What is margin bookmaker
In this article, we’ll try without going into complex calculations toanalyze in the notion of the margin of bookmaker, and how to make thebookmaker.
Each bookmaker in their coefficients provides a percentage of onehundred percent of the earnings. No matter your bet wins or loses the bookmakerin any case remain with a profit. How does it happen?
Bookie, as if artificially, due to the odds (on favorite low odds on theunderdog more attractive) forces its players to bet on opposite outcomes about50/50%. But due to the fact that the coefficients laid down your percentage,the money received from the losing bets cover the payments for the winning bet,and plus is the percentage of stable earnings of the bookmaker. Therefore, apercentage that keeps the bookmaker is called the margin of the bookmaker. Tomake it even more clear consider a specific simple example.
There are two equal strength of the football team, that is, theprobability of a positive outcome and one second team about 50 to 50%. Considerthe formula for the coefficients
Therefore, odds on the outcome of the event would have to be K1=2 to winfor one team and K2=2 for the victory of the second team.
However, to earn, the bookmaker wants to leave 10% of your fee (margin),and the formula is in units of 0.9 is taken. Moreover, get
Quite simply, the bookie takes a cut of your winnings for the provisionof its services.
Margin we can indirectlyjudge about the seriousness of the bookmaker
The smaller the margin, the greater the amount should scroll on bets thatthe bookies make good money. Accordingly, we can say that the smaller themargin, the more people trust the bookie and bet in it.
The average level of margin in the bookmakers is in the range from fiveto 20%. Our domestic bookmakers are far behind their foreign counterparts, thatis, the coefficients lay much greater margin. This is likely due to less fiercecompetition in the post-Soviet space in the environment of gambling.
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