Importance of Setting Betting Limits for Bookies

A lot of people just see me as a sports gambler that likes to blog about the gambling and news that relate to gambling. While that is true, and mostly make a living gambling, I also run a small sports betting operation. After opening a sportsbook 8 years ago, I have learned many things. And today, I am going to share some of what I learned through this journey. One of them is the Importance of Setting Betting Limits for Bookies.

I am mentioning it because not all bookies have the same starting capital or operating fund as others. Some may have millions of dollars to play with while others only have a few thousand dollars. This is where the Importance of Setting Betting Limits for Bookies become crucial for having and starting a healthy bookie business operation.

In this tutorial

Why Betting Limits are Important for a Sportsbook – The Player Credit Limit

As a bookmaker, you will have various responsibilities that are solely under your control. One of these is establishing limits within your sportsbook. Newcomers to the pay-per-head sportsbook industry may wonder why it is necessary to impose such limits. Wouldn't this also restrict your potential profits? In certain respects, this is true; however, it is important to recognize that higher betting limits correspond to increased risks for your sportsbook.

So, what are these limits, and why are they essential in your bookie software?

There are two primary types of limits that you can implement for the players in your sportsbook. The first is the credit limit, which represents the maximum amount that players can borrow from you. There is no definitive formula for determining these limits; instead, you should rely on your understanding of the market and your level of trust in your players.

The second one is the Limit of how much a player can wager per game

Importance of Setting Betting Limits for Bookies – Betting Limit per game

An additional critical aspect of your pay per head sportsbook is the establishment of betting limits. As a bookmaker, you have the authority to determine the maximum wager for each individual player. Implementing such limits serves as an effective long-term strategy to prevent players from developing gambling addictions or becoming overwhelmed by their betting activities.

Furthermore, it is your responsibility to ensure that the betting lines remain balanced. If your sportsbook experiences a higher number of winners compared to losers, you will be liable for the excess payouts. Excessively high limits may complicate your ability to cover any winnings from wagers. This approach not only helps to regulate the players' bankrolls but also aids in mitigating your risk of incurring significant losses.

It is important to note that by utilizing a reliable pay per head provider, you can customize the betting limits for each player. Additionally, you have the flexibility to adjust these limits as needed, with changes being updated in real time.

Flutter has Concerns about Ireland’s Gambling Regulation Bill

Earlier this week, the gambling industry in Ireland went thru some major changes. This is because the Gambling Regulation Bill in Ireland passed both houses and will soon become law. Or at leas,t it will as soon as President Higgins signs uit. However, some sports betting companies and operators are not all on board with it. In fact, Flutter has Concerns about Ireland’s Gambling Regulation Bill or at least some parts of it.

This is because they have concerns as to how it will impact the horse betting market or those that want to open a racebook. In addition, they believe that it could create a rise in the illegal sports gambling market.

The Reasons why Flutter has Concerns over the Gambling Regulation Bill in Ireland

Flutter Entertainment has responded to the recently passed Gambling Regulation Bill in Ireland, which was finalized this week.

Initially introduced in late 2022 in Dáil Éireann, the bill has successfully navigated through both Houses of the Oireachtas. According to the pay per head industry, it is the first significant overhaul of gambling legislation in Ireland since 1956.

The legislation establishes the Gambling Regulatory Authority of Ireland, known as Údarás Rialála Cearrbhachais na hÉireann, and introduces various measures concerning advertising, the black market, and inducements. Additionally, it will create a Social Impact Fund and establish a National Gambling Exclusion Register.

In the lead-up to this significant development, industry stakeholders expressed concerns regarding certain aspects of the bill. The Irish Bookmakers Association (IBA) had previously communicated with Gambling Insider in May about potential “unintended consequences” stemming from the draft legislation.

Wider industry apprehensions have also emerged regarding issues such as stake and win limits, advertising restrictions, combating the black market, and limitations on inducements. Observers have noted the effects these measures have had in other countries and the potential implications for Ireland.

In light of the bill's passage, a spokesperson for Flutter UKI stated: “As a long-time advocate for regulation in Ireland, we welcome the new Gambling Regulation Bill but remain apprehensive about several unintended consequences.

“While we endorse many elements of the new legislation, we are concerned that its current formulation may adversely affect the future of horse racing in Ireland and could drive more players towards the unlicensed and unregulated black market.

 “Nonetheless, we are eager to collaborate closely with the new Gambling Regulatory Authority of Ireland to enhance standards throughout the industry.”

Use Multiple Sportsbooks to Increase Your Betting Profits

The majority of people that bet on sports, do it as a fun hobby to make the game more interesting. However, it does not mean that they do not care about winning their bets.  This is because there is nothing better than seeing your team win while at the same time profiting from it. Therefore, today we will teach you how to Use Multiple Sportsbooks to Increase Your Betting Profits!

When it comes to sports wagering, a bettor needs more than a feeling that a team will win.  At least, if the bettor wants to make money.  This is because to make a winning sports betting pick, a bettor needs information and a strategy.  However, a true professional bettor will also use different online sportsbooks to increase his odds of winning.

Why Use Multiple Sportsbooks to Increase your Betting Profits

A Bookmaker or sportsbook has the overall long-term advantage when it comes to making a profit. This is because they have more money which means the can play a lot longer than a player. Furthermore, their strategy for making a profit is different from a bettor.  This is because when sportsbook pay per head and bookies create the sports betting odds, they want bettors to wager on each side.

Since all sportsbooks have that strategy, then it means that different online sportsbooks will sometimes have different odds. This is because different sportsbooks will have different players that bet differently.  Thus, to equalize the betting, they will change the odds according to the way their players’ wagers.

Therefore, by using multiple sportsbooks, a bettor can look for sports betting odds that give them the most profit. The reason is because you can a bet on the same team but with different odds at a different sportsbook. For example, sportsbook 1 has the at -200 odds while another sportsbook has the same bet a -185. Therefore, if you take the betting odds at -185, then that means you risk less money to win the same amount.

Of course, this also works the same when you bet on the underdog.  Where you could win more by betting less money.

What is Line Shopping

A fundamental strategy for effectively utilizing multiple sportsbooks to enhance profitability is line shopping. This practice entails comparing odds across various sportsbooks to identify the most advantageous value for your wagers. Engaging in line shopping is crucial for anyone aspiring to be a successful bettor.

What Does Line Shopping Entail?

Line shopping refers to the examination of multiple sportsbooks to discover the most favorable odds for a particular event. Given that sportsbooks are in competition with each other, they frequently present slightly varying odds for the same game. This scenario provides astute bettors the chance to select the most advantageous line, thereby maximizing potential payouts.

For instance:

·         Sportsbook A might list the New England Patriots at -3.5, whereas

·         Sportsbook B lists them at -3.

By opting for Sportsbook B, you secure a more advantageous spread, thereby enhancing your likelihood of winning the bet. Even minor discrepancies in the lines can significantly influence your long-term success.

We recommend using BetOnline.ag as your primary or secondary sportsbook. This is because they have excellent betting odds, generous bonuses and fast payouts.

EveryMatrix Wants to Buy Fantasma Games for SEK 209.8 Millions

EveryMatrix Wants to Buy Fantasma Games for SEK 209.8 Millions in a public proposal to acquire all of their outstanding shares.  At the moment, the shares of Fantasma Games AB, a Swedish developer specializing in online casino games, are at a price of SEK 59 ($5.79) per share in cash.

This offer values Fantasma at approximately SEK 209.8 million. The company's shares are traded on the Nasdaq First North Growth Market. The proposed price signifies a 21.4% premium over the closing price of SEK 48.60 per share on 17 September 2024, which was the last trading day prior to the announcement. By acquiring Fantasma Games, it would greatly increase the number of casino games  can offer to their online casino clients.

Additionally, it represents a 27.7% premium compared to the 30-day volume-weighted average price and a 33.4% premium over the 90-day average price of Fantasma’s shares.

EveryMatrix, is an iGaming and sports betting software provider that has been growing at a tremendous rate. As of late, it has broadened its content offerings through various partnerships, including a recent collaboration with game studio Peter & Sons, which has enhanced the range of titles available on its iGaming platform, CasinoEngine.

EveryMatrix Wants to Buy Fantasma Games and Fantasma Board likes the offer

The independent bid committee of Fantasma, which includes board members Antonia Svensson, Johan Styren, and Johan Köningslehner, has advised shareholders to accept the offer.

This recommendation is bolstered by a fairness opinion from financial advisors at Svalner Skatt & Transaktion KB, affirming that the offer is financially sound.

Significant shareholders, who collectively hold 50.79% of Fantasma’s shares, including Fredrik Johansson and KL Capital AB, have indicated their intention to accept the offer, subject to specific conditions. For the acquisition to proceed, EveryMatrix must secure over 90% of the shares.

The acceptance period for this offer is set to run from 19 September to 10 October 2024, although EveryMatrix retains the right to extend this timeframe. The finalization of the transaction is contingent upon regulatory approvals and other standard conditions.

Fantasma emphasizes the conditions of the market and listings

In its recommendation of the offer, Fantasma’s Independent Bid Committee emphasized several key factors that shaped their assessment.

The committee acknowledged the strength of the provider’s business model; however, it cautioned that an unpredictable macroeconomic environment has significantly impacted sentiment in the capital markets.

The committee remarked: “Investors are increasingly favoring larger companies with a diversified revenue stream over smaller enterprises that depend heavily on individual projects.”

Additionally, it observed that numerous Swedish and international financial institutions have opted to withdraw from the iGaming sector due to new internal ESG guidelines.

Consequently, the committee contended that access to institutional capital for iGaming firms listed in Sweden is likely to diminish.

This situation, it stated, would complicate the ability to finance operations effectively as a publicly traded entity, while the advantages of being listed remain minimal.

The committee also underscored EveryMatrix’s pledge to retain all employees in the event of a potential acquisition.

The acquiring company stated: “EveryMatrix does not plan to make any significant changes to Fantasma’s workforce or management team. Nor to the current organization and operations, including employment terms and the locations of Fantasma’s business activities.” For those looking to become a bookie and are considering using EveryMatrix, this acquisition would increase the gambling options they can use for heir sportsbook.

If the acquisition is sanctioned, it would mark the company’s second acquisition in 2024, following its all-cash acquisition of FSB Technologies in July.

How to Play Blackjack

 

Blackjack is one of the most popular casino card games around the world.  This is because it is easy to learn and has some of the best odds of winning in a casino. Furthermore, whether you are playing at one of the best online casinos or in a land casino the odds do not change. Our How to Play Blackjack tutorial will help you understand the game so you can play in no time.

In addition, to teaching you how to play blackjack, we will also go over strategies to help you win. Thus, you will learn when to ask for another card, when to split your cards and more. Later on, we will go over advanced strategies to help you play like a pro!

How to Play the Game of Blackjack

Blackjack is also known as “21” and is not a competitive game between players.  Instead, it is a game where players try to beat the dealer’s hand without going over 21. The game starts with the player making a bet.  Then the dealer will give each player and himself two cards.  The players’ cards will be facing up, while the dealer will have one card facing down and the other facing up.

Once the cards have been given the dealer will then ask each player whether they want more cards.  A player can ask for as many cards.  However, if their total goes over 21 they lose automatically.

According to casino pay per head providers, the dealer is the last to receive cards.  If the dealer has 16 or less, the dealer has to draw a card.  If he has 17 or more, the dealer must stand.  In the end, players that have a higher score then the dealer win. 

In addition, if the dealer “busts” or goes over 21, everyone at the table wins!

The basic terms in Blackjack are:

Hitting – This is where the player asks for another card

Standing – This is where the player does not want another card

Splitting – This is where the player has the same cards and wants to split the cards into 2 separate hands.  In order to do that, the player must use place another bet of equal value as the first hand.

Doubling Down – This is when a player doubles his bet.  However, this means that the player can only ask for one more card. This can only be done before the player asks for his first extra card. Most players will double down, if they have a total 11 and believe the next card will be a 10.

Blackjack or 21 – This is when a player or the dealer gets a total of 21 for the initial hand.  Furthermore, this is an automatic win and usually pays 3 to 2.

Insurance – This is when the dealer shows an ace for his card that faces up.  When this happens, the player has the option to buy insurance. Insurance is available in all casinos in Georgia and around the world, This means that if you buy the insurance and the dealer has a blackjack, you will not lose your bet.  Thus, it will be a push.

Blackjack Odds of Busting

Odds of Busting Based on the First Card Drawn by the Dealer

Value of Cards	Dealer Busting %
2	35.3%
3	37.56%
4	40.28%
5	42.89%
6	42.08%
7	25.99%
8	23.86%
9	23.34%
10	21.43%
Ace	11.65%

 

Odds of Busting Based on the First Card a Play Draws

Value of Cards	Odds of Busting if Player Hits
21	100%
20	91%
19	85%
18	77%
17	69%
16	62%
15	58%
14	56%
13	39%
12	31%
11	0%

 Basic Blackjack Strategies

Since a player is only going against the dealer, the strategies for Blackjack are simple.  This is because in the end, it is all about numbers, mathematics and odds. Thus, by using the Blackjack odds percentage chart above we can deduct the following.

·         If a player has a hand between 2 and sixteen, they should hit

·         If a player has a hand total of 17 or above, they should stand

However, keep in mind that before they make a decision, they also need to look at the dealer’s card. From there, it is a matter of using both factors to figure out the best odds for you to win.

If you are thinking about playing blackjack online, we recommend reading how to choose an online casino.  This is because it will help you choose the best place to play blackjack on the internet.

Play BlackJack Online at Wild Casino

NFL Betting Guide – Exploring Other NFL Betting Options

In this NFL Betting Tutorial for beginners, we will explore Other NFL Betting Options that are a bit more complex. While some people may find them complex, they are simple once you understand them. Either way, they are a fun way to bet on the NFL while using your favorite sports betting app or website.

In addition, the different sports wagers make the game more exciting and, in some cases, have bigger payoffs. Furthermore, we will go over common betting terminology to help you understand the art of betting on the NFL better.

NFL Betting Options to Choose From

NFL Parlay Bets

A Parlay is an NFL Betting favorite amongst many people.  This is because it allows people to bet small while having a larger reward. A Parlay Bet is a combination of 2 or more bets which must all be won to win the bet. Since it is more difficult to win, the payoff is much larger than making 2 or more individual bets.

Parlays usually consist of 2 to 7 teams. The odds of a parlay depend on the money line and will vary accordingly.  For example, if you bet a 4-team parlay on the money line on teams for favorite teams then the payoff will be less.

 In General, the odds of winning the Parlay Bets are around the following:

·         2 Team Parlay: 2.5-1

·         3 Team Parlay: 6.5-1

·         4 Team Parlay: 13-1

·         5 Team Parlay: 25-1

·         6 Team Parlay: 50-1

·         7 Team Parlay: 100-1

NFL Teaser Bets

In sports gambling an NFL teaser bet is classified as a variant of a parlay bet. This type of wager permits the bettor to adjust the point spread for a particular game, thereby increasing the likelihood of winning the bet. However, in return for this advantage, the sportsbook will reduce the potential payout awarded to the bettor upon a successful outcome.

A teaser bet means you can bet on 2 or more games while adjusting the betting odds. Most sportsbooks will allow their bookie software to adjust the point spread up to 6-7 points.  However, there are many more options when it comes to betting on a teaser. In short, a teaser allows you to increase the odds of winning your wager.  However, the price of betting a teaser is that the winnings will be less.

Teaser bets can be formulated using nearly any assortment of smaller wagers, similar to a parlay bet. Including a greater number of individual bets in your teaser increases the potential payout, yet simultaneously makes the bet more challenging to win.

NFL Prop Bets

First off, what is a prop bet? A Prop bet is usually on an individual team or player’s performance.  For example, betting on the coin toss or betting that a player will score 30 points before the halftime. NFL Prop bets are especially popular during a major sporting event like the Super Bowl or the World Series.

Of course, NFL prop bets are not just limited to the outcome of a game. There is wide array of betting options is available for enthusiasts. NFL betting trends encompass prop bets, commonly referred to as side bets. These side bets may involve predicting the Most Valuable Player of a specific game, estimating the points a particular player will achieve, determining which team will accumulate the highest rushing yards, along with numerous other ancillary wagers that can enhance the excitement of the game.

NCAA Gives Jim Harbaugh a 4-year show-cause Punishment

On Wednesday, the NCAA has issued a four-year show-cause order against former Michigan coach Jim Harbaugh. The reason is because of unauthorized interactions with recruits and players during the restricted access period of the COVID-19 pandemic. This order effectively prohibits him from participating in college athletics until August 2028.

According to the NCAA, Harbaugh, who transitioned from his alma mater to coach the Los Angeles Chargers following last season's national championship, "engaged in unethical conduct, failed to foster a culture of compliance, and violated the responsibilities expected of a head coach."

According to bookie pay per head review news, previously, the NCAA had placed Michigan under a three-year probation, which included a financial penalty and limitations on recruiting, after reaching a negotiated settlement in this matter. Harbaugh did not accept the terms of the agreement, contesting the claims that he did not cooperate with investigators, leading to the separate handling of his case.

NCAA Gives Jim Harbaugh a 4-year show-cause Punishment for Recruiting Violations

The panel observed that Harbaugh's deliberate neglect of NCAA regulations and unethical behavior intensified the gravity of the situation, leading them to categorize his case as Level I-Aggravated. Consequently, the penalties imposed include a four-year show-cause order, which encompasses a one-season suspension for Harbaugh, as stated by the NCAA.

This recruiting matter is distinct from the NCAA's inquiry into allegations of unauthorized in-person scouting and sign stealing that disrupted Michigan's championship season in 2023, which resulted in a three-game suspension for Harbaugh by the Big Ten Conference.

A show-cause penalty necessitates that any institution wishing to employ a coach under such a penalty must present their case to the NCAA committee on infractions, justifying their desire to proceed. The NCAA's directive regarding Harbaugh commenced on Wednesday and will remain in effect until August 6, 2028. It mandates that any school seeking to hire Harbaugh must impose a suspension on him for the entirety of the first season. Those seeking to become a college bookie should not need to worry about since it should not affect the odds on the Wolverines game against Fresno state on August 21.

Following this period, Harbaugh will still be prohibited from engaging in any athletics-related activities, including team travel, practice, video analysis, recruiting, and team meetings, until the expiration of the order.

In-Person Scouting is Banned by the NCAA

The NCAA has prohibited in-person scouting, prompting an investigation into Michigan's purported system to assess its organization and the extent of knowledge among individuals involved. Stalions, who has refrained from cooperating with the NCAA's inquiry, is set to speak publicly on August 27 through the Netflix documentary "Sign Stealer," which will premiere on the platform.

 When questioned about the NCAA's notice regarding sign-stealing directed at the Wolverines, Harbaugh stated on Monday, "I do not apologize. I did not participate. I was not aware nor complicit in those said allegations."

The NCAA highlighted that Harbaugh could not recall any meetings with recruits, despite confirmation from at least one member of his staff and the families of the prospects. According to online sports betting News, one recruit distinctly remembered the coach "ordered a hamburger for breakfast, which 'kind of stood out' to him." Additional evidence presented by the NCAA included a text message sent by Harbaugh to a recruit.

The NCAA remarked, "Given the significant amount of reasonable, credible information in the record, Harbaugh's denials are not credible."

As Michigan prepares to defend its national title, news regarding Harbaugh's potential punishment and the sign-stealing scandal emerges.

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