dalai said:
Jono said:
The TAB is fucking theft, bookmakers are a thing of the past and betting exchanges are the only way to go now. Why settle for shitty odds set by a bookmaker trying to cover his loss?
Is NZ still caught in the ridiculous TAB monopoly?
No different to any other betting agency. You just gotta be smart with your bets. Like me putting money on the Kiwis to win the World Cup when they were paying $6.20.
Putting money on a team to win at $1.60 is a bit... weird.
Not at all, with abetting exchange you offer your own odds and see if anyone is willing to take (or lay) that bet. Conversely you can do the opposite and lay a team at low odds and see if someone is willing to back them at that price. The volume of punters mean unless you're trying for unrealistic odds your bet will usually get matched. You'll generally get up to 20% better odds than at a bookies because exchanges don't have a bookmakers concerned about paying out too much.