Sportsbook Innovations
Author: Paul Mroczka
Author: Paul Mroczka
With the advent of the online sportsbook more than a decade
ago, the wagering landscape was forever changed. Suddenly,
those running gaming ventures and those looking to put money on
sporting events were provided with opportunities that up to that
point had been unimaginable. You no longer had to travel to
Vegas, walk to an Off-Track-Betting site or call your local
bookie. Simple wagering became simple to do.
Over the years, online sportsbooks have grown in number and
also services offered. It's a highly competitive field with
companies vying for billions of dollars each year. Innovation
is one manner by which each sportsbook has managed to create an
individual identity. To survive and thrive the online
sportsbook, an innovation itself born from the marriage if the
Internet and gaming, had to continue to be creative and unique.
One of the latest developments in online wagering involves your
cell phone and not your computer. The cell phone revolution
continues to link consumers with various services that have
little to nothing to do with speaking directly to another
person. Some online sportsbooks are starting to offer betting
opportunities via your mobile phone. No need to have access to
a PC; you can place your bet, check lines or find out results
via your cell or Personal Digital Assistant (PDA). The service
itself is free and involves a simple download.
First-rate online sportsbooks are constantly searching for ways
to create new interest and enliven the betting scene through
unique wagering opportunities. A few years ago the If bet came
into being. If bets vary from sportsbook to sportsbook and some
sites don't offer them at all. But the basic If bet is made up
of 2 to 5 straight bets, each of which is joined or bridged by
an "if" clause.
With this type of wager in a 5-game If bet, the second bet is
only processed "if" the first bet is won (or in some cases ends
in a push or is canceled). The third bet is alive only if the
second bet is a winner and so the string continues. However,
let's say that the third bet loses; then that would mean that
the final two wagers are pulled and the bettor conserves that
cash, losing less than he or she would in a straight parlay.
The If bet allows someone to wager on a lot of action while
still retaining some control over the amount of money they bet.
Unlike the parlay, this type of action is terminated once the
bettor loses, thus saving him or her some cash.
The If bet has also morphed into the reverse bet. This is a
series of If bets going in both directions—forward and reverse.
Here's an example of a reverse bet that involves single action
(meaning to pay off a team must win; there cannot be a tie).
There are two parts to this wager. In the first part, you bet
on the Chicago Bears (-8) $110 to win $100 and the Miami
Dolphins (-175) $110 to win $63 and in the second part, you
wager on the Miami Dolphins (-175) $110 to win $63 and the
Chicago Bears (-8) $110 to win $100. If everything goes the way
you want it to your wager of $220 will result in a $326 profit.
Here are four possible outcomes. If both the Bears and Dolphins
win then you see $163 on the first part and $163 on the second
part, for a total of $326. If the Bears win and the Dolphins
lose, then you'll lose $10 on the first part of the wager and
$110 on the second part, for a total loss of $120. Finally, if
the Dolphins win and the Bears lose, you'll lose $110 on the
first bet and $47 on the second, for a total loss of $157. The
only way you can lose the maximum amount of money—your full bet
of $220—is if both clubs lose. As with other if bets, this is a
way to reduce your losses and still benefit from your wins.
Bonuses have been around since the start of online sportsbooks
but some sites are more generous with their bonuses than
others. Bonus opportunities change all the time as does the ebb
and flow of money being bet. Bonuses are often related to the
amount of money deposited or wagered and are usually given as
percentages.
As an example, if you sign up with an online sportsbook and
deposit $500 in your account and the site currently has a 30%
bonus incentive, then you would receive a bonus of $150. That
$150 would also be in your account, for a total of $650. So,
instead of having $500 to gamble with, you now have $650.
Other bonuses are often given to subscribers for referrals,
additional deposits and even for winning. Some sportsbooks
offer a rewards program in which a participant can earn points
for wagering, referrals and taking part in special betting
opportunities. Those points can then be redeemed for various
goods, services and even cash.
Bonus programs vary greatly from sportsbook to sportsbook. Why
offer a bonus? For the sportsbook, they're a good way to
attract clients and keep them involved in the site. For the
bettor, bonuses give them a bit more bang for their buck.
Although innovation is an important aspect of online
sportsbooks, perhaps the most significant attribute is a
company's reputation and history. If you subscribe to an
undependable site, all the innovation in the world won't mean a
thing. Always go with an online gaming service that is
trustworthy and has a solid track record. Sportsbooks are
reviewed by the Off Shore Gaming Association (OSGA), which is
an independent organization dedicated to helping consumers find
and utilize reputable gaming sites. Look for a sportsbook that
is both innovative and dependable and you'll end up with a
winner. And isn't that the goal of every bettor?
About The Author: By Paul Mroczka sponsored by
http://www.betmaker.com/. Betmaker offers a safe, secure and
reliable wagering environment for poker, casino and Sportsbook:
http://www.betmaker.com/ enthusiasts. Please link to this site
when using this article.
ago, the wagering landscape was forever changed. Suddenly,
those running gaming ventures and those looking to put money on
sporting events were provided with opportunities that up to that
point had been unimaginable. You no longer had to travel to
Vegas, walk to an Off-Track-Betting site or call your local
bookie. Simple wagering became simple to do.
Over the years, online sportsbooks have grown in number and
also services offered. It's a highly competitive field with
companies vying for billions of dollars each year. Innovation
is one manner by which each sportsbook has managed to create an
individual identity. To survive and thrive the online
sportsbook, an innovation itself born from the marriage if the
Internet and gaming, had to continue to be creative and unique.
One of the latest developments in online wagering involves your
cell phone and not your computer. The cell phone revolution
continues to link consumers with various services that have
little to nothing to do with speaking directly to another
person. Some online sportsbooks are starting to offer betting
opportunities via your mobile phone. No need to have access to
a PC; you can place your bet, check lines or find out results
via your cell or Personal Digital Assistant (PDA). The service
itself is free and involves a simple download.
First-rate online sportsbooks are constantly searching for ways
to create new interest and enliven the betting scene through
unique wagering opportunities. A few years ago the If bet came
into being. If bets vary from sportsbook to sportsbook and some
sites don't offer them at all. But the basic If bet is made up
of 2 to 5 straight bets, each of which is joined or bridged by
an "if" clause.
With this type of wager in a 5-game If bet, the second bet is
only processed "if" the first bet is won (or in some cases ends
in a push or is canceled). The third bet is alive only if the
second bet is a winner and so the string continues. However,
let's say that the third bet loses; then that would mean that
the final two wagers are pulled and the bettor conserves that
cash, losing less than he or she would in a straight parlay.
The If bet allows someone to wager on a lot of action while
still retaining some control over the amount of money they bet.
Unlike the parlay, this type of action is terminated once the
bettor loses, thus saving him or her some cash.
The If bet has also morphed into the reverse bet. This is a
series of If bets going in both directions—forward and reverse.
Here's an example of a reverse bet that involves single action
(meaning to pay off a team must win; there cannot be a tie).
There are two parts to this wager. In the first part, you bet
on the Chicago Bears (-8) $110 to win $100 and the Miami
Dolphins (-175) $110 to win $63 and in the second part, you
wager on the Miami Dolphins (-175) $110 to win $63 and the
Chicago Bears (-8) $110 to win $100. If everything goes the way
you want it to your wager of $220 will result in a $326 profit.
Here are four possible outcomes. If both the Bears and Dolphins
win then you see $163 on the first part and $163 on the second
part, for a total of $326. If the Bears win and the Dolphins
lose, then you'll lose $10 on the first part of the wager and
$110 on the second part, for a total loss of $120. Finally, if
the Dolphins win and the Bears lose, you'll lose $110 on the
first bet and $47 on the second, for a total loss of $157. The
only way you can lose the maximum amount of money—your full bet
of $220—is if both clubs lose. As with other if bets, this is a
way to reduce your losses and still benefit from your wins.
Bonuses have been around since the start of online sportsbooks
but some sites are more generous with their bonuses than
others. Bonus opportunities change all the time as does the ebb
and flow of money being bet. Bonuses are often related to the
amount of money deposited or wagered and are usually given as
percentages.
As an example, if you sign up with an online sportsbook and
deposit $500 in your account and the site currently has a 30%
bonus incentive, then you would receive a bonus of $150. That
$150 would also be in your account, for a total of $650. So,
instead of having $500 to gamble with, you now have $650.
Other bonuses are often given to subscribers for referrals,
additional deposits and even for winning. Some sportsbooks
offer a rewards program in which a participant can earn points
for wagering, referrals and taking part in special betting
opportunities. Those points can then be redeemed for various
goods, services and even cash.
Bonus programs vary greatly from sportsbook to sportsbook. Why
offer a bonus? For the sportsbook, they're a good way to
attract clients and keep them involved in the site. For the
bettor, bonuses give them a bit more bang for their buck.
Although innovation is an important aspect of online
sportsbooks, perhaps the most significant attribute is a
company's reputation and history. If you subscribe to an
undependable site, all the innovation in the world won't mean a
thing. Always go with an online gaming service that is
trustworthy and has a solid track record. Sportsbooks are
reviewed by the Off Shore Gaming Association (OSGA), which is
an independent organization dedicated to helping consumers find
and utilize reputable gaming sites. Look for a sportsbook that
is both innovative and dependable and you'll end up with a
winner. And isn't that the goal of every bettor?
About The Author: By Paul Mroczka sponsored by
http://www.betmaker.com/. Betmaker offers a safe, secure and
reliable wagering environment for poker, casino and Sportsbook:
http://www.betmaker.com/ enthusiasts. Please link to this site
when using this article.
