By choosing tennis as your chosen sport for betting, you’ve already given yourself an “edge” against people who bet on or offer odds on other sports. To use this “edge” to make money consistently, however, you’ll need to comprehend two fundamental principles first. Then apply the energy of mathematics.
It is sheer folly to put a golf bet (or a bet on anything) with a “traditional” bookmaker. The expression “You can’t beat the bookie” is axiomatic; you merely cannot beat the bookie over time. It’s since the odds are usually mathematically calculated in favour of the bookmaker. Everyone understands (or should know) that the bookie’s mathematical “edge” contrary to the punter is essential for him to make a profit so he can remain in business.
Computer technology has given rise to a new form of betting, known as “exchange betting” or “matched betting” ;.With “betting exchanges” there is no bookie to beat; put simply, there is no middle-man. Every punter bets against another punter or punters somewhere out there in the Internet ether. Any punter (or “trader”) can place a “back” bet that a player or team will win, and/or place a “lay” bet that a player or team will lose. Thus, any punter can decide to act as an ordinary bettor and/or as a bookmaker.
With exchange betting the odds are not set by a third-party or middle-man; they are set by the punters themselves, who place requests for odds of which they are prepared to put bets (if they wish to act as an ordinary bettor), or place offers of odds of which they are ready to lay bets (if they wish to act as a bookmaker).
While the “back” bettors gradually lower their requested odds and the “lay” bettors gradually raise their offered odds, the application on the exchange betting site matches all the back bets with the lay bets at the instant they coincide. The accounts of the “backers” or “layers” are then credited using their winnings automatically a couple of seconds after the conclusion of the function according to its result.
Obviously, the technology for providing this type of “fair” betting service must be paid for somehow. This payment is taken in the form of a commission on the punter’s net winnings on an event (or “market”). That is, commission is charged only on any positive difference between winnings and losses on the same event.
You can find very few betting exchanges available, however, perhaps since the exchange betting software is indeed complex and therefore costly. The giant among exchange betting those sites is Betfair, with about 90% of industry during the time of writing. Others would be the Global Betting Exchange (BetDAQ), ibetX, Betsson, Matchbook and the World Bet Exchange (WBX). Betfair is undoubtedly typically the most popular because it had been the first to ever offer this “perfectly fair” betting environment, and is trusted to perform accurately and instantly.
So, why does tennis betting offer you that “edge” over betting on other sports? The clear answer, though simple, is frequently overlooked even by people who bet tennis regularly. And if you’re someone who’s never bet on tennis, you’d most likely not have realized the significance of the tennis scoring system on the betting.
In tennis, however, the trailing player or team can lose the initial set 6-0 (possibly with a deficit of 24 points). That team may then win the second set by the most narrow of margins, 7-6 in a tie-break, winning the set by very few points (or even by winning fewer points than the opponents, an unusual but possible occurrence!).
This anomaly often includes a profound psychological effect on one or both sides, which affects the way they play for the next short while, and therefore also the betting odds requested and made available from punters on the match. This, however, is another part of tennis betting which may be the topic of another article. This article relates to the mathematical part of tennis betting and how exactly to win money with this knowledge.
The main element is never to be merely a “backer” or even a “layer”, simply betting on the final outcome of an event. Should you that, you’ll lose out over time, because there’s always a tiny difference between the “back” odds and the “lay” odds — there must be, otherwise there’d be no incentive for anybody to supply odds and there’d be no betting at all. Combine that with the commission you spend in your net winnings, and the “edge” is against you mathematically (although it’s much less great much like conventional bookmakers).
The trick to winning at tennis betting will be BOTH a “backer” AND a “layer”, but at different points through the event. That is another part of betting that distinguishes the exchange betting site from the standard bookie. At the betting exchange you are able to place a right back or lay bet anytime during the function, till the very last second or the final point. This is called “in-play” betting.
Because in-play betting is allowed, the odds for each opposing side change as the function progresses, according to the likelihood (as perceived by the punters) of just one side or another being the eventual winner. The secret is to put a right back bet on one side at certain odds and later place a lay bet on that side (or a right back bet on another side) at better odds as fortunes change and the odds swing in your favour. When you can achieve this, you’ll win your bet overall, regardless of outcome of the function — a real “win-win” scenario.
Why bet on tennis and not on other sports?
Besides Principle #2, explained earlier, tennis is great for such “swing” betting, since the odds fluctuate after each point is played. You can find therefore very many small swings to 1 side and then to the other. This doesn’t happen in soccer, for instance, because goals are very rare and a goal shifts the advantage suddenly and hugely to the scoring side.
The more possible outcomes there are to factor into the equation, the harder it’s to win. (Despite this obvious logic, soccer and horse racing remain the two most widely used sports for betting, probably for historical reasons. Tennis is already third in popularity, however, as more and more punters discover the fact that it is simpler to make money betting on tennis than on some other sport.)
Earlier it had been stated that the secret to winning at tennis betting will be both a “backer” and a “layer”, but at different points during the function, placing bets at เดิมพันไก่ชนออนไลน์ different occuring times during the function as fortunes change and the odds swing in your favour. This can be carried out with both “in-play” betting and “pre-event” betting.
One method used with in-play betting is named “scalping” ;.As its name suggests, scalping involves skimming a little profit by backing or laying at the right moment because the odds move slightly in your favour, perhaps when one player scores 2 or 3 consecutive points, and repeating the process again and again. The largest drawback of scalping is that it’s very time-consuming and fraught with mental and physical tension. Not just must you spend full attention to what’s happening through the match by live video broadcast, but you should also catch the right moments of which to bet, which is, actually, made impossible by the 5-second delay imposed by the exchange betting software between enough time you place the bet and enough time it’s accepted.
Mathematics do not lie!
There are certainly a few tennis betting “systems”, some purely manual, others using applications, some of which are enormously complicated. From the investigations of the writer (a mathematician), all of them require the input, at some point, of a “probability factor” by the bettor. This probability factor is usually the odds at which you want your “balancing” bet (the “lay” bet on the “backed” side or the “back” bet on the opposing side) to be triggered, providing you the “win-win” scenario mentioned earlier.
So, how do you determine the worth with this probability factor? That, dear reader, is the crucial point of the complete matter, the linch-pin that holds any exchange betting “system” together and determines whether it succeeds or fails, whether you win or lose.
Up to now, it seems, this probability factor has needed to be determined by the sheer experience of a few seasoned professional gamblers, or by trial-and-error guesswork by lesser mortals. Little wonder that so many punters lose or do not win around they could because they do not know the EXACT value needed seriously to optimize their bets!
Accuracy is of paramount importance when determining the probability factor, to be able to maximize the likelihood of winning consistently. A research on the Web for an instrument to calculate it proved negative. The writer therefore created one which encompasses not only all areas of exchange betting but in addition the peculiarities of the tennis scoring system, and named it the Abacus Exchange Betting Calculator, for want of an improved name. The probability factor is calculated to two decimal places, merely by entering the pre-event odds of both opposing sides, and has enabled the writer to create consistently significantly more than 10% benefit from tennis betting since Wimbledon 2009.