Consider what a bookmaker and how bookmakers make their money . Bookmaker (or bookie ), which in English is sometimes briefly called «bookie» — it's just firm (although bookmaker may be a natural person ) taking bets on different events . Offer to take bets on whether there will be an event or not, bookmakers and customers have the opportunity to select which of these outcomes to bet on. Most often bookmakers offering bets on sporting events or races , although due to the increasing popularity of the Internet and the rapid transmission of information , modern bookmakers are taking bets on almost everything — from the presidential election to television competitions.  

Bids made ​​by customers bookmaker , based on predetermined factors , and income from a successful bid is also associated with a coefficient proposed for this tender. For example , the bookmaker can offer 2/1 (pronounced « two to one » and not to divide into two one ) winning Teams 1 and 5/1 ( five to one ) to win 2 Teams . 2/1 and 5/1 are the coefficients and players can select which of these outcomes to bid . If you bet on the winning team 2 and they will win the match , the bookmaker will return you 5 times the amount of your bid . If you are not familiar with the use of coefficients of bets offered by bookmakers see our instructions explaining how the coefficients .
Now the question arises — how bookmakers make their money ? Most people wrongly assume that bookmakers earn when people lose their bets , and lose money when players win on their bets . Although sometimes it may happen , bookmakers work with well- earned money is not so . Main source of income is the so-called bookies bookmaker commission or «vig» ( short form of Vigorish — commission) . Sportsbook Commission can be seen as a small fee , which the bookmaker takes on all bets . Bookmaker focuses mostly on the wrong that was a lot of losers (though it helps to earn ) , and that the amount of bets on the opposite outcome was relatively equal. He then impose a small fee in the form of commission from the coefficients.  

To clarify the matter , let's look at an example . Assume that the bookmaker offers bets on the game result in throwing a coin. Chances of falling out of the eagle up 50-50 . Now the task is a bookmaker that on «heads » and « tails » put an equal amount of money to, say, 10 people set to 1 euro for «eagle» and 5 people and 2 euros for " tails ." Whatever the outcome of the bookie does not lose money , as opposed to the outcomes delivered an equal amount of money. But how bookmaker earns with these rates ? Very simply , the bookmaker earns a commission by reducing coefficients ("juice") — instead of offering for eagle and tails ratio 2.00 , it offers only 1.90 . Suppose that the winning «eagle» . Winning players made bets worth 10 euros, but they are paid only 19 euros (€ 10 × 1.90), and bookmaker pockets the 1 euro , the remainder of the players who put on the « tails » and lost.  

As seen on these bets win and lose an equal amount of money , but as a bookie takes a commission by reducing the ratios in , he still earns. However, as the bookmaker shall ensure that the opposite results put an equal amount of money ? This is also done through the coefficients . You could often see how changing odds on during a sporting event. This is done by bookmakers to encourage people to bid on one or more results in order to have an equal amount of bets on the results of opposites . If we use the example above — what to do if «eagle» is betting more people than « tails »? In this case, the bookie improves factor for falling out « tails » , offering , for example, the coefficient of 2.10 on the falling of the 'heads' and only 1.70 for falling out " eagle ." Knowing the basics of mathematics, people realize that the chances up 50-50 , but the payoff when falling out « tails » substantially more , so naturally , more people will be bet on the « tails », while wagering on the opposite results will not be equal. Thereafter bookmaker returns to 1.90 coefficient of both possible outcomes . Of course, this is a very simplified version of how changes bookmaker odds and make money , but the principle is like this, only much more complicated mathematics .  

Now that you know what bookmaker bookmakers and how to earn money , talk about online bookmakers. How do they differ from traditional bookmakers ? In fact, virtually nothing, except that now people can place bets via the internet instead of having to walk to a local bookie . Online bookmakers work as well as traditional , but they have much more customers as the rates can make people all over the world , not just locals . Because of this online odds bookmakers significantly better market rates ( what you can bet ) are more numerous and easier to bet the players — right from home or via a smartphone , especially now , when bookmakers taking bets via mobile network , are becoming increasingly popular in developed countries. Single , albeit large , online bookmakers problem is security. Since online bookmaker is simply a web site that accepts bets, in fact every owner of a program for betting can create betting site and take bets from people all over the world. How to ensure its security in terms of real money and avoid getting selling your personal data any marketing firm ? All bookmakers listed on our website are licensed and comply with established rules in their jurisdictions receiving sports betting. Thus , you can be confident in the safety of their bets . Do not fall into the trap of simply registering yourself at the first online bookmaker having an advantageous offer for registrants , instead of having to choose among the best representatives of the industry.