What does the term "Bookmaker Margin" mean in 1xbet
In sports betting there many unique concepts - 원엑스. Newbies many of them may seem very difficult. Sometimes it concerns the term margin. Let's understand what it means this parameter details.For example we take bookmaker 1xbet.
The essence of the concept
The bookmaker margin is commission fees from each market. They appear as websites diminish the chances of a concrete outcome. For clarity consider situation with a coin.
The Player tosses a coin and waits for appearance of some result. Assume that reverse and obverse weigh the same. They do not differ in other parameters. Therefore appearance of certain result equals 50%.
Bookmakers' websites on similar results obliged to set odds 2.0. However brands give lower values. The difference is the bookmaker margin. The more different criteria, the more margin.
How to calculate margin
Betting sites do not disclose final levels of margins. However users be able to calculate these values themselves. At the same time spend a lot of effort and time will not required. All manipulations maximum easy.
For calculation player should apply convenient formula:
M = (1/K1 + 1/K2 + 1/Kn - 1)*100%
M – bookmaker's commission
K – quotes of all outcomes of the market
For ease of understanding calculate indicator using examples. Consider state of affairs continue on the presented earlier coin game.
Let's that betting company gives odds of 1.9 for each selection. As a result indicator calculated enough quick:
M = (1/1.9 + 1/1.9 – 1)*100% = 5.26%
The received numbers are the undeniable income of the company.
Note that as increase margins decrease quotes. Making betting becomes less profitable.
What affects margin
Represented parameter dynamic. The Rate may different for different outcomes of same match. Parameter determined by many factors:
1. Policy of the bookmaker. Often brands shape unique schemes of work. Some companies try to keep margin at low values. Some firms set indicators sufficiently large initially.
2. Bonuses. Often bookmakers set promotions "0% Margin". For certain markets parameter less 1%.
3. Type of market. Minimum values set for major markets. Into this category can assign "Game Result" and other options. Betting on statistics indicator increases.
4. Time before the start of the game. Usually fee decreases closer to start of game.
5. Type of bet. Often bookmakers raise amounts margins in stakes in live.
Important to understand that this criteria periodically changes. As a result we advise register an account with several betting sites. This will allow bet at the most big odds.