Guide to sports betting – National International Sports

These are also referred to as flexible rate bets. The punter creates the conditions that give him the chance to win a payout, and those conditions need to be met. There are countless possibilities in making proposition bets in sports, and it can prove profitable for punters who possess substantial expertise in a certain game.

Sports betting is typically performed through a bookmaker or via the internet. A straight bet is the most common type of wager. This type of wager is typically restricted to online betting sites.

It is estimated that over a million adults in Britain engage in sports betting in sports such as horse racing, football, golf, tennis, boxing, rugby, cricket, and motor racing. If any of the three teams lose, the bettor loses the parlay. A punter can predict the number of goals each team scores in a football match. Predicting sports results and placing a wager on the outcome has received greater media coverage in recent years.

In head-to-head bets, a punter predicts competitors’ results against each other and not on the overall result of the event. Thus, a punter can take advantage of teams that perform unusually well in the later stages of an athletic contest.

A bookmaker acts as a market maker for sports wagers.

A proposition bets is a wager made on a very specific outcome of a match. A “futures” wager involves long-term predictions on a team or player. That allows the operator to gain a profit regardless of which side wins or loses.

Sports betting is typically performed through a bookmaker or via the internet. It is made against the spread or line, which is a number assigned by the bookmakers which handicaps one team and favors another. Similarly, a teaser allows the bettor to combine his bets on two or more different games. In a parlay, a bettor can predict that three football teams will all win on a given Saturday. The resulting bet that is placed is won or lost only on the points scored by both teams in the second half only. However, if the punter is correct in his prediction, he receives a substantially higher payout. They assign odds and probabilities on m88 players, teams, and sporting events.. For instance, a punter can bet that a certain tennis player will win the Wimbledon championship in an upcoming season.

Parlays involve multiple bets and will reward a successful bettor with a large payout. If the bookmaker’s return percentage is 95 percent, then 95 percent of the amount placed on the winning result will be given back to bettors and 5 percent goes to the bookmaker.

Bookmakers usually assign prices in such a way that approximately the same number of bettors will choose either side. This type of wager is popular in race events such as motor racing and horse racing. If the player’s first selection complies with the condition (clause), then the second selection will have action; if the second selection complies with the condition, then the third selection will have action and so on.

There are other types of sports betting. The bettor can adjust the point spreads for the two games, but must get all the games correct to win and recognizes a lower return in comparison to parlays.

In totalizators, the odds change in real-time according to the betting trends and the return rate of the bookmaker offering the bet. The bookmaker accepts wagers on both sides, and maintains a spread which will ensure a profit regardless of the outcome of the wager. There are several types of bets. There are several types of bets.

An “if” bet consists of at least two straight bets joined together by an if clause which determines the wager process. Essentially, bookmakers price odds on the likelihood of one team winning against another by a certain margin.

Finally, in-play betting allows bettors to place new bets while a sporting event is in progress. For example, a bettor can predict that one racehorse or jokey will finish ahead of a rival in the Epsom Derby.…

How Web-based casinos are beating the odds –

There are too many other choices out there for players,” he said.

Starnet, for example, posted $1.8 million in sales for its most recent quarter and showed $248,000 in profit.

Last year, Starnet’s casinos group saw 6 million hits daily; the average spent per bettor visit was $200, he said.

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Even so, Starnet, which is based in Vancouver, B.C., is careful to do all bet-processing and money transactions on servers here to guard against Canadian and U.S. Instead of having to download fat software files before playing, users spend one to three minutes installing various Java applets, he said.

Managing risks — financial, legal and security — is what the business is all about. English Harbour Casino Ltd., on the southern tip of the island, uses Deloitte Touche LLP, while Boss Casinos employs PricewaterhouseCoopers.

Boss Casinos moved into a snow-white, five-story building — one of the tallest in this capital city — after Hurricane Georges blew the roof off its former quarters in September. Nash

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Starnet wouldn’t mind being a takeover candidate for land-based casinos: “Once the smoke clears, they will look at a company like us to get them online,” Bowering said.

Each of the 14 gambling executives interviewed by Computerworld claimed to be bringing a businessman’s order to the largely untested world of Internet wagering.

And Amazon.com doesn’t have to worry about how to pay out $50,000 jackpots.

March 4, 1999

Webposted at 8:08 am EDT

“Security we take quite seriously,” Bengtsson said. Inland isn’t profitable yet.

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Nash is a Computerworld senior editor. All staff is cleared by Interpol,” he said. So far, he’s collected $6 million to $7 million in license fees from the 32 online casinos and sports-betting sites he has sanctioned.

“We gotta be fast. Her E-mail address is [email protected]

Perhaps most nettlesome are the financial transactions. Kitts, has spent $20 million in the past three years to set up its GalaxiWorld online casino, said Larry Weltman, chief financial officer at the company in Gibraltar, U.K.

Cost of doing business

In the new locale, Bengtsson plans to set up a locked and guarded server room in which to house six Sun Microsystems Inc. It’s almost a bank.”. JOHN’S, Antigua (IDG) — Here among the storefronts made of plywood and painted ice-pop colors, there grows a strain of electronic commerce that faces obstacles even Amazon.com couldn’t imagine. We’re sticking to a marketing strategy and a business plan,” said Bowering, a 38-year-old former stock broker and financial consultant. police say online gambling is illegal under a 38-year-old law — and they’re starting to prosecute. The company, which has headquarters in Sweden, employs 30 people locally, mostly in telephone support and risk analysis.

There’s just one problem: U.S. “We tried to recruit from locals but they don’t have the skills,” Bengtsson said.

Terry Bowering has paid his $100,000 annual license fee to Antigua and scoffs at the idea that online casino executives run a crooked business, hide from the law or fleece naive Internet users.

by Kim S. “We’re not typical bookies. “We deal with other people’s money and must have backup procedures and a fire-safe area and strict rules. Congress is expected to outlaw Internet casinos outright.

“Gambling provides revenue to the country but also employment and indirect economic benefits,” said Vere Murphy, commissioner of the Free Trade and Processing Zone, which licenses and regulates Internet gambling companies here.

For Bowering, vice president of offshore operations at Starnet Communications International Inc., Internet gambling is a legitimate form of electronic commerce that lawmakers just don’t understand.

Starnet Communications International Inc.

Inland Entertainment Corp.

GalaxiWorld

Murphy says he sees himself as something of a cybercop, enforcing licensing laws and chasing away lawbreakers. Moreover, the U.S. Page hits totaled 3.2 million.

“You play my game, and it’s a real live transaction taking place,” he said. Operations were down for more than two days.

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The four information technology people at Boss Casinos all are transplanted Swedes. In fact, Antigua invites it.

More than 1,200 registered players placed $3.1 million worth of wagers in GalaxiWorld’s first month in action. servers, one for each of the gambling sites he runs for other companies.

“We don’t sit here drinking umbrella drinks,” said Peter Bengtsson, managing director of Boss Casinos Ltd. in San Diego, which runs three online casinos, like to point out that they’re publicly traded firms that must report detailed company data.

Hiring programmers well-versed in Sun’s Java language is expensive but worth it, according to Weltman, 37. We’re the future. Bengtsson, a 30-year-old ex-blackjack dealer in banker’s clothes, runs Boss Casinos, which is one of the biggest online gambling operations here. We’re MBAs.”

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Playing by the rules

They also must support many languages besides English to attract players in Europe and Asia, where online betting isn’t so legally iffy.

Two Compaq Computer Corp. Internet gambling operators must gird their sites for multiple simultaneous users who pound through rounds of blackjack and online roulette — at 40, 50 and 60 clicks per minute.

But as usual, the house is raking in the cash. (Boss Casinos charges maintenance fees and takes an additional cut of the revenue from each client.)

Software development costs are the biggest expense for Internet gambling firms. Online gambling is a $535 million industry worldwide that’s expected to grow to $10 billion in three years, according to Datamonitor PLC, a market researcher in London. The credit card, passport and other data requested of players “never leaves this building. GLC Ltd., which does business on the nearby island of St. Gun-toting local police also watch the premises 12 hours a day.

Meanwhile, Starnet and rival Inland Entertainment Corp. Wire transfers, credit cards, bank drafts, personal checks, electronic currency, even cash: They all are forms of payment acceptable at one gambling site or another.

ST. servers running Microsoft Corp.’s Windows NT process bettor payments. That’s different from Amazon.com, where “one customer buys two books, and it may [take] two or three weeks to deliver,” added Weltman, a former lottery company manager.…