Friday, 16 July 2010
The mutual bettings
With the legalisation of betting in France thanks to the new law for poker games and online bettings, it is important to understand how the betting system is working. The mutual bettings involve players to bet with each others. the money wagered by the players are pooled and are then redistributed according to stakes and the percentage levied by the betting operator. To simplify things, those who have lost pay those who have won. However compared to sports bettings the most important difference lies in the odds system. The mutual bettings offer ratings that reflect the approximate distribution of bets made by gamblers this means that the players themselves are giving the odds, of course, the exact final odds are often known only after the results. While for sports bettings the bookmakers edits the odds which is somewhat less fair comparing to mutual betting.
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