The prototype of a modern bookmaker’s office appeared back in 1766. At that time, the British Richard Tuttersall created a club and auction of thoroughbred horses, which opened the sweepstakes. Then members of the club were able to bid on horse racing. Already in the XIX century in London, Leviathan Davis and Fred Svindell began to distribute special sheets, which published the chances of winning the rival parties. Thanks to this, people were able to place their bets knowing in advance what the chances of winning were.
It is believed that the bookmaker business was formed in the XIX century. Since then, it has been actively developing around the world. And thanks to the development of new technologies, bookmakers began to provide their services not only in offline segment, but also on the Internet.
Today betting in https://africasports.ci/mozzartbet-cote-divoire-la-revue/ is considered one of the most promising and profitable areas of gambling business. In some countries, betting is conducted in the shadows. In other jurisdictions it is legalized and regulated by law.
The principle of operation of any bookmaker’s office is as follows. BC chooses events on which to bet. Each of these events has several options for the outcome. For example, a football match may end in favor of one or the other team, or a draw.
With the help of analysts, the bookmaker evaluates the probability of the outcome of the game. Then he sets the coefficient – the numeric expression of the probability of this or that event. This index allows the player to understand what potential winnings he can get for each particular bet. The higher is the probability that the event will end in a certain way, the lower is the odds.
BC clients make money bets, for example on the victory or loss of a team. In case the bettor’s forecast is successful, he will make a profit.