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How and why to calculate bookmaker’s margin?
New bookmakers are entering the market almost every day, and tipsters can pick the one which fits their needs. So, how to choose the one that fits the most? For sure, one of the fundamental criteria must be the amount of so-called bookmaker’s margin.
We will tell you this secret. Online bookmakers are not charity institutions, they are profit-oriented. So, how do they make that profit? Lots of unexperienced tipsters think that the primary source of income is coming from the lost bets, which is complete nonsense.
The truth is that bookmakers are making money on every ticket regardless of the fact if it’s a winning or losing one. The margin concept is introduced right here. The higher it is, the lower are the odds, and the more money bookmaker makes.
Bovada
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