The money we loss in sport betting goes to who?

[MarryL9]

I just want to know when someone loss in sport betting the other party who gain from it that is the loss we made,who definately gain or collect the money that we loss?

So I think that loss is part of sport betting and I think that when someone loss the other party stand a great chance to benefit from it so who gain when you loss.

 

[Hardexy1]

the owner of the betting website are the one who gain when a particular person loss on their platform, thats how they make their profits

 

[MarryL9]

the owner of the betting website are the one who gain when a particular person loss on their platform, thats how they make their profits

Your post seems so enlightening I think its now clear, not the agent initially I think maybe the agent take the money home when we loss so its goes to the owner of that website,what if the website is own by organization dose it means that the money goes to the organization

 

[Hardexy1]

the owner of the betting site are the one that recieve the profit after players loss a particular bet, although the agent has their own share from the money or profit made but agent are just like representatives, if a site is onwed by organisation they will also share the profit made equally between themselves.

 

[Hardexy1]

the owner of the betting site are the one that recieve the profit after players loss a particular bet, although the agent has their own share from the money or profit made but agent are just like representatives, if a site is onwed by organisation they will also share the profit made equally between themselves

Your post seems so enlightening I think its now clear, not the agent initially I think maybe the agent take the money home when we loss so its goes to the owner of that website,what if the website is own by organization dose it means that the money goes to the organization

the owner of the betting site are the one that recieve the profit after players loss a particular bet, although the agent has their own share from the money or profit made but agent are just like representatives, if a site is onwed by organisation they will also share the profit made equally between themselves.

 

[Hannman]

Of course it will be the gain for the owner of the sport betting platform. About 75% percent of the people playing bet usually loss and all their money will go to the owner of the betting site

 

[Btaliat]

The betting site will have the majority of the money since we will surely have more losers. The other parts will go to the wining members. While the betting agents will also share there.

 

[MarryL9]

The betting site will have the majority of the money since we will surely have more losers. The other parts will go to the wining members. While the betting agents will also share there.

The betting website are the people who will collect money when you loss I think all the money goes to them.

You also need to know that sometime the loss we get will be the gain which the betting owner will only get as profit

 

[Btaliat]

That's just my main point. The betting site will hold the larger share of the money. The money as well will be given to the winners that are few and also the agents in case it is offline

 

[WinJonny]

The operator of the betting site is the one who receives the profit when a player loses a particular wager; the agent receives a portion of the money or profit made, but they are merely acting as representatives. If a site is owned by an organization, the organization and its members will equally split any profit.

 

[kayode10]

It goes to the companies which will play their game. the money you lose go straight to the account of the company and they are very wise with their strategy. They usually stack their odd against the players and take money from multiple players to increase their profit.

 

[Btaliat]

It goes to the companies which will play their game. the money you lose go straight to the account of the company and they are very wise with their strategy. They usually stack their odd against the players and take money from multiple players to increase their profit.

The money will surely go to the company. But it is needed to get it clear that it is not only the company that have to share the money. The company most time have to share the money to the winners of the games.

 

[Sike_lottery]

The answer to the question is very straight forward because when you lose, the sport betting company takes the money and when you win, the sport betting company pays you. It is a business that is run solely by the sport betting company.

 

[Btaliat]

The answer to the question is very straight forward because when you lose, the sport betting company takes the money and when you win, the sport betting company pays you. It is a business that is run solely by the sport betting company.

This is a perfect illustration. Your loss can now be used for different things by the betting company. In fact, that's where they pay their workers and maintain their websites. They also pay tax from this money sometimes.

 

[SlotsMaster]

This is a perfect illustration. Your loss can now be used for different things by the betting company. In fact, that's where they pay their workers and maintain their websites. They also pay tax from this money sometimes.

It is true that they use it to pay the workers and they also engage in different activities in order to run the business and all of these things will require money . The money is also used to service winnings whenever people win.

 

[Btaliat]

It is true that they use it to pay the workers and they also engage in different activities in order to run the business and all of these things will require money . The money is also used to service winnings whenever people win.

To be honest, I don't really think we should be bothered about where the money goes. It is just like asking where the loss that business owners make go? The fact is that we should be bothered about whether they pay their winner.

 

[SlotsMaster]

To be honest, I don't really think we should be bothered about where the money goes. It is just like asking where the loss that business owners make go? The fact is that we should be bothered about whether they pay their winner.

Apart from the casino using the money to pay winners, the casino also must have a huge amount of money in reserve that would be use to pay winnings because it is not all the time that you world make profit which is what we must be aware of.

 

[Akuta]

The money lost in sports betting goes to various parties, including:

1. Sportsbooks: The majority of losses go to sportsbooks, which are the companies that accept bets and set odds. They make a profit by paying out less than they take in. Sportsbooks use the revenue generated from losses to operate their business, pay employees, and make a profit for shareholders.

2. Bookmakers: Bookmakers, also known as oddsmakers, set the odds and manage the risk for sportsbooks. They earn a commission on the bets placed, which is typically a percentage of the handle (the total amount wagered).

3. Casinos: Many sportsbooks are operated by casinos, which take a cut of the revenue generated by sports betting. Casinos use this revenue to operate their facilities, pay employees, and make a profit for shareholders.

4. Governments: Governments tax sports betting revenue, with the amount varying by jurisdiction. This tax revenue is used to fund public services and programs.

5. Middlemen: Some middlemen, like affiliate marketers or agents, may take a commission for promoting sportsbooks or facilitating bets. These individuals or companies earn a fee for referring customers to sportsbooks or helping to place bets.

6. Fraudsters: Unfortunately, some losses may go to fraudsters who operate illegal or fraudulent sports betting schemes. These individuals or groups may use scams or other illegal tactics to take advantage of unsuspecting bettors.

It's important to note that sports betting should be done responsibly and within your means. It's essential to understand the odds and risks involved and to only bet with reputable and licensed sportsbooks.