Betting is offered by a majority of NetEnt Casinos. Net Entertainment doesn’t develop any software related to sportsbook, so any sports betting will not be provided by NetEnt technology. This page is just to give you more information to help you choose a NetEnt casino you will most enjoy.

What is a bookmaker?

A bookmaker, traditionally, is a person or organisation, which takes bets on the outcome of horse racing. Horse racing is a popular sport all over the world but especially in the UK, where there are many prestigious horse racing courses and where skilled jockeys from all over the world travel to compete on the best horses.

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A bookmaker will offer various betting options on each race based on the different possible outcomes. These can be simple win bets, where you decide which horse will win the race, or they can be more complex, such as a forecast where you predict which horse will come first and which will come second. If you place a bet on the correct result, then you will win a predetermined amount based on the bookmakers ‘odds’, but if your bet doesn’t come in then you will lose the stake you placed on it.

History of Bookmaking

Bookmaking, especially on horse racing, is considered to be most popular in the UK, where the first known bookmaker is frequently claimed to be Harry Ogden who began trading in the 1970s, although betting on sports events surely existed long before this.

In 1845 the UK passed a Gaming Act which only permitted betting on horse racing to take place at the horse racing tracks themselves. This proved hugely popular with people from all walks of life and later on in 1961, the government passed a bill to legalise bookmaking shops, seeing them explode all over the UK high street.

Bookmakers typically offer betting on two sectors: horse racing and sportsbook. Horse racing is simple, it is a market of various bets based on that days horse racing events. Sportsbook, however, can cover any other sport imaginable. If the casino deems it an event worth creating a market for, then there will be betting on it!

Horse racing is probably the most simple of all sports and one that remains virtually unchanged since it’s earliest days; two or more jockeys ride horses over a certain distance and the first to reach the finish line is the winner. The races can consist of anything from 3 different horses to 40 depending on the event, and the racing can include jumps or be across hugely varying distances.

How Does a Bookmaker Work?

The bookmaker will decide the ‘odds’ of an outcome based on how likely it is to happen. The more likely an outcome, the lower the odds. The odds then determine how much you will be paid if you bet on the correct outcome. For example, if a horse is doing very well and winning lots of races, their odds to win a race will be very low. However, a horse which hasn’t raced before, or hasn’t won for a while, will have much higher odds so you’ll win more if it wins.

Bookmakers have to consider lots of different factors in order to decide their odds, such as the horses ‘form, how often they’ve won, preferences on the type of ground (if it’s raining, the ground will be much different to if it were dry), whether the horse has been injured recently, how well the jockey has done in recent races, and much more!

Another factor in determining the odds is the betting that has taken place. For example, if a very large bet is placed on a particular horse, that will drive the odds down as the bookmaker can only assume the horse has a great chance of winning.

It’s an incredibly complex thing to become a bookmaker, but luckily for us it’s very easy to use a bookmaker- you simply decide what you think the outcome will be and place your bet. If you win, the bookmaker will pay you, if you lose, they keep your stake.

Famous bookmakers

The most famous bookmakers began on the UK high street and include names such as Ladbrokes, Stan James and Bet365. Each of these NetEnt Casinos began either in a shop, on course, or even out of a portakabin, offering customers the chance to place bets on horse racing and sports events. As the online world began, the bookmakers took their betting online, building online sportsbook platforms. Then, as casino really took off, many of them decided to sign with casino leader NetEnt in order to diversify the products they offer and attract casino players as well as sports betting customers.

About Sports Betting

Sports betting works exactly the same way as bookmaking with horses- the bookmaker will determine how likely each result or outcome is and will calculate your payment based on those odds. The events and bets offered will vary from site to site, but the usual sports offered are things like football, cricket and rugby. You can bet on the winner of a game, the winner of a tournament, the first goalscorer in a match, the match’s final score and much more.

What are odds?

Odds are, very simply, the chances of a particular outcome happening. If a result is very likely, the odds will be low and if a result is very unlikely, the odds will be high. For example, in football, the scoreline very rarely ends with more than 5 goals scored for either team, so betting on a result which includes 5 goals for a team will generally bring high odds.

Odds then determine how much you’re paid out, so the more unlikely a result, the more you’ll win if it does come in. However, these odds are high for a reason as they are not deemed likely to happen, so although you’ll win more if they do come in, you’re actually much more likely to lose.

What sports are most popular to bet on?

The most popular sports for betting are those which are popular in general, so sports such as football, tennis, and rugby. Sports that have a huge following and are regularly televised, basically. These bring in more betting as people have a personal interest, such as they want their team to win, so are willing to bet their own money on them, making them extra happy if they win!

Does Net Entertainment offer Book Maker Software?

No, this page is only created to give you an overview of other products that a casino might be offering, besides NetEnt games.