Bookmaker Offices, Types of Sports Bets: Single or Ordinary, Express, and Betting Systems.

Bookmaker Offices, Types of Sports Bets: Single or Ordinary, Express, and Betting Systems.

• Single Bet or Ordinary, Simple Bet: The simplest and most popular type of sports bet is a bet on the outcome of a single event. The player chooses the expected outcome of a sporting event and places a bet at a certain odds. If the outcome is successful, the player's income consists of the product of the bet amount and the odds.

A single bet can take any form: match outcome, total bet, half-time bet, or a win with a handicap. The player needs to predict the probability of one event ending, add it to the betting slip, and wait for the final result.

Example of a Single Bet or Ordinary, Simple Bet:

The player selects one of the options offered in the line of bets, for example, a bet on the outcome. Let's assume this will be a victory for "Liverpool" in a match against "Manchester City," with odds of 2.4 for the win. The player bets 100 dollars on this outcome and places the bet in the slip. Next, they need to wait for the end of the match, and in case of a win, the income will amount to 240 dollars. (100 dollars x 2.4 = 240 dollars. Net profit = 240 dollars - 100 dollars (bet amount) = 140 dollars.)

It doesn't matter what type of bet it is: outcome, handicap, or total. What matters is that it is a single bet!

• Express Bet in Sports Betting: This type of bet allows the player in a bookmaker's office to place bets on several events simultaneously. It combines several ordinary bets, which can be two or more. To make a profit, the player must correctly predict the outcomes of each sporting event in the express bet. If at least one outcome is incorrect, the entire express bet loses. This type of bet can yield a high profit, but the risk is also very high.

Profit is calculated as the product of the player's bet amount and all the odds of the sporting events in the express bet.

Example of Income Calculation in an Express Bet:

The player in the bookmaker's office placed 200 dollars on three outcomes with odds of 2.0, 3.0, and 1.5.

Thus, the total odds of the express bet amount to: 2.00 x 3.00 x 1.5 = 9.00.

In the event of a positive outcome for all three events, the player can earn 1800 dollars (200 dollars x odds 9.0).

Comparison of Express Bets and Ordinary Bets: How to Earn More by Betting on Sports.

When placing a bet by combining several outcomes into an express bet, the player definitely risks more than when making bets on these events separately in several ordinary bets. However, the profit from the express bet is significantly higher! The express bet has a much greater total odds. If the player correctly calculates the probable outcomes of the events, then the profit will be much higher than if the player had bet on each outcome separately.

Let’s imagine that a player in the bookmaker's office chose bets on three outcomes with odds of 2.00, 2.5, and 3.0 with an ordinary bet of 15.00 in the express bet (remember that the odds in an express bet are multiplied together) and decided to spend 300 dollars on this (100 dollars on each ordinary bet separately and 300 dollars in total for the express).

As a result, we obtain the following results:

By betting on the same outcomes, the player will earn 4500 dollars if they place three ordinary bets and 4200 dollars for an express bet.

• System in sports betting.

A more complex type of sports bet that combines several express bets. The system allows the player to hedge against the possibility that one or more sports events may not occur. To generate a profit, the player only needs to collect several winning bets from a set of outcomes in the system.

The player places a bet on a series of sports events compiled into an express bet and specifies the system's dimensionality – the ratio of the number of outcomes required to win to the number of sports events in the system: “2 out of 3,” “3 out of 4,” “3 out of 5,” “4 out of 6,” etc.

The total stake of the system is distributed equally among all the express bets included in it. The minimum stake amount equals the number of express bets in the system. The player's income in the system is equal to the income generated from the express bets in the system.