By choosing tennis as your preferred sport for betting, you’ve already given yourself an “edge” against people who bet on or offer odds on other sports. To make use of this “edge” to generate income consistently, however, you’ll need to understand two fundamental principles first. Then apply the power of mathematics.
It is sheer folly to put a tennis bet (or a bet on anything) with a “traditional” bookmaker. The expression “You can’t beat the bookie” is axiomatic; you simply cannot beat the bookie over time. It’s since the odds are always mathematically calculated in favour of the bookmaker. Everyone understands (or should know) that the bookie’s mathematical “edge” against the punter is required for him to create a profit so that he can stay in business.
Computer technology has given rise to a fresh form of betting, known as “exchange betting” or “matched betting” ;.With “betting exchanges” there’s no bookie to beat; in other words, there’s 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 being an ordinary bettor and/or as a bookmaker.
With exchange betting the odds aren’t set with a third-party or middle-man; they’re set by the punters themselves, who place requests for odds at which they’re prepared to put bets (if they wish to act being an ordinary bettor), or place offers of odds at which they’re ready to lay bets (if they wish to act as a bookmaker).
Whilst 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 trunk bets with all the lay bets at the instant they coincide. The accounts of the “backers” or “layers” are then credited with their winnings automatically a few seconds after the end of the big event in accordance with its result.
Obviously, the technology for providing this type of “fair” betting service must certanly be taken care of somehow. This payment is taken in the form of a commission on the punter’s net winnings on an event (or “market”). That’s, commission is charged only on any positive difference between winnings and losses on a single event.
You will find very few betting exchanges available, however, perhaps since the exchange betting software is so complex and therefore costly. The giant among exchange betting the websites is Betfair, with about 90% of the marketplace during the time of writing. Others will be the Global Betting Exchange (BetDAQ), ibetX, Betsson, Matchbook and the World Bet Exchange (WBX). Betfair is definitely typically the most popular because it absolutely was the first to ever offer this “perfectly fair” betting environment, and is trusted to execute accurately and instantly.
So, why does tennis betting offer you that “edge” over betting on other sports? The solution, though simple, is often overlooked even by people who bet tennis regularly. And if you’re someone who’s never bet on tennis, you’d probably 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 can then win the 2nd 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 compared to opponents, an unusual but possible occurrence!).
This anomaly often includes a profound psychological effect on a single or both parties, which affects the direction they play for the next few minutes, and therefore also the betting odds requested and provided by punters on the match. This, however, is another part of tennis betting which may be the subject of another article. This information relates to the mathematical part of tennis betting and how to win money with this specific knowledge.
The main element is never to be only a “backer” or even a “layer”, simply betting on the last outcome of an event. Should you that, you will lose out over time, because there’s always a small difference between the “back” odds and the “lay” odds — there must be, otherwise there’d be no incentive for anyone to supply odds and there’d be no betting at all. Combine that with the commission you pay on your own net winnings, and the “edge” is against you mathematically (although it’s never as great as with conventional bookmakers).
The secret to winning at tennis betting is usually to 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 traditional bookie. At the betting exchange you can place a right back or lay bet anytime during the big event, right until ab muscles last second or the last point. This is recognized as “in-play” betting.
Because in-play betting is allowed, the odds for each opposing side change as the big event progresses, based on the likelihood (as perceived by the punters) of just one side or one other being the eventual winner. The secret is to put a right back bet on a single side at certain odds and later place a lay bet on that side (or a right back bet on one other side) at better odds as fortunes change and the odds swing in your favour. When you can achieve this, you will win your bet overall, whatever the outcome of the big event — a genuine “win-win” scenario.
Why bet on tennis and not on other sports?
Besides Principle #2, explained earlier, tennis is ideal for such “swing” betting, since the odds fluctuate after each and every point is played. You will find therefore lots of small swings to one side and then to the other. This doesn’t happen in soccer, as an example, because goals are so rare and a target shifts the benefit suddenly and hugely to the scoring side.
The more possible outcomes there are to factor to the equation, the more difficult it’s to win. (Despite this obvious logic, soccer and horse racing remain the 2 hottest sports for betting, probably for historical reasons. Tennis has already been third in popularity, however, as more and more punters discover the fact it is simpler to generate income betting on tennis than on some other sport.) เว็บเดิมพันไก่ชนที่ดีที่สุด
Earlier it absolutely was stated that the trick to winning at tennis betting is usually to be both a “backer” and a “layer”, but at different points during the big event, placing bets at different times during the big event as fortunes change and the odds swing in your favour. This can be done with both “in-play” betting and “pre-event” betting.
One method used with in-play betting is called “scalping” ;.As its name suggests, scalping involves skimming a little profit by backing or laying at exactly the right moment while the odds move slightly in your favour, perhaps when one player scores 2 or 3 consecutive points, and repeating the method again and again. The largest drawback of scalping is it is very time-consuming and fraught with mental and physical tension. Not only must you pay full attention to what’s happening through the match by live video broadcast, but you have to also catch exactly the right moments at which to bet, that is, actually, made impossible by the 5-second delay imposed by the exchange betting software between the full time you set the bet and the full time it’s accepted.
Mathematics don’t lie!
There are certainly a few tennis betting “systems”, some purely manual, others using software packages, 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 generally 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 of the 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 if it succeeds or fails, whether you win or lose.
Until now, this indicates, this probability factor has needed to be determined by the sheer connection with a few seasoned professional gamblers, or by trial-and-error guesswork by lesser mortals. Little wonder that so many punters lose or don’t win as much as they could because they do not know the EXACT value needed to optimize their bets!
Accuracy is of paramount importance when determining the probability factor, to be able to maximize the chances of winning consistently. A research on the Web for a tool 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 called 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 make consistently more than 10% benefit from tennis betting since Wimbledon 2009.