Online Sports Betting Markets: GOSUBetting Explainer Guide to Crypto Bet Types & Market-Related Factors Affecting Bettors

The sports betting industry has evolved far beyond simply picking a winner, placing a bet, and collecting the profits. Today, it’s a dynamic and intricate landscape fueled by sophisticated algorithms, real-time data, and a diverse array of betting options.

For punters, this means there are plenty of profit-making opportunities if you understand the pieces of the sports betting puzzle.

The sports betting markets are the very foundation upon which the entire sports wagering industry is built. Here, we’ll explore the most common markets you’ll encounter in an in-depth GOSUBetting guide.

Understanding the intricacies of these markets is not just for seasoned gamblers; it’s always been essential for anyone seeking to engage with sports in a strategic and informed manner. Whether you’re an aspiring data analyst, a casual fan curious about the odds, or an experienced bettor looking to refine your approach with profitable strategies, a solid grasp of how these markets operate is paramount.

Table of Contents

What Exactly Are Sports Betting Markets?

At their core, betting markets are the diverse collection of wagering opportunities that bookmakers and sportsbooks make available for sporting events. They represent not just a means to predict an outcome, but a complex interplay of probabilities, perceived value, and market dynamics all centred on betting activity.

From the straightforward moneyline bet on a team to win to more complex handicap or futures markets, each offers unique avenues for exploration, strategic decision-making and – hopefully – a resultant profit.

Most betting market options are available through GOSUBETTING-recommended sportsbooks. Using our recommended bookies offers some conveniency and a level of trust.

This page will serve as your comprehensive guide to navigating these types of bets across the multiple sports to which they apply. We’ll examine the different options, examine the crucial role of odds, dissect the concepts of market efficiency and liquidity, and shed light on how these markets react to real-time events.

We have a lot to explore to get a full grasp of betting markets and how they work, but the best place to start is with the individual markets themselves.

Bet Types & Markets Explained

Let’s take a look at the broad and varied markets available at most crypto sportsbooks:

Fixed Odds Bitcoin Betting

Fixed odds Bitcoin betting involves wagering on a specific sporting event outcome at odds locked in at the time of the bet.

These odds can remain unchanged, even if they fluctuate later unless you’re using a sportsbook that offers best odds guaranteed.

For example, a $100 bet on Manchester United at 2.00 odds would yield $200 if they win.

While fixed odds provide predictable returns and simplicity for beginners, they prevent benefiting from improved odds after the bet is placed unless the best odds guarantee concession is active.

Popular Fixed Odds Bitcoin Bets

In fixed odds Bitcoin betting, certain sports and events stand out for their clear outcomes, making them popular among crypto bettors.

These straightforward bets attract users seeking simplicity and reliability in their wagers. Good examples include:

  • Football (Soccer) Match Winner: Betting on who will come out on top in a football match tends to be one of the most typical fixed odds wagers. Bettors decide if it’ll be the home team, the visiting team, or possibly a draw that ends up as the final outcome. With Bitcoin, these kinds of bets are super quick to make and offer plenty of choices across different leagues and tournaments worldwide.
  • Tennis Match Winner: Tennis is another favorite for fixed odds punters. Bettors can bet on which player will win a match, often finding value in matches with clear favorites or underdogs. The simple win/lose nature of tennis makes it an excellent option for fixed odds Bitcoin betting.
  • Horse Racing Win Bets: Horse racing bettors often use fixed odds betting to bet on a specific horse to win a race. The odds are set based on the horse’s chances, and betting with Bitcoin allows for fast and secure transactions, especially during high-profile races like the Kentucky Derby or the Grand National.
  • Basketball Moneyline: In basketball, betting on the moneyline means picking which team will win the game. This bet type is popular in the NBA and other basketball leagues worldwide. Using Bitcoin, bettors can quickly place their wagers and potentially benefit from better odds due to market shifts.

Exchange Bitcoin Betting

Exchange betting transforms the sports betting experience by enabling crypto bettors to wager against each other instead of a traditional sportsbook. This peer-to-peer system offers flexibility in setting odds and allows bettors to back (bet for) or lay (bet against) outcomes.

The main pros of exchange betting lie in the fact you’ll often get better odds than traditional sportsbooks. Plus, the fact you can bet on an event to win or for your selection to lose offers an extra way to earn some profits with clever bets. Some may argue that betting on exchanges is complex but it’s easy to understand with a little study and application.

Most Popular Exchange Bitcoin Bets

Below are some popular exchange bets to explore.

  • Football (Soccer) Match Betting: Football (soccer) is a top choice for Bitcoin exchange betting, offering bettors the chance to back a team to win or lay a bet against them. This format allows users to set their own odds or leverage changing market conditions. Popular leagues like the English Premier League, La Liga, and UEFA Champions League dominate these exchange markets.
  • Cricket Exchange Betting: Cricket provides extensive opportunities for Bitcoin exchange betting, allowing bettors to lay bets against a team or back outcomes like runs scored or wickets taken. Events such as the Indian Premier League (IPL) and international Test matches see high activity, with dynamic odds shifting rapidly as the game unfolds.
  • Horse Racing: Horse racing is a timeless favorite for Bitcoin exchange betting, allowing bettors to back a horse to win or lay bets predicting its loss. Major events like the Cheltenham Festival and Melbourne Cup generate active markets with significant odds fluctuations, offering diverse and exciting betting strategies.
  • Tennis Betting: Tennis is a thriving market for Bitcoin exchange betting, allowing bettors to back a player to win or lay a player to lose. Shifting momentum during matches creates dynamic opportunities, especially during Grand Slam tournaments like Wimbledon, the US Open, and the Australian Open, where live Bitcoin betting is highly popular.


Asian Handicap Betting

Asian Handicap betting removes the draw outcome by giving one team a handicap, making uneven matchups more competitive and limiting outcomes to two possibilities instead of three. For example, if Manchester City has a -1.5 handicap against Watford, they must win by at least 2 goals for the bet to succeed.

You’ll get more balanced odds for mismatched games in handicaps but there is some added complexity for beginners due to varying handicap levels.

Most Popular Asian Handicap Bitcoin Bets

Here are the most common sports for handicap bets:

  • Football (Soccer) Handicap Betting: Football is the most common sport for Asian handicap betting with Bitcoin. Crypto bettors often place bets around matches featuring strong favorites versus underdogs. By assigning a handicap to the favorite or a head start to the underdog, helps create competitive scenarios potentially having better odds overall compared to otherwise straight-up win/loss scenarios. Major leagues such as the English Premier League, Bundesliga, and Serie A, as well as international tournaments like the FIFA World Cup, attract a lot of Asian handicap betting activity.
  • Basketball Spread Betting: Basketball is another sport where Asian handicap betting is popular. In this market, Bitcoin bettors can bet on teams with a points handicap, leveling the playing field between the favorite and the underdog. This format is widely used in the NBA, EuroLeague, and other professional basketball leagues. Betting with Bitcoin on basketball games allows for quick transactions and can often provide better odds due to dynamic market conditions.
  • Tennis Game and Set Handicap: In tennis, Asian Handicap betting assigns a game or set advantage to one player, adding complexity and value in matches with a clear favorite. This approach is popular during Grand Slam tournaments like Wimbledon, the French Open, and the Australian Open, where Bitcoin bettors can wager on players with handicaps using cryptocurrency.
  • Cricket Handicap Betting: Cricket features Asian Handicap Bitcoin betting, particularly in One Day Internationals (ODIs) and Twenty20 (T20) matches. Bettors can wager on teams with runs or wickets handicaps, adding excitement to games with clear favorites. Major events like the ICC World Cup and T20 World Cup attract significant activity in these markets.

Moneyline Betting

Moneyline Bitcoin betting involves wagering on the outright winner of a game or match without considering point spreads or victory margins. For example, if the Los Angeles Lakers have odds of -150 and the Boston Celtics +130, a $150 Bitcoin bet on the Lakers would return $250 if they win, while a $100 bet on the Celtics would net $130.

Moneyline is a simple and beginner-friendly market that focuses solely on selecting the winner. The downside is you’ll get lower returns when betting on favorites and limited value in lopsided matchups.

Popular Moneyline Bitcoin Bets

Moneyline betting with Bitcoin is a popular choice for its simplicity and clear outcomes. Here are some of the most popular moneyline Bitcoin bets:

  • Football (Soccer) Match Winner: Bitcoin bettors can place moneyline bets on which team will win a soccer match. This is common in leagues such as the Premier League and international tournaments like the FIFA World Cup.
  • Basketball Game Winner: In basketball, moneyline Bitcoin bets are frequently placed on NBA games, where bettors pick the outright winner, often finding value in closely matched teams.
  • Baseball Game Winner: MLB games are also popular for moneyline betting, with Bitcoin bettors wagering on which team will win the game, taking into account starting pitchers and team form.
  • Tennis Match Winner: Tennis matches provide straightforward moneyline Bitcoin betting opportunities, with bettors choosing which player will win the match, especially in head-to-head contests during Grand Slam tournaments.

Point Spread Betting

Point spread betting on crypto sportsbooks focuses on the margin of victory in a game, with sportsbooks setting a “spread” to balance competition. For example, if the Green Bay Packers are favored by -3.5 points against the Chicago Bears, a Bitcoin bet on the Packers requires a win by 4 points or more, while a bet on the Bears wins if they lose by 3 points or fewer or win outright.

Spread wagers balance betting opportunities in uneven matchups and offers better odds on favorites compared to moneyline bets. This form of betting market is more complex than moneyline betting, though, and requires knowledge of team performance and scoring margins.

Popular Point Spread Bitcoin Bets

Consider these if you’re interested in placing point spread Bitcoin bets:

  • NFL Spread Betting: The NFL is known for point spread crypto betting, where Bitcoin bettors bet on teams to cover the spread, creating more balanced odds in mismatched games.
  • NBA Spread Betting: In basketball, point spreads are commonly used to bet on games, with spreads often fluctuating based on team news and player injuries.
  • Rugby Handicap Betting: Similar to point spread, rugby uses handicaps to level the playing field, especially in matches where one team is heavily favored.

Outright Winner (Tournament Perspective) Bitcoin Betting

Outright winner betting involves wagering on a player or team to win an entire tournament. For example, betting $100 worth of Bitcoin on Rafael Nadal to win the French Open at +400 odds would return $500 in BTC if he wins, including your stake.

There is strong potential for high payouts in tournament betting due to longer odds. It’s great for prolonged engagement for punters, too. Tournament betting does come with higher risk due to the challenge of predicting tournament winners and betting funds are tied up until the tournament concludes.

Popular Outright Winner Bitcoin Bets

Outright winner Bitcoin bets are particularly popular in sports with knockout-style tournaments or lengthy competitions. Here are some popular outright winner Bitcoin bets:

  • Tennis Grand Slam Winner: Bitcoin bettors often place outright bets on players to win major tournaments like Wimbledon or the US Open, betting on favorites or dark horses for potentially large payouts.
  • Golf Major Winner: In golf, outright bets are placed on players to win prestigious tournaments like The Masters or the PGA Championship, with odds reflecting each player’s chances.
  • Football (Soccer) League Champion: Bitcoin bettors can bet on which team will win a football league or cup competition, such as betting on a team to win the Premier League or Champions League.

Ante Post/Futures Bitcoin Bets

Ante post or futures Bitcoin betting involves placing a bet on an event well in advance, often before a season, tournament, or racing event begins. This type of bet can offer better odds due to the uncertainty and long timeframe involved.

You might place a futures bet with Bitcoin on the Kansas City Chiefs to win the next Super Bowl at odds of +600 before the season starts. If they win, a $100 Bitcoin bet would return $700, including your stake.

You’ll get higher potential returns with early odds and the added bonus of engagement for a longer period. But there is increased risk due to unforeseen factors like injuries and changes in form over time. Bets are locked in for extended periods, limiting flexibility.

Popular Ante Post/Futures Bitcoin Bets

Ante post and futures crypto bets are popular among Bitcoin bettors who want to make predictions well in advance. Here are some of the most popular futures Bitcoin bets:

  • NFL Super Bowl Winner: Bitcoin bettors can place futures bets on which team will win the Super Bowl, often betting months in advance to secure better odds.
  • Football League Winner: In soccer, Bitcoin bettors can place futures bets on teams to win leagues or tournaments, such as betting on a team to win the Premier League or World Cup.
  • NBA Championship Winner: Bitcoin bettors often wager on which team will win the NBA Championship, taking advantage of long-term odds that change throughout the season.

Live In-Game/In-Play Bitcoin Betting

Live in-game betting lets bettors place wagers during an ongoing contest or game, with odds changing in real-time based on gameplay. For example, in a match between Barcelona and Real Madrid, you could bet on Real Madrid to score next. If they do, your bet wins. In a horse race, you could bet on a horse while the race is underway based on your judgment of how it’s running.

Betting in live markets provides dynamic opportunities based on live events, deepening engagement with the game or contest. It does demand quick decisions, potentially leading to impulsive bets, and the rapidly changing odds increase risk.

Popular Live In-Game Bitcoin Bets

Here are some popular live in-game Bitcoin bets:

  • Football (Soccer) Next Goal: Crypto bettors often place live bets on which team will score next, reacting to the flow of the game and making quick decisions.
  • Tennis Set Winner: In tennis, bets can be placed on who will win the next set, taking into account player momentum and match dynamics.
  • Basketball Quarter Winner: Live bets on which team will win the current quarter are popular in basketball, with odds changing as the game progresses.
  • Cricket Over/Under Runs: In cricket, you can bet on the number of runs scored in a particular over, making decisions based on the current match situation.

Prop Betting

Proposition (prop) Bitcoin betting focuses on specific events within a game, unrelated to the final outcome. For example, in an NFL game, you could bet on Tom Brady throwing over 300 yards. If he throws 301 yards or more, your bet wins.

Prop bets add variety and entertainment, targeting specific events rather than game outcomes. They are difficult to predict due to specificity and outcomes rely more on luck than skill.

Popular Prop Bitcoin Bets

Prop Bitcoin bets are popular for their fun and diverse nature, allowing bettors to wager on unique aspects of the game. Here are some of the most popular prop Bitcoin bets:

  • NFL Player Performance Props: In American football, popular prop bets include betting on player stats such as passing yards, rushing yards, or touchdowns scored. Crypto bettors might place a Bitcoin bet on a quarterback to throw over a certain number of yards or on a running back to score a touchdown in a game.
  • NBA Points, Rebounds, and Assists: In basketball, prop bets often focus on individual player performance, such as betting on a player to score a certain number of points, grab a specific number of rebounds, or achieve a certain number of assists in a game.
  • Baseball Home Runs and Strikeouts: In baseball, common prop bets include betting on a player to hit a home run or on a pitcher to achieve a certain number of strikeouts in a game. These props allow bettors to focus on specific elements of the game rather than the overall outcome.
  • Soccer Anytime Goal Scorer: In football (soccer), a popular prop bet is betting on a player to score at any time during a match. This Bitcoin bet is appealing for those who have insight into specific players’ performance or form.

Parlay and Accumulators

Parlay and accumulator bets combine multiple wagers into a single bet, requiring all selections to win for a payout. For example, betting on the New York Yankees, Golden State Warriors, and Manchester United to win their games creates a parlay with enhanced odds compared to individual bets.

Betting on a successful parlay or accumulator will get you a high payout due to combined odds. It’s a high risk bet, as all selections must succeed.

Popular Parlay and Accumulator Bitcoin Bets

Examples of popular parlay and accumulator bets include:

  • Football (Soccer) Match Accumulators: Bitcoin bettors often combine several match winners into a single accumulator bet, betting on multiple teams to win in different matches for a larger payout.
  • NBA Multi-Game Parlays: In basketball, bettors create parlays by combining outcomes from several NBA games, such as betting on multiple teams to win or cover the spread in one night.
  • MLB Game Parlays: Baseball parlays can include bets on several games, such as wagering on multiple teams to win or specific pitchers to record a win in the same day’s games.
  • Tennis Tournament Parlays: In tennis, Bitcoin bettors might combine multiple match winners into a parlay during a tournament, betting on various players to win their respective matches for a cumulative payout.

Teasers and Pleasers

Teasers and pleasers in Bitcoin betting involve adjusting point spreads across multiple games. Teasers move the spread in your favor, increasing win chances, while pleasers move it against you, offering higher payouts. For example, in a teaser, you might adjust spreads for two NFL games by 6 points each in your favor, while a pleaser adjusts them 6 points against you for greater rewards.

Teasers improve win probability by shifting spreads favorably while pleasers offer higher payouts by increasing difficulty. All selections must win, like parlays. It can be a complex bet – adjusted spreads can be confusing for beginners.

Popular Teasers and Pleasers Bets

Teasers and pleasers are popular in sports where point spreads are common. Here are some popular teaser and pleaser Bitcoin bets:

  • NFL Teasers: Bitcoin bettors often use teasers to adjust point spreads in NFL games, making it easier for the favored teams to cover or the underdogs to stay within a closer margin.
  • NBA Teasers and Pleasers: In basketball, teasers and pleasers adjust the point spread to make multiple games more favorable or challenging, often combining several games in one bet.
  • College Football Teasers: College football is another popular sport for teasers, where bettors adjust spreads across multiple games to create a more favorable betting scenario.

Half-Quarter Betting Markets

Half-quarter betting focuses on outcomes within specific halves or quarters of a game. For example, in an NBA game, you could bet on the Golden State Warriors to win the first quarter with a -2.5 point spread. If they lead by 3 points or more at the end of the quarter, your bet wins.

Clearly, this provides additional betting opportunities within a game and enables focus on specific game segments. Bettors will need to be adept at analysing game flow and be cautious as the shorter periods increase outcome volatility.

Popular Half-Quarter Bitcoin Bets

Half-quarter Bitcoin betting is popular for its segmented approach to games, providing focused betting opportunities. Here are some popular half-quarter Bitcoin bets:

  • NBA Quarter Bets: Crypto bettors often bet on which team will win a specific quarter or half in an NBA game. Taking advantage of momentum shifts and scoring runs.
  • NFL First Half/Second Half Bets: In American football, crypto bettors can place bets on which team will lead at halftime or at the end of a specific quarter. Often focusing on strong starts or finishes.
  • Football (Soccer) Half-Time Bets: Soccer bettors can bet on the result of the first half or the second half separately. Betting on goals scored or which team will lead at halftime.

Over/Under Betting

Over/Under betting markets involve wagering on whether the total points, goals, or runs in a game exceed or fall short of a sportsbook’s set number. For example, in an NFL game between the Patriots and Dolphins with a 48.5 total points line, betting “over” means wagering on a combined score above 48.5, while betting “under” means wagering on 48 points or fewer.

Over/under is a simple and versatile betting market that focuses on game flow rather than specific outcomes. It can be challenging to predict game tempo and scoring potential and there is limited value if the line is well-set by the sportsbooks.

Popular Over/Under Bitcoin Bets

Over/under betting is versatile and applicable across many sports. Here are some popular over/under Bitcoin bets:

  • NBA Total Points: Bitcoin bettors often bet on the total number of points scored in an NBA game. Betting on whether the combined score will be over or under the set line.
  • NFL Total Points: In American football, over/under bets are commonly placed on the total points scored in a game. With lines often adjusted based on team offences and defences.
  • Football (Soccer) Total Goals: Soccer bettors can place over/under bets on the total number of goals scored in a match, particularly in high-scoring leagues or tournaments.
  • MLB Total Runs: In baseball, over/under bets focus on the total runs scored in a game, taking into account factors like starting pitchers and team batting averages.

Winning Margin Betting

Winning margin Bitcoin betting involves predicting the exact margin by which a team will win a game. For instance, in a rugby match between New Zealand and South Africa, betting on New Zealand to win by exactly 10 points wins only if they achieve that margin. Any other result, including a South Africa win, loses the bet.

Bets on winning margins offer higher payouts due to the challenge of making such precise predictions. The excitement can be high, as late scores can directly impact the bet.

Popular Winning Margin Bets

Winning margin Bitcoin bets are particularly popular in sports where scoring can vary widely. Here are some popular winning margin Bitcoin bets:

  • Football (Soccer) Winning Margin: Punters might bet on the exact margin of victory in a soccer match, such as crypto betting on a team to win by 1 goal or by 2 goals. This type of bet is popular in major leagues like the English Premier League and La Liga, as well as in international tournaments where predicting exact margins can offer high payouts.
  • Rugby Winning Margin: In rugby, crypto bettors can bet on a team to win by a specific number of points. Given the high scoring nature of the sport, this bet type is appealing, especially during events like the Six Nations or Rugby World Cup, where top teams often face tight, competitive matches.
  • American Football (NFL) Winning Margin: NFL bettors often place winning margin bets on games where they predict the exact points difference between teams. This is common in games with closely matched teams or during playoff seasons where games can be highly competitive.
  • Basketball (NBA) Winning Margin: In basketball, bettors may place bets on the exact point difference by which a team will win. This bet is popular in the NBA, where games often have high scores and the margin of victory can vary significantly.

Specials Betting

Specials betting focuses on unique, unconventional outcomes within a game that standard markets do not cover. For example, in a match between Arsenal and Chelsea, betting on whether a red card will be shown wins if a red card is issued, regardless of the final score.

Specials bets add excitement by targeting unique game events, allowing bettors to apply specific knowledge about players or scenarios.
Niche bets of this type can be difficult to predict and luck plays a big part in outcomes.

Popular Specials Bitcoin Bets

Examples of some popular specials Bitcoin bets include:

  • Football (Soccer) Player Specials: Bets might be struck on specific player outcomes, such as a player scoring a hat-trick, receiving a yellow card, or making a certain number of tackles during a match. These bets are popular in high-profile matches and tournaments.
  • Basketball Triple-Double Bets: In basketball, a common Specials bet is betting on whether a player will achieve a triple-double (recording double-digit stats in points, rebounds, and assists) in an NBA game.
  • NFL Defensive or Special Teams Touchdowns: Crypto bettors can place Specials bets on whether a defensive player or special teams unit will score a touchdown during an NFL game, adding an extra layer of excitement to the betting experience.
  • Cricket Wickets and Sixes: In cricket, Specials bets might include predicting the number of wickets a bowler will take or the number of sixes a batsman will hit in a match, offering diverse betting opportunities in formats like T20 and Test matches.

Now we’ve covered the main types of betting markets, we can look at some of the key betting concepts that will affect how you interact with them.

What Are the Key Concepts Around Betting Markets?

Gaining a good understanding of several key concepts related to sports betting will put you in a strong position to analyze them like a pro. Some of them take us into more complex sub-concepts:

Implied Probability

Imagine the betting odds are trying to tell you something. Implied probability is the win probability of an outcome as suggested by those odds, calculated by converting the moneyline, decimal, fractional or American odds.

It’s a core concept for risk assessment, used for quantitative analysis and is a cornerstone of how bettors understand the market-based probability and assess fair value, using probability distributions.

Fair Value

In a perfect world, the odds would reflect the true likelihood of an event – this theoretical, “true” price is fair value. It’s what an outcome should be priced at, excluding the bookmaker’s margin.

Understanding fair value is essential for estimating whether a bet offers expected value, and is underpinned by fundamental analysis and is a way of understanding market equilibrium. The intrinsic value of a bet should be close to the fair value, in an efficient market.

Valuation modeling and quantitative valuation techniques are often used to ascertain the fair value.

Expected Value (EV)

Ever wondered if your bets are worth it? Expected Value (EV) is the average outcome of a bet if you repeated it many times. It’s a core tool for identifying potentially profitable opportunities, calculated using probabilistic return calculations and considering statistical expectations.

It’s all about figuring out if your bet has a positive or negative mathematical expectation for the market you’re working with, and is a way of assessing risk-adjusted return.

Quantitative modeling techniques can also be used to assess expected value, often looking at the statistical significance of results.

Bookmaker’s Margin

This margin is the theoretical hold or profit margin that bookmakers bake into the odds they’re offering. It’s the pricing markup or overround, also known as vigorish or juice, and understanding it helps you assess how inflated the odds are.

Determining this fee structure is key to comparing bookmaker advantages, and understanding market inefficiencies.

Betting Market Efficiency


How accurately do the odds in a market reflect reality? Market efficiency describes how well betting odds capture all available information.

In an efficient market, the pricing accuracy is high, making it hard to find consistently profitable opportunities, and it reflects the ideals of the efficient markets hypothesis.

The Efficient Markets Hypothesis (EMH), when applied to sports betting markets, suggests that the odds set by bookmakers or available on betting exchanges reflect all available information about a given sporting event.

In essence, this means that the betting market prices (odds) are efficient and represent the true probabilities of the outcomes as accurately as possible, given the collective knowledge and analysis of all participants in the market.

Arbitrage opportunities will often indicate some level of market inefficiency.

Market Inefficiencies

Market inefficiencies in sports betting markets refer to situations where the odds provided by bookmakers or on betting exchanges fail to accurately reflect the true probabilities of an event’s outcomes.

These inefficiencies can create opportunities for bettors to achieve consistent profits by identifying and exploiting discrepancies between the perceived probability implied by the odds and the actual probability of an event occurring.

Odds


The language of betting, odds, are prices and lines that show the betting ratios for specific events. These are expressed in formats like moneyline, decimal odds, fractional odds and American odds.

Understanding odds lets you assess the implied probability of an outcome. Converting, comparing and evaluating odds is a core skill of any sports bettor and enables an understanding of probabilistic ratios.

Best Odds Guaranteed


Many bookmakers offer a best odds guarantee and these guarantees are seen across a range of sports markets. This means that if you strike a bet and take the early odds, if successful you’ll be paid out at higher odds if they did indeed end up higher by the time of the contest.

There are typically some restrictions around best odds guarantees – typically they might apply only to bets struck after a specified time on the day of a contest.

Statistical Modeling


This term refers to the use of data to make predictions. Statistical modeling uses historical data, regression models, machine learning, and time series analysis techniques to forecast sports outcomes.

It’s all about developing and implementing predictive models that underpin quantitative analysis, using data visualization, with an approach focused on model validation.

Information Asymmetry


When someone knows more than you do; this is informational disparity. Information asymmetry occurs when one bettor has an informational advantage over others. This can be from having access to insider information, or knowledge that hasn’t been priced into the market yet.

Those with the advantage may engage in informed trading, and those with less information are subject to adverse selection.

Market surveillance may try to find this, but generally this is a way in which people can exploit the knowledge gap between parties.

Betting Volume

The level of activity across betting markets is an important indicator of their health. Betting volume, or trading volume, is the total amount of money wagered on a specific event, impacting market liquidity and the way the prices move.

Looking at the order book, and the order flow are ways of measuring betting volume and market depth, and how this translates to liquidity analysis. We may also use volume profiles to understand how volume is distributed around the price.

Arbitrage

The holy grail of risk-free profits, Arbitrage is the art of exploiting price discrepancies and market inefficiencies between bookmakers. It allows sure bets that guarantee a profit.

This can include techniques like cross-market arbitrage, statistical arbitrage and triangular arbitrage, and is often considered a riskless profit, or scalping opportunity.

Regression Analysis

A core tool in predictive analytics, regression analysis helps model the relationships between sports outcomes (dependent variables) and factors that might influence them (independent variables).

It uses linear regression and multiple regression models to better understand the relationships in data, using feature engineering to make it more useful and model evaluation techniques to check the output quality.

This form of analysis forms a foundation for statistical inference in sports betting.

Bankroll Management

Think of your betting funds as a business; Bankroll management is essential to managing your capital and minimizing your risk of ruin.

Managing your betting bank involves setting loss limits, understanding risk tolerance, and using tools like betting units, stop-loss orders, and position sizing.

It is also about understanding how to manage drawdown and is a key skill in capital preservation.

Order Book

The Order Book is a live record of all buy and sell orders in a betting exchange market. This trading book allows you to monitor the depth of the market, and analyse limit orders and market orders to understand how the market liquidity is being moved in relation to price movement.

The data is presented in depth charts – an essential part of an Exchange traders toolkit.

Data Mining


A way of uncovering information that’ll help navigate betting markets, data mining is used to extract useful patterns from large datasets.

This knowledge discovery method requires skills in feature engineering, and data preprocessing to extract the most useful data. This is a core skill for any form of big data analysis and can be used to apply machine learning techniques to better analyze the data.

Feature Engineering


The art of making data usable. Feature engineering is the process of selecting the best data, transforming it, and preparing it for use in statistical models.

This process requires variable transformation, to create a new feature creation, and will have a large impact on model accuracy, and also informs techniques like feature selection methods. It is an essential step in predictive modelling and its application to determining valuable sports bets.

Proprietary Information

Information that is not available to the public, and is an element of insider trading, or other illegal practices. Proprietary information, or insider information, is data not known by all market participants and can create information asymmetry and the risk of market manipulation.

It forms an important part of any sports betting firm’s risk management processes, requires market surveillance to protect against, and requires compliance with confidential data policies. There is often a risk of legal liability and this information gives an unfair advantage.

Betting Market Strategies

To make the most of different betting markets, it’s important to have a solid strategy in place. Being cautious with your picks and consistently seeking out value can improve your crypto betting experience. By understanding and using different markets properly, you can improve your chances of winning big.

Here are some strategies to help you maximize your success with Bitcoin betting markets:

Search for an Edge

One of the key strategies in Bitcoin betting is finding an edge. This means looking for value where the odds might be more favorable than they should be. If you don’t find attractive odds at first, look at various markets to see if there are any overlooked opportunities. Comparing odds across multiple Bitcoin sportsbooks can help you find the spot where you’ll have an advantage to make better bets.

Avoid Props Based on Luck

While prop Bitcoin bets can offer great opportunities, it’s wise to avoid those based purely on chance. Bets such as predicting the coin toss in an NFL game, which team will win the opening tip-off in basketball, or which player scores the first touchdown are mostly determined by luck. Instead, focus on props where you can apply research and knowledge to gain an edge.

Moneyline Bets on Heavy Underdogs Are High Risk, High Reward

Betting on heavy underdogs on the moneyline can be tempting due to the potential for big payouts, but it’s a risky strategy. A more strategic approach might be to bet on the point spread for the underdog, which gives you a larger range of outcomes where you can win. This approach can offer better value while still taking advantage of favorable odds.

Research Matchups for Player Props

Player prop bets can bring great results if you do thorough research. For example, if you’re betting on an NBA player like Steph Curry, consider the opponent’s defensive strengths and weaknesses. If Curry is playing against a team that struggles to defend against three-pointers, betting on his three-point total could be a smart move. Similarly, in the NFL, researching matchups and player performance against specific defences can help you make more informed prop bets.

GOSUBETTING Final Thoughts

Betting with Bitcoin and other cryptocurrencies offers a flexible way to engage with sports betting markets. Whether you’re interested in straightforward moneyline bets, complex accumulators, or dynamic live in-game bets, using Bitcoin can make your betting experience a lot more exciting with fast transactions, privacy, and access to global betting platforms.

Understanding how each Bitcoin betting market works, developing a solid betting strategy, and leveraging the unique advantages of cryptocurrencies can improve your chances of pulling a profit.

As the popularity of crypto betting continues to grow, more Bitcoin sportsbooks are offering diverse markets and better odds, making it an exciting time for crypto lovers to get involved.

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