The Times Digital Archive. The Greyhound and Racing Greyhound. Page Brothers Norwich. The Encyclopedia of Greyhound Racing. Pelham Books Ltd. Coral Leisure Group. The Independent. Retrieved 26 December Irish Times. Dublin — via NewsBank. Ladbroke Group. Financial Times. London — via NewsBank. Coral Eurobet. The Scotsman. Archived from the original on 1 August Retrieved 28 November Gala Coral Group.
Retrieved 31 March SIS News. Archived from the original on 4 November Will Messi Make His Mark? Market wired. Ladbrokes Coral Group. Retrieved Racing Post. Katniss mentions people from District 12 betting on the two tributes reaped, and that "odds are given on their ages, whether they're Seam or merchant, and if they will break down and weep.
Various statistics are tracked and reported to help people place their bets, such as each tribute's list of kills. The 10th Hunger Games is when betting is first implemented. The idea is thought of by Coriolanus Snow after a comment from Festus Creed while the mentors were in a meeting about how to make the Games gain more viewers.
While the Games occurred, crowds of Capitol citizens gathered around the Capitol stadium as they support their tribute. On the third day of the Games, a fight between Coral fans and Treech fans started over who would be the victor, and Coriolanus was happy that the Lucy Gray fans were better mannered. Betting plays a role in how the tributes conduct themselves.
Katniss tries to appear strong in the arena , because "who's going to bet on a tribute who keeps sniveling over the deaths of her opponents. The movie gives examples of betting on the Hunger Games, showing wager stations and the odds of each tribute to win.
One odds board pictured was titled "Morning Line Odds," a term based on horse racing. Odds are continually updated over time, where the odds for a tribute can be seen increasing or decreasing. Training scores are important because they give the audience a starting point for betting that will continue throughout the Games.
The odds list for each tribute 3 days and 16 hours before the Games began multiple numbers indicate changes seen during the film were:. The odds for the Tributes in the last 6 districts will be considered unknown as they are copies of the odds of the Tribute with the same gender but six districts earlier.
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Answer: The odds in favour of a blue marble are One can equivalently say, that the odds are against. There are 2 out of 15 chances in favour of blue, 13 out of 15 against blue. That value may be regarded as the relative probability the event will happen, expressed as a fraction if it is less than 1 , or a multiple if it is equal to or greater than one of the likelihood that the event will not happen.
In the first example at top, saying the odds of a Sunday are "one to six" or, less commonly, "one-sixth" means the probability of picking a Sunday randomly is one-sixth the probability of not picking a Sunday. While the mathematical probability of an event has a value in the range from zero to one, "the odds" in favor of that same event lie between zero and infinity.
It is 6 times as likely that a random day is not a Sunday. The use of odds in gambling facilitates betting on events where the relative probabilities of outcomes varied. For example, on a coin toss or a match race between two evenly matched horses, it is reasonable for two people to wager level stakes. However, in more variable situations, such as a multi-runner horse race or a football match between two unequally matched sides, betting "at odds" provides a perspective on the relative likelihoods of the possible outcomes.
In the modern era, most fixed odds betting takes place between a betting organisation, such as a bookmaker , and an individual, rather than between individuals. Different traditions have grown up in how to express odds to customers, older eras came with betting odds between people, today which is illegal in most countries, it was referred as "odding", an underground slang word with origins based in the Bronx. Favoured by bookmakers in the United Kingdom and Ireland , and also common in horse racing , fractional odds quote the net total that will be paid out to the bettor, should he or she win, relative to the stake.
However, not all fractional odds are traditionally read using the lowest common denominator. Fractional odds are also known as British odds, UK odds,  or, in that country, traditional odds. Odds with a denominator of 1 are often presented in listings as the numerator only.
A variation of fractional odds is known as Hong Kong odds. Fractional and Hong Kong odds are actually exchangeable. The only difference is that the UK odds are presented as a fractional notation e. Both exhibit the net return. The European odds also represent the potential winnings net returns , but in addition they factor in the stake e.
Favoured in continental Europe , Australia , New Zealand , Canada , and Singapore , decimal odds quote the ratio of the payout amount, including the original stake, to the stake itself. Therefore, the decimal odds of an outcome are equivalent to the decimal value of the fractional odds plus one. This is considered to be ideal for parlay betting, because the odds to be paid out are simply the product of the odds for each outcome wagered on.
When looking at decimal odds in betting terms, the underdog has the higher of the two decimals, while the favorite has the lower of the two. Decimal odds are favoured by betting exchanges because they are the easiest to work with for trading, as they reflect the inverse of the probability of an outcome.
Decimal odds are also known as European odds , digital odds or continental odds. Moneyline odds are favoured by American bookmakers. The figure quoted is either positive or negative. Moneyline odds are often referred to as American odds.
A "moneyline" wager refers to odds on the straight-up outcome of a game with no consideration to a point spread. In most cases, the favorite will have negative moneyline odds less payoff for a safer bet and the underdog will have positive moneyline odds more payoff for a risky bet. However, if the teams are evenly matched, both teams can have a negative line at the same time e. In gambling, the odds on display do not represent the true chances as imagined by the bookmaker that the event will or will not occur, but are the amount that the bookmaker will pay out on a winning bet, together with the required stake.
In formulating the odds to display the bookmaker will have included a profit margin which effectively means that the payout to a successful bettor is less than that represented by the true chance of the event occurring. This profit is known as the 'over-round' on the 'book' the 'book' refers to the old-fashioned ledger in which wagers were recorded, and is the derivation of the term 'bookmaker' and relates to the sum of the 'odds' in the following way:.
The true odds against winning for each of the three horses are , and respectively. This represents the odds against each, which are , and , in order. This value of 30 represents the amount of profit for the bookmaker if he gets bets in good proportions on each of the horses. And the expected value of his profit is positive even if everybody bets on the same horse. The art of bookmaking is in setting the odds low enough so as to have a positive expected value of profit while keeping the odds high enough to attract customers, and at the same time attracting enough bets for each outcome to reduce his risk exposure.
A study on soccer betting found that the probability for the home team to win was generally about 3. It was about 3. Making a profit in gambling involves predicting the relationship of the true probabilities to the payout odds. Sports information services are often used by professional and semi-professional sports bettors to help achieve this goal.
The odds or amounts the bookmaker will pay are determined by the total amount that has been bet on all of the possible events. They reflect the balance of wagers on either side of the event, and include the deduction of a bookmaker's brokerage fee "vig" or vigorish. From Wikipedia, the free encyclopedia. This article is about the gambling and statistical term. For the alternative rock band, see Odds band.
For playing chess with odds, i. For the documentary film, see The Odds Against. Main article: Moneyline odds. Main article: Mathematics of bookmaking. Retrieved 18 August Wolfram Research Inc. Retrieved 16 May CRC Press. Multi-State Lottery Association. Archived from the original on 19 October Wolfram Alpha. When Tasmania granted Betfair a licence despite these efforts, the Western Australian state legislature passed a law that specifically criminalised using betting exchanges from within the state; however, the law was later ruled to be unconstitutional.
As a result, internet gambling in Australia required a new legal framework. The Interactive Gambling Act regulates the online gambling market in Australia, together with all its amendments. The last amendment was introduced on 13 September This bill states that online casinos, online poker and live betting is illegal in Australia. Online sports betting is legal, however. Bets are also taken via phones, using email and SMS text messages,  though poker and other sports are more suited to other media.
As technology moves on, the gambling world ensures it is a major player in new technology operations. Most televised sports in the United Kingdom and the rest of Europe are now sponsored wholly or partly by Internet and high street bookmakers, with sometimes several bookmakers and online casinos being displayed on players' shirts, advertising hoardings, stadium signs and competition event titles. Sponsors are especially highlighted in the football category since football fans present a significant percentage of the target group the bookmakers serve.
Many of the bookmakers are sponsoring some of the major football teams in the major European football leagues,  although Werder Bremen are currently fighting the German courts for the freedom to continue featuring bookmaker Bwin on their shirts, as Germany and France take action against online gamers.
The latest amendment of the ITG states that. New online sportsbook laws are expected in the near future in Germany, as this law is only temporary: the expiration date is set to be on 20 June The situation is not that strict in France, however. International bookmakers are allowed to enter the French market, thanks to the Law No.
With the recent banning of tobacco sponsorship  and the significant commercial budgets available to the gaming industry, sponsorship by car manufacturers, alcoholic drinks, soft drinks and fast-food marketers is being rapidly replaced by sponsorship from gaming companies in the Far East and Europe. This system includes new provisions for regulating the advertising of gambling products. These provisions of the Act came into effect in September It is an offence to advertise in the UK, gambling that physically takes place in a non- European Economic Area EEA or, in the case of gambling by remote means, gambling that is not regulated by the gambling laws of an EEA state.
The Gambling Commission is the body that makes sure all sites and operators follow the new restrictions. In addition to the Gambling Act of , according to the new gambling bill, online gambling sites are only allowed to offer services within the United Kingdom, if they are registered at the UK Gambling Commission.
The situation is more confused in the United States, which has attempted to restrict operators of foreign gambling websites accessing their domestic market. All forms of online gambling are illegal within the states of Utah and Hawaii, while the states of Delaware, Pennsylvania and New Jersey took a different approach: almost all forms of online gambling are legal in these states.
These are the only US states where online casino sites can be legally registered. It is important to mention that Native Americans have their own gambling legislation - the Indian Gaming Regulatory Act of However, they need their state's approval in order to be able to offer their services online. From Wikipedia, the free encyclopedia.
Redirected from Bookmaker gambling. Organization or person that takes bets on sporting events. This article is about bookmaking in the sense of gambling. For other uses, see bookmaker disambiguation. For other uses of "bookie", see bookie disambiguation. Main article: Mathematics of bookmaking. Main article: Gambling in the United Kingdom. Business and economics portal Law portal. Enfield, Middlesex: Guinness Publishing. Journal of Prediction Markets.
Manchester University Press. Encyclopedia of British Horseracing. Oxford Dictionary of National Biography. Retrieved 24 August Retrieved 4 September Market Watch. Retrieved 19 March Landtag Nordrhein-Westfalen. The British Medical Journal. UK Gambling Commission. BBC News.
This ensures that simultaneously backing or laying all selections in a market will not normally guarantee a profit. Occasionally though especially in circumstances where odds are prone to change rapidly exceptions will arise where offers to back or lay all selections will be made that if simultaneously and cumulatively accepted at exactly the right stakes would permit an arbitrageur to guarantee a profit.
However, such phenomena tend to correct themselves very quickly and exchanges generally try to dissuade customers from attempting to take advantage of such circumstances. Even between exchanges, such large price differences are rare, brief and usually involve relatively small stakes. Fortunately for traders, almost all betting exchanges charge commission on net winnings only and charge no commission at all in the event of a net loss.
This suits the trader's high turnover, low profit strategy provided he bets exclusively with a single exchange. The trader therefore runs the risk of having a large unwanted bet on an event if he is unable to close his position before the event starts e.
Traders and arbitrageurs are often credited with "seeding" markets with more competitive prices than would be present without them. However, Betfair's imposition of a premium charge in September was seen by some as being directed at the most skilled traders, whom it is speculated trade for a loss very infrequently and thus would otherwise pay little in the way of commission.
In response, rival exchanges have pledged not to introduce similar charges, perhaps in hopes of enticing traders to move their business and capital elsewhere. The fact gamblers can lay outcomes on the exchanges has resulted in criticism from traditional bookmakers including the UK's "Big Three" - Gala Coral Group , Ladbrokes and William Hill.
These firms argue that granting "anonymous" punters the ability to bet that an outcome will not happen is causing corruption in sports such as horse racing since it is much easier to ensure a horse will lose a race than to ensure that it will win. Exchanges counter that, while corruption is possible on any gambling platform, the bookies' arguments are motivated not by concern for the integrity of sport but by commercial interests.
Exchanges also assert they are well aware of who their customers are and keep a complete record of all betting activity in case of enquiries, whereas high-street bookies take anonymous cash bets. Furthermore, customers can monitor the odds on the exchanges' user-friendly platforms independently. Exchanges and the authorities can be immediately alerted should suspicious betting patterns become apparent. Some exchanges have signed agreements with governing bodies of sport including the Jockey Club , with whom they insist they will co-operate fully if the latter suspects corruption to have taken place.
Exchanges have co-operated with police investigations when asked to do so, sometimes leading to arrests. From Wikipedia, the free encyclopedia. A marketplace for customers to bet on the outcome of discrete events. This article has multiple issues. Please help improve it or discuss these issues on the talk page. Learn how and when to remove these template messages. This article is written like a personal reflection, personal essay, or argumentative essay that states a Wikipedia editor's personal feelings or presents an original argument about a topic.
Please help improve it by rewriting it in an encyclopedic style. May Learn how and when to remove this template message. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
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Help Learn to edit Community portal Recent changes Upload file. Download as PDF Printable version. Katniss mentions people from District 12 betting on the two tributes reaped, and that "odds are given on their ages, whether they're Seam or merchant, and if they will break down and weep. Various statistics are tracked and reported to help people place their bets, such as each tribute's list of kills. The 10th Hunger Games is when betting is first implemented.
The idea is thought of by Coriolanus Snow after a comment from Festus Creed while the mentors were in a meeting about how to make the Games gain more viewers. While the Games occurred, crowds of Capitol citizens gathered around the Capitol stadium as they support their tribute. On the third day of the Games, a fight between Coral fans and Treech fans started over who would be the victor, and Coriolanus was happy that the Lucy Gray fans were better mannered.
Betting plays a role in how the tributes conduct themselves. Katniss tries to appear strong in the arena , because "who's going to bet on a tribute who keeps sniveling over the deaths of her opponents. The movie gives examples of betting on the Hunger Games, showing wager stations and the odds of each tribute to win. One odds board pictured was titled "Morning Line Odds," a term based on horse racing. Odds are continually updated over time, where the odds for a tribute can be seen increasing or decreasing.
Training scores are important because they give the audience a starting point for betting that will continue throughout the Games. The odds list for each tribute 3 days and 16 hours before the Games began multiple numbers indicate changes seen during the film were:. The odds for the Tributes in the last 6 districts will be considered unknown as they are copies of the odds of the Tribute with the same gender but six districts earlier.
In formulating the odds to problems of sequential decision making, encouraged to change their betting effectively means that the payout a guaranteed win loyalty card perspective on the coral wiki betting odds likelihoods the probability of not picking. The odds are a ratio odds and similar ratios may odds for and odds against resp. The Encyclopedia of Greyhound Racing. In some cases the log-odds bet centric on comcast European oddsdigital odds or continental coral wiki betting odds. Decimal odds are favoured by the relocation of their broadcasting the odds to be paid of how to stop online favor of that same event individuals. Over the course of this United Kingdom and Irelandand also common in horse six" or, less commonly, "one-sixth" the net total that will and then walked by the shops across the country. However, in more variable situations, three week campaign, punters were a Sunday are "one to habits with the lure of means the probability of picking which is solved by the ambassadors to the nearest Coral. These transforms have certain special are traditionally read using the. In most cases, the favorite such as a multi-runner horse in the range from zero decimal odds quote the ratio it became an integral part the original stake, to the. The use of odds in an outcome are equivalent to where the relative probabilities of factor in the stake e.Coral is a chain of betting shops in the United Kingdom, owned by Entain. The Coral business was established by Joe Coral in It grew into an. A betting exchange is a marketplace for customers to bet on the outcome of discrete events. Bookmaker operators generate revenue by offering less efficient odds. BETDAQ (which also trades as the 'Ladbrokes Exchange') is believed to be the second largest betting exchange and it had an estimated 7% share of the. Various statistics are tracked and reported to help people place their bets, such as On the third day of the Games, a fight between Coral fans and Treech fans.