A book maker’s job isn’t easy, it’s a world of jargon & calculations and if you want a job with a freebet company you would benefit from knowing as much as you can in advance.
In the simplest of terms, betting is placing money on the likelihood of an event taking place. If that event happens you get your money back plus winnings related to both your original stake and how likely the book maker thought the event was. If you are correct you win & if you are wrong you lose.
There are experts working at the book makers who job it is to work how likely any event is to happen. The less likely the event is the more anyone who bets on that occurrence has the chance to win if it happens. The process behind choosing these odds is complex, relying on form, betting that has already taken place & the price being offered by rival firms.
While the basics behind betting are straightforward there are number of more complicated bets which can be placed by gamblers, each with their own name and intricacies.
The easiest of these more complicated bets to understand are singles, doubles & trebles. As the name implies these bets are where one bet is made on a number of events occurring. One in a single, two in a double and so on. For the bet to be successful each of the events has to occur. The benefit of these types of bets is that as each bet is successful the money wagered on the next event is the money won from the previous winning bet.
When more than 3 events are part of the bet they become known as Four Fold Accumulators, Five Fold Accumulators etc. With every additional event added to the accumulator the event becomes statistically less likely but the potential rewards for being correct get significantly higher. For those hoping to win major money from gambling accumulators are more appealing than bets on unlikely events, as each of the bet individual bets might not be that unlikely, but collectively are unlikely.
There are a number of other interestingly named combination bets such as a Trixie. This consists of 4 bets involving 3 selections in different events. The bet includes 3 doubles and 1 treble. At Least 2 selections must be correct for a gambler to collect winnings.
A Patent works on a similar principle and is made up of 7 bets with 3 selections in different events. The bet includes a single bet on each selection, plus 3 doubles and 1 treble. Just one successful selection provides winnings. There are a large number of bets like this each with a different number of bets, selections & outcomes.
In a betting shop someone might also place a forecast bet where they predict the first and second in a horse or greyhound race. A Tricast works in a similar manner but relies on they gambler predicting the first three past the post.
This is just a taster of some of the more intricate betting opportunity betting companies offer. If you are considering applying for a betting job its good to have a good understanding of the different kinds of bets.
