How do you earn, and how do bookmakers do it?
earnings on bets Let’s give an uncomplicated example. Suppose you bet one dollar and claim that a certain sports team will win the competition. Another person likewise bets a dollar, but says that your team will lose, and her opponent, on the contrary, will take all the laurels for himself. The sum of the bets is two dollars. If you win, the bookmaker will pay you one dollar and ninety cents, your opponent will be left with no money at all. Thus, the bookmaker took a dime, if we add a few zeros to this number, taking into account the total amount of bets, then the amount of earnings of the office will be rather big. Continue reading