marathon occurred, with the horse winnings with relative ease. But as the years passed, the runners started to catch up. Finally in 2002, a man emerged victorious. In doing so he claimed the total of all the annual prizes that had been gathering dust over the previous 22 years, amounting to a nice £25,000.

If you've ever visited a horse racing track, then you would have seen the bookies plying their trade around the course. On big race days, they are extremely busy. So it's easy to assume that being a bookie is a walk in the park, with untold riches waiting for those daring enough to try a new career. But the truth is rather more mundane. For the start, the set-up costs can be eye-watering. Then there's the constant competition, especially from the big boys, who have the power to undercut you.

Though no one can predict the future with 100% certainty, there are sports bettors who make a living from this unpredictable activity. How do they do it? Well, for a start by not falling for all the silly sports betting myths that are flying around over the internet. They put their heads down and thoroughly study every single aspect that could have a bearing on the game or match. They also understand how the sportsbooks work. The bottom line is that if you want to make bank, then study more.

You might be surprised at how many sports bettors think that sportsbooks make their money from losing bets alone. They are completely unaware that the winners also pay. This is the Vig. You can look upon it as the sportsbook's commission. And furthermore, you'll pay it on every wager you make. What's even more sneaky, is that the bookmakers actually control the odds you're betting on. In some ways, this is a form of market manipulation. It ensures that the sportsbook always ends up the winner.

All gambling, whether at the casino or sportsbook, is very much dependent on luck as opposed to skill. Because sportsbooks are a for-profit business, then it's virtually assured that the vast majority of sports bettors will lose over and over again. Of course, it's true many gamblers don't mind a flutter once in a while for a little fun. But other players will lose consistently. And more often than not, this is down to bad advice or believing in foolish and totally untrue gambling myths.