Fixed-odds Betting and Ice Hockey

Fixed-odds betting is one type of gambling typical for sport events. Nowadays, gambling is regulated in many countries and it is subject to taxes. In this section, we provide you information about history of ice hockey fixed-odds betting, some interesting facts and scandals (e.g. players betting against their own team, see the photo). We will also provide you with links to academic papers and books dealing with betting.

Bookmakers Model

Next, we will present basic model how bookmakers compute odds and demonstrate that it is almost impossible to beat bookmakers (by this we mean to win too much to bankrupt them).

Still, it is possible to be lucky, bet some matches and make a fortune. Or you can make your own betting system that can be profitable in long term (this would be complicated and you will need knowledge about mathematics and statistics, not only about sport). Or, you, as 99.9% of others, can be lucky some times, but usually you will lose your bet.

To Bet or not to Bet

What we can promise is, that you will not find links to bookmakers as on many other pages. We are not going to claim that one bookmaker is better than other, that is up on you. In fact, information presented on this site should tell you one important think – probably, you are not going to make fortune on betting unless you are extremely lucky or you are great mathematician and statistician. The proof is easy – how many bookmakers you know bankrupted? Well, none, i.e., they have to be profitable and how they make profit?

All this means, you can bet some times, but only for fun. If you are facing financial problems then the advice is clear – do not bet, save your money. Betting, as investing, is for those who have extra money to spend. The only “easy” and sure way how to make money is to work hard.