# How exactly to Get Started With Sports Betting

As I write this, I'm nursing a tiny sore head and an empty wallet. In the last a month I've lost almost £30,000 spread betting for about an hour or so per day five days a week. So I were able to blow around £1,500 an hour. That's really quite a chunk of cash. Actually, it's not exactly as bad since it looks. Fortunately, I was betting employing a few spread-betting companies'demo sites. They're simulations of the live betting sites that permit you to practice prior to starting betting with real money. I realise that I'm no financial genius otherwise I could have been rich long ago. However, the truth that I were able to squander so much money so quickly does pose the question - if spread betting seems really easy, why achieve this many people get completely wiped out extremely quickly?

UFA

It's 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 only 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 that he can remain in business.

Computer technology has given rise to a new form of betting, referred to as "exchange betting" or "matched betting ".With "betting exchanges" there is no bookie to beat; quite simply, there is no middle-man. Every punter bets against another punter or punters somewhere on the market 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 the 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 are not set by a third-party or middle-man; they're set by the punters themselves, who place requests for odds of which they're prepared to position bets (if they wish to behave being an ordinary bettor), or place offers of odds of which they are willing to lay bets (if they wish to behave as a bookmaker).

Because the "back" bettors gradually lower their requested odds and the "lay" bettors gradually raise their offered odds, the program on the exchange betting internet site matches all the back 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 finish of the function in accordance with its result.

Obviously, the technology for providing such a "fair" betting service should be taken care of somehow. This payment is taken in the proper execution 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 for a passing fancy event.

You will find hardly any betting exchanges in existence, 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 industry at the time of writing. Others would be the Global Betting Exchange (BetDAQ), ibetX, Betsson, Matchbook and the World Bet Exchange (WBX). Betfair is definitely the most used because it absolutely was the first ever to offer this "perfectly fair" betting environment, and is trusted to execute accurately and instantly.

The key to winning at tennis betting is to be BOTH a "backer" AND a "layer", but at different points throughout the event. That is another part of betting that distinguishes the exchange betting internet site from the original bookie. At the betting exchange you are able to place a back or lay bet anytime during the big event, till the very last second or the final point. This is recognized as "in-play" betting.

Accuracy is of paramount importance when determining the probability factor, to be able to maximize the likelihood of winning consistently. A search on the Web for something to calculate it proved negative. The writer therefore created the one that encompasses not just all areas of exchange betting but additionally the peculiarities of the tennis scoring system, and named it the Abacus Exchange Betting Calculator, for want of a better 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 more than 10% profit from tennis betting since Wimbledon 2009. As a parallel test, the writer also placed bets according to "gut feeling", in sufficient numbers to establish a trend. It triggered a loss in 10% of the working capital  Other tests were done, utilizing the Abacus Exchange Betting Calculator, by betting on other sports where small odds swings occur, such as for example American Football, snooker and darts (very long matches only, otherwise the swings are too large). The outcomes here almost covered the commissions paid on winnings; so, it's not worthwhile.