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how does sports betting work reddit

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ELI5:How does Sports betting work? : explainlikeimfive

I just read an article about how Vegas had the worst opening NFL Sunday and a lot of bookies lost money. I've always wondered what it meant to cover …

The Sports Betting Forum at Reddit - reddit: the front page ...

Step 1: Create a bankroll. A bankroll is a set amount of money that a gambler has set aside for wagering. 99.9% of winning sports bettors have a bankroll that is used strictly for sports betting. This roll can be $100 or $1,000,000 and the amount a player wagers is usually determined by the size of their roll.

how does this work, i didnt really know what to search for on ...

Welcome to the best online sports betting forum, dedicate to news, tips, picks and odds for all sports - Football to table tennis, small straight bets to huge parlays, slight favorites to big underdogs, all action is welcome here! 109k. Sports Bettors. 216. Online.

ELI5: How does sports betting work? : explainlikeimfive

ELI5: How does sports betting work? Other. 0 comments. share. save. hide. report. 50% Upvoted. Log in or sign up to leave a comment. ... help Reddit coins Reddit ...

How does the sports betting racket work? : thesopranos - reddit

Usually bookies "balance" their bets. They try to keep the action even on both sides (IE Notre Dame and their opponent) and then just take a ~10% cut on both sides. Like a stock broker taking a minor commission buying or selling stock for you. The stock broker doesn't care if you win or lose, just that you keep trading through him.

How does sports betting work : PokerStars_VR - reddit.com

How the heck does sports betting work? I bet pretty much all my money on the buccaneers and the chiefs, they both won. When I log on in my history it's marked as a "loss" and I'm out 100k+. what the hell?

r/sportsbook: the sports betting subreddit

The sports betting rules were drafted by the Commission following the passing of HB133 in April of this year. The legislation was the first of its kind to included cryptocurrencies as an acceptable deposit method for sports betting accounts. Now that the draft rules have passed through their initial 45-day public comment period and the notice ...

Fading the public : sportsbook - reddit

Lets say that there is 50-50 chance for team A or team B to win some game. The starting odds are for example 1.85 because house edge. So public goes and bets like 80% bets on team A, they lower the odds on team A to 1.65 and they lift the odds on team B on 2.00 (which is what the odd shouldve looked like in the first place).