Connect with us

Also Interesting

How Online Betting Works

Published

4 minute read

When you’re a total beginner to online betting, you need to learn some fundamental concepts before you can move on to your favorite sports or online casinos. Jumping into the online betting scene without knowing how it works is a surefire way to lose your cash, so consult the information in this short guide before you do anything else.

Once you’re confident in your betting ability, you can get started by finding a sportsbook that gives you odds information. You can find sites online that give odds for all types of sports, take Fanduel’s NHL odds, for example.

The House

Legal betting is conducted by the house. This is the term for casino and online casinos that profit off of bettors gambling in their establishment. If you’re betting on sports, the house is called the sportsbook or the bookmakers instead. Online betting typically refers to sports betting, so we’re focusing on that today.

Their job, besides entertaining gamblers, is to calculate the probability of certain results for an event. This could be a team winning a sports game or the possibility of a certain player scoring against the other side.

These establishments take odds very seriously as it is the difference between making a profit or a loss. They’ll look at the historical record of the sport, each team, and even each player, and they’ll go as deep as to gauge the fitness and conditioning of each person in the event.

The Odds

Once calculated, the odds are presented to the house’s patrons. You’ll find that for most sports, they use fractional odds that look like this:

X/X

Those two Xs represent numbers that’ll tell you everything you need to know about the bet. For example, if a team has 5/1 odds of winning then they’re likely to win five times out of every six games. At 1/5 odds, however, the team is expected to win just once for every six games. How much you get is also worked out by fractional odds, so riskier bets will get you more cash if they pay off.

If you’re a fan of percentages instead, you can always figure that out by doing this:

5/1 odds can be expressed as 1 / (5 + 1) = 0.16. That’s 16%.

If you do this with the opposite, 1/5 odds, then that’s 5 / (5 + 1) = 0.83, or 83%.

Here are some common odds you’ll see:

1/1 = 50%

1/4 = 80%

4/1 = 20%

The odds also determine your payout. With a 1/1 bet, you get $1 for every $1 that you wager. With 1/4 odds then you get $1 for every $4 you bet, and the opposite arrangement at 4/1 odds.

Betting with the odds will pay off more often but with less cash. Betting against the odds will pay off less often but with more cash. It’s all about taking on acceptable risk while profiting off the bets you make. The key to betting is finding a sweet spot where you can profit while winning bets consistently.

 

Todayville Content Team works with a wide variety of clients to develop sponsored content solutions. Our experienced team develops strategic campaigns that use video and storytelling, digital advertising and social media to help our clients position and distinguish themselves in the market.

Follow Author

More from this author
Also Interesting / 3 weeks ago

How Online Betting Works

Also Interesting / 4 weeks ago

What CRM System Is Used In Canada?

Also Interesting

What CRM System Is Used In Canada?

Published on

Broadly stated, CRM is an approach used by businesses in the management of communication with potential and current customers. It involves the collection and sufficient analysis of customer data. This is usually carried out to ensure that future communications with customers and prospects are personalized to improve the customer’s experience with the business. 

Several businesses in Canada already utilize Creatio CRM in their business operations, especially in revamping their relationships with existing customers and prospects. But what is CRM? This question is still common among businesses that are not yet implementing CRM in Canada and beyond. In this article, we look at the CRM used in Canada and its roles among the industries using the tools. 

What Systems Are Used In Canada?

Some of the CRM systems used in Canada include creatio CRM, salesforce CRM, and Dynamics CRM. 

1. Creatio CRM

This is a Software as a service low-code solution that businesses use to manage business processes together with customer relationships. By the year 2020, the Creatio system was made of marketing Creatio with marketing automation tools, sales Creatio; with the sales force automation tools, studio Creatio; low-code platform, and service Creatio, which is used as a help desk software. 

This CRM system is widely used in Canada, and vendors in this category offer cost-effective solutions that support the integration of artificial intelligence into the CRM tools used by their clients to make their marketing, sales, and customer service more predictive, scalable, and proactive. 

Creatio remains a top-ranking leader in three categories of the 2019 CRM Market Leader Awards:

SalesForce Automation
Enterprise CRM
CRM for mid-sized companies 

Below are some of the CRM system functions that help in driving business strategies in Canada. 

Consolidating Client Data

With creatio CRM, it is much easier for businesses to consolidate all the data and interactions with customers. This data helps organizations personalize their interactions with customers and offer unique services to every client with unique needs. This helps to increase the satisfaction of customers, drive loyalty and improve customer experience.

Automation Of Business Processes

Organizations and businesses encounter several repetitive processes and activities in their daily operations. These processes are, however put under human control, making them more expensive and time-consuming. 

Businesses using CRM get access to the automation tools for the automation of both internal and external processes such as data entry, regular campaigns, etc. Employees, therefore, get more time to focus on more important activities and increase their productivity as a result. Automate marketing and sales processes with creatio CRM to increase your ROI. 

Targeted Marketing

While CRM helps organizations to gather relevant customer information, this data helps the employees in designing targeted marketing campaigns. Sales reps can therefore send more relevant messages as well as cross-sell and upsell. 

This kind of marketing also helps the businesses to increase their retention rates, increase sales and revenue. You can install a small business CRM solution to help you advance targeted marketing solutions. 

Increased Data Integrity 

CRM helps organizations enhance their data completeness by collecting more information on sales, among other relevant data to sales reps, marketing, and service teams. This helps to close the information gaps available in a business to reduce chances of misunderstanding, poor performance, failed projects, among other shortcomings. 

2. Salesforce CRM 

Salesforce specializes in customer relationship management and helps businesses to track customer interactions with businesses, market to customers, among other services. 

Some of the functions supported by Salesforce CRM include weeding out duplicate leads, Email and Campaign management, opportunity forecasting, Google Apps integration, and Web to Lead support. 

Salesforce is built on the following types of clouds: service cloud, custom cloud, marketing cloud, Salesforce automation, and analytics. 

3. Dynamics CRM 

This is another intelligent business application used by businesses in Canada. It helps organizations to evolve, transform and grow. Besides, they unify CRM and ERP capabilities by offering purpose-built apps for the management of specific business functions. 

Continue Reading

Also Interesting

What Online Casinos Have that Land-Based Casinos Don’t?

Published on

The last two years have greatly affected our lives and the way we can have fun. The pandemic and various lockdowns did not bypass land-based casinos and their customers. And since many gamblers have lost the opportunity to visit their favorite venues, they started wondering whether they should give online casinos a shot.

Online casinos have made huge strides in recent years, impressing customers with their unique features and advantages. Today, they are available in various forms, with a great deal of games and opportunities for additional entertainment.

If you are still unsure about trying out online casinos, we’re comparing the differences between land-based and online casinos to make it easier for you.

Land-Based Casinos

For many decades, land-based casinos have been synonymous with gambling and entertainment. Many venues, such as the famous casinos of Las Vegas, are still the favorite destinations for players all around the world. 

For many people, there is nothing like the feeling of walking in and spending time in a traditional casino and its unique atmosphere – the lights, colors and sounds, seeing your luck and money at work, sharing the excitement with other players, being face to face with friendly hosts and hostesses, talking and having drinks, celebrating your winnings and mourning your losses.

Because of these reasons, some people still refuse to opt for online casinos. Despite the many limitations on public gatherings imposed by the pandemic, land-based casinos are the traditional place for gambling money, and they will not be losing popularity any time soon.

Online Casinos

The world of gambling has been completely revolutionized by online casinos. In the present conditions, it is a great advantage to be able to gamble without worrying about the place, traveling, money, and restrictions. That is why the number, diversity, and quality of online casinos has been rapidly increasing. It is estimated that by now, there are more than two thousand legally registered virtual casinos in the world.

Online casinos offer players convenient and accessible management interfaces and a huge variety of games. Customers can visit any online gambling site and instantly access a range of over 500 games. Also, some of the best online game creators in the world, such as NetEnt, Microgaming, or RTG, provide games and softwares for online casinos.

Furthermore, registration requires almost no effort and very little time. Depositing and withdrawing money is smooth and easy as it is carried out at a great speed to dozens of payment systems and protected popular services. Many providers offer different currencies for their players’ convenience, ranging from Euro to CAD.

Other notable characteristics of online casinos are their wide selection of bonuses, as well as promotions and cash backs. As a new player, you can be awarded a bonus whenever you make the first deposit on a site. And for those who are already signed up, there are also many free spins and loyalty bonuses.

As you can see, gambling online is easy, safe, and you are certain to find high-quality games that will suit your taste.

Online Casinos: an Upgraded Land-Based Experience

If you are still hesitant to try online gambling, let us look more closely into the similarities and differences between land-based and online casinos.

Both land-based and online casinos offer the same popular games like blackjack, roulette, craps, baccarat, poker, and slot machines. Both present an opportunity for fun, competing with other people, and making some cash. Nevertheless, online casinos offer some serious advantages.

First of all, you can gamble from the comfort of your home at any time you want. You do not have to worry about traveling or any additional spending. You can access thousands of online casinos, wherever you are.

Another very important advantage of online casinos is their higher level of security. Online sites guarantee you that no one will steal your money and that thanks to SSL encryption technology, your personal information will not be forwarded to third parties.

Finally, as we already mentioned, online casinos offer a much greater variety and quality of games. As in any developing market, a growing number of competitors ensures a growing quality of the products. Therefore, you can be sure that even the most prestigious sites will be competing to satisfy your needs.

Conclusion

Even if you still prefer the atmosphere of land-based casinos, this does not mean you should not give online casinos a go. The many advantages they offer could soon make them your favorite way of gambling.

Online casinos save you money,  keeping you away from all the inconveniences that come with traveling. They are safer than land-based casinos, and highly regulated. Finally, you can access a significantly larger variety of games of the highest quality, and all that from the comfort of your own home.

Continue Reading

july, 2021

thu15jul(jul 15)6:30 pmthu19aug(aug 19)6:30 pmPop-up Spray Parks6:30 pm - (august 19) 6:30 pm

Trending

X