Sports betting is a game that consists of betting real money on an event that is going to take place in the world of sport. There are many variations in the types of bets, as well as in the systems of scoring and calculating winnings. The basic sports betting system simply consists of betting on the victory of a particular athlete or team in a team sport. The scoring system for each bet is closely linked to the country you bet in, as well as the betting intermediary you choose. It is this scoring system that allows the bettor to know in advance how much money he or she is likely to win in the event of a successful bet.
Legislation on sports betting
In France, sports betting was banned until June 2010. Since then, they have been allowed, provided they are registered by organisations that have obtained approval from the French government and a legal gambling licence issued by ARJEL, the French Online Gaming Regulatory Authority.
These betting registration offices, whether online or in town, in stadiums or bars, continue to be referred to as bookmakers. They are professionals in sports betting and prognosis, who will provide you with advice and deliver techniques based on probabilities that allow you not to win for sure, but rather to reduce the risk of loss.
In order to avoid the risks of collusion in arranged betting, the ARJEL has prohibited bookmakers from also being sponsors of major sports clubs until May 2010. Since then, it has issued authorisations on a case-by-case basis for online betting sites wishing to engage in sponsorship.
Another unavoidable rule of sports betting that is now authorised in France is that a player in the world of sport, a competitor, a coach, a club holder, who is also in contact with an online bookmaker, as a sponsor, cannot engage in sports betting activities. The clause prohibiting participation in sports betting activities is now included in the contracts binding players and athletes to their respective sports federations.
The most commonly used quotes
The odds are the percentage chance of the bet winning and determine the potential payout for each sports betting action. There are three rating systems: European, English and American.
- European odds: this is the one used it uses a decimal index: Odds x bet = win.
- English odds: On the other side of the Atlantic, “1” is added to the decimal index. This gives the following formula: Gain = stake x (odds +1)
- The American rating: The system works with negative or positive ratings: a rating of -X means that you have to bet a certain amount to reach a potential gain of 100th. On the other hand, an odds of +X means that you have to bet 100e for a potential payout of X.
The different sports on which you can bet
All major team sports are now involved: football, basketball, handball, rugby, volleyball.
Individual sports are not to be outdone: tennis, table tennis, athletics at major meetings.
Horse racing is also very popular
Since the legalisation of sports betting, online betting sites and bookmaker bars are recording an increasing number of bets. The craze for the activity is growing, the winnings redistributed are up to expectations and the adrenaline of the game is there. Players who stick to a budget and avoid the risk of personal bankruptcy are very satisfied with the fun aspect of sports betting, which adds an exciting financial touch to the purely sporting interest of the competitions.