How Does Sports Betting Payout Work
In-play betting: It is the future of sports wagering.
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- In most of Europe sports betting at casinos like Balkan Bet are legal, but in America, there are states. The point is to beat the odds on the payout.
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At least that’s what an authority on the topic, William Hill Executive Joe Asher, believes. And if what we see in Europe is the direction that American sports betting is heading, Asher is correct.
In Europe, nearly 70 percent of all sports bets are in-play bets. Conversely, in the US, in-play betting still accounts for less than 20 percent of all sports bets, according to the latest numbers from Las Vegas.
This is thanks to the European market being an older and far more widely dispersed part of the culture. The European market also possesses the technology to make in-play wagering a natural way for a sports gambler to play.
European players enjoy mobile access to dozens of betting options. The same is true of America. Legal Pennsylvania sports betting launched in 2019, and the presumption is that a full embrace of in-play betting will follow.
What is in-play betting?
With in-play betting, gamblers can bet on the outcome of games that have already started. As the game unfolds and the score changes, the available odds also shift as the most likely outcome of the game is altered.
These changes are automatic and based on computations performed by the online or mobile software. For some sports, like basketball, the scoring is simply too fast for a human bookmaker to be in charge of changing the odds.
Additionally, because the changes in odds are fast and automatic, some bets may only be available for a few seconds. Players participating in in-play wagering need to stay engaged in the event if they want to hit on a bet with what they perceive to be their best available odds.
An example of how this works:
LSU and Miami were playing on the opening weekend of the NCAA college football season, with the Canes closing the pre-game betting as the favorites, laying 3 points. But by the time the third quarter rolled around and LSU was leading 33-3. Miami was listed as a 23.5-point underdog.
Different times in the game and varying probabilities of a likely outcome mean you’ll see a shifting point spread when you place your bet.
Advantages of in-play betting
In-play betting isn’t just a way for a player to get a second chance at a pre-game bet that looks like a certain loser halfway through the game, like in the example above. It’s also a way to be more engaged in an event and turn sports wagering into a more exciting and active enterprise.
Plus, instead of waiting three hours to see if you’ve hit on your baseball bet, you can bet inning by inning, turning those three hours into a series of nine 20 minute bets. Suddenly, betting on baseball isn’t so boring and slow.
Also, because in-play odds are generated automatically, they tend to be fairer. No one’s bias is involved in creating the line, and there are no advantages given to one side or the other based on any inside information. Every sportsbooks’ algorithms may be slightly different, but inside a book, each in-play spread and odd is configured the same way.
In-play betting restrictions
While in-play betting may be the future of sports gambling, there are still some traditional sports bets it doesn’t cover. Individual proposition bets, which are exceedingly popular for special events like the Super Bowl and NCAA Final Four, aren’t available for in-play wagering.
However, that may change as the technology of PA sports betting apps continues to improve.
Additionally, because of the sheer volume of college football and basketball events, not all games offer in-play wagering. There isn’t a sportsbook on earth that can handle in-play wagering for every game.
Pro sports, however, feature far fewer teams and games, making their offering of in-play wagering more comprehensive.
Placing your in-play bets
The odds change quickly. The perfect bet for you may only be available for 20 seconds or less. Keep your app open and your eyes on the screen, and make sure there is money in your account.
You don’t want to miss out on a bet because you need to take time to make a deposit.
Because everything moves so quickly for in-play betting, remember to do your homework first. Choose a game to play. Then study that game, pay attention to who is playing, who is hurt and who is hot. You’ll be in a better space to make adjustments to your betting strategy if you have more info at its start.
Finally, don’t worry if you fail to get a bet placed. There will be another shift in the odds, and then another. And then another. And with totals bets, point spreads, alternative point spread offerings, and ever-evolving moneylines, there is always a way to make your in-play wager both interesting and fun.
How does a Lucky 15 bet work? Read our betting guide! We explain this popular accumulator bet, how to place a Lucky 15, why do people place a Lucky 15 bet and how to calculate Lucky 15 winnings!LUCKY 15 BET EXPLAINED
What is a Lucky 15 bet?
A Lucky 15 consists of fifteen bets involving four selections from different events, combining 4 singles, 6 doubles, 4 trebles and 1 accumulator. You need only one winner to guarantee a return.
In the event of one winner only, your winnings are doubled.
For four winners out of four a bonus of 10% is generally added to winnings on the win part of the bet (winnings = the return for the win part of the bet minus the win stakes for that bet).
If a Lucky 15 is placed on horse racing and it contains a non runner no bonuses will apply to that bet.
For example, if the 4 selections and their odds were:
A = 2.00 B = 3.50 C = 4.00 D = 1.50
(Fractional equivalent: Evens, 5/2, 3/1 & 1/2)
- If all four selection wins, you would win on all fifteen bets.
- If three selections wins and the other one loses, you would win on 7 bets (3 singles, 3 doubles, 1 treble).
- If only two selection wins, you would win on 3 bets (2 singles and 1 double).
- If only one selections wins, you would win on 1 bet (1 single).
Example 1. If all 4 selections won in a £1 Lucky 15 the winnings would be calculated as the following:
4 x Singles
| Selections | Odds | Payout |
|---|---|---|
| A | 2.00 | = 2.00 |
| B | 3.50 | = 3.50 |
| C | 4.00 | = 4.00 |
| D | 1.50 | = 1.50 |
6 x Doubles
| Selections | Odds | Payout |
|---|---|---|
| A + B | 2.00 x 3.50 | = 7.00 |
| A + C | 2.00 x 4.00 | = 8.00 |
| A + D | 2.00 x 1.50 | = 3.00 |
| B + C | 3.50 x 4.00 | = 14.00 |
| B + D | 3.50 x 1.50 | = 5.25 |
| C + D | 4.00 x 1.50 | = 6.00 |
4 x Trebles
| Selections | Odds | Payout |
|---|---|---|
| A + B + C | 2.00 x 3.50 x 4.00 | = 28.00 |
| A + B + D | 2.00 x 3.50 x 1.50 | = 10.50 |
| A + C + D | 2.00 x 4.00 x 1.50 | = 12.00 |
| B + C + D | 3.50 x 4.00 x 1.50 | = 21.00 |
1 x Accumulator
| Selections | Odds | Payout |
|---|---|---|
| A + B + C + D | 2.00 x 3.50 x 4.00 x 1.50 | = 42.00 |
How Do Betting Payouts Work
Example 2. Using the same odds and stake as above, if only selection C won and the other 3 selections lost, the winnings would be calculated as following:The only winning bet would be the single on Selection C, all other single and multiple bets would be losers.
With only 1 winner your winnings are doubled, therefore:
How Sports Betting Payouts Work
£1 x £4.00 (payout) — £1 (stake) = £3.Winnings on selection C with bonus
£3 x 2 = £6.00.
Payout on selection C with bonus
£6 (winnings) + £1 (stake) = £7.00
The cost of the bet is £15.00, leaving a loss in this instance of £8.00.
LUCKY 15 BETTING TIPS
Lucky 15 is particularly suited for horse racing and greyhounds betting, but there are no particular limitations if you want to place a lucky 15 bet on football or other sports.Anyway, you must be careful about the markets and the odds to select. For instance, rather than Match Winner or BTTS markets, it’s generally advised to go for football betting markets such as 1st Goalscorer or Correct Score where odds are at least 5.00 (or 4/1). Darts and snooker are good sports if you’re having a Correct Score bet on a selection of matches.
Of course, you can also place Lucky 15 bets on each-way markets, but bear in mind that a £1 e/w Lucky 15 will cost you £30 rather than £15 as you are betting on 'to win' and 'to place' markets.
WHERE TO PLACE LUCKY 15 BETS
All bookmakers will offer Lucky 15 bets with a number even offering bonuses and money back specials on the bet.How Does Sports Betting Payout Work Against
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