(Newswire.net — December 17, 2020) — The word rake is a term that is heard very often in the field of betting, but many players do not know what it means exactly and how important it is. A rake is defined as the certain amount of profit of the bet in the purchase of a game regardless of its final result.
Take, for example, a basketball match between two equivalent teams. Should their odds of winning by 50%, both should be offered at odds of 2.00 to win the match.
That is Group A (2.00) – Group B (2.00).
But why do the platforms offer the victory of both teams at 1.90 or even lower? The answer is why they have to win regardless of the end result if equal bets are placed on all possible outcomes. So, in practice, if you bet at NetBet Sport at odds of 1.90 in Group A $100, you will have a return of $190, the same in group B. Therefore, in a bet of $200, the bookmaker will have a definite profit of $10. So, this sure win is the rake.
Is the rake so important?
The answer is, YES. The bigger the rake, the smaller the winnings for the player. A rake is considered acceptable when it ranges between 5-8% and 4-6% in major leagues. Below 4%, the rake is very good for the player, but you will not come across it often, except for the top games. In the parole, the rake of the games is multiplied, which means that the losses in the games increase. In practice, when we say that a game has a rake of 6%, it means that if we bet for an equal profit on all possible results, we would have to bet $106 to win 100. So, the bookmaker would have a guaranteed profit of $6.
How to treat the rake
The number one rule to reduce the platform’s advantage is to play a few games; the less, the better. Books do not like players who play single games. Use e-wallets to play on the platform with the best performance. Many times, the platforms that make returns early offer much higher prices. If you think that the return on an event is more significant, then you should take advantage of it.
In summary, the rake is the A to Z of the well-being of the buck. Betting platforms are businesses and would have no reason to exist if their rake was zero; that is, they would operate without profit. For players, the rake plays a very important role in the monopoly when you have no alternatives or when you play on a specific platform on the internet. If you play on more platforms, you can bet on a 1% -2% rake, many times lower.
In closing, some may have wondered why betting platforms are also called bookmakers. It is revealed by the word itself, Book-Maker, that is, the one who makes the book. As a book, we refer to accounting. In other words, the bookmaker creates such a set of odds that, based on calculations, he attracts corresponding bets that will provide him with a balanced (in the exhibition = possible expenses) book (betting market). There is also the scenario that bookmakers used to keep a handwritten book and pay the players on specific dates or write down the debts, but this version is considered funny.