Sports Betting

Predicting sports results by making a wager on the outcome of a sporting event


  • Fixed Odds Betting Terminals

    Saturday, January 31st, 2009

    HTML clipboardFixed Odds Betting Terminals (FOBTs) are computerised machines normally found in betting shops which allow players to bet on the outcome of various games and events with Fixed Odds. They were introduced to UK shops in 2002, shortly after the abolition of the Betting Tax in October 2001.The most commonly played game is Roulette. [...]

  • Fixed-odds gambling: types of odds offered

    Friday, January 16th, 2009

    There are three widely-used means of quoting odds: Fractional odds Favoured by bookmakers in the United Kingdom, fractional odds quote the net total that will be paid out to the bettor, should he win, relative to his stake. Odds of 4/1 (read “four-to-one” or “four-to-one against“) would imply that the bettor stands to make a [...]

  • SP bookmaking

    Wednesday, January 14th, 2009

    Starting price or SP bookmaking literally refers to taking bets at fixed odds, i.e. a fixed starting price, as opposed to the totalisator model of betting. This form of gambling was only legal in Australia for bookmakers operating on the course or racetrack, and so a large telephone based SP bookmaking industry started, leading to [...]

  • Fixed-odds gambling

    Sunday, October 19th, 2008

    Fixed-odds gambling is a form of gambling against odds offered by a bookmaker, an individual, or on a bet exchange. Calculating fixed odds It is customary with fixed-odds gambling to know the expected odds at the time of the placement of the wager (the “live price”), however this category also accommodates wagers whose price is [...]

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