Friday, August 18, 2006
Bookmaker
Bookmaker is simply a middle man who operates on a small profit margin and ideally, likes to see half the money wagered on one team and half on the other, assuring him of a profit. If too much of the money goes on one team, Bookmaker will move the line or pointsspread to encourage bets on the other team in an effort to balance his book. The person you are attempting to beat is the oddsmaker and his views on each team's chances. Just by flipping a coin you will be right 50% of the time. At odds of 10/11 only 52.4% of your bets have to win for you to overcome the bookmaker's profit and break even, so you opercen ly need a very small edge to become a winner. Do your homework, bet selectively and 55% winning bets is definitely achievable and 60-65 % is a realistic target. At those levels you will have an extremely profitable, as well as enjoyable, hobby.