It is not only today’s soccer players and entire soccer teams who stand to lose or win during any given season. Behind all of the field action, there are easily over 1,000 people actively watching each moment of a game. Some of these people watch because they are huge soccer fans but most of them keep tabs because their money is at stake.
Traditional Soccer Betting
In soccer betting’s beginning days, the entire process was generally simple and straightforward. Two people would place a bet either against or for the outcome of a soccer game. For example, if there was an upcoming match between Team A and Team B, one bettor might place $100 for Team A to win. On the other end, a different bettor may feel that Team B will be the winner and therefore, put down $100 on a win for Team B.
If Team A was the winner, the person who bet for that team to win would earn $200 and visa versa for the person betting in Team B’s favor if Team B won. The bettor’s total earnings come from his initial $100 bet as well as the opposite bettor’s $100 bet. In a nutshell, this describes the process of traditional soccer betting.
Modern-Day Soccer Betting
But the past several years have prompted many changes in modern-day soccer betting. One change to the process is that soccer bets mostly occur in the form of a formal arrangement, usually completed online. There are at least a few hundred sports betting platforms that support soccer betting.
In addition, soccer betting has become more of a bettor-to-platform situation as opposed to the bettor-to-bettor method of yesteryear. Internet betting platforms allow bettors to purchase a bet as a commodity. In other words, a person is able to buy anywhere from 10-1000 bets against or for any soccer team’s win. The entire bet is divided into individual units in the same manner that corporations are made of shares.
After the announcement of a soccer match, online sports betting platforms will begin selling bets related to said event. Those who place an accurate bet will win money in relation to the amount of bets they purchased and of course, those whose bets were wrong will lose their money. These betting platforms more often than not charge a fee for their service. A few other platforms place bets themselves due to the absence of a conflict of interest.