What Are the Differences Between Football Pools and Fixed Odds Betting?
How does Football Pools wagering vary from different kinds of Sports Betting? Consider customary wagering on a horse race or the result of a solitary football match. A punter (somebody putting down a bet) is cited chances by a bookmaker ('bookie', turf bookkeeper, etc) either up close and personal, via phone or on the web. Presently, the chances that are provided when the cost estimate is first set depend on the bookie's underlying impression of the chances of a given outcome. As the occasion gets closer, the chances cited by the bookie 'float out' - that is, get longer (say from 4/1 to 10/1) or abbreviate (say from 4/1 to 7/2). However, clearly we're utilizing the UK fragmentary chances framework here, not US or European - this doesn't change the rule. Presently, this difference in chances is simply a consequence of the wagers that the bookie is getting and the cash the bookie has in danger. It isn't at all identified with the 'genuine chanc