The Perfection Comes First for the PPH Service

Bookmakers are attracting more players, expanding the line of events, and analysts predict an intensive market growth. How bookmaking activity is regulated today and how are conflicts resolved between a bookmaker and a player?

According to analysts of the Rating Bookmakers service, the legal Russian betting market in the next five years may grow threefold and reach a volume of 1.2 trillion dollars. Now its volume (the total amount of all bets placed by players in the bookmaker offices) is about 403 billion dollars.

Credibility

The credibility of the bookmaker PPH Service is huge. 34% of the population treats it negatively. Meanwhile, this activity is regulated – legislation on gambling has existed since the 1990s, and it is constantly being amended. In January 2007, the Federal Law No. 244 “On State Regulation of the Organization for the Organization and Conducting of Gambling and Amendment to Certain Legislative Acts” came into force, which generally regulates the organization of gambling. As a result, bookmakers and sweepstakes became the only gambling establishments legitimate throughout the country.

The control and supervision of the betting market is carried out by the Federal Tax Service. From 2014, all holders of a bookmaker license must be members of a self-regulating organization of bookmakers (now there are two of them – “First SRO” and SRO “Association of bookmakers”). The 2014 amendments also legalized online rates via the Internet and defined requirements for companies that can accept bets online.

Sport and not only

Market participants note that in 99% of cases a betting company accepts bets on sports. Moreover, bookmakers exist at the expense of sporting events. The leader in betting is football, followed by hockey. Ten of the most popular sports also include tennis, volleyball, and basketball; in the season bets on biathlon are in great demand.

How it works

The player chooses the office, chooses an event in his line-up, on which he wants to bet, and makes a bet. When an event passes, he either gets a win or loses his money. To make a profit from the transaction to the player allows the coefficient (reflects the probability of winning), which exposes the bookmaker for each outcome of the event. To find out the potential gain, you need to multiply the bet amount by this factor. The higher the ratio, the greater the player’s income. It’s not worth waiting for high odds on the result, which is obvious. If a recognized champion and an eternal outsider converge in a match, then the coefficients for winning the first will be minimal and the income is insignificant. And vice versa – an unexpected victory for an outsider can make a player feel ashamed.

 

Knowing the coefficient, you can calculate the probability of winning. It is enough to divide the unit by a factor and multiply by 100. For example, a coefficient of 2.09 says that the probability of winning a bet is estimated by the bookmaker at 48% and for each ruble invested the player will get 2.09 dollars in case of victory.

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