What is a ‘Betting Market’?
A Betting Market is the architecture on which betting opportunities are built, and the DNA code of any online betting site, especially sports betting websites.
‘Betting Market’ Explained
Online casinos offer a very wide selection of betting markets on every single match, with betting opportunities on more than 100 options within each one, where punters are given the flexibility of choosing which ones they feel has the best value. There are options to place a single wager on one of the betting markets, or to combine several in hopes of bigger returns.
Most Popular Sports ‘Betting Market’ Offers
The most popular sports betting market offers are Football, Horse Racing, Cricket, Rugby, Golf, Tennis, Greyhound Racing, and Formula 1 Racing. The best online sportsbooks and other betting sites offer an enormous number of betting markets across a wide range of games and events. That said, it is not only beneficial, but crucial to break down all this data in the rising sea of information to stay afloat and use it to your best advantage.
Most Popular Non-Sports ‘Betting Market’ Offers
The most popular non-sports betting market offers are Politics, Television Specials, Novelty, and One-Off Specials. In non-sports betting markets there may not be as many betting market models, however political events have many precedents and very high volumes, which are typically as cautiously priced as the most popular sports betting standards.
It is important to note that the betting market arrangement within certain non-sporting events and betting markets will vary significantly from online gambling sites and online sportsbooks. While some sites will offer an entire betting section dedicated to political betting markets, other sites may only include a few major political betting markets in their novelty betting market section.
Take note of how some of the best online betting sites display and develop betting markets with key considerations for those looking for a new bookmaker to bet with. It is worth noting that the sports and non-sports betting markets displayed above the rest, generally ‘above-the-fold’ on their home page, will offer the largest number of variations in wagers, therefore providing punters with a better chance of finding real betting value.
Experienced bettors will always investigate all the available betting market options, despite whether or not they are popular, because from experience, they know that some of the best betting values are found where least expected.
If you are planning to play the flexible stats-based systems, you should look for a wide range of different sports events to bet on, which will be quite beneficial for you, because no matter what kind of approach you have, there are many good betting opportunities found in surprising places.
You will also discover that there are significant differences between a betting market with high volumes of bets and those with a lower volume of bets, thanks to the oddsmakers who spend a great deal of their time analyzing the outcomes where big money is wagered, and little time on niche sports, so the niche sports betting markets are priced using basic calculations, which well-informed punters can exploit for better returns.
There more events that an online betting site or sportsbook chooses to cover, the better your chances are of finding untapped resources, and more favorable odds. Some sites specialize in the cverage of every aspect of the major sporting events, while others focus on coverage of a wider range of global events and tournaments.
Just to make sure you don’t miss out on something you will enjoy, make sure to check various sites at different times of the year, because many hidden gems are seasonal.
In the markets themselves, a shrewd gambler needs to look for range and depth, which means first of all, how many betting markets are offered and, then second, how many possible outcomes are available within each market.
Other factors to consider concerning odds, are that some better sites will offer more competitive odds in order to retain a steady flow of betters, whie others will offer outrageous odds to attract speculators, while others will offer frequent money-back specials and betting bonuses to reward and retain a loyal following of punters.
Take the time to carefully examine each site’s approach, and then determine which of these best suits your personal taste, betting style, and goals. If you continue to watch and monitor odds variations closely, you may even be able to engage in some arbitrage betting.
If you are not familiar with what arbitrage betting is, you will be happy to know that it is a way to make a constant profit from sports betting.
Another thing to consider when looking into betting markets, is how they stack. Accumulators can usually be created to pay out on predictions of 2 or more correct outcomes, which is usually a series of outright winners, for example, if you predict the winner of 5 different EPL matches.
Better online betting sites and sportsbooks will allow you to make creative combinations, and finding a site that allows you the freedom to be creative with your gambling style could mean great opportunities for bigger and better wins.