Questions about the role(s) of betting in sports.

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4
votes
2answers
58 views

Is betting on oneself to win or lose legal?

Is it legal for a player to bet on himself or on his team to win? to lose? For example, could a player from Chelsea FC bet that his team will win the Champions League next year? Or could Cristiano ...
0
votes
1answer
42 views

How to calculate the far and near price of betfair?

The documentation on Betfair for calculating near and far prices is quite brief. Could anyone here provide me with a worked example of how to calculate the far and near price for this data from ...
3
votes
3answers
99 views

Was Pete Rose busted for betting against his own team?

I understand the reason for the MLB's ban on betting against one's own team, but I don't understand why it is forbidden to bet for one's own team. Which did Pete Rose get busted for, and why is it ...
2
votes
2answers
196 views

Why is match fixing illegal?

With all eyes on FIFA in the past days, I tend to wonder, why match fixing (or tournament fixing) is illegal in any sport. I understand that fixing violates the rules of the governing body of a ...
3
votes
3answers
107 views

Combining Bets in sports

I am trying to come up with the most lopsided bet I could possibly do for the upcoming Barcelona vs Juventus final. I have a question about whether or not combining bets is possible. For this ...
3
votes
1answer
105 views

NFL betting odds during game?

I have a couple basic questions about NFL betting. 1) Are betting odds set in stone before the game begins, or do they evolve with the progression of the game? 2) What are "closing odds?" Are ...
5
votes
1answer
272 views

How do bookmakers get the lines so close on sports betting?

How is it that a bookmaker can offer a basketball game with say a +10.5 handicap on Team A, and the game finishes 110-100 or 101-90? The same thing seems to happen with the point total, they'll set ...
5
votes
1answer
255 views

sports odds explanation for NFL

I'm looking at sports odds at for the first time and am a little confused. I understands that if ATS (against the spread) is negative, then the home team is predicted to win. Also, SP (spread) ...
2
votes
2answers
48 views

Betting on even quotas

Assume that you want to bet for football game and the odds are as following: Victory Team 1: 2.30 No Winner: 3.00 Victory Team 2: 2.30 Is it correct, that in this case, the bookie considers both ...
3
votes
1answer
119 views

Before the season began, what odds did Vegas give the Orioles of winning the AL East in 2014?

Looking at various websites' pre-season predictions for the major league baseball teams, many at places like ESPN and MLB.com had the Red Sox and Rangers doing very well and the Orioles typically out ...
3
votes
1answer
133 views

What's the point of a half-point line?

In football betting, a "line" is provided by which the favorite team needs to win, in order for bettors to win that game. Sometimes the line is x.5 points. If it's impossible to gain half-points in ...
6
votes
2answers
185 views

How do NFL teams do in their last game if they have already clinched a playoff spot?

Do they tend to rest their good players so they don't have as many injuries going into the playoffs? Basically, I'm wondering if I should bet against teams with playoff locks if the matchup is ...
1
vote
0answers
104 views

Good resources for soccer statistics, news, etc? [closed]

I recently got $200 on a sports betting website as a gift from a friend, they have different sports but I am most interested in soccer. I have 0 experience in betting, and I also don't know much about ...
5
votes
2answers
4k views

Why do odds offered by the bookmakers tend to change rapidly during the last few minutes before the start of the game?

On several occasions, when checking odds offered by bookmakers, I have noticed that they have been changing rapidly as the time of the event get closer. (This was particularly noticeable during the ...
4
votes
1answer
723 views

How is potential profit from an arbitrage bet (a.k.a. surebet) calculated?

Arbitrage bet or surebet means betting on all possible outcomes in which you make profit independently on the result of the event. How exactly can I calculate whether given odds form an arbitrage and ...
3
votes
1answer
1k views

Win-Place-Show in Horse Racing

Horse racing (such as the Kentucky Derby) results usually contains the terms Win, Place, and Show, with the horse associated with each term. What is win, place, and show, and what significance does ...
5
votes
2answers
2k views

Is sport betting legal in Europe or America?

I tried to google, but could not get a clear picture. It is illegal in India to Bet on sports like cricket and football. Is it true that betting is not prohibited in USA or the European countries? I ...