author: betcreative   16 February 2016Print page

Bookmaker’s margin

The definition of bookmaker’s margin is one of the most important in the bookmaker vocabulary. Frankly speaking we deal with margin every day. What is margin? It is the difference between a product’s value and the market value of the same product/good.

Betting margin
Betting marginThe bookmaker’s margin calculation formulaWhat is the bookmaker’s margin?Dependence on the bookmaker’s margin
 
Betting margin
The definition of bookmaker’s margin is one of the most important in the bookmaker vocabulary. Frankly speaking we deal with margin every day. What is margin? It is the difference between a product’s value and the market value of the same product/good.
 
The bookmaker’s margin calculation formula
How to calculate the bookmaker’s margin? It is not as difficult as it can seem.
M = (1:K1 + 1:KX + 1:K2) – 1
Labeling:
  • M – bookmaker’s margin
  • O1 – odds for hosts’ win
  • OX – odds for a draw
  • O2 – odds for guests’ win
 
What is the bookmaker’s margin?
The bookmaker’s margin is an instrument in the hands of a bookmaker which allows him to earn on all placed bets. To be more specific margin in sports betting is a percentage level of income for a given bet. Using a literal scheme margin = income in this case for the bookmaker.
 
Dependence on the bookmaker’s margin

Margin does not have a constant value. A bookmaker decreases/increases margin depending on the tendency a player chooses. In such a manner due to such instrument a bookmaker can limit potential losses. Such situation is reflected in recessions and growths of bookmaker’s odds.

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