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Football Betting Sites
How do bookmakers calculate football betting odds?
Bookmakers usually set odds that reduce the variance while still roughly leaning towards the high probability of an event occurring. This balance ensures that the sportsbook still makes a profit while attracting gamblers to stake on the outcome. The first step towards calculating football betting odds is setting a margin incorporated into the set odds. The bookmaker calculates the real chances of an event occurring based on history, form, statistics, and human opinion (their own, other bookmarkers’, and the general public’s). The more data they use to base their decisions, the more the odds reflect the real probability. If there’s little or no data to go by, bookmakers apply caution and make the odds less than the real probability.
Is betting on football online legal in Canada?
Yes, it is. Canadian law states that it’s legal to place sports bets and wager as long as the sportsbooks operate with government-issued licenses. The most recognized licensing body in the region is the Kahnawake Gaming Commission. However, the law has a grey area exploited by internationally licensed gambling dens, allowing them to accept players from the region. Numerous betting sites with offshore licenses from bodies like the UK Gambling Commission, Curacao eGaming, Alderney Gaming Control Commission, and Malta Gaming Authority offer their services to Canadian bettors.
What are the best live football betting tips?
Live betting is like a wild west adventure: it is full of grand opportunities and extreme danger. A great place to start is to never use live betting as a way to regain losses. While it is a tempting way to cushion your bets that turned sour, it will most likely result in even more losses. Live betting does not work with spur-in-the-moment actions but rather with preparation, patience, and a lot of focus. Do not place many in-play bets simultaneously. Instead, focus on one or two and wait for the best moment to place them. Keep in mind that live betting still depends on luck and not capability.