Betting on sporting events is a universally practiced form of gambling. Gamblers bet on every kind of game and the results. In England, soccer dominates the betting circuit. In United States, American Football is the major player. In this way, the popularity of a game is followed by a similar trend in gambling. The recent period has seen the growth of betting in non conventional sports such as Formula One, Cricket, Tennis, etc.
Betting is most commonly done on the final result of the game. This is called a fixed bet. For example, in soccer match player ‘X’ bets on Team A winning by 2 goals or more. The game ends at 3-0 in favor of Team A. The gambler would claim the winnings on the match. Several other forms of betting allow players to wager bets on separate results. If each multiple bet is correct, a substantially higher payout is given. These are called parleys. In racing events, betting is allowed on various positions of finishing.
In terms of size, sports betting involve billions of dollars. An even greater amount is suspected to circle in the murky waters of illegal gambling.
Sports Betting terminals
A betting terminal is interactive interface that allows players to place bets and evaluate the position of the bets. These terminals have been borrowed from casinos where they are used for games like roulette. Retail shops allow players to buy tickets and place bets. In these shops, the usage of sports betting terminals can allow the retail company to tap into the market.
Fixed odd betting terminals came under severe criticism in the recent past when Stephen Timms, a British M.P. compared them to the coke business. These terminals can be easily setup in streets thereby create an unhealthy gambling culture. This has been seen as inciting people to gamble.
The use of hand held devices in mobile betting has provided a decisive swing. Internet connectivity has led to the growth of specific applications allowing players to place. The bets can be placed by means of hand held devices such as tablets or smart phones. Specific applications enabling users to place bets on various events have already been developed. These have an online depository and provide real time updating features. The terminals in online betting can be programmed to function with specific devices.
Player Account Management in Sports Betting
Player account management is a virtual platform that can hold information on the activities of the gambler. The system can be seen as a virtual log. The account can be used to access the entire history of the player, bets placed and the entire gambling history. Player accounting system can extract useful pieces of statistics for a company. It can reveal the pattern of bets placed by a player and indicate means of enhancing earnings per person. To make things clear, let us quote an example. Suppose a player makes small bets on multiple events at the same time. Another person likes parleying. Both these persons form an important segment of the company. Yet the requirements are individual and contrasting. With the aid of tools such as Player Management Solutions, these individual requirements can be addressed to. This approach also allows better customization options.