Live Betting- The Bookmakers Profession
Sports Live Betting
Betting on sports is, overall, a very common hobby/profession shared by people worldwide over a variety of sport types and rule sets. While it is still a form of gambling, the acceptance and legality of the issue is highly debated and differs not only from nation to nation, but also from different divisions within those nations (for example, New Jersey and Delaware of the United States have shown interest in sports betting but the country itself frowns upon such practices). European nations, on the highly hand, keeps each and every sports betting site intensely watched and regulated, but they are not criminalised. In the few places where it is not only allowed, but encouraged as well, sports betting can be quite a profitable endeavour to the informed bettor.
Generally, sports betting is commonly done through a “bookmaker”. These legally exist in areas throughout the civilised world (particularly Las Vegas). In areas where it is illegal, many people refer to either “bookies” (the lingo for an illicit bookmaker) or online betting. Regardless of the type, most bookmakers offer the two most common types of wagers: a point spread water and a money line bet. Point spread sports bets focus on how many points the two teams will finish within. Money line bets simply deal with the winner (in other words, a point spread wager where the spread is assigned a zero).
Sports betting gets even more complicated though when you take a look at the more advanced bookmakers. They often allow proposition bets (precise outcomes of a match such as total yardage, goals scored by each time, etc.), parlays (a single package of multiple bets for a single round of sports), teasers (which allow combined bets on multiple different games), and totalizators (where the odds are constantly fluctuating based on the amount of bets placed on a particular team).
Despite the social taboos that accompany sport betting, betting on sports is quite legal in some countries, and the opportunities are limitless no matter which sport you specialise in. From soccer to football to rugby, every sports field has some type of betting to take part in.
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