I heard it was 10%. Do they take a cut off the winnings or the placed money bet? for every -110 bet wins you $100. Do I get back the $110? Do sportsbook automatically take out their cut out of the $110 and not the $100 won?
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the reality is a lot more complex than this but for the sake of simplicity:
the book takes $110 from each of two players on opposite sides and pays the winner $210 (his stake of $110 and and winnings of $100) so has therefore paid out $210 of the $220 taken up front
so I suppose you could say that they have made $10 on $220 held = 4.545%
not all books quote 20c lines - Pinnacle commonly will have 10c lines (-105) so they would take in only $210 and pay out $205, netting $5 on $210 = 2.381%
of course books would rarely experience even action on an event and the lines would move around during the course of bettingComment -
Yes Hareeba is right,
if book offers -105 / -105, you get %97,5 (book cuts %2,5)
if book offers -110 / -110, you get %95,5 (book cuts %4,5)
It's just a job. Grass grows, birds fly, waves pound the sand and books beat people up. (it's belongs to M.Ali. I have modified
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Majority of bettors always take favorites and home teams and they take sometimes parlay.
Also they buy points. (losing possibility by 0,5 points is nearly %2-3 but people pay %10 for 0,5 point.Probably their maths was F)Comment -
see Hareeba's explanation for nice example.
books have hedging accounts at BetFair to balance their positions, incurring certain costs.
on the upside, they have nice income from casinos. maybe also poker rooms, although i have no idea how to estimate those.Comment -
the new European legislation regulates and the bookmaker's payout %.
French law says it must be 85% max,
in other words,the bookmaker must take min 15%.
But how will this be achieved?
If the clients win more than expected,
what will the book do?
ideas: confiscations,wrong settled bets,banning of client payouts for a while...Comment -
typical example of politicians meddling in something they know SFA aboutthe new European legislation regulates and the bookmaker's payout %.
French law says it must be 85% max,
in other words,the bookmaker must take min 15%.
But how will this be achieved?
If the clients win more than expected,
what will the book do?
ideas: confiscations,wrong settled bets,banning of client payouts for a while...
Comment -
interesting, regulating minimum profit. perhaps so that the tax take is substantial? are you sure your info is correct?the new European legislation regulates and the bookmaker's payout %.
French law says it must be 85% max,
in other words,the bookmaker must take min 15%.
But how will this be achieved?
If the clients win more than expected,
what will the book do?
ideas: confiscations,wrong settled bets,banning of client payouts for a while...Comment -
In, for example, UK horse racing the main bookies odds are linked to an average the on course bookies odds.
I can't see how it would be possible to regulate this with any sort of "minimum payout".
For a sportsbook like Interwetten (horrible odds but very slow to move lines) such regulation would change, totally, how they do business.Comment -
Also I remember reading somewhere that with US type games/odds etc the book only makes money when the dog wins, assuming equal action on both sides allowing for the different odds etcComment -
matchbook takes the lowest % of juice. However, Sportsbook.com has a no juice game on one of their NCAAF games on Saturday each week for the entire season.Comment
