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A sport bet is a bet on a sport result. Sport bets are offered either for firm profit margins by a bookmaker or locked for variable ratios at the totalizer. Additionally stock exchanges so mentioned exist, with which the users over against each other bets know Internet.

In Germany daily some sport bets are offered by the nationally licensed offerer ODDSET. The sport bet is locked at one of the many ODDSET Annahmestellen in Germany or also in a special Bets to offer may do only, who possesses an appropriate license for the respective country. Internationally many companies offer in particular over Internet far more sport bets. A legal gray area remains however often the delivery by Internet, since it is possible to deliver from Germany a bet with an on-line bookmaker whose license is issued for Gibraltar e.g.

The offerer ODDSET is at present the exclusive legal offerer of sport bets in Germany. Sport bets are in Germany permission requiring - organizing without license and the participation in such sport bets in Germany are punishable after "§"§ 284, 285 penal code. Permissions are not no more given however by the Lands of the Federal Republic since years, whereby ODDSET takes a monopolistic position. To 28. March 2006 decided however the Federal Constitutional Court that a state monopoly for sport bets is compatible with the fundamental right of the occupation liberty kind 12 exp. 1 GG only if it is consistently at the goal of the fight against craze dangers aligned. It gave up to the legislator to regulate the meeting and switching of sport bets considering the constitutional defaults again by 31 December 2007.

Sport bets become for some years no longer only with the kinds of sport classical for it like e.g. Horse running or boxes delivered. Today the football sport bet dominates the European Cups on the plays of the European point leagues, and on international matches. Also dog running are - particularly in Great Britain - much likes; in the USA also gladly on baseball plays and American football is bet. In the Arab world, e.g. in Abu Dhabi enjoy of camel bets of large popularity.

Often several possibilities for only one sport event are possible except the normal victory bet: So can for example also on the half time conditions, which exact result or the sum total of the obtained points/gates etc. is bet.

In the football scandal 2005 became among other things by former DFB arbitrator Robert Hoyzer of plays from the 1. Federal league, the 2. Federal league and the regional league as well as the DFB cup manipulate, in order to obtain high profits with unusual results.

Bases

Offered with classical sport bets the customer a firm ratio for each result of a sport event, out to this can then the possible amount of profit be calculated. On everyone of the possible exits a bet can be platziert.

Example: A typical event could look as follows:

FC Bavaria Munich - Borussia Dortmund 1 1,80 X 3,20 2 4.00
The exit "“1"” represents here a victory as the first of the listed crew (Bavaria).
The "“x"” stands for an undecided, and
the "“2"” stands for a victory of Dortmund. With football bets and many other kinds of sport the home crew is according to standard in the first place called, the than the latter. With events, which do not have a clear home participant (for example Tennismatches), are incumbent on the listing sequence the bookmaker.

We close now a bet on a victory of Bavaria Munich

to a ratio of 1.80 and with a use from 15 euro, we receive our employment in the case of profit multiplied by the profit margin back. In this case the profit would amount to 27 euro (15 * 1.80). More correct it is however to compute the clear profit because the 15 euro employment keeps in each case of the bookmakers. The clear profit is calculated as follows: (Employment * (ratio - 1)), in our example thus (15 * 0.8) = 12 euro.

The ratios represent the implied probability for each possible exit of an event less a usually proportional bookmaker margin, which the ratios decreased (see bookmakers). With the national offerer Oddset lies this margin with approx. 20%. Other around so the disbursement ratio of a bookmaker can be computed, it amounts to one hundred per cent less the respective bookmaker margin. A disbursement ratio of 80% means: If one would set so much money on each exit of an event that one receives the same net profit with each possible result, one would get exactly 80% of the assigned capital back. For the customer therefore a disbursement ratio of 100% would have ideal bookmakers, however such a high payment for the offerer would be no longer economical.

If the bookmaker probably regards the entrance of a sport result as to 50%, he calculates the ratio for it as follows: (100/50%) = 2. This ratio is diminished now still by the bookmaker margin, so that it will be below 2. With a disbursement ratio of 80% it would lie for example at 1.60. The ratios for the further results of the event are calculated according to the same pattern, naturally must the total probability of all results exactly for 100% amount to. If it would lie over it, it would concern a Surebet, a safe bet. This seems in practice not with to the same bookmaker, but results from ratio fluctuations between different offerers.

For the sport weather the ratios are enormously important, because they determine the profit in case of a correct Tipps. A good procedure is here, itself an event to look at and probabilities to each exit provide (example: Bavaria 70%, undecided 20%, Dortmund 10%). Now one compares these probabilities with the probabilities of the bet offered implied by the ratios by the bookmaker. In addition one (100/ratio) counts, for above example in case of of Bavaria Munich resulted from it (100/1.80) = 55.55%. One probably regards a victory Bayerns as 70%, the bookmaker however only for 55%. It is necessary on a long-term basis to be able to estimate play results better than the bookmaker in order to obtain profits. The more largely the distance between these two probabilities, the more worthwhile the bet for the customer. One calls bets, whose implied probability provided on the part of the bookmaker smaller than is, also "“Valuebets"” ("“valuable bets"”). This is however only one guideline assistance from view of the respective weather. Another sport weather could a victory probable Bayerns only 30% consider, for it would be types on Bavaria thus none "“VALUE-pray"”.

If a bet does not possess a play exit, it is usually cancelled. Reasons for it can e.g. a play abort or illness and/or injury-caused absence of a tennis player to be. Each bookmaker is however authorized to embody the procedure in this case in his trading conditions.

Special bets

Often still many further bets than the classical victory bet (victory, undecided, defeat) can be locked on an event. This is different from bookmakers to bookmakers. Examples would be: "“Who leads to the half "”, "“traps of 0-2 gates or "”, "“as the exact final result and so on. That sport weather can often select from a multiplicity at special bets for in and the same event.


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