Sportsbet is the Australian arm of the Irish bookmaker Flutter Entertainment and one of the largest corporate bookmakers in the country. With over 1.2 million customers and 1.1 billion bets placed each year, the company needs to process massive amounts of data in real time. This is crucial for the success of their personalized content, which helps them drive customer loyalty and revenue.
The odds that a sportsbook offers on a certain event are directly related to the implied probability of that outcome happening. If a betting model gives a team a higher winning probability than the odds that are offered, then that is considered a positive expected value bet and a good bet to make.
When it comes to wagering on over/unders, there is a popular saying: “It’s never over until it’s over.” That means that it is possible for the total points of a game to exceed its original set point at any time, especially during the final few minutes of play. The most common way that over/unders get adjusted is when information enters the market, such as a player injury or a change to the weather.
Bet With Mates allows you to easily gather your mates (2 or more) and pool funds to bet on any racing or sports market. Using the app, each member can place bets at any time and each one’s share of the bet is displayed on their group homepage. An Admin can also set the buy-in amount and allocate bets for their group. Each member can then use emoji reactions to create an immersive social betting experience whether they’re together or apart.