Bookmaking and betting – one of the most promising areas in the gaming arena. According to H2 Gambling Capital for 2017, betting brings 50% of the total income of online gambling. However, being in front of the choice of BC or what to give preference to? How are they different? What is in great demand and what is more profitable to open in your casino ?
To create a holistic view of these two concepts, consider each separately.
Bookmaker
The bookmaker's office is a gambling establishment that accepts bets on various sports events. BC evaluates the probability of each of the possible outcomes of a sporting event, assigning it the appropriate coefficient.
The bookmaker accepts bets on the outcome of a sports event according to a pre-calculated coefficient. There can be many outcomes: victory of the 1st team, draw, victory of the 2nd team. Each has its own coefficient, which can vary depending on a number of technical and marketing factors: injury of a key player, changes in the positions of team members, weather conditions, decrease in motivation of players.
What makes BK:
-calculation of coefficients;
-drawing up lines;
-acceptance of funds and payment of prize money;
-registration of coupons with the terms of the money bet.
If the player correctly predicted the outcome of the match-the office pays him the winning amount, otherwise - all funds are transferred to the bookmaker. It should be understood that the profit of the betting shop is formed not only due to losses, but also due to the correctly set coefficients. Thus, regardless of the results of a particular event, BC will remain in the black.
BC is a legally registered organization with a license. They are issued by special commissions, which are located in the countries where the gambling industry is allowed at the legislative level.
What is the coefficient in BC and how to calculate the potential amount of winnings?
Coefficient in BC-a value that shows the probability of an outcome in a particular sports competition, taking into account the margin of BC.
It is important to remember that winning the bet and the actual payout are different concepts.
You can calculate the amount of payment by the formula:
Ratio x bet amount = amount of payment
The amount of net profit for the player in case of winning is determined as follows:
Payout amount-bet amount
For example, for the upcoming football match Arsenal-Lokomotiv the office offers the following quotes: 1.75 (P1) – 5.55 (X) - 7.77 (P2). Then, in the case of wagering an Arsenal of $200, the potential” net " profit of the player will be:
$200 x 1.75-200 = $150
Tote
Sweepstakes appeared in the days of ancient Rome, when private betting on gladiatorial combat were in great demand. After a time, Toto spread to horse racing and other sports. The modern version of the rules, according to which players bet on the betting pool, belongs to Joseph Oller.
Sweepstakes – a special type of bets, which provides for the conclusion of a bet on the outcomes of several sports competitions at the same time.
The main feature of the sweepstakes is the absence of coefficients as such and betting on several sports events at the same time.
Winning Toto depends on the number of correctly guessed outcomes (P1, Draw, P2) or the definition of the exact score. Bettor's task: in the column next to each game to designate one of the three options for the possible results of the match.
The prize Fund is the total amount of bets of all participants, except for the 10% deduction to the organizer, which is then divided between all the winners. The Toto ratio is calculated individually for each draw separately. It follows that the more winners, the smaller the prize.
Suppose the sweepstakes consist of 14 sports events. The draw involves 100 people, each of whom made a bet of 20 rubles. Thus, the total circulation pool is 2000 rubles.
Taking away 200 commissions put to the organizer (10%), the amount that will be distributed among the winners – 1800 rubles.
Toto is a kind of betting, but there are very few separate land-based institutions or Internet resources that are focused only on Toto. As a special form of sports betting on the Russian market it is offered by the following betting shops:
Marathon;
Fonbet;
Parimatch;
Sportingbet;
1xBet.
Offices that specialize exclusively in sweepstakes, there are in such gambling capitals as Las Vegas, Monte Carlo and other gambling cities.
What is the main difference between BC and Toto?
The main difference between the work of the bookmaker and the betting is in the order of formation of winnings and the process of their further payment. Namely:
BQ. The procedure of the bookmaker office is as simple as possible. Bettor bets on the outcome of a sports event and waits for the results. If the bet works – win it. The amount of the prize depends on the exposed BC KEF. For example, in the match “Spartak” – “Dynamo” on the victory of the first team with a value of 1.5 the player put $100 and did not lose. As a result, the amount of his winnings was $150 in the absence of a Commission from the institution.
Tote. The algorithm for calculating the winnings in Toto is much more complicated. It depends on:
total number of participants;
the number of bettors that correctly determined the outcome of the games;
the total amount of all bets accepted.
The prize Fund in betting on the sweepstakes is the amount of all bets made, taking into account the calculation of the Commission in the amount of 10%.
In the ranks of the winners are credited players whose number of guessed outcomes reached the minimum allowable (the exact number is specified in advance in the rules of the draw). That is, the task of each player in Toto is to determine as many correct outcomes as possible. The size of the bet also affects the win.
Conclusion
The main difference between Toto and BC is that in the first case, the participants play against each other. Also, Toto provides no coefficients. In turn, in BC the main opponent of the player is the institution itself and the correct calculation of the coefficient is extremely important.
Today, the tote is less in demand among thrill-seekers than BC. No coefficients strong dependence on other participants pushes seasoned betterof. However, to determine the choice of betting shop or Toto, the operator first of all needs to focus on its target audience: how much casino customers are interested in betting on the tote and what profit in the future should be expected. After analyzing the CA, the casino operator will be able to make the right decision and not go into the red.