WHATS The Betting Gaming Council And What Does It DoBetting Systems Explained
In July of 2019 it was confirmed that the Betting & Gaming Council would launch, replacing three different bodies in the form of the Remote Gambling Association, the Association of British Bookmakers and the National Casino Forum. It had been presented as a fait accompli, with the RGA and ABB winding up as a result of its launch.The most obvious questions in the aftermath of that is what exactly its job is and whether it's really needed. Were the RGA and ABB two pointless organisations, or was there just so much crossover that putting them together made sense? The newly formed body represents around 90% of the betting firms which are licensed for business in britain.Before looking at the Betting & Gaming Council in greater detail, it's first worth considering what the Remote Gambling Association and the Association of British Bookmakers actually did. The RGA was itself formed out of a merger of two different trade bodies, getting into being on the 1st of August in 2005 when the Association of Remote Gambling Operators and the Interactive Gaming, Gambling and Betting Association joined forces.A trade association that represented members of the gambling industry that offered their services online to Europe, it was located in London and Brussels. It was the largest such association on the globe and offered a single voice for the gambling industry on important issues such as for example regulation and legislation. It is the online side of things that is the most important, given that it is what allowed the RGA to differ significantly in its role from the ABB.The Association of British Bookmakers did most of the same things because the Remote Gambling Association, with the major different being that it acted with respect to bookmakers that were land-based. It was the premier trade association for physical bookmakers which were not based on racecourses, with around 85% of land-based bookies represented by the ABB. With integrity, safety and purpose being at the top of the ABB's set of priorities, it had been an organisation that strived to utilize lobbyists in order to provide an environment for punters that was safe and secure.You can see from reading about those two organisation that there was a lot of crossover in what these were doing. Both were representing two sides of the same coin, fighting on behalf of the bookmakers and their various operations. Nowadays the web side of the market is continuing to grow to become larger than ever, with the Remote Sector contributing ï¿½5.3 billion of the overall ï¿½14.4 billion Gross Gambling Yield of the gambling industry between April 2018 and March 2019.Whilst there are numerous of bookmakers with both an online and a high street presence, there are now virtually no bookies that operate on the high street but not online. That meant that the ABB was becoming less relevant with regards to fighting for the reason for bookmakers and the RGA was becoming more important, given the point that a lot of bookies rely more on the online income than they do the money that comes into them from physical punters. As that became clearer and clearer, in addition, it meant that the status quo wasn't sustainable.Because of that the idea of offering one unified voice for the became an important one. It really is perhaps best summed up by Paul Darling, the former Chairman of the Association of British Bookmakers who said about the BG Council's formation, "I welcome the creation of the Betting and Gaming Council which will enable the sharing of best practice across the industry and significantly increase the capability for innovation on new safer gambling measures".The betting industry is worth a lot more than ï¿½14 billion to the British economy, with an increase of than 100,000 people employed by the various companies which exist within it. The newly formed body includes a mission of 'championing' industry standards and also ensuring that customers can enjoy a safe, fair and, where possible, enjoyable betting experience from the various members of the BG Council. That was the sentiment expressed by Brigid Simmonds, the Chairperson, upon its launch.
One of many chief aims of the Betting & Gaming Council, at least during its formative months and years, would be to tackle the problem of problem gambling and the industry's approach to it. The hope is that it can help to increase public trust of gambling firms, setting a 'high standard' for coping with problem gamblers and the way that they're handled by the betting sector all together. The first section of that aim is the creation of a new code of conduct, which all companies joining the association should register with.The Betting & Gaming Council has been setup to work closely with the United Kingdom Gambling Commission, that is the country's regulatory body for gambling. The pair of organisations will continue to work together to introduce a nationwide strategy to combat gambling related harm, with a message promoting responsible play at the heart of this. The BG Council may also work in tandem with GamCare and the Young Gamers and Gamblers Eduction Trust in order to educate teenagers about safer gambling.
Representing around 90% of the gambling industry excluding lotteries, the Betting & Gaming Council has submit a number of 'enforceable commitments' for its members. The members are therefore 'obliged' to take into account those commitments in all of its dealings. As the BG Council doesn't technically answer to any specific government department or minister, they do work in close association with Members of Parliament so that you can further the agenda of the gambling industry members that the Council represent.Members also consent to adhere to both the Industry Group for Responsible Gambling's Code for Socially Responsible Advertising and the Gambling Anti-Money Laundering Group's aims of combatting money laundering. They will use the financial services industry in addition to advertising bodies, national stakeholders and other members of the gambling industry to ensure that things work as smoothly as you possibly can in the transition.
Betting systems rely on mathematical probabilities to ensure you do not lose. The problem is this isn't quite true, the laws of maths and physics means data doesn't often match a nice tidy bell curve and some bad results can commonly occur. Should you have an unlimited pot of money to bet with then the theory is true, you won't ever lose using a betting system, but nobody comes with an unlimited pot of money.From progressive to regressive, Martingale to hedging and arbitrage, this guide lets you know all you need to learn about sports betting systems, what they're, where they came from and the theories behind how they work. We also discuss whether any actually work, if they are legal and when you could be banned for with them.Here we discuss betting systems instead of system and permutation bets, such as Lucky 15, etc. Details of these are available in our bet types section,We categorically usually do not support the usage of betting systems as a sure fire way to win. Whilst many people have won big money using these systems ultimately far more people have fallen on the incorrect side of probability and lost. The short answer is no, unless you cheat, which is illegal, rather than very fun for other punters anyway.Think about it in this manner, bookmakers and casinos are effectively glorified accountants and statisticians, just with flashy lights and tantalising features - everything they offer has a margin for profit. Operators spend a fortune on spotting system bettors, and believe me they are aware of every trick in the book. At best you'll win for a while but eventually you'll either lose by the laws of probability or the operator will terminate your account.You will find many punters letting you know that betting systems work, either known systems or ones created by them. This means one of three things:They are cheating and therefore this is simply not a betting system it really is cheating.They have been lucky and at some point they will lose should they keep playing.They're lying about their loses.No, a betting system merely exploits the statistical possibility of a series of events happening. In theory, sufficient reason for an unrestricted bank roll, you may use these probabilities to win in a completely legal way. Even card counting is legal in principle as this depends on statistical factors. The grey area comes in if you are using external devices or spotters to aid the player, in which case this contravenes the laws of the games.You will find a difference in what's classified as cheating under law (effectively fraud) and what's classified as cheating by way of a caisno or bookmaker. If you use pure skill all on your own, such as counting cards, to improve your likelihood of winning then many operators would call this cheating. While they have every right to request you to leave or stop your from playing, as these are private companies and premises plus they can do what they need, this ins't actually cheating. If however you use accomplices to state look at other peoples cards or let you know their own cards, then this is cheating.While betting systems, such as card counting, are not illegal they are not supported by most bookmakers and casinos who object to the practice and will try to prevent it. Operators at the end of the day are private businesses and can easily ban, or severely restrict your account, you should they think you're using certain systems.Interestingly there are several historic cases where operators have been banned from excluding punters that use betting systems. In Atlantic City (state of New Jersey) a Supreme Court decision in 1979 set a precedent for the legal use of card counting. Ken Uston took a casino in the city to court claiming card counting is really a skill and casinos did not have the proper to ban players simply because they were skilled, he won the case.The casinos were clever though and increased the quantity of counter measures they used against skilled players. These ranged from using high speed dealers to highly advanced computer systems to identify suspects.UK online bookmakers have the right to terminate your account if they believe you are attempting to use betting systems. There isn't a lot that you can do in this instance but if you believe you have already been unfairly discriminated under this pretence then you can certainly make a complaint. See our article on how best to make a complaint against a bookmaker.Although an operator can suspend your account every time they wish they cannot refuse to pay you from a settled bet unless they can prove you directly contravened their terms. Even then when you can prove those terms are unduly harsh or unfair you might still even have a case.It is the common, and mistaken, belief that if an occurrence happens more regularly than probability dictates in the here and today then it'll happen less often in the future. This is plainly wrong.If you flip a coin also it lands heads up 5 times in row on the sixth flip the chances of getting a head is still even irrespective of the prior results. Effectively in a game or scenario where events are independent (not linked) then your previous outcome does not have any bearing on another outcome.Gamblers fallacy is a common reason punters chase loses, it can also be a standard sign of addiction sometimes. The best thing to do to avoid this happening would be to set yourself a budget and target before starting to gamble. In the event that you reach some winnings or loses then quit, don't continue to chase further winnings or win back lost stakes.This is the profit margin built into a game or event by the bookie or casino. Within the next section we discuss systems useful for even money betting. Roulette being the most frequent example. The problem is in real life, when betting commercially, will there be is no such thing being an even bet. The zero for example on the roulette wheel is neither black, red, odd and even meaning that betting on supposedly 'even' roulette bets can't ever be even. There is a 1/37 potential for neither result occurring. That is worse with American roulette that also offers a double zero, this means you will find a 2/38 chance in neither result occurring.House edge, vigorish, margins, whatever you want to call it, is the ultimately reason any fair betting system will fail. Over time you simply cannot beat probabilities and unless you will find a mathematical loop-hole you can exploit (and there will not be because these are multi-billion dollar games and businesses) then, over time, the home will always win. The systems described further down this article such as Martingale are best used when betting on even money. These can happily be used for sports betting on even odds but in general are more suitable for fixed odds games. There are some betting systems more commonly found in sports betting that we will discuss here:
Arbitrage Betting.This basically exploits the fact that individual bookmakers set their own odds lines and therefore there's natural variation on the market. Colloquially this is known as arbing. For instance Liverpool are playing Manchester United. Two bookmakers are giving different odds on the draw no bet market, one bookie is giving 6/5 (2.20 in decimal) on Liverpool and another 6/5 on Manchester United. If you bet ï¿½100 on both lines with both bookies in this case you're guaranteed to win ï¿½20 if either team wins and when it?s a draw you will get your stake back as it is really a 'draw no bet'. This is now a no lose bet.This technique can be used theoretically on any market where outcomes can be found differentially between bookmakers. Be careful doing this. To begin with if you are found to be carrying it out the bookie will ban you, the may also likely circulate your credentials and you'll be banned from a group of operators. Secondly many of these arbitrage bets have small margins and this means you have to stake large amounts, suspicious alone. Finally different terms and conditions between bookmakers can land you in hot water. What happens if one bookie voids the bet in accordance with their terms however the other bookie doesn't?In the modern world of online betting this can make you short-term rewards but you'll be found out rapidly. Whereas the practice is not strictly illegal very few operators will tolerate it. Generally they'll drop your bet limits so low that arbing becomes futile.
Handicapping.A handicap assigns an edge or disadvantage to an outcome to equalise the chances of winning. In sports betting that is popular to normalise odds in instances where there is a strong favourite.Handicap betting is really a popular bet form in arbitrage betting. If, for instance, one sportsbook offers a 3 point advantage on team A at favourable odds in a Rugby match and another book offers a 3 point advantage on team B at favourable odds in exactly the same match. Backing both outcomes independently means it is possible to win both of the bets if either team wins by 2 points or less. If one team wins by 3 points or more you will still win at least one bet.Hedging.This is where we obtain the phrase hedging your bets. Additionally encountered in investment markets the principle would be to offset potential loses or gains by making a second investment or bet.
This is the great betting option when done using live betting in play online. For instance, without a doubt on Everton to beat Arsenal 'draw no bet' at probability of 2/1 with ï¿½100, potentially giving winnings of ï¿½200. Everton are winning 1-0 and now the odds on Arsenal beating Everton 'draw no bet' may also be 2/1 to help you now hedge your bet and stake ï¿½100 with this line. Whatever the outcome you'll stand to win ï¿½100.Hedging is very common when using exchange betting, through operators such as Betfair. Essentially both backing and laying at a favourable price will always ensure a profit. Avoid commission rates though that you'll need to factor in.In general all even money betting systems fall into either a progressive or negative progression category. We will discuss actual systems within the next section. Regardless of the system these will at best help you win money in the short term but cannot be relied to ensure endless winnings.
Positive Progressive Betting Systems.The essential concept here is to improve your stake when you win and these systems have become popular in casino games such as roulette. Increasing your stake every time you win but decreasing once you lose was created to minimise loses. For example say you are playing roulette and betting on red with a starting stake of ï¿½10. Each time you win you add another ï¿½10 to your bet and each time you lose you reduce your bet by ï¿½10.
In the event that you were to win 4 times in a row you would win ï¿½100, ï¿½10 first spin, ï¿½20 second, ï¿½30 third, ï¿½40 fourth, and so on. If you then lost your fifth spin in cases like this betting ï¿½50 then you would be ï¿½50 up. Alternatively for those who have a 4 spin losing streak your stake would always remain at ï¿½10 and that means you would only lose ï¿½40 in this instance.This can maximise your profit if you do have a winning streak but it doesn't actually change the probability of winning or losing. The only good thing about this is it can keep your loses down during losing streaks.Negative Progression Betting Systems.Essentially this is actually the opposite of positive progression. Here you boost your stakes when you lose, the idea being that you will win eventually and get all your loses back. The problem is there is no limit on the number of times it is possible to lose and can be your bankroll strong enough to survive a long run losing streak using this system?
Lets say here you start with a stake of ï¿½10 also betting on black. Each time you lose you double your bet. If you lose 7 times in a row for example this would cost you ï¿½1270 (10+20+40+80+160+320+640), so as to wager an 8th spin it is advisable to wager ï¿½1280, this would require a total bank roll of ï¿½2680. Now even though you win on the 8th spin you will only win ï¿½10.
You can win and make a profit form negative betting but eventually your luck will run out. In the event that you had a ï¿½3000 bank roll then 8 loses would wipe you out using the above example. The likelihood of losing 8 times, if say the chances were exactly even, that they are not, would be 256/1. That might seem like a whole lot but a roulette table with a spin every three minutes would, typically, see this happening every 12.75 hours. Think of the number of roulette tables on the planet (online and real world) and this tells you just how often this may happen