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ይድጓቱ ሀጂ (Overview and definition)
ኛ ቤት ስፖርት ቤቲንግ ማለዳ ከተጻነሁ ዜሮጥ sport betting ፣ sports wagering , bookmaking እያበሩ። ይጸንቀዳሂጾ (Gambling) ሰፎም ቁጻሮስ betting እያበሩ።
ኛ ቤት ስፖርት ቤቲንግ, መሰሎ sports betting , ባሪ (book) የነበሩኑ ዜሮጥ (betting office) bookmaker ፣ bookie , ስፖርቶችንና ዙሪ (odds)ን ከሚነበጹዩ ማእመሮ stake ካደርጁ ፣ የኛ ቤት laying the odds , betting against , backing a bet, ።
ስፖርቶ (How the concept works)
- ሳቀነየ sports event : ጄቪ (game) ሚኮሲ (match), ዝሆ(league);
- አይ (bookmaker) Bookie: Bookmaker , Betting Shop
- ኛ Bet : Bet .
- ጂ (odds): ሳቀ (implied probability)
ስፖርቶ ዝሆጥ(Types or variations)
- Fixed Odds Betting
- Fractional Betting
- Decimal Betting
- American Football Style Odds
Fixed Odds Betting
- Fixed : odd is fixed
- example:
bet odds
A £100 stake on the home team to win at a price of 1/5 would give you winnings of 16 times your initial stake, should the prediction be correct.
Bet Stake Amount (Pounds) Winnings Pounds Home Win 100 1600
Fractional Betting
- example:
Team Odds Format Away Team 5/2 Draw 3/1 Home Team 4/6
Bet £10 on the away team at odds of 5/2 would win you £25 (or in some cases it may be more than this) if successful.
| Bet | Stake Amount (£)| Winnings ($| | — | —————– || | | Away Team | £10 | £30 |
Decimal Betting
- example:
team odds format
A bet on the home team to win with odds of 2.00 would see you winning a sum that is double your stake.
| Bet | Stake Amount (£) | Winnings ($| | — | ——————– || | | Home Team | £10 | £20 |
American Football Style Odds
- money line
- example:
bet odds format
A -150 moneyline means that you need to win $100 to get back $150, should your prediction be correct.
| Bet | Stake Amount (£) | Winnings ($| | — | ——————– || | | Home Team | £10 | £20 |
ጂ(odds): ሳቀ(implied probability)
- Odds of 1/2 mean that the bookmaker thinks that you have a 66% chance (1 in 3) to win.
- Odds of 2/1 means that the bookmaker thinks that you only have a 33.3% chance.
አይ(legal or regional context)
ማ ተግ (regulation):
United Kingdom
Bookmaking in Britain was regulated under a single law from 2005, the Gambling Act of 2005. Online bookmakers are required to hold a license issued by either the UK Gambling Commission, the Gibraltar Regulatory Authority or another recognized regulatory body.
Netherlands
The Dutch government has legalised online gambling. However, as there is no licensing system in place yet and sportsbooks have been told they must cease providing services in 2022 when their licence expires it makes any future development uncertain.
Switzerland
Bookmaking in Switzerland was made legal by law No. 13 of December 15th 1923 . The Swiss government has allowed internet bookmakers to accept bets since January 2014 but the market remains limited and local authorities have called for regulation.
በ(free play, demo modes, or non-monetary options)
Bookmaker’s offices provide a service allowing users to bet on sports events over the telephone. This is often supplemented with Internet betting facilities; online bookmakers also offer services that allow people to place bets using their mobile phone.
Online wagering can take various forms, including:
- Betting exchanges
- Spread betting
- Fixed odds betting
In addition to actual money wagering (where stakes are placed in currency), some types of sportsbooks let users bet with free money or through virtual cash. Virtual currencies such as cryptocurrency may be used to make these transactions.
አ ቤ(advantages and limitations)
Advantages:
- Convenient: 24/7 availability
- Variety
- Accessibility: internet, mobile
Limitations:
- Risk of addiction
- Lack of human interaction
- No control over odds offered by the bookmaker