Jazz power forward Derrick Favors has shown signs of fatigue as of late. He scored just three points in Friday's loss to the Griz. And as was the case for the Trail Blazers the Jazz face an OKC club that has defeated them in the first three of four regular season games. The Thunder outlasted the Blazers in Portland on their current road trip for a season sweep. Expect this to be the case tonight in a matchup that favors the Thunder in an underdog role.
Reason number two that the bookie wins: He “charges” people to bet. The odds that he offers don’t add up to an implied probability of 100%, the remainder being potential profit for the bookie (known as the “vig” in the US). Depending on the event he might be charging a couple of percentage points (so on average he’ll make $2 for each $100 bet) to a couple of hundred percentage points (so on average he’ll make $200 for each $100 bet). It depends on his certainty around his estimate, how dodgy he is, how dumb he thinks his punters are, how much competition he has, and so on.
There is a poker game you compete with machine called video poker. It could be a part of casino games though, interestingly just a handful of video poker that is Full Pay Deuce Wild Poker gives Player Edge 0.77%. Means you have the edge and you will make 0.77% profit average in long-term, the Positive EV. When you talk about the Poker Competition, it’s purely Skill based and this is the category where you can create Positive EV as long as you follow the mathematical logic. The below video from splitsuit.poker shows the EV concept application to Poker;
Firstly, see the below table (sourced from Statista ) showing the amount of money people loose through gambling. In the US, the loss accounts around 0.6% of the whole nation’s GNP. Whatever American Gambling Association say or justify, it’s a huge amount. No wonder people perceive gambling as a loser’s game and never even think about chances to make a living from it;
Sports bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises. The term "book" is a reference to the books used by wagebrokers to track wagers, payouts, and debts. Many legal sportsbooks are found online, operated over the Internet from jurisdictions separate from the clients they serve, usually to get around various gambling laws (such as the Unlawful Internet Gambling Enforcement Act of 2006 in the United States) in select markets, such as Las Vegas, Nevada, or on gambling cruises through self-serve kiosks. They take bets "up-front", meaning the bettor must pay the sportsbook before placing the bet. Illegal bookies, due to the nature of their business, can operate anywhere but only require money from losing bettors and don't require the wagered money up front, creating the possibility of debt to the bookie from the bettor. This creates a number of other criminal elements, thus furthering their illegality.
Total O/U is the amount won on OVER or UNDER bets. When it comes to the Premier League, any factor that can influence the game can help you decide if you want to bet the OVER or the UNDER. These factors include how capable each club is on offense and defense, weather conditions (wind being especially influential since it can change how far/fast the ball travels when kicked), and injuries sustained before the match (real injuries, not the flopping around that is done in-game when a cleat grazes a player’s shin so slightly that the only thing you can do is roll your eyes at the telly). For example, if Man United’s goalkeeper suffers an injury to his hand and cannot play in their matchup against Brighton, you should take that into consideration when making your totals bet. You don’t know if their secondary netminder is going to let in more goals or play better against Brighton then their primary goalie.