How does online betting work?
Not sure how sports betting works legally but I can say that as a whole online gambling certainly isn't outlawed in the US. I haven't personally withdrawn from my online accounts, but I do have a friend who has earned enough to withdraw from his bankroll and has done so successfully and simply paid his taxes as a professional gambler. I'm honestly pretty sure most of the people here who say it can't be done are uninformed naysayers and haven't done actual research.
What does the "u" mean when betting?
Often in sports betting, people talk in "units" rather than dollar amounts, especially handicappers or people who bet on a lot of events. That may be what they were talking about.
What does each way mean betting?
Each way in my country means to place a bet on a horse race and a particular horse one unit to win/place. So you can maximise you're chances of getting a place win.You are able to place anything including 50c and above (if using TAB outlets or online) before midday on the day of the race meet itself (done to attract non- regulars to bet one full unit each way eg 50 cents per place equaling one unit of $1). After midday it becomes minimum bet $1 to place each way.If you place then you receive the odds or dividend price awarded from both the dividends had the horse come in first, second or third, at the dollar price. You can also bet fixed odds.Fixed odds are usually set a week or two prior, and should the horse or grey place, you receive the fixed price at the time of going to market; so for example, punting on the Melbourne Cup today means set prices that won't waver or alter as the race approaches. You receive more money as the risk is a great deal more to place.Answer from: What Does Each Way Mean Betting?The biggest thing I can suggest is learning to spot where you can find estimated value (EV) in the long run. The actual result shouldn’t matter as long as you’re doing this. A poker pro does the exact same thing and it’s how bookies and casinos make their profit from punters. Bet Edge has a lot of videos and training on strategies to do this: Taking Real Value (None of This Tipster Shit) or: How I (Someone Who Never Placed a Bet In His Life) Make a Living 'Gambling'
What does 7/2 mean in betting?
Try this instant odds calculator; http://www.fortunepalace.co.uk/Instant-b... to calculate your winnings. I am not great with fractions either so every time I register with a new bookie, I change my settings to have the odds shown as decimals, ie 3.50 would be the same as 7/2 (I think) cos you get £3.50 back for every £1 bet. I always use the below Odds Comparison site to find new bookies and to see which bookie is offering the best odds. They have also tried and tested all the bonuses they advertise so can be sure they are legit.
Does it matter to you if you bet on different currency in a sports betting site? I mean if your local currency is GBP but you win in USD?
No. Large betting sites are used to doing currency conversions between major currencies, and if one is not, it's a simple matter to have the bank through which you're directing the deposit do the conversion.
How much does using betting API cost?
You can develop your app for free using Betfair's exchange API. This allows to do all of your development and testing with all features of the API, however the prices returned are delayed.To get access to live data, you pay an activation fee. As I write this, it's 299. Beyond that, you will be charged whatever fees are applicable to anyone betting on the exchange (commission fees, etc).Fees and the various APIs available from Betfair are listed here:Betfair APIs, Data and Tools for your useThe source: How Much Does Using Betting Api Cost?The biggest thing I can suggest is learning to spot where you can find estimated value (EV) in the long run. The actual result shouldn’t matter as long as you’re doing this. A poker pro does the exact same thing and it’s how bookies and casinos make their profit from punters. Bet Edge has a lot of videos and training on strategies to do this: Taking Real Value (None of This Tipster Shit) or: How I (Someone Who Never Placed a Bet In His Life) Make a Living 'Gambling'
How does eSports betting work? Is it legal?
Hi, Esports betting is just as easy as regular sports betting, hench, it’s actually one of the fastest growing markets within the iGaming industry which means there is a lot of betting sites offering it.It is very easy to find esports betting sites nowadays and a lot of sites have started to list the best ones with the information needed to get started. My personal favorite site is eBetFinder since it’s very easy to find good sites with very little effort. They even have good recommendation for different games from the main menu. I totally recommend you to have a look if you’re interested.As seen on the picture here you will get the best sites ranked from best to worst and you can filter them by your country.Hope that helps!
How does online betting work?
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With respect to sports betting, what does it mean if the Seahawks are "-10"?
Generally, people would say that means the Seahawks are predicted to win by 10 points.Practically, when it comes to sports betting, here's what that means.In football, you're typically betting either on the final score differential (the spread) or the total number of points scored by both teams combined (the over/under): The indication "-10" is the spread: With this in place, you may make one of two bets:1) The Seahawks win the game and do so by more than 10 points.2) The Seahawks win the game, but do so by less than 10 points OR lose the game.The spread exists because it is rare that a game is perfectly evenly matched so something must be done in order for people to place bets on teams that are unlikely to win: In horse racing, this is done with the odds (where bets on horses who are less likely to win pays out more in winnings): In football, it's done with the spread.Here's an example from this past week: The Broncos and Vikings game was one that the Vikings were unlikely to win: If bets were taken simple about which team would win, the overwhelming majority would place their bets on the Broncos: However, the line was set at -6.5 for Denver: Since the final score was was a Denver win by 3 points (23-20, which is less than 6.5), that means the Vikings "covered the spread" and a bet on them pays out.I hope this helps.Answer from: With Respect To Sports Betting What Does It Mean If The Seahawks Are 10?The biggest thing I can suggest is learning to spot where you can find estimated value (EV) in the long run. The actual result shouldn’t matter as long as you’re doing this. A poker pro does the exact same thing and it’s how bookies and casinos make their profit from punters. Bet Edge has a lot of videos and training on strategies to do this: Taking Real Value (None of This Tipster Shit) or: How I (Someone Who Never Placed a Bet In His Life) Make a Living 'Gambling'
What is online betting?
Best Sports Gambling Websites or often called as internet gambling includes poker, casinos and sports betting. The Internet has made way for new types of gambling to form online. Improvements in technology have changed betting habits just as video lottery terminals, keno has changed the gambling industry in the early 20th century. Gambling has become one of the most popular and lucrative businesses present on the Internet. There are many types of gambling which includes poker, casinos, sports betting, lotteries, mobile gambling etc.Best Sports Gambling WebsitesThe source: What Is Online Betting?The biggest thing I can suggest is learning to spot where you can find estimated value (EV) in the long run. The actual result shouldn’t matter as long as you’re doing this. A poker pro does the exact same thing and it’s how bookies and casinos make their profit from punters. Bet Edge has a lot of videos and training on strategies to do this: Taking Real Value (None of This Tipster Shit) or: How I (Someone Who Never Placed a Bet In His Life) Make a Living 'Gambling'