This review tells us about pool in betting – the analysis of popular sporting events, taking into account players’ bets. According to 1win, the term was originally used in horse betting. The concept of “pool” meant the total number of bets placed on a racehorse. The pool was then referred to as the fund distributed among the participants in a game of chance. Its size depends on the number of players, the amount of bet, and some other factors.
Pool in sports betting
More often than not, the results of 15 events are taken into account in sweepstakes or tote betting. The minimum number a bettor has to guess is nine or ten. In this case, 10% of the bet is the profit of the office. As for the rest of the bets placed, they are divided among the participants. The pool of players is divided among the winners. For instance, 30% is divided amongst the players, who guessed nine events, 20% for predicting ten events, and so on. The money is distributed proportionally to the size of the bets made. Before betting in the sweepstakes, players are advised to familiarise themselves with the betting regulations of the betting office concerning the draws.
The distribution of the pool is the same – the principles are taken from bets that used to be accepted at the racetracks. But the betting process itself is different. Bettors now participate in sweepstakes where they are asked to predict the outcomes of football matches or events from other sports.
Pooling is an accessible concept, the understanding of which will not make it difficult for gambling enthusiasts. In conclusion, it should be noted that participating in the sweepstakes is not a substitute for full-fledged betting, but rather a way to have fun.