What a beginner needs to know: basic concepts in betting

From Cyberlaw: Difficult Issues Winter 2010
Jump to navigation Jump to search

Before you learn how and where it is better to ставки на спорт, you need to master the terminology. Let's start with the basics - the definition of "Bookmaker". Once upon a time, this word was used to refer to people who accept bets from gamblers, arguing about the result of an event. Moreover, these disputes did not necessarily concern sports matches. Mostly bets were made on the results of horse racing and dog racing. Today, a bookmaker (bookmaker, bookmaker) is most often called a specialized Internet site that performs the same functions, namely, accepting money from gamblers who want to bet.

Formally, the bettor tries to beat the bookmaker, but in fact he makes a bet with other clients of the same office, who bet on the opposite outcome of the event. And the bookmaker is an intermediary in these disputes, which accepts money from both disputers, and then gives the winnings to the winner.

A bet placed on the outcome of an event is called a bet. In modern bookmakers, players can place different types of bets, depending on the number of selected outcomes. If one outcome is selected and the entire amount of the bet is bet on it, the bet is called single (“single” or “ordinary”). Another common type of bet is called "express". In this case, the bet amount is placed on several outcomes included in one coupon.