Finding The Best Odds: As Important As Picking The Winner

Sports fans, we really do like to bet don’t we?

Apparently we’re happy to stake our money on anything from bullock racing to a bullfight. The consulting firm H2 Gambling Capital released statistics recently which reveal that the average UK adult or the US adult will lose around US$400 gambling each year. But they’re nowhere near the Australians (the most prolific bettors) who will lose more than $1,400 for every adult this year.

All these losses add up and popular sports betting markets like English Premier League soccer, NFL football, NBA basketball, NHL hockey, and MLB baseball turn over billions of dollars each year. And, as in other billion dollar industries, the competition for your custom is fierce. Online bookmaking operations today are slick, sophisticated, and making a killing. They employ expert staff to set appropriate starting prices and use complex statistical models to manage their risk in real time.

However, all this effort from the bookmakers is nothing in comparison to the time expended by punters themselves. Consider the time you spend turning a bet over in your mind before you place it and then multiply that by the number of bets placed each day. Hundreds of thousands of man-hours are spent trying to predict the outcome of sporting events every day.

But could this effort be better utilised?

There are only two things which determine the expected payout of a bet. The first is the likelihood of the predicted result and the second is the odds accepted for that result. Improving on either one of these factors improves the expected return of the bet. Yet, for all the effort expended attempting to predict the right result, it seems that proportionately very little effort is expended securing the best possible odds.

This is hardly logical. It is not possible to anticipate the result of a sporting event with any meaningful confidence and even guessing at the likelihood of a particular result is extremely hard. At least some of the time spent trying to predict the outcome of a sporting event would be better spent comparing the odds offered by the various bookmakers and selecting the bookmaker which offers the best return on this particular bet. It’s quick and easy to shop around the many online sportsbooks, compare odds, and find a better offer. There are even plenty of services out there that will do it for you for free.

Professional gamblers often have accounts with multiple bookmakers, pay close attention to the odds offered by each, and seek out the best odds before they place a bet. But the average punter tends to mindlessly accept the odds offered by his usual bookmaker. This is a large oversight and a costly missed opportunity.

Bookmakers often post noticeably different odds for the same event and it’s common to find mismatches of up to 10% from one bookmaker to another. This percentage is there for the taking and it mystifies me that more people aren’t shopping around for better odds.

Betfred Bookmaker and the Betfred Free Bet Discussed

Internet betting fans will certainly be conscious of Betfred internet bookmaker and the Betfred free bet offer. But it can on occasion be tough to figure out which online bookmaker to pick out when there exist such large numbers of bookmakers and free bet offers in the market today.

This difficulty may notably hinder newcomers who most likely are not conversant in the vocabulary of sports betting. In these instances, a little bit more information is desirable.

To assist you to comprehend the various bookmakers and offers, novices can reference an online bookmakers free bets review site. Here you can read assessments of online bookmakers along with their free bet offers, much like the following review of Betfred online bookmaker and the Betfred free bet.

Betfred is one of the most extensive betting networks in the United Kingdom. With an efficient website and over 800 betting shops, the company turns over around £1.5 billion every year.

The best thing about the Betfred website is that it’s instantly recognisable as a brand and this makes customers feel comfortable immediately. It helps experienced customers associate the new format of gambling with the familiar shops. The layout and design of the website is very clean and simple, which makes everything easy to understand.

New customers are treated to a variety of special offers, which include £50 worth of free bets to use in the sports section of Betfred. New customers to the casino section can claim up to £500 in free betting chips and new customers to the poker section can claim up to £400 in a welcome offer.

The design of the Betfred sports section is very similar to a lot of other bookmakers. A list of sports is displayed down the left hand side of the page, which makes it fast and easy to find the right sport to bet on. Up and coming events or live in-play events are listed down the middle of the page.

There is a more comprehensive live in-play section on Betfred. This section details popular sports happening around the world live and provides small boxes with a few betting options. These boxes open up to provide more betting markets. There is also a commentary option, which allows users to listen to any live event taking place.

A fun feature Betfred uses, which is not seen on other gambling websites, is the virtual section. This allows gamblers to bet on a variety of virtual events. The betting processes are the same but this is a welcome addition to the website for when there may not be much live sport happening at the time.

The casino section of Betfred is fairly basic and routine. The company sold the casino section for a £27 million profit in early 2009, which suggests it is not the sole focus and emphasis of Betfred. The poker section is also fairly basic and offers customers the chance to download a desktop poker client, which can be used to save time and effort when turning on a computer to play.

User controls of the website are very efficient and familiar. Betfred provides customers with complete control over their income to a set limit. This stops the risk of customers spending far more than they can afford and wracking up huge debts in the process.

The thorough information, which is usually displayed at the base of the screen, is still there. However, it is far from comprehensive. This is countered by the contacts link at the top of the page that opens a new window with phone numbers, e-mail addresses and postal addresses. This is fantastic because it allows a customer to quickly work out, which part of Betfred they need to call and will save a lot of time and stress.

How to Choose the Right Bookmaker

Worldwide online betting skyrocketed in recent years, due to the unparalleled advancements in technology. Apparently, there are a number of bookmakers or bookies who provide sub-standard bet offers hence robbing their customer’s money in the pretext of betting. However, there are also credible bookmakers that provide the best brands and free bet offers. For you to have fun as you make some quick buck, you have to be very careful in choosing the right bookmakers.

Take your time to compare the bookmakers’ packages before choosing. Bettors talk about the best companies all over, if you watch football online you can easily find the names of the reputable bookmakers displayed on reputed websites. When reading through some of these websites’ reviews about the bookmakers ensure that you read in between the lines to understand fully, so that you make an informed decision when creating your betting account.

Search further about the credibility and reliability of the bookmaker by scouring the internet. You might be shocked that some of these companies are listed and doing well in the stock exchange market. A listed company with a legitimate software, benefits greatly from clients’ trust, which makes them even more popular. If you check out the members’ reviews of a company like this, you will realize that most customers are satisfied with the fairness of its online betting system.

Choose a company that has numerous betting alternatives such as football, casino or skill games, poker or just general sport. You will get a chance to tour other options and better your chances of making more money and having fun under one bookie, which is actually cheaper and enjoyable. Established companies offer goodies like bonuses for their customers depending on different packages. Look at the betting events offered by the bookie before signing up. Some companies offer major betting events that can give you a cutting edge during gambling and hence win a lot of money.

Most of these bookmakers offer a deposit free first bet to their customers, the idea is picking the one that offers the least but with minimum liabilities. Companies new in the market or the ones that are not competitive tend to offer very low free bets as compared to reputable and well established ones. Although this could be a marketing strategy, be sure that you are not being lured into rogue deals before signing up-cheap might turn out to be expensive.

Through in depth study, you will realize that some companies offer good customer services to their clients than others. Although most companies provide avenues like email and FAQs pages others avail live chats that are vital in helping clients whenever necessary. Some bookmakers offer toll free numbers that are operational twenty four hours. Check out the support service being given by the company and confirm if it’s efficiency.